Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    21-Acre Development Land Site Title is generated by Realmo AI

    0 National Rd SW, Etna, OH 43062

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    21-acre development land with high visibility and easy access.

    Type:Land, Multifamily, Office, Retail
    Lot size:
    21.00 Acres
    Added:
    Mar 12, 2024
    Days on Market:
    793
    Last Refresh:
    Mar 17 at 1:25 pm

    Property Features for 0 National Rd SW

    General Information

    Standard status
    Active
    Lot size
    21.00 Acres
    Property subtype
    Land, Multifamily, Office, Retail

    We can help!

    Listing Contact
    John Mally

    Listing agent John Mally License #2013004679

    Listing office NAI Ohio Equities, LLC

    Listing date Mar 12, 2024

    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 NAI Ohio Equities, LLC

    HighLights

    • 21‑acre development land site zoned General Business District (GB1)
    • Located less than 1.5 miles from the I‑70/OH‑310 Interchange, ensuring easy access
    • Over 2,200' of frontage on National Road/US‑40, providing high visibility
    • Utilities on‑site or nearby, accommodating various uses
    • Strategically positioned near the new Watkins Memorial High School Campus and major distribution centers
    • Asking price is $118,000.00 per acre

    Overview

    This 21-acre development land site is located at 9472 National Road in Etna Township. Zoned General Business District (GB1), the site is available for sale at $118,000.00 per acre. Utilities are available on-site or nearby, making it suitable for various uses such as retail, service stations, offices, and self-storage. The property features over 2,200 feet of frontage on National Road/US-40, providing high visibility. A 6.5-acre portion of the site is particularly well-suited for retail development and can accommodate a variety of uses. The location is less than 1.5 miles from the I-70/OH-310 Interchange, ensuring easy access. The property is strategically positioned near the new Watkins Memorial High School Campus and several major distribution centers, including Amazon, FedEx, Ashley Furniture, and Kohls, enhancing its appeal for diverse commercial opportunities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Etna
    County
    Fairfield
    State
    Ohio
    Longitude
    -82.6107444
    Latitude
    39.9593595

    Nearby Similar for Sale

    • $500,000
      13 SF

      Prime Commercial Land I-70 Frontage

      13 acres of commercial land with I-70 visibility.
      0 Etna Crest Blvd, Etna, OH 43062
      View Details
    • $10,000
      5,000 SF

      Industrial Building Near I-70 East

      5,000 SF industrial building on 2 acres near I-70.
      10095 Tollgate Rd SW, Etna, OH 43062
      View Details
    • $150,000

      7.75 Acres Zoned GB-1

      7.75-acre property zoned GB-1 in Etna, Ohio.
      9033 National Road SW, Etna, OH 43062
      View Details
    • Contact for pricing
      12,500 SF

      Industrial Building Near I-70

      12,500 SF industrial building with outside storage near I-70.
      10077 Tollgate Rd SW, Etna, OH 43062
      View Details
    • $49,900

      Established Tire Shop on National Road

      Turnkey tire shop with high traffic location for sale.
      12976 National Road SW #Garage 1-2, Etna, OH 43062
      View Details
    • $90,000

      Development Land Near I-70

      Development land with frontage on I-70 and US-40.
      6825 National Road SW, Etna, OH 43062
      View Details
    • $855,000

      Retail Pads Ready for Development

      Development-ready retail pads at a visible, high-traffic location.
      Hazelton-Etna Rd SW, Etna, OH
      View Details
    • $1,162,500

      Land in Growing Etna, OH

      Land in Etna, OH, a hub for logistics and distribution.
      9033 National Rd SW, Etna, OH
      View Details
    • $640,700

      Prime Land Near Amazon Center

      4.396 acres suitable for self-storage, retail, or flex space.
      170 Heritage Dr, Etna, OH
      View Details
    • $650,000

      Commercial Land in Etna

      3.71 +/- acre commercial lot on SR 40.
      WATKINS RD SW, Etna, OH 43062
      View Details
    • $1,195,000

      Commercial Land Near Freeway

      Prime commercial land near freeway, build to suite available.
      10829 Hazelton Etna Road SW, Etna, OH 43062
      View Details
    • $3,500,000
      3,825 SF

      National Road Corner Property

      4.2 acres with mower sales and repair business.
      7271 National Road SW, Etna, OH 43062
      View Details

    FAQs

    What type of property is this?
    Commercial land - 21-acre development land with high visibility and easy access.
    Where is this commercial land located?
    The property is located at 0 National Rd SW Etna, OH.
    What is the asking price?
    The asking price for this property is $2,478,000.
    What are key features of this property?
    This property features: 21‑acre development land site zoned General Business District (GB1); Located less than 1.5 miles from the I‑70/OH‑310 Interchange, ensuring easy access; Over 2,200' of frontage on National Road/US‑40, providing high visibility
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    John Mally
    Real Estate License ID: 2013004679
    Learn More
    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
    0 National Rd SW, Etna, OH 43062
    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!