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    10217 Morse Rd Pataskala, OH 43062

    For Sale
    Contact for pricing

    Prime Ohio farmland, multiple buildings, expansion potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 60-acre agricultural property, known as the Hobbs Estate Farm, presents a unique investment opportunity in Licking County, Ohio. Located just 0.6 miles west of the intersection of Morse Road and State Route 310 in Jersey Township, this farm boasts significant frontage—approximately 1,200 feet—along Morse Road, providing excellent accessibility and high visibility. The property includes a 1,600 square foot home and four substantial agricultural buildings totaling over 14,200 square feet, including a 3,600 square foot flat barn. Additional infrastructure includes two steel silos, a milk house, and two sheds. The farm's agricultural potential is underscored by an average corn yield of 200-225 bushels per acre and soybean yields of 60-70 bushels per acre, with land rental rates averaging $230 per acre. Conveniently situated within the service area of Southwest Licking Water & Sewer, with infrastructure readily accessible near Morse Road and State Route 310. The property is zoned agricultural, suitable for various farming operations or potential future development. Importantly, the seller is unaware of any wetlands or floodplain areas on the property. A significant advantage is the availability of an adjacent 64-acre parcel for purchase from a neighboring landowner, offering a substantial opportunity to expand the land holdings. This property is being offered unpriced and is open to offers.

    Property Features for 10217 Morse Rd

    General Information

    Property type
    Farms

    HighLights

    • 60‑acre agricultural parcel in Jersey Township, Licking County.
    • 1,600 SF home and four agricultural buildings totaling 14,200 SF.
    • Extensive farm infrastructure including two silos, milk house, and two sheds.
    • 1,200 feet of frontage on Morse Road.
    • Adjacent 64 acres available for purchase.
    • Southwest Licking Water & Sewer service available nearby.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Food Market Garden Center Car Rental Farmer's Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Pataskala
    County
    Licking
    State
    Ohio
    Longitude
    -82.6825089
    Latitude
    40.0558128

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    FAQs

    What type of property is this?
    Farm - Prime Ohio farmland, multiple buildings, expansion potential.
    Where is this farm located?
    The property is located at 10217 Morse Rd Pataskala, OH.
    What are key features of this property?
    This property features: 60-acre agricultural parcel in Jersey Township, Licking County.; 1,600 SF home and four agricultural buildings totaling 14,200 SF.; Extensive farm infrastructure including two silos, milk house, and two sheds.
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    Pataskala, OH 43062
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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.

    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.

    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.

    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
    10217 Morse Rd Pataskala, OH 43062
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