Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Pickerington Commercial Lot For Sale Title is generated by Realmo AI

    0 Windmiller Dr, Pickerington, OH 43147

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    1.4+- acre commercial lot in Pickerington, zoned C-3.

    Type:Land
    Lot size:
    1.40 Acres
    Added:
    Jan 31, 2024
    Days on Market:
    856
    Last Refresh:
    May 12 at 8:12 pm

    Property Features for 0 Windmiller Dr

    General Information

    Standard status
    Active
    Lot size
    1.40 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Kevin Strait

    Listing agent Kevin Strait License #274673

    Listing office Coldwell Banker Realty

    Listing date Jan 31, 2024

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty

    HighLights

    • Zoned C‑3 commercial lot in Pickerington.
    • Located off Windmiller Drive, a major connector road.
    • All utilities available, including gas.
    • Improved with extended stormwater system and building pad (approx. $50,000 value).
    • Close proximity to United Health Medical and Diley Ridge Medical Center.
    • Buildable area is over 1 acre.

    Overview

    This 1.4+- acre commercial lot is located in Pickerington and is zoned C-3. Situated off Windmiller Drive, a major connector road between Refugee Rd and Diley Road, the property is near United Health Medical and Diley Ridge Medical Center. All utilities are available, including gas. The owner has improved the lot by extending the storm water system from their current parking lot onto this lot. A building pad has been created for a future building. Total on-site improvements are approximately $50,000. The lot has a 75' gas easement across the back, which can be used as part of the required 50' rear setback; the buildable area is a little over 1 acre. The lot size is subject to a final survey paid by the Seller.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Pickerington
    County
    Fairfield
    State
    Ohio
    Longitude
    -82.777405
    Latitude
    39.9034447

    Nearby Similar for Sale

    • $399,900
      3,860 SF

      Fully Leased Multi-Tenant Office Building

      Corner-lot office asset in a downtown village district with dedicated parking and long-term tenant occupancy.
      38 E Columbus Street, Pickerington, OH 43147
      View Details
    • $450,000
      8,500 SF

      Prime Land for Retail/Office

      1-2 acre pad site ideal for retail or office.
      7995 Refugee Rd, Pickerington, OH 43147
      View Details
    • $275,000

      Pickerington, OH Land Opportunity

      9.3 acres to build your dream home.
      9941 Doty Road NW, Pickerington, OH 43147
      View Details
    • $540,000

      Pickerington Multifamily Property For Sale

      Multifamily property in Pickerington, OH, available for purchase.
      8993 Refugee Road, Pickerington, OH 43147
      View Details
    • $194,900

      Prime Corner Lot in Pickerington

      0.79-acre corner lot with utilities onsite in Pickerington, OH.
      7029 Blacklick-Eastern Road NW, Pickerington, OH 43147
      View Details
    • $2,250,000
      5,772 SF

      Pickerington Automotive Services Building For Sale

      5,772 SF automotive services building with new ten-year lease.
      809 Refugee Rd, Pickerington, OH
      View Details
    • $120,000

      Pickerington, OH Residential Lot

      Residential lot available in Pickerington, Ohio.
      7247 Drucilla Street, Pickerington, OH 43147
      View Details
    • $495,000

      Pickerington Commercial Land Opportunity

      7.9 acres of commercial land in Pickerington, Ohio.
      7995 Refugee Rd, Pickerington, OH
      View Details
    • $20
      2,080 SF

      Downtown Pickerington Office/Retail Space

      Two-story office/retail space in the heart of Downtown Pickerington.
      21 W Columbus St, Pickerington, OH 43147
      View Details
    • $7,111,111
      10,000 SF

      Pickerington, OH Learning Experience Facility

      10,000 SF early childhood education facility for sale.
      658 Commerce Dr, Pickerington, OH 43147
      View Details
    • $294,000

      Commercial Land in Pickerington, OH

      Commercial land available for sale or land lease in Pickerington.
      8260 Refugee Road, Pickerington, OH 43147
      View Details
    • $58,900

      Residential Land in Shawnee Crossing

      0.27-acre lot for custom home in Pickerington, OH.
      110 Tecumseh Court, Pickerington, OH 43147
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.4+- acre commercial lot in Pickerington, zoned C-3.
    Where is this commercial land located?
    The property is located at 0 Windmiller Dr Pickerington, OH.
    What is the asking price?
    The asking price for this property is $230,000.
    What are key features of this property?
    This property features: Zoned C‑3 commercial lot in Pickerington.; Located off Windmiller Drive, a major connector road.; All utilities available, including gas.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kevin Strait
    Real Estate License ID: 274673
    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 Windmiller Dr, Pickerington, OH 43147
    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!