Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Us Highway 35 Washington Court House, OH 43160

    Sponsored
    For Sale
    $671,000

    22.38 Acres, High Visibility, US-35 Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    409
    This exceptional 22.38-acre parcel presents a remarkable opportunity for commercial development. Strategically located in Washington Court House, Ohio, this property boasts 974,872.8 square feet of raw land situated along Robinson Road, offering approximately 245 feet of prominent road frontage. Its prime location provides excellent visibility and easy access to US-35, ensuring high traffic exposure for any future development. All public utilities are readily available in the immediate area, simplifying infrastructure needs. The site benefits from its proximity to a busy access road leading directly into the city, making it an ideal location for businesses seeking convenient access and high visibility. Furthermore, this property is situated approximately 11 miles from the significant Honda/LG Battery plant development, presenting a compelling advantage for businesses seeking to capitalize on the growth and economic activity associated with this major project. Adjacent to the property is a mobile home park, indicating a blend of residential and commercial uses in the surrounding area. The asking price for this exceptional commercial land opportunity is $671,000. This property is zoned for commercial use and offers significant potential for a variety of development projects. Don't miss this chance to secure a prime location for your next venture.

    Property Features for 0 Us Highway 35

    General Information

    Property type
    Land

    We can help!

    Listing Contact
    Branen Weade

    Learn more

    HighLights

    • 22.38‑acre commercial parcel in Washington Court House, OH.
    • 974,872.8 sq ft of land with 245 ft of Robinson Road frontage.
    • Excellent visibility and access to US‑35, high traffic exposure.
    • All utilities available; proximity to city access road.
    • ~11 miles from Honda/LG Battery plant.
    • $671,000 asking price; commercially zoned.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Washington Court House
    County
    Fayette
    State
    Ohio
    Longitude
    -83.4676239
    Latitude
    39.5317453

    Nearby Similar for Sale

    • $215,000
      0.10 Acres

      Washington Court House Multi-Family

      Charming duplex with fenced yards, leased for 12 months.
      130 W Temple St, Washington Court House, OH 43160
      View Details
    • $2,557,000
      39,858 SF

      Tractor Supply Net Leased Property

      Single tenant investment opportunity with over 7 years remaining.
      1650 Columbus Ave, Washington Court House, OH 43160
      View Details
    • $179,900
      0.15 Acres

      Washington Court House Triplex Investment

      Three-unit property with strong rental income potential near downtown.
      411 E Market St, Washington Court House, OH 43160
      View Details
    • $2,790,000
      90,845 SF

      90,845 SF Industrial Facility

      Move-in ready industrial facility ideal for manufacturing, processing, or distribution.
      1104 Clinton Ave, Washington Court House, OH 43160
      View Details
    • $225,000
      3,680 SF

      Historic Commercial Building with Potential

      20,000+ sq ft building with remodeled lower level.
      131 E Court St, Washington Court House, OH 43160
      View Details
    • $1,700,000
      8,400 SF

      Leased Retail Center Near Walmart

      Fully leased retail/restaurant center near I-71.
      1371-1379 Leesburg Ave, Washington Court House, OH 43160
      View Details
    • $1,500,000
      3,500 SF

      Freestanding Urgent Care Facility

      Turnkey urgent care facility with equipment and patient base.
      1311 Leesburg Ave, Washington Court House, OH 43160
      View Details
    • $560,000
      8,020 SF

      8,020 SF Warehouse Buildings

      Two adjoining warehouse buildings with dock doors and ample parking.
      99 Jonesboro Rd, Washington Court House, OH 43160
      View Details
    • $189,900

      Prime Washington Court House Property

      Unique Business Opportunity: 3 Parcels, High Traffic
      632 Elm St, Washington Court House, OH 43160
      View Details
    • $1,700,000
      8,400 SF

      Court House Plaza: Prime Retail Center

      Fully Leased Shopping Center, High Traffic
      1371 Leesburg Ave, Washington Court House, OH 43160
      View Details
    • $439,900

      Brand New Duplex, Washington Court House

      Stunning 2-unit duplex, prime location, high-quality finishes.
      132 Halliday Way, Washington Court House, OH 43160
      View Details
    • $225,000
      2,190 SF

      Prime Washington Court House Property

      2,190 SF Special Purpose Building
      209 Court St, Washington Court House, OH 43160
      View Details

    FAQs

    What type of property is this?
    Land - 22.38 Acres, High Visibility, US-35 Access
    Where is this land located?
    The property is located at Us Highway 35 Washington Court House, OH.
    What is the asking price?
    The asking price for this property is $671,000.
    What are key features of this property?
    This property features: 22.38-acre commercial parcel in Washington Court House, OH.; 974,872.8 sq ft of land with 245 ft of Robinson Road frontage.; Excellent visibility and access to US-35, high traffic exposure.
    Request Owner's contact information
    Us Highway 35 Washington Court House, OH 43160
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Us Highway 35
    Washington Court House, OH 43160
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Us Highway 35 Washington Court House, OH 43160
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Branen Weade
    Real Estate License ID: 2010000364
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.