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    10111 Winchester Rd Canal Winchester, OH 43110

    For Sale
    $1,100,000

    Three-unit apartment building, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional investment opportunity presents a three-unit apartment building situated on a sprawling 12.5-acre lot at 10111 Winchester Road NW in Canal Winchester, Ohio, zip code 43110. Built in 1977, the property boasts a total of three units, offering a compelling return on investment at an asking price of $1,100,000. The price per square foot is $510.92. The property consists of three ranch-style homes situated on separate parcels, each with its own unique characteristics. Two of the main homes feature fireplaces, finished basements, and attached two-car garages. A fourth parcel includes a lodge building. A shared driveway agreement ensures convenient access for all units. While the homes require some updating and TLC, this presents a significant opportunity for value enhancement. The property enjoys a private setting, well removed from the road, yet offers easy access to the amenities of Columbus. The expansive 35,719.2 square foot lot provides ample space and potential for future development. All parcels and homes are sold as a single package. This is a rare chance to acquire a substantial multifamily property with significant upside potential in a desirable location. Detailed photos of each home are available.

    Property Features for 10111 Winchester Rd

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1977
    Units
    3

    HighLights

    • Three‑unit apartment building on a 12.5‑acre lot in Canal Winchester, OH.
    • Asking price: $1,100,000; price per square foot: $510.92.
    • Three ranch‑style homes, two with fireplaces, finished basements, and attached two‑car garages; plus a separate lodge building.
    • Shared driveway; requires some updating.
    • Private setting with easy access to Columbus amenities; 35,719.2 sq ft lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Gym & Fitness Kitchen & Bath Food Market Garden Center Plumbing Service Mobile Phone Store Farmer's Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Canal Winchester
    County
    Fairfield
    State
    Ohio
    Longitude
    -82.7872141
    Latitude
    39.8222464

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    FAQs

    What type of property is this?
    Multifamily property - Three-unit apartment building, prime location.
    Where is this multifamily property located?
    The property is located at 10111 Winchester Rd Canal Winchester, OH.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Three-unit apartment building on a 12.5-acre lot in Canal Winchester, OH.; Asking price: $1,100,000; price per square foot: $510.92.; Three ranch-style homes, two with fireplaces, finished basements, and attached two-car garages; plus a separate lodge building.
    Request Owner's contact information
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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
    10111 Winchester Rd Canal Winchester, OH 43110
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