Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Blue Jacket Dr Bellefontaine, OH 43311

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Blue Jacket Dr Bellefontaine, OH 43311

    View on Map
    • Apartment buildings
    • 21,601 SF
    • 0.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 0 Blue Jacket Dr

    Lot size
    0.50 lot acres
    Property size
    21,601 SF
    Property type
    Apartment buildings

    Description

    This exceptional investment opportunity presents a single-unit apartment building in Bellefontaine, Ohio, situated on a 0.5-acre lot. The property boasts 21,601 square feet and is listed at $997,943, translating to a price per square foot of $46.20. The building is a single-story structure, offering significant redevelopment potential. Its prime location in downtown Shawnee offers excellent access to area amenities, making it an attractive proposition for investors. The property is strategically located within an Opportunity Zone, providing potential tax advantages. Furthermore, this property is part of a larger assemblage, offering the possibility of acquiring an entire city block. The convenient location is less than 30 minutes from Kansas City International Airport and 15 minutes from downtown Kansas City, enhancing its appeal and accessibility. This is a rare chance to acquire a well-positioned asset with considerable upside potential in a thriving area. The property's size and location make it ideal for various investment strategies, from renovation and rental income generation to potential redevelopment projects. Serious inquiries are encouraged to explore this unique opportunity further.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bellefontaine
    County
    Logan
    State
    Ohio
    Longitude
    -83.751
    Latitude
    40.3518

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      Shady Ln Dr

      APARTMENT HOUSE (5+ UNITS) • 1.00 Acre
      Shady Ln Dr, Bellefontaine, OH 43311
      View Details
    • Value Estimation by Request
      2,492 SF

      720 Columbus Ave

      APARTMENT HOUSE (5+ UNITS) • 2,492 SF
      720 Columbus Ave, Bellefontaine, OH 43311-1137
      View Details
    • Value Estimation by Request
      3,240 SF

      332 Garfield Ave

      APARTMENT HOUSE (5+ UNITS) • 3,240 SF
      332 Garfield Ave, Bellefontaine, OH 43311-1481
      View Details
    • Value Estimation by Request

      116 Spruce Ave

      Multifamily properties
      116 Spruce Ave, Bellefontaine, OH 43311
      View Details
    • Value Estimation by Request

      505 Ludlow Rd

      Multifamily properties
      505 Ludlow Rd, Bellefontaine, OH 43311
      View Details
    • Value Estimation by Request
      3,712 SF

      500 Gunntown Rd

      APARTMENT HOUSE (5+ UNITS) • 3,712 SF
      500 Gunntown Rd, Bellefontaine, OH 43311-9010
      View Details

    Similar Nearby for Sale

    • New
      $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 St, Bellefontaine, OH 43311
      View Details
    • New
      $219,900
      2,792 SF

      Bellefontaine Duplex with Rental Income

      Two spacious units, generating $2,350 monthly rental income.
      300 W Sandusky Ave, Bellefontaine, OH 43311
      View Details
    • Contact for pricing

      Income-Producing Duplex in Bellefontaine

      Well-maintained duplex with two income-generating units, fully leased.
      605 N Detroit St, Bellefontaine, OH 43311
      View Details
    • $1,400,000
      2,568 SF

      Prime Commercial Opportunity on Main

      4.5-acre lot in Bellefontaine's business district.
      1433 S Main St, Bellefontaine, OH 43311
      View Details
    • Contact for pricing

      Prime Commercial Land on Main

      1.15 acres with 364 feet of road frontage.
      333 S Main St, Bellefontaine, OH 43311
      View Details
    • $49,500
      0.22 Acres

      Commercial Land in Bellefontaine, OH

      Two parcels with road frontage, zoned commercial and residential.
      W Columbus Ave, Bellefontaine, OH 43311
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Downtown Bellefontaine

      Charming retail space near shops, dining, and cultural attractions.
      143 N Main St, Bellefontaine, OH 43311
      View Details
    • $7 SF/Yr
      105,000 SF

      Bellefontaine Distribution & Logistics Space

      105,000 SF industrial space ideal for distribution and logistics.
      1 Hunter Pl, Bellefontaine, OH 43311
      View Details
    • $1,250 /Mo
      281 SF

      Downtown Bellefontaine Office Suite

      Serviced office in historic downtown Bellefontaine with included amenities.
      116 E Ct Ave Unit, Bellefontaine, OH 43311
      View Details
    • $799 /Mo
      200 SF

      Bellefontaine Coworking Office Space

      200 sq ft coworking space for 1-3 professionals.
      139 W Columbus Ave Unit, Bellefontaine, OH 43311
      View Details
    • Contact for pricing

      Grocery-Anchored Shopping Center For Rent

      High-performing shopping center anchored by Kroger in Bellefontaine, OH.
      2129 S Main St, Bellefontaine, OH 43311
      View Details
    • $1,000 /Mo
      400 SF

      Furnished Office Suite in Bellefontaine

      Fully furnished office suite with all-inclusive utilities and premium amenities.
      139 W Columbus Ave Unit, Bellefontaine, OH 43311
      View Details
    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.
    Blue Jacket Dr
    Bellefontaine, OH 43311
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!