Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Corner Lot in High Traffic Title is generated by Realmo AI

    902 West High Avenue, New Philadelphia, OH 44663

    View on Map
    Claim this Listing
    For Sale
    $209,900

    Corner lot with city utilities, potential for multiple uses.

    Type:Land / Commercial
    Lot size:
    0.35 Acres
    Added:
    Sep 20, 2024
    Days on Market:
    617
    Last Refresh:
    May 19 at 11:17 pm

    Property Features for 902 West High Avenue

    General Information

    Standard status
    Active
    Lot size
    0.35 Acres
    Property subtype
    Land / Commercial

    We can help!

    Listing Contact
    Jan A McInturf
    Jan A McInturf

    Listing agent Jan A McInturf License #314352

    Listing office McInturf Realty

    Listing date Sep 20, 2024

    Source Compass

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of McInturf Realty

    HighLights

    • High traffic corner lot location.
    • Zoned Business 2, suitable for small business.
    • Potential for residential or multi‑family use.
    • City utilities available.
    • Large 96 X 157 lot size.
    • Includes an 18 X 24 garage.

    Overview

    This property features a 96 x 157 corner lot situated in a high-traffic location. City utilities are available. Currently, there is an 18 x 24 garage on the premises that is tenant-occupied. The zoning is Business 2, which allows for small businesses, and there is also potential for residential or multi-family use.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Philadelphia
    County
    Tuscarawas
    State
    Ohio
    Longitude
    -81.43101
    Latitude
    40.482258

    Nearby Similar for Sale

    • $899,900
      2,835 SF

      Profitable Restaurant in New Philadelphia

      Turn-key restaurant with D-1 liquor license in high-traffic location.
      110 S Broadway Street, New Philadelphia, OH 44663
      View Details
    • $1,500,000
      14,947 SF

      Thriving Restaurant and Bar Opportunity

      Well-maintained restaurant and bar with expansion potential in New Philadelphia.
      127 S Broadway Street, New Philadelphia, OH 44663
      View Details
    • $589,900
      3,840 SF

      New Philadelphia Duplex Investment Opportunity

      Two duplexes, four units, built in 2018, separate utilities.
      623 11th Drive NW, New Philadelphia, OH 44663
      View Details
    • $1,200,000

      Commercial Land in New Philadelphia

      Two parcels of commercial land available for new development.
      1200 W High Avenue, New Philadelphia, OH 44663
      View Details
    • $2,400,000

      COMMERCIAL - New Philadelphia, OH

      341 Graff Road SE, New Philadelphia, OH 44663
      View Details
    • $1,700,000
      45,000 SF

      Versatile Industrial Buildings on Acreage

      Five industrial buildings totaling 45,000+ SF on 21.8 acres.
      1490 Truss SW Road, New Philadelphia, OH 44663
      View Details
    • $1,500,000
      14,947 SF

      Thriving Broadway Brewhouse Landmark

      Well-maintained bar and restaurant with expansion potential.
      127 S Broadway St, New Philadelphia, OH 44663
      View Details
    • $899,900
      10,334 SF

      Profitable Restaurant in High-Traffic Location

      Well-established restaurant with loyal customer base and D-1 liquor license.
      110 S Broadway St, New Philadelphia, OH 44663
      View Details
    • Contact for pricing
      1,656 SF

      Tillable Land in New Philadelphia, OH

      4.6 acre parcel of tillable land near New Philadelphia.
      3967 Crooked Run Road NW, New Philadelphia, OH 44663
      View Details
    • $359,000

      Turnkey Triplex Investment Property

      Fully occupied triplex in New Philadelphia, offering immediate rental income.
      837 2nd Street SE, New Philadelphia, OH 44663
      View Details
    • $1.00

      Country Property with Scenic Views

      8.4+/- acres with ranch home near Stone Creek, OH.
      Rice Rd SW, New Philadelphia, OH 44663
      View Details
    • Contact for pricing
      1,656 SF

      Tillable Land Near Sugarcreek

      9.2 acres of tillable land near New Philadelphia, Ohio.
      3967 Crooked Run Road NW, New Philadelphia, OH 44663
      View Details

    FAQs

    What type of property is this?
    Commercial land - Corner lot with city utilities, potential for multiple uses.
    Where is this commercial land located?
    The property is located at 902 West High Avenue New Philadelphia, OH.
    What is the asking price?
    The asking price for this property is $209,900.
    What are key features of this property?
    This property features: High traffic corner lot location.; Zoned Business 2, suitable for small business.; Potential for residential or multi‑family use.
    (330) 343-7603
    We can help!
    Listing Contact
    Jan A McInturf
    Jan A McInturf
    Real Estate License ID: 314352
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    902 West High Avenue, New Philadelphia, OH 44663
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!