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    1980 Walker Lk Rd Ontario, OH 44906

    For Sale
    $925,000

    5-Acre Property, High Visibility, Near Intel

    Property size:
    1,924 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional commercial property at 1980 Walker Lake Road in Ontario, Ohio, presents a unique investment opportunity. Situated on a 5-acre lot (two parcels totaling 217,800 square feet), this property boasts a prime location between Columbus and Cleveland, offering easy access to major transportation routes and a thriving market. Less than an hour from the Intel plant, this high-traffic area benefits from significant growth in the region. The property includes a 1,924 square foot, 3-bedroom, 2.5-bathroom ranch home, adding versatility to its potential uses. A large, stocked pond and mature pine trees enhance the aesthetic appeal. The asking price is $925,000, translating to $480.77 per square foot. The property's strategic location across from a Menards store ensures high visibility and accessibility. An adjacent 10-acre parcel with traffic light access is available for separate purchase, offering potential for expansion. Built in 1979, this property is ready for redevelopment or repurposing to suit a variety of commercial ventures. The property's proximity to Mansfield Lahm Regional Airport (within a 10-minute drive) further enhances its logistical advantages. This is an unparalleled chance to capitalize on the burgeoning commercial landscape of Ontario, Ohio.

    Property Features for 1980 Walker Lk Rd

    General Information

    Property type
    Specialty properties
    Square Feet
    1,924 SF

    Building Details

    Year Built
    1979
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Ontario
    County
    Richland
    State
    Ohio
    Longitude
    -82.5842924
    Latitude
    40.7879833

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    FAQs

    What type of property is this?
    Specialty property - 5-Acre Property, High Visibility, Near Intel
    Where is this specialty property located?
    The property is located at 1980 Walker Lk Rd Ontario, OH.
    What is the asking price?
    The asking price for this property is $925,000.
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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
    1980 Walker Lk Rd Ontario, OH 44906
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