Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Tent Rd Lancaster, OH 43130
    Back to Search
    Property profile & analytics

    Tent Rd, Lancaster, OH 43130

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Tent Rd

    Property type
    Land

    Description

    This exceptional 649,044 square foot residential land parcel presents a unique opportunity in Lancaster, Ohio. Located at 0 Tent Road NE, this elevated property boasts expansive country views, offering numerous potential homesite locations. The land features a hilltop meadow surrounded by woods, providing both commanding vistas and desirable privacy. Alternatively, a homesite could be developed closer to Tent Road, leaving the meadow and wooded areas for recreational or agricultural purposes. The property is subject to pending lot split approval from Fairfield County Regional Planning, offering flexibility for future development. There are no deed restrictions, allowing for a wide range of building possibilities. The property's size and location make it ideal for those seeking a secluded yet accessible setting to build their dream home. The address is 0 Tent Road NE, Lancaster, OH 43130, within Fairfield County. The asking price for this expansive property is $275,000. This is a rare opportunity to acquire a substantial piece of land with remarkable views and potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Fairfield
    State
    Ohio
    Longitude
    -82.4816
    Latitude
    39.7499

    Comparable in this City

    • Value Estimation by Request

      Coonpath Rd

      Land
      0 Coonpath Rd, Lancaster, OH 43130
      View Details
    • Value Estimation by Request

      341 Knollwood Dr

      Land
      341 Knollwood Dr, Lancaster, OH 43130
      View Details
    • Value Estimation by Request

      839 Rockmill Rd

      Land
      839 Rockmill Rd, Lancaster, OH 43130
      View Details
    • Value Estimation by Request

      255 Cleveland Ave

      Land
      255 Cleveland Ave, Lancaster, OH 43130
      View Details
    • Value Estimation by Request
      25.03 Acres

      Olde Rdg Ave

      Farms
      0 Olde Rdg Ave, Lancaster, OH 43130
      View Details
    • Value Estimation by Request

      4116 Wheeling Rd

      Land
      4116 Wheeling Rd, Lancaster, OH 43130
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Corner Lot in Downtown Lancaster

      Corner lot with utilities available in Lancaster downtown area.
      114 S Cedar Ave, Lancaster, OH 43130
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale, totaling 5,227.2 square feet.
      Jefferson Ave, Lancaster, OH 43130
      View Details
    • Contact for pricing

      Land Available in Lancaster, OH

      Land available with strong population and income demographics.
      N Memorial Dr, Lancaster, OH 43130
      View Details
    • $139,000
      5.09 Acres

      5-Acre Wooded Land Parcel

      5-acre wooded land parcel, ideal for building or recreation.
      Hamburg Rd SW, Lancaster, OH 43130
      View Details
    • Contact for pricing
      5,662 SF

      Vacant Lot in Lancaster, OH

      Vacant 5,719 SF lot with utility access.
      157 Cedar Hill Rd, Lancaster, OH 43130
      View Details
    • $399,000
      815,007 SF

      18-Acre Lot with Golf Features

      18-acre lot with stream, putting greens, and mature trees.
      160 Coonpath Rd Northeast, Lancaster, OH 43130
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land For Lease

      Land available for lease.
      1355 Ety Rd NW, Lancaster, OH 43130
      View Details
    • Contact for pricing

      Land For Rent Lancaster, OH

      Land available for rent in Lancaster, Ohio.
      2845 Columbus Lancaster Rd NW, Lancaster, OH 43130
      View Details
    • Contact for pricing

      Land for Rent Lancaster, OH

      Land available for rent in Lancaster, Ohio.
      606 Lincoln Ave, Lancaster, OH 43130
      View Details
    • Contact for pricing

      Commercial Pad Site for Lease

      Commercial land available for ground lease in Lancaster, Ohio.
      1355 Ety Pointe Dr NW, Lancaster, OH 43130
      View Details
    • Contact for pricing

      New Office Buildings in Lancaster

      New office spaces available in Lancaster's business corridor.
      2656 N Columbus St, Lancaster, OH 43130
      View Details
    • Contact for pricing

      Lancaster Shopping Center Retail Space

      Retail spaces available in Lancaster Shopping Center.
      1710 E Main St, Lancaster, OH 43130
      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.
    Tent Rd
    Lancaster, OH 43130
    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
    Tent Rd, Lancaster, OH, 43130
    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!