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    Property profile & analytics

    Cook Yankeetown Rd Mount Sterling, OH 43143

    • Land
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Cook Yankeetown Rd

    Property type
    Land

    Description

    This exceptional 5-acre lot, encompassing 218,235.6 square feet, presents a unique opportunity to build your dream home in a serene setting. Located at 0 Cook Yankeetown Road NE, Mount Sterling, Ohio 43143, this property boasts an incredibly private and peaceful atmosphere, ideal for those seeking tranquility while remaining conveniently close to urban amenities. The land is situated just 35 minutes from Columbus, offering easy access to the city's vibrant culture, employment opportunities, and diverse services. For outdoor enthusiasts, Deer Creek State Park is a mere 5 minutes away, providing ample recreational opportunities. The property's expansive size allows for ample space to design and construct a custom home, incorporating landscaping and outdoor features to complement the natural beauty of the surroundings. The Fayette County location adds to the appeal, offering a blend of rural charm and convenient access to urban conveniences. This is a rare opportunity to acquire a substantial parcel of land in a highly desirable location, perfect for building a custom home and enjoying a peaceful lifestyle. The asking price for this remarkable property is $219,900. Don't miss this chance to own a piece of Ohio's tranquil countryside.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mount Sterling
    County
    Fayette
    State
    Ohio
    Longitude
    -83.3041
    Latitude
    39.6826

    Comparable in this City

    • Value Estimation by Request

      Yankeetown Pike

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      7.86 Acres

      15812 Oh-56

      Manufacturing properties • 12,038 SF
      15812 Oh-56, Mount Sterling, OH 43143
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      Yankeetown Pike

      Land
      0 Yankeetown Pike, Mount Sterling, OH 43143
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      Deer Creek Rd

      Land
      0 Deer Creek Rd, Mount Sterling, OH 43143
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      404.65 Acres

      14533 Oh-56

      Land • 404.65 Acres
      14533 Oh-56, Mount Sterling, OH 43143
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    • Value Estimation by Request

      11260 State Route 56

      Land
      11260 State Route 56, Mount Sterling, OH 43143
      View Details

    Similar Nearby for Sale

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      Prime Mount Sterling Land - 4 Acres

      Build your dream home or farm. Excellent I-71 access.
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      404.65 Acres

      Prime Commercial Land Near Columbus, OH

      404 Acres, Excellent I-71 Access
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      Industrial Land Near I-71

      Land with utilities access near Mt. Sterling industrial park.
      14533 State Route 56 SE, Mount Sterling, OH 43143
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    Mount Sterling, OH 43143
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    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
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