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    8549 Althoff Rd Versailles, OH 45380

    For Sale
    $1,567,000

    25-Acre Campground with Ranch House

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional investment opportunity presents a 25-acre campground in Versailles, Ohio, ideally situated just 10.3 miles from Eldora Speedway and 8.1 miles from Country Concert at Hickory Hills. The property includes a 2,115 sq ft ranch house boasting 3 bedrooms and 2.5 bathrooms, a 2-car garage, and recent updates including a new roof (2017), furnace (2014), tankless water heater (2021), windows (2016), and a kitchen remodel (2014). The house features a sprinkler system and includes appliances such as a refrigerator, stove, dishwasher, water softener, microwave, and window coverings. The campground itself offers 123 approved campsites: 78 seasonal sites with metered electric and concrete pads, 38 electric and water sites, and 7 primitive sites. Amenities include three separate ponds totaling 12 acres of water, a treated swimming pond with a beach area, a Jon boat, and a floating pontoon. Additional features are a community restroom and shower house (with extra shower capacity for race and concert weekends), three shelter houses with electricity, an office building at the entrance, a community room with HVAC, a workshop, storage area, a 40' x 40' pole barn, an entertainment stage, basketball court, playground, and horseshoe pits. The campground is meticulously maintained. Note that the septic system requires a Class A Operator's License, which will also cover the well house operator. The asking price for this turnkey operation is $1,567,000.

    Property Features for 8549 Althoff Rd

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    1,089,000 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cottonwood Lakes Campground

    Map

    City
    Versailles
    County
    39037
    State
    Ohio
    Longitude
    -84.493356
    Latitude
    40.289723

    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Office Property / Space - 25-Acre Campground with Ranch House
    Where is this office property / space located?
    The property is located at 8549 Althoff Rd Versailles, OH.
    What is the asking price?
    The asking price for this property is $1,567,000.
    Request Owner's contact information
    8549 Althoff Rd Versailles, OH 45380
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    Realmo Value Estimation

    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.

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    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.

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    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.

    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
    8549 Althoff Rd Versailles, OH 45380
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