Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    BERN Drive lot 118 Millersburg, OH 44654

    View on Map
    Claim this Listing
    New
    For Sale
    $49,500

    LAND - Millersburg, OH

    Lot size:
    0.61 Acres
    Added:
    May 2, 2026
    Days on Market:
    1
    Last Refresh:
    May 2 at 7:06 pm

    Property Features for BERN Drive lot 118

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    13-01311.000
    Lot size
    0.61 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOT 118 LK BUCK BERNE DRLB-D
    Tax Annual Amount
    133

    Utilities

    Water front
    1

    We can help!

    Listing Contact
    Thomas F Kirchendorfer

    Listing agent Thomas F Kirchendorfer License #2003001130

    Listing office The Right Choice- Kirch Realty 1817 State Route 83 Unit 457, Millersburg, OH

    Listing date May 2, 2026

    MLS# 5206550 Listing URL

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

    Overview

    Residential Land in Millersburg, OH

    This 0.6078-acre lot is located near the north gate of Lake Buckhorn in Millersburg, OH. The property is relatively flat, with an approximate 20-foot slope from the front to the back, according to county maps. The surrounding area features established homes. It is situated near Rec Area 8 on the northeast portion of the lake. While single lots in Lake Buckhorn are generally not buildable, this lot's size may allow for a septic permit to be obtained, potentially making it buildable. Prospective buyers are encouraged to consult with the Holmes County Health Department to secure a septic permit.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Millersburg
    County
    Holmes
    State
    Ohio
    Longitude
    -81.851
    Latitude
    40.5444

    Nearby Similar for Sale

    • $99,500

      Large Building Site Near Recreation

      1.41 acre building site near Recreational Area #8.
      1524-1527 E Buckhorn Drive, Millersburg, OH 44654
      View Details
    • $1.00

      153 Acres in Millersburg, OH

      Land with diverse features near Millersburg and Coshocton, Ohio.
      Township Road 127, Millersburg, OH 44654
      View Details
    • $193,900

      Land with Creek in Millersburg

      Private 6.06-acre lot with creek, utilities, and building potential.
      8930 CR 393, Millersburg, OH 44654
      View Details
    • $242,700

      Land Near Millersburg High

      4.854 acres of land near Millersburg High School.
      State Route 60, Millersburg, OH 44654
      View Details
    • $1.00

      63.7 Acres in Millersburg, OH

      63.7 acres of land, mostly open with woods.
      Township Road 127, Millersburg, OH 44654
      View Details
    • $1.00

      20.64 Acres Open and Wooded Land

      20.64 acres of open and wooded land for sale.
      Township Road 127, Millersburg, OH 44654
      View Details
    • $1.00

      39 Acres Open and Wooded Land

      39 acres of land for sale in Millersburg, Ohio.
      Township Road 127, Millersburg, OH 44654
      View Details
    • $1.00

      Land in Millersburg, Ohio

      5.72 acres of mostly wooded land for sale.
      Township Road 127, Millersburg, OH 44654
      View Details
    • $192,700

      Land Near Millersburg High School

      3.854 acre building lot near Millersburg High School.
      Township Road 260, Millersburg, OH 44654
      View Details
    • $1.00

      Land For Sale Millersburg, OH

      11.42 acres of land in Millersburg, Ohio.
      Township Road 127, Millersburg, OH 44654
      View Details
    • Contact for pricing

      Wooded Acreage in Holmes County

      31.29 acres of wooded land near Millersburg, Ohio.
      6706 Township Road 323, Millersburg, OH 44633
      View Details
    • $1.00

      7.7 Acres Open Land, Millersburg

      7.7 acres of mostly open land with frontage.
      Township Road 127, Millersburg, OH 44654
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Large, relatively flat lot near Lake Buckhorn's north gate.
    Where is this residential land & home lot located?
    The property is located at BERN Drive lot 118 Millersburg, OH.
    What is the asking price?
    The asking price for this property is $49,500.
    What are key features of this property?
    This property features: Large lot size allows potential for building despite single lot restrictions.; Septic permit likely obtainable due to lot size, increasing buildability.; Conveniently located near the desirable private north gate.
    (216) 287-7653
    We can help!
    Listing Contact
    Thomas F Kirchendorfer
    Real Estate License ID: 2003001130
    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

    BERN Drive lot: 118, Millersburg, OH 44654

    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!