Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    4870 Pike Zanesville, OH 43701

    • Land
    • 1.11 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 4870 Pike

    Lot size
    1.11 lot acres
    Property type
    Land

    Description

    This exceptional 1.11-acre commercial property in Zanesville, Ohio, presents a remarkable investment opportunity. Located at 4870 E Pike, this strategically positioned lot boasts almost 300 feet of road frontage near a busy intersection in Muskingum County, ensuring high visibility and substantial traffic flow. The property includes over 6,000 square feet of existing buildings, formerly utilized as a motel and antique shop, offering versatile options for redevelopment or expansion. The site is zoned for commercial use and benefits from readily available public utilities. Its prime location is complemented by the proximity of hotels, restaurants, and gas stations, creating a thriving commercial environment. Further enhancing its appeal, the property features a billboard generating a monthly income of $125. Recent improvements include a new roof installed in 2023 and some new windows. All mineral rights owned by the seller will transfer to the new owner. The APN is 51-62-01-35-000. This property is ideally suited for a variety of commercial ventures, including a strip mall or restaurant, and presents endless possibilities for a savvy investor. Don't miss this chance to acquire a high-potential commercial property in a prime location.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Zanesville
    County
    Muskingum
    State
    Ohio
    Longitude
    -81.9001
    Latitude
    39.9648

    Comparable in this City

    • Value Estimation by Request
      0.79 Acres

      Zanesville, OH 43701

      Land • 0.79 Acres
      Zanesville, OH 43701
      View Details
    • Value Estimation by Request
      1.87 Acres

      2655-2685 East Pike

      Land • 1.87 Acres
      2655-2685 East Pike, Zanesville, OH 43701
      View Details
    • Value Estimation by Request
      3.40 Acres

      3.398 acres Northpointe Drive-

      Land • 3.40 Acres
      3.398 acres Northpointe Drive-, Zanesville, OH 43701
      View Details
    • Value Estimation by Request
      7.78 Acres

      7.78 Acres Northpointe Dr-

      Land • 7.78 Acres
      7.78 Acres Northpointe Dr-, Zanesville, OH 43701
      View Details
    • Value Estimation by Request
      2.99 Acres

      2.99 Acres Northpointe Dr

      Land • 2.99 Acres
      2.99 Acres Northpointe Dr, Zanesville, OH 43701
      View Details
    • Value Estimation by Request

      Ac Northpointe Dr-789

      Land
      Ac Northpointe Dr-789, Zanesville, OH 43701
      View Details

    Similar Nearby for Sale

    • $1,200,000

      Prime Zanesville Commercial Land

      High-visibility land, I-70 access.
      2665 East Pike, Zanesville, OH 43701
      View Details
    • Contact for pricing
      5.93 Acres

      Zanesville Commercial Land Opportunity

      Prime 5.93-acre site, I-70 visibility.
      4645 Pike, Zanesville, OH 43701
      View Details
    • Contact for pricing

      Zanesville Commercial Build-to-Suit Lots

      Prime Zanesville location, build your dream office.
      753 Leonard Ave, Zanesville, OH 43701
      View Details
    • Contact for pricing
      1.07 Acres

      Maple Ave. Retail Pad Site

      Zanesville, OH commercial land: 1.07 acres
      3055 Maple Ave, Zanesville, OH 43701
      View Details
    • Contact for pricing
      0.45 Acres

      Zanesville Build-to-Suit Land

      Prime Commercial Land, Zanesville, OH. Build Your Dream.
      753 Leonard Ave, Zanesville, OH 43701
      View Details
    • $1,200,000

      Prime Zanesville Land - US 40 Frontage

      98 Acres, US 40 & County Road 93 Access
      7515 West Pike, Zanesville, OH 43701
      View Details

    Similar Nearby for Lease

    • $100,000
      6,225 SF

      Maple Ave Commercial Land

      Zanesville, OH retail pad site
      3055 Maple Ave, Zanesville, OH 43701
      View Details
    • $24,000
      217,800 SF

      Zanesville Industrial Land for Lease

      5 Acres, Outdoor Storage, Prime Location
      1885 Main St, Zanesville, OH 43701
      View Details
    • $4,250 /Mo
      65,340 SF

      Zanesville Land for Rent

      1.5 acre commercial land available for rent in Zanesville.
      2660 Old National Rd, Zanesville, OH 43701
      View Details
    • Contact for pricing

      Prime Outparcel Opportunity on Maple

      Outparcel opportunity in front of Big Lots and Hobby Lobby.
      3515 Maple Ave, Zanesville, OH 43701
      View Details
    • $2,500 /Mo
      321,429 SF

      Zanesville Commercial Land For Rent

      7+ acre commercial land in East Pointe Industrial Park.
      4020 E Pointe Dr, Zanesville, OH 43701
      View Details
    • Contact for pricing

      Commercial Land for Lease

      7.4 acres of commercial land available for lease.
      3720 Frazeysburg Rd, Zanesville, OH 43701
      View Details
    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.
    4870 Pike
    Zanesville, OH 43701
    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.

    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
    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.