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    Oh-7 Columbiana, OH 44408
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    Oh-7, Columbiana, OH 44408

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    • Land
    • 5.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Oh-7

    Lot size
    5.00 lot acres
    Property type
    Land

    Description

    This exceptional 5-6 acre commercial land parcel presents a unique investment opportunity in Columbiana, Ohio. Strategically located on State Route 7 (OH-7), this property enjoys high visibility and convenient access to major roadways. Its proximity to the intersection of SR 7 and SR 14, as well as the prestigious Links at Firestone Farms, ensures significant exposure to a substantial customer base. The site is situated just south of Heck Road, offering further accessibility and adjacency to Athletix, creating synergistic potential for various commercial ventures. The land is available for both sale and lease, providing flexibility for prospective buyers and tenants. Detailed site surveys and zoning information are readily available upon request. This prime location offers unparalleled potential for a wide range of commercial developments, from retail and hospitality to industrial and office spaces. The property's size and location make it an ideal candidate for businesses seeking a prominent presence in a thriving community. Serious inquiries are encouraged to explore this exceptional opportunity. The property is situated in Columbiana County, Ohio, with a zip code of 44408. Its geographical coordinates are 40.892103015694005 latitude and -80.65089843888101 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Columbiana
    County
    Columbiana
    State
    Ohio
    Longitude
    -80.6509
    Latitude
    40.8921

    Comparable in this City

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      15.00 Acres

      43429 County Line Rd

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      20.00 Acres

      Sponseller Rd

      Land
      0 Sponseller Rd, Columbiana, OH 44408
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      Main St

      COMMERCIAL (GENERAL)
      Main St, Columbiana, OH 44408
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      4.27 Acres

      New Castle Rd

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      0.01 Acres

      Enterprise Al

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      1.30 Acres

      169 Duquesne St

      COMMERCIAL (GENERAL)
      169 Duquesne St, Columbiana, OH 44408-1636
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    Similar Nearby for Sale

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      Land Available For Sale

      Land available for sale.
      Sponseller Rd, Columbiana, OH 44408
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      Land Available Near Kent State

      Land for sale or lease near Kent State University.
      14450 South Ave, Columbiana, OH 44408
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      Land Available on State Route

      5-6 acres of land available for sale or lease.
      Oh-7, Columbiana, OH 44408
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      Columbiana Cleared Farmland for Sale

      42.5 acres of cleared farmland zoned for industrial use.
      42059 Oh-344, Columbiana, OH 44408
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    • New
      $85,000
      Pending

      Land in Columbiana, Ohio

      Residential land available in Columbiana, Ohio.
      Terra Verde Ave, Columbiana, OH 44408
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      Commercial Outparcel Near Retail Shops

      0.78 acre outparcel near retail, restaurants, and residential.
      14450 South Ave, Columbiana, OH 44408
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    Similar Nearby for Lease

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      3,375 SF

      Columbiana Office Space Available

      Office space available for rent in Columbiana, Ohio.
      225 E State Route 14, Columbiana, OH 44408
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      2,212 SF

      Freestanding Retail Building in Columbiana

      Former Rite Aid available for lease in Columbiana, Ohio.
      14941 South Ave, Columbiana, OH 44408
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      864 SF

      Columbiana Office Space For Rent

      Office space in Columbiana, currently a chiropractor’s office.
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      Versatile Flex/Warehouse Space in Columbiana

      5,184 SF flex/warehouse with renovated office and modern amenities.
      1370 Wardingley Ave, Columbiana, OH 44408
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      7,773 SF

      Columbiana Retail Space Available

      Inline retail space with ample parking and highway access.
      1112 Village Plz, Columbiana, OH 44408
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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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