Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Harcourt Rd Mount Vernon, OH 43050
    Back to Search
    Property profile & analytics

    Harcourt Rd, Mount Vernon, OH 43050

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

    Current Use by Public Records

    • Specialty properties

    Property Details for 0 Harcourt Rd

    Property type
    Specialty properties

    Description

    This exceptional 7.025-acre parcel, situated at 0 Harcourt Road in Mount Vernon, Ohio, presents a compelling investment opportunity. Priced at $495,000, this special-purpose property boasts an expansive 305,791.2 square foot lot size. Its strategic location on Harcourt Road offers significant frontage, providing excellent visibility and accessibility. The property also benefits from direct access to the Kokosing River, adding to its unique appeal and potential development options. Located at the entrance to Foundation Park, this site enjoys additional frontage along the park's boulevard, enhancing its prominence and desirability. The property's M-1 zoning within Clinton Township opens doors to a wide array of development possibilities, making it an ideal canvas for creative and lucrative projects. This prime development land offers unparalleled potential for investors seeking a high-impact project in a thriving Ohio community. The 43050 zip code ensures convenient access to local amenities and transportation networks. This is a rare opportunity to acquire a substantial tract of land with exceptional features and significant development potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mount Vernon
    County
    Knox
    State
    Ohio
    Longitude
    -82.4753
    Latitude
    40.4019

    Comparable in this City

    • Value Estimation by Request

      Lot D Upper Gilchrist Rd

      Specialty properties
      0 Lot D Upper Gilchrist Rd, Mount Vernon, OH 43050
      View Details
    • Value Estimation by Request

      Lot #B Upper Gilchrist Rd

      Specialty properties
      0 Lot #B Upper Gilchrist Rd, Mount Vernon, OH 43050
      View Details
    • Value Estimation by Request
      0.20 Acres

      619 High St

      FUNERAL HOME
      619 High St, Mount Vernon, OH 43050-2748
      View Details
    • Value Estimation by Request
      0.20 Acres

      619 High St

      FUNERAL HOME
      619 High St, Mount Vernon, OH 43050-2748
      View Details
    • Value Estimation by Request
      5,312 SF

      619 High St

      FUNERAL HOME
      619 High St, Mount Vernon, OH 43050-2748
      View Details
    • Value Estimation by Request
      1,092 SF

      Canada Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS
      Canada Rd, Mount Vernon, OH 43050
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Special Purpose Property For Sale

      Special purpose commercial property available for purchase.
      Lot B Upper Gilchrist Rd, Mount Vernon, OH 43050
      View Details
    • $577,000

      Land for Sale

      Land available on Scott Road, Mount Vernon, OH.
      17970 Scott Rd, Mount Vernon, OH 43050
      View Details
    • $2,100,000

      Mount Vernon Industrial Facility

      97,000 SF industrial building with cranes and ample parking.
      105 N Sandusky St, Mount Vernon, OH 43050
      View Details
    • $649,998
      5,920 SF

      Commercial Garage Warehouse on State Route

      Commercial garage warehouse with high traffic count and expansion potential.
      800 N Sandusky St, Mount Vernon, OH 43050
      View Details
    • New
      $249,900
      0.18 Acres

      Mount Vernon Investment Opportunity

      Updated duplex in Mount Vernon, move-in ready, great investment potential.
      206 N Division St, Mount Vernon, OH 43050
      View Details
    • $375,000
      22.13 Acres

      Land Ideal for Dream Home

      22 acres in Mount Vernon, perfect for building and recreation.
      9730 Butcher Rd, Mount Vernon, OH 43050
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail Space on Coshocton

      High-traffic location leased to national retailer in Mount Vernon, Ohio.
      1061 Coshocton Ave, Mount Vernon, OH 43050
      View Details
    • Contact for pricing
      22,725 SF

      Mount Vernon Retail Space Available

      Retail space in Mount Vernon with high traffic and parking.
      921 Coshocton Rd, Mount Vernon, OH 43050
      View Details
    • $3 SF/Yr
      57,000 SF

      Heartland Commerce Park Warehouse

      57,000 SF Industrial Space Available
      105 Sandusky - Shipping & Receiving, Mount Vernon, OH 43050
      View Details
    • Contact for pricing
      1,450 SF

      Retail Space in Busy Center

      Retail space for lease in high-traffic Mt Vernon location.
      1558 Coshocton Ave, Mount Vernon, OH 43050
      View Details
    • $3 SF/Yr

      Mount Vernon Industrial Facility For Rent

      97,000 SF industrial space with cranes and office.
      105 N Sandusky St, Mount Vernon, OH 43050
      View Details
    • Contact for pricing

      Coshocton Avenue Commercial Property

      Versatile commercial property in high-traffic area, suitable for various businesses.
      1061 Coshocton Ave, Mount Vernon, OH 43050
      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.
    Harcourt Rd
    Mount Vernon, OH 43050
    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
    Harcourt Rd, Mount Vernon, OH, 43050
    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!