Add Listing
    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

    39 Green Meadows Dr Lewis Center, OH 43035

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    1.97-acre prime retail redevelopment site in Ohio.

    Property Features for 39 Green Meadows Dr

    General Information

    Property type
    Land
    Lot Size
    85,813 SF

    We can help!

    Listing Contact
    Brad Kitchen
    Brad Kitchen

    Listing Agency: Alterra Real Estate Advisors Listing Agent: Brad Kitchen

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

    Learn more

    Overview

    This exceptional 1.97-acre commercial land parcel presents a remarkable redevelopment opportunity in the thriving Lewis Center, Ohio market. Strategically located at 39 Green Meadows Dr S, 43035, Delaware County, this property boasts unparalleled visibility and accessibility. The site benefits from convenient access to US 23, a major thoroughfare experiencing daily traffic exceeding 43,000 vehicles. This high traffic volume ensures significant exposure for any future development. The property offers nearly 300 feet of frontage directly on US 23, maximizing its commercial potential. Existing infrastructure is already in place, including readily available plumbing, sewer, gas, and electric connections, streamlining the development process and reducing upfront costs. This prime location, coupled with the existing utilities, makes this a truly exceptional opportunity for investors seeking a high-impact retail development project in a rapidly growing area. The property's size and location make it ideal for a variety of retail uses, offering significant potential for substantial returns. Don't miss this chance to acquire a premier commercial land parcel in a highly desirable location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Highbanks Dental Dental Office Brown Stephen D ... Dental Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Lewis Center
    County
    Delaware
    State
    Ohio
    Longitude
    -83.0173837
    Latitude
    40.1523737

    Nearby Similar for Sale

    • Contact for pricing
      12,432 SF

      Versatile Industrial Building with Office Space

      4,137 SF building on 1.53 acres with functional layout.
      300 Enterprise Dr, Lewis Center, OH 43035
      View Details
    • Contact for pricing

      Green Meadows Corporate Park Office

      Office space with convenient access to Polaris amenities and major highways.
      400 Venture Dr, Lewis Center, OH 43035
      View Details
    • Contact for pricing

      Lewis Center Warehouse/Production Facility

      84,000 SF warehouse/production facility with office space and ample parking.
      7801 N Central Dr, Lewis Center, OH 43035
      View Details
    • $2,582,835

      Ninja Xpress Car Wash

      Full-service car wash with redevelopment potential on 1.681 acres.
      8062 Orange Center Dr, Lewis Center, OH 43035
      View Details
    • Contact for pricing
      9,480 SF

      Daycare Facility For Sale

      Well-located daycare facility licensed for 94 children for sale.
      7810 Graphics Way, Lewis Center, OH 43035
      View Details
    • Contact for pricing
      5,167 SF

      New Retail Property For Sale

      New construction retail property with long-term lease and drive-thru.
      47 Meadow Park Ave, Lewis Center, OH 43035
      View Details
    • $159,900

      Established Dry Cleaning Business Opportunity

      Turnkey dry cleaning business for sale in a busy location.
      0000 Business Opportunity St, Lewis Center, OH 43035
      View Details

    FAQs

    What type of property is this?
    Land - 1.97-acre prime retail redevelopment site in Ohio.
    Where is this land located?
    The property is located at 39 Green Meadows Dr Lewis Center, OH.
    What is the asking price?
    The asking price for this property is $3,995,000.
    What are key features of this property?
    This property features: 1.97-acre commercial land parcel for redevelopment, priced at $3,995,000.; Excellent access from US-23 and Green Meadows Drive South.; High-traffic location on US-23, boasting over 43,000 vehicles per day.
    (520) 232-0200 Call to check price and availability
    Request Owner's contact information
    39 Green Meadows Dr Lewis Center, OH 43035
    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.
    39 Green Meadows Dr
    Lewis Center, OH 43035
    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
    39 Green Meadows Dr Lewis Center, OH 43035
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brad Kitchen
    Brad Kitchen
    Real Estate License ID: 3227132
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!