Sign Up Successful!
You now have access to more from Realmo!
    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

    Us Highway 42 West Jefferson, OH 43162

    Sponsored
    For Sale
    $3,950,000

    43+ Acres, US Hwy 42, C-2 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    407
    This exceptional 43.56-acre industrial land parcel in West Jefferson, Ohio, presents a unique investment opportunity. Strategically located on US Highway 42, just north of I-70, this property boasts a C-2 zoning designation and is planned for industrial development. All utilities are conveniently located on-site, making it ideal for a variety of uses, including truck terminals, warehousing, and manufacturing facilities. The expansive lot size offers significant potential for large-scale operations. Beyond its primary suitability for industrial uses, the property's prime location and zoning also allow for additional possibilities such as service stations, restaurants, auto repair shops, and hotels. The high visibility from US-42, with potential for I-70 signage, provides exceptional marketing opportunities. The property's asking price is $3,950,000, and the APN is 08-00429.003. This is a rare chance to acquire a substantial, well-situated industrial property in a thriving Ohio market. Don't miss this opportunity to secure a prime location for your next venture.

    Property Features for 0 Us Highway 42

    General Information

    Property type
    Distribution properties
    Lot Size
    1,897,474 SF

    We can help!

    Listing Contact
    Stephen Pryor
    Stephen Pryor

    Learn more

    HighLights

    • 43.56 acres of land for sale in West Jefferson, OH.
    • C‑2 zoned, planned industrial development.
    • All utilities on‑site.
    • Ideal for truck terminals, warehousing, and manufacturing; potential for service stations, restaurants, auto repair, and hotels.
    • High‑visibility location on US‑42, near I‑70, with I‑70 signage potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Map

    City
    West Jefferson
    County
    Madison
    State
    Ohio
    Longitude
    -83.361987498155
    Latitude
    39.966239726115

    Nearby Comparable

    • $950,000
      0.06 Acres

      London, OH Standalone Building

      Renovated building near I-70 & US 42, suitable for retail.
      1340 Us Rt 42, London, OH 43140
      View Details
    • Contact for pricing

      West Jefferson Commercial Land Available

      Commercial and industrial land with tax abatement and utilities.
      Walker Way, West Jefferson, OH 43162
      View Details
    • Contact for pricing
      1,090,000 SF

      Prime West Jefferson Industrial/Office

      1M+ SF Class A space, divisible. High-demand location.
      44 Commerce Pkwy, West Jefferson, OH 43162
      View Details
    • Contact for pricing
      47.66 Acres

      I-70 & SR-29 Development Land

      47.66 Acres, Prime Ohio Location
      0 I-70 & Sr-29, West Jefferson, OH 43162
      View Details
    • Contact for pricing
      55.00 Acres

      I-70 & US-42 Industrial Land

      Prime Ohio industrial land, build-to-suit
      0 I-70- & Us-42, West Jefferson, OH 43162
      View Details
    • $3,941,500
      78.83 Acres

      Prime Industrial Land: West Jefferson, OH

      78.83 Acres, $50k/Acre, I-70 Access
      0 Us Highway 40, West Jefferson, OH 43162
      View Details
    • Contact for pricing

      Prime Development Land Near I-70

      Development land near major distribution centers with freeway visibility.
      2461 Us Highway 40 SE, London, OH 43140
      View Details
    • $719,000
      952 SF

      Prime West Jefferson Investment

      Mobile Home Park w/ Add'l Income
      4800 Us Highway 40, West Jefferson, OH 43162
      View Details
    • $3,950,000
      43 SF

      Industrial Land on US Highway

      43.56-acre property zoned for planned industrial development.
      42 Hwy U.S, West Jefferson, OH 43162
      View Details
    • $835,800
      23.89 Acres

      24-Acre Nature Lover's Compound

      24 acres perfect for Airbnb/VRBO with trails, creek, hunting.
      2209 Grewell Rd, London, OH 43140
      View Details
    • $835,800

      Prime 24-Acre Ohio Land

      Exceptional Ohio land, ideal for various uses.
      2209 Grewell Rd, London, OH 43140
      View Details
    • Contact for pricing

      West Jefferson Commercial Land

      65 Acres, Prime Development Site, Ohio
      0 Us Highway 40, West Jefferson, OH 43162
      View Details

    Nearby Similar for Sale

    • $265,000
      3,281 SF

      Commercial Building with Parking Lot

      Commercial building for sale in high-visibility location with parking.
      74 E Main St, West Jefferson, OH 43162
      View Details
    • Contact for pricing
      747,520 SF

      C5 Gateway Logistics Center

      747,520 SF distribution center near Interstate 70.
      1050 Gtwy Park Dr, West Jefferson, OH
      View Details
    • Contact for pricing
      1,090,000 SF

      West Jefferson Warehouse For Sale

      Large industrial warehouse with ample parking and modern amenities.
      44 Commerce Pkwy, West Jefferson, OH
      View Details
    • Contact for pricing
      1,090,000 SF

      Prime West Jefferson Industrial/Office

      1M+ SF Class A space, divisible. High-demand location.
      44 Commerce Pkwy, West Jefferson, OH 43162
      View Details
    • $719,000
      952 SF

      Prime West Jefferson Investment

      Mobile Home Park w/ Add'l Income
      4800 Us Highway 40, West Jefferson, OH 43162
      View Details

    FAQs

    What type of property is this?
    Distribution property - 43+ Acres, US Hwy 42, C-2 Zoning
    Where is this distribution property located?
    The property is located at Us Highway 42 West Jefferson, OH.
    What is the asking price?
    The asking price for this property is $3,950,000.
    What are key features of this property?
    This property features: 43.56 acres of land for sale in West Jefferson, OH.; C-2 zoned, planned industrial development.; All utilities on-site.
    Request Owner's contact information
    Us Highway 42 West Jefferson, OH 43162
    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.
    Us Highway 42
    West Jefferson, OH 43162
    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
    Us Highway 42 West Jefferson, OH 43162
    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!
    Listing Contact
    Stephen Pryor
    Stephen Pryor
    Real Estate License ID: 2011000934
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.