Add Listing
    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

    Olentangy River Rd Delaware, OH 43015

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Scenic 2+ acre riverfront lot; build your dream home.

    Property Features for 0 Olentangy River Rd

    General Information

    Property type
    Residential land & home lots
    Lot Size
    88,862 SF

    We can help!

    Listing Contact
    Delena Ciamacco
    Delena Ciamacco

    Listing Agent: Delena Ciamacco

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 2.04-acre residential lot presents a unique opportunity to build your dream home in a desirable location. Situated on the picturesque Olentangy River, this gently rolling property boasts a wooded landscape featuring ravines. Enjoy the tranquility of nature while remaining conveniently close to Delaware and Powell, Ohio. Easy access to major roadways, including US Highway 23 and State Route 315, ensures a seamless commute to nearby amenities and employment centers. The property's proximity to Polaris, Alum Creek State Park and Beach, and the Tanger Outlet Mall provides ample recreational and shopping opportunities. All builders are welcome to bring their expertise to this prime location. Natural gas, water, and electric services are available; however, the buyer is responsible for any applicable tap fees. The property is served by the Olentangy school district. Priced at $179,900, this offering represents an excellent value at $88,186 per acre. The property's APN is 419-420-01-117-000. Don't miss this chance to create your ideal home in this idyllic setting.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Delaware
    County
    Delaware
    State
    Ohio
    Longitude
    -83.0584022
    Latitude
    40.2051975

    Nearby Similar for Sale

    • New
      $680,000
      4,400 SF

      Retail Building with Event Spaces

      Freestanding retail building with event spaces and outdoor patios.
      1400 Stratford Rd, Delaware, OH 43015
      View Details
    • $475,000
      3,264 SF

      Historic Office Building in Delaware

      Charming two-story office building in the heart of the Historic District.
      15 N Franklin St, Delaware, OH 43015
      View Details
    • $1,500,000
      5,239 SF

      Downtown Retail Investment Opportunity

      5,239 SF retail property in downtown Delaware, OH.
      27 N Sandusky St, Delaware, OH 43015
      View Details
    • $50,000
      1,400 SF

      Boutique Apparel Business For Sale

      Established boutique apparel business with FF&E and inventory included.
      29 North Sandusky St, Delaware, OH 43015
      View Details
    • $350,000

      Established Hair Salon Franchise Opportunity

      Turn-key hair salon franchise in high-traffic Columbus area.
      Delaware, OH 43015
      View Details
    • $395,000
      1,334 SF

      Retail Property in Downtown Delaware

      Retail property with long-term tenant near Ohio Wesleyan College.
      29-31 N Sandusky St, Delaware, OH 43015
      View Details
    • $750,000
      2,650 SF

      Downtown Delaware Retail Property

      Retail property in downtown Delaware near Ohio Wesleyan College.
      27 N Sandusky St, Delaware, OH 43015
      View Details
    • $699,000
      3,722 SF

      Renovated Office Building on Sandusky

      Stand-alone office building in booming Delaware city community.
      611 S Sandusky St, Delaware, OH 43015
      View Details
    • $499,950
      10,000 SF

      Historic Building in Downtown Delaware

      10,000 SF historic building suitable for office or residential use.
      45 Lake St, Delaware, OH 43015
      View Details
    • $395,000
      1,400 SF

      Retail Property in Downtown Delaware

      Retail space with long-term tenant in high-traffic downtown location.
      29 North Sandusky St, Delaware, OH 43015
      View Details
    • $395,000
      1,334 SF

      Retail Property in Downtown Delaware

      Retail property with long-term tenant in high-traffic downtown location.
      31 N Sandusky St, Delaware, OH 43015
      View Details
    • $475,000
      3,264 SF

      Historic Office Building in Delaware

      Two-story office building built in 1821 with ample parking.
      15 N Franklin St, Delaware, OH 43015
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Scenic 2+ acre riverfront lot; build your dream home.
    Where is this residential land & home lot located?
    The property is located at Olentangy River Rd Delaware, OH.
    What is the asking price?
    The asking price for this property is $179,900.
    What are key features of this property?
    This property features: 2.04-acre residential lot on the Olentangy River.; Gently sloping, wooded lot with ravines.; Convenient location near Delaware, Powell, US HWY 23, SR-315, Polaris, Alum Creek State Park, and Tanger Outlet Mall.
    (614) 882-6725 Call to check price and availability
    Request Owner's contact information
    Olentangy River Rd Delaware, OH 43015
    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.
    Olentangy River Rd
    Delaware, OH 43015
    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
    Olentangy River Rd Delaware, OH 43015
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Delena Ciamacco
    Delena Ciamacco
    Real Estate License ID: 367326
    (614) 882-6725
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!