Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    79 Acres of Prime Hunting Land Title is generated by Realmo AI

    0 Alderman Rd, Millfield, OH 45761

    View on Map
    Claim this Listing
    For Sale
    $440,000

    Vacant Land - Millfield, OH

    Lot size:
    79.00 Acres
    Added:
    May 15, 2026
    Days on Market:
    16
    Last Refresh:
    May 30 at 9:06 am

    Property Features for 0 Alderman Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    Lot size
    79.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Tyler Haessly

    Listing agent Tyler Haessly

    Listing office Buckeye Land Sales 33550 Wolf Hill Rd, McArthur, OH

    Listing date May 15, 2026

    MLS# 11778699 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Proven trophy whitetail hunting property: history of Boone and Crockett bucks harvested, managed for optimal deer habitat.
    • Turnkey hunting operation: Includes established food plots, travel lanes, and stand locations designed for serious hunting.
    • 79 acres of diverse habitat: Features mature hardwoods, ridge top openings, and young clearcuts, creating ideal conditions for wildlife.
    • Excellent location: Five minutes from Athens, Ohio and Ohio University, and approximately 30 miles from Hocking Hills State Park.
    • Solid legacy property: Strong homesite location with utilities at the road, privacy, and views.
    • All mineral rights transfer: Provides additional value and potential future income.

    Overview

    This 79-acre property on Alderman Road, located five minutes from Athens, Ohio, overlooks the Hocking River Valley from a hardwood ridge. The land features mature hardwoods, ridge top openings, and young clearcuts. A maintained gas line along the main ridge has been frost seeded into a long food plot. Other sections of the pipeline corridor provide browse and bedding cover. Approximately 20 acres of four-year-old clearcuts run through the middle of the property, offering thick browse and bedding cover. Forestry mulcher travel lanes have been cut through these clearcuts, connecting hardwood blocks and opening natural corridors. Three stand locations have been designed and built around these travel corridors. The main ridge and surrounding hardwoods contain mature oaks and some pines, with no recent timbering. The property had been leased to an outfitter for several years, during which clients harvested multiple trophy deer. The 2025 season was rested with no hunting allowed. This property also presents a homesite location above the main paved road, providing utilities at the road, privacy, and views of wildlife. Easy ridge top access from the east facilitates hunting, management, and development. All mineral rights transfer with the sale. The property is located near Ohio University and the city of Athens, and approximately 30 miles from Hocking Hills State Park. The land includes a frost-seeded ridge top food plot and forestry mulcher travel lanes. The terrain features hardwood ridges, a ridge top food plot corridor, and clearcuts with forestry mulcher cut travel lanes. The timber consists of mature oaks and some pines, with the option for the owner to manage or leave intact. The property has a documented trophy whitetail history and a strong turkey population, with wildlife corridor connectivity within the broader Wayne National Forest region.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Millfield
    County
    Athens
    State
    Ohio
    Longitude
    -82.099845
    Latitude
    39.376642

    FAQs

    What type of property is this?
    Hunting land - Turnkey hunting property near Athens, Ohio, with trophy whitetail history.
    Where is this hunting land located?
    The property is located at 0 Alderman Rd Millfield, OH.
    What is the asking price?
    The asking price for this property is $440,000.
    What are key features of this property?
    This property features: Proven trophy whitetail hunting property: history of Boone and Crockett bucks harvested, managed for optimal deer habitat.; Turnkey hunting operation: Includes established food plots, travel lanes, and stand locations designed for serious hunting.; 79 acres of diverse habitat: Features mature hardwoods, ridge top openings, and young clearcuts, creating ideal conditions for wildlife.
    (740) 525-4582
    We can help!
    Listing Contact
    Tyler Haessly
    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 Alderman Rd, Millfield, OH 45761
    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!