Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land with Mineral Rights Title is generated by Realmo AI

    Mellwood, Toronto, OH 43964

    View on Map
    Claim this Listing
    Picture of Land at Mellwood, Toronto, OH
    Pending
    Contact for pricing

    LAND - Toronto, OH

    Lot size:
    0.47 Acres
    Added:
    Jun 12, 2023
    Days on Market:
    1086
    Last Refresh:
    Jun 1 at 10:06 pm

    Property Features for Mellwood

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded
    Standard status
    Pending
    APN
    09-01555-000
    Lot size
    0.47 Acres

    Taxes and HOA fees

    Tax Description
    36 MELLWD AC 71X152 MAP-09-12A0-08300
    Tax Annual Amount
    202

    We can help!

    Listing Contact
    Marlana Martinez

    Listing agent Marlana Martinez License #2022006787

    Listing office Cedar One Realty 143 Canton Rd, Wintersville, OH

    Listing date Jun 12, 2023

    MLS# 4466245 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.

    HighLights

    • Two adjacent lots totaling almost half an acre.
    • Includes mineral rights.
    • Located on a serene, highly sought‑after dead‑end street.
    • Outside city limits, right off of 213.
    • Back of the property is surrounded by lush woods.
    • Tranquil neighborhood setting.

    Overview

    This property presents an opportunity to own two adjacent lots, totaling approximately 0.47 acres, complete with mineral rights. Situated on a highly sought-after dead-end street just outside city limits, off of 213, the land resides within a tranquil neighborhood setting. The property offers possibilities for building a dream home. The back of the property is bordered by lush woods, potentially offering an enchanting view from the backyard. This land combines neighborhood living with privacy and nature.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Toronto
    County
    Jefferson
    State
    Ohio
    Longitude
    -80.660929
    Latitude
    40.455647

    Nearby Similar for Sale

    • $199,000
      1,452 SF

      Mixed-Use Building in Toronto, OH

      Mixed-use commercial building with storefront and apartments in Toronto, OH.
      302 N 4th Street, Toronto, OH 43964
      View Details
    • $199,000
      3,168 SF

      Downtown Toronto Triplex Opportunity

      Solid brick triplex in historic downtown Toronto.
      308-310 N 4th Street, Toronto, OH 43964
      View Details
    • $20,000

      Residential Land in Suburban Setting

      Half-acre residential lots for building a dream home.
      W FERNWOOD Drive, Toronto, OH 43964
      View Details
    • $26,500

      Residential Acre Lot For Sale

      One acre residential lot in a desirable suburban setting.
      W FERNWOOD Drive, Toronto, OH 43964
      View Details
    • $16,600

      Residential Land in Toronto, OH

      Two side-by-side vacant lots totaling almost 0.63 acres.
      Sarah Boulevard, Toronto, OH 43964
      View Details
    • $29,900

      Land For Sale, Toronto, OH

      Land available in Toronto, Ohio.
      618 Mara Lane, Toronto, OH 43964
      View Details
    • $10,000

      Land For Sale, Toronto, OH

      Land available for sale in Toronto, Ohio.
      301 N 3rd Street, Toronto, OH 43964
      View Details
    • $10,000

      Land For Sale, Toronto, OH

      Land available for sale in Toronto, Ohio.
      204 N 5th Street, Toronto, OH 43964
      View Details
    • $10,000

      Commercial Land Available

      Commercial land for sale.
      204 North 5th Street, Toronto, OH 43964
      View Details
    • $29,900

      Land For Sale, Toronto, OH

      Land available for sale in Toronto, Ohio.
      620 mara Lane, Toronto, OH 43964
      View Details
    • $17,400

      Residential Corner Lot in Toronto

      Oversized corner lot suitable for residential construction with utilities available.
      1001 N 4th Street, Toronto, OH 43964
      View Details

    FAQs

    What type of property is this?
    Land - Two adjacent lots totaling almost half an acre with mineral rights.
    Where is this land located?
    The property is located at Mellwood Toronto, OH.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Two adjacent lots totaling almost half an acre.; Includes mineral rights.; Located on a serene, highly sought‑after dead‑end street.
    (248) 506-2072
    We can help!
    Listing Contact
    Marlana Martinez
    Real Estate License ID: 2022006787
    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
    Mellwood, Toronto, OH 43964
    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!