Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Bellefontaine, OH Acreage For Sale Title is generated by Realmo AI

    County Rd 55, Bellefontaine, OH 43311

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    Pending
    $268,489

    LAND - Bellefontaine, OH

    Lot size:
    40.31 Acres
    Added:
    Jun 21, 2022
    Days on Market:
    1432
    Last Refresh:
    May 22 at 9:06 am

    Property Features for County Rd 55

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    121080000063000
    Lot size
    40.31 Acres

    Taxes and HOA fees

    Tax Year
    2022

    Utilities

    Water front features
    Pond
    Water front
    1

    We can help!

    Listing Contact
    Donald Lewis

    Listing agent Donald Lewis

    Listing office Glasshouse Realty Group 121 W Franklin St., Troy, OH

    Listing date Jun 21, 2022

    MLS# 1019310 Listing URL

    Copyright © 2026 West Metro Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Enjoy the large pond on property.
    • 39.288 acre parcel included.
    • Suitable for residential building.
    • Suitable for hunting.
    • Unspoiled acreage.
    • Total of 3 parcels.

    Overview

    This property features approximately 40.31 acres of land, including a large pond. The land consists of three parcels: two parcels of 1 acre each, and a third parcel comprising 39.288 acres. Located in Bellefontaine, Ohio, the acreage is suitable for residential building and hunting.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Bellefontaine
    County
    Logan
    State
    Ohio
    Longitude
    -83.713848
    Latitude
    40.331099

    Nearby Similar for Sale

    • $795,000
      9,600 SF

      Spacious Land with Large Outbuilding

      12.7-acre property with a 9,600 sq ft outbuilding in Ohio.
      1274 Township Road 204, Bellefontaine, OH 43311
      View Details
    • $199,900
      1,384 SF

      Versatile Commercial Building in Bellefontaine

      Adaptable commercial space with endless possibilities in a prime location.
      717 S Main Street, Bellefontaine, OH 43311
      View Details
    • $795,000
      9,600 SF

      12.7-Acre Property with Outbuilding

      Multi-use rural property with 9,600 sq ft outbuilding.
      1274 Township Road 204, Bellefontaine, OH 43311
      View Details
    • $480,000

      Bellefontaine Land Opportunity

      11.8 acres of cleared land ready for development.
      532 Florence Avenue, Bellefontaine, OH 43311
      View Details
    • $285,000
      1,888 SF

      Downtown Bellefontaine Commercial Building

      Commercial building in downtown Bellefontaine, Ohio, with flexible rental options.
      207-209 S Main Street, Bellefontaine, OH 43311
      View Details
    • $195,900
      1,872 SF

      Income-Producing Duplex in Bellefontaine, OH

      Well-maintained duplex with two units generating $1,900 monthly income.
      605 N Detroit Street, Bellefontaine, OH 43311
      View Details
    • $219,900
      2,792 SF

      Bellefontaine Duplex with Rental Income

      Two spacious units, generating $2,350 monthly rental income.
      300 W Sandusky Avenue, Bellefontaine, OH 43311
      View Details
    • $1,400,000
      2,568 SF

      Bellefontaine Commercial Opportunity on Main

      Prime commercial property in Bellefontaine's business district with high visibility.
      1433 S Main Street, Bellefontaine, OH 43311
      View Details
    • $100,000
      1,800 SF

      Bellefontaine, OH Land Opportunity

      Rural building lots in Lake Township, Indian Lake School District.
      County Road 290 lot: Bb, Bellefontaine, OH 43311
      View Details
    • $170,000

      Scenic Land Parcel in Bellefontaine

      5.52-acre lot perfect for a custom home.
      160 N County Road 25, Bellefontaine, OH 43311
      View Details
    • $49,500

      Commercial Land with Road Frontage

      Two parcels of land with road frontage in Bellefontaine, OH.
      W Columbus Avenue, Bellefontaine, OH 43311
      View Details
    • $285,000
      1,888 SF

      Commercial Building in Downtown Bellefontaine

      Commercial building in the business district of downtown Bellefontaine, OH.
      207-209 S Main Street, Bellefontaine, OH 43311
      View Details

    FAQs

    What type of property is this?
    Land - Unspoiled acreage with pond, suitable for residential building or hunting.
    Where is this land located?
    The property is located at County Rd 55 Bellefontaine, OH.
    What is the asking price?
    The asking price for this property is $268,489.
    What are key features of this property?
    This property features: Enjoy the large pond on property.; 39.288 acre parcel included.; Suitable for residential building.
    (937) 654-0283
    We can help!
    Listing Contact
    Donald Lewis
    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
    County Rd 55, Bellefontaine, OH 43311
    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!