Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Prime Land Near Intel Title is generated by Realmo AI

    13832 Fancher Road, Johnstown, OH 43031

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    7.14 acres of commercial land near Intel.

    Type:Land, Industrial, Multifamily
    Lot size:
    7.14 Acres
    Added:
    Dec 3, 2023
    Days on Market:
    911
    Last Refresh:
    May 12 at 8:17 pm

    Property Features for 13832 Fancher Road

    General Information

    Standard status
    Active
    Lot size
    7.14 Acres
    Property subtype
    Land, Industrial, Multifamily

    Building Details

    Year Built
    1992

    We can help!

    Listing Contact
    Michael Riley

    Listing agent Michael Riley License #433450

    Listing office Howard Hanna Real Estate Svcs

    Listing date Dec 3, 2023

    Source Crexi

    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 Howard Hanna Real Estate Svcs

    HighLights

    • 7.14 acres of prime real estate near the 'Silicon Heartland'.
    • Development opportunity with potential for commercial use.
    • Located just 3 miles from Intel.
    • Natural gas available.
    • Excellent frontage on Fancher Rd.
    • Less than 5 minutes to 161 freeway.

    Overview

    This 7.14-acre property on Fancher Road presents a development opportunity, situated approximately 3 miles from Intel and in close proximity to the Silicon Heartland, including Intel, Facebook, Amazon, and Google. The location offers potential commercial opportunities and includes natural gas. The property features frontage on Fancher Road, located 0.4 miles from Route 62 and 0.7 miles from the intersection of South County Line Road. It is also less than 5 minutes from the 161 freeway. Additional neighboring properties may be available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Building Supply Pharmacy Kitchen & Bath Showroom HVAC Service Garden Center Carpet & Flooring Store Pet Store Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Johnstown
    County
    Licking
    State
    Ohio
    Longitude
    -82.7477719
    Latitude
    40.1304236

    Nearby Similar for Sale

    • $2,100,000

      Prime Land Near Intel Site

      5-acre parcel near Intel site, ideal for development.
      4987 Mink Street NW, Johnstown, OH 43031
      View Details
    • $279,900

      Scenic Land with Creek

      Scenic 6.5-acre lot with mature trees and creek.
      4609 Van Fossen Road, Johnstown, OH 43031
      View Details
    • $279,900

      Scenic Land with Mature Trees

      6.14 acre lot with mature trees and creek.
      11842 Shipley Road, Johnstown, OH 43031
      View Details
    • $279,900

      Scenic Land Parcel in Johnstown

      6.32 acre lot near Johnstown with creek and trees.
      4417 Van Fossen Road, Johnstown, OH 43031
      View Details
    • $950,000
      1,536 SF

      Retail Building on High-Traffic Street

      Free-standing retail building with high visibility and flexible layout.
      580 West Coshocton Street, Johnstown, OH 43031
      View Details
    • $1,250,000

      9.68-Acre Homestead in Johnstown, OH

      9.68 acres with farmhouse, pond, and outbuilding in Johnstown.
      5520 Clover Valley Road, Johnstown, OH 43031
      View Details
    • $2,500,000

      Prime Land Near Intel, Johnstown

      8.21 acres near Intel, potential commercial development, utilities available.
      13900 Fancher Road, Johnstown, OH 43031
      View Details
    • $719,000

      Land with Pond in Johnstown

      14+ acre lot with pond, ideal for mini-farm.
      Nichols Lane Road NW, Johnstown, OH 43031
      View Details
    • $239,900

      Buildable 3.9 Acre Lot

      Johnstown, OH: 3.9 acre lot to build your dream home.
      Dutch Lane, Johnstown, OH 43031
      View Details
    • $245,000

      Residential Land in Johnstown, OH

      2.75 acre corner lot for custom home building.
      Castle Road, Johnstown, OH 43031
      View Details
    • $4,993,000

      Land Near Intel Site

      11.75 acre property near Intel site in Johnstown, OH.
      12888 Green Chapel Road NW, Johnstown, OH 43031
      View Details
    • $900,000

      Commercial Land in Johnstown, OH

      2.24 acres in Silicone Heartland area, Johnstown, OH.
      12026 Jug Street, Johnstown, OH 43031
      View Details

    FAQs

    What type of property is this?
    Commercial land - 7.14 acres of commercial land near Intel.
    Where is this commercial land located?
    The property is located at 13832 Fancher Road Johnstown, OH.
    What is the asking price?
    The asking price for this property is $1,699,000.
    What are key features of this property?
    This property features: 7.14 acres of prime real estate near the 'Silicon Heartland'.; Development opportunity with potential for commercial use.; Located just 3 miles from Intel.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Michael Riley
    Real Estate License ID: 433450
    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
    13832 Fancher Road, Johnstown, OH 43031
    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!