Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6598 North St Granville, OH 43023

    Property Lookup

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

    6598 North St Granville, OH 43023

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

    Current Use by Public Records

    • Land

    Property Details for 6598 North St

    Property type
    Land

    Description

    This exceptional one-acre property in Granville, Ohio, presents a unique investment opportunity. Located just outside Fredonia and within the North Fork school district, the land comprises five parcels totaling 43,560 square feet (approximately one acre). The property includes two currently rented mobile homes. Mobile home #C features two bedrooms, one bathroom, a kitchen, and a living room. Mobile home #B offers similar amenities, including two bedrooms, a remodeled bathroom, kitchen, and living room. Each mobile home has its own propane tank and septic system, sharing a single well. The individual parcel numbers are: 046-156996-00.000 (.26 acres), 046-157008-00.000 (.11 acres), 046-157002-00.000 (.12 acres), 046-156936-00.000 (.26 acres), and 046-156924-00.000 (.25 acres). The zoning allows for residential and agricultural use only, prohibiting the placement of new mobile homes. However, construction of a new house is permitted, with a minimum square footage requirement of 1300 square feet. The asking price for this property is $100,000. This presents a compelling opportunity for investors seeking rental income and future development potential. The property's location in Granville, Ohio, zip code 43023, offers a desirable residential setting.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Granville
    County
    Licking
    State
    Ohio
    Longitude
    -82.5199
    Latitude
    40.1505

    Comparable in this City

    • Value Estimation by Request

      5 Mockingbird Ln

      Land
      5 Mockingbird Ln, Granville, OH 43023
      View Details
    • Value Estimation by Request

      Columbus Rd

      Land
      0 Columbus Rd, Granville, OH 43023
      View Details
    • Value Estimation by Request

      9 Orchard Dr

      Land
      9 Orchard Dr, Granville, OH 43023
      View Details
    • Value Estimation by Request

      8 Mockingbird Ln

      Land
      8 Mockingbird Ln, Granville, OH 43023
      View Details
    • Value Estimation by Request

      Welsh Ln

      Land
      0 Welsh Ln, Granville, OH 43023
      View Details
    • Value Estimation by Request

      2984 Canyon Rd

      Land
      2984 Canyon Rd, Granville, OH 43023
      View Details

    Similar Nearby for Sale

    • $409,900

      Granville, OH Land For Sale

      Land available in Licking County, Granville, Ohio.
      2751 Silver St, Granville, OH 43023
      View Details
    • Contact for pricing

      Land Available in Granville, OH

      Land for sale at 1851 Lancaster Rd, Granville, OH
      1851 Lancaster Rd, Granville, OH 43023
      View Details
    • $1,060,000

      Corner Lot Near Columbus, Ohio

      Corner lot, 20 minutes from Columbus and near I-70.
      5287 Outville Rd, Granville, OH 43023
      View Details
    • $550,000
      5.15 Acres

      Granville Land with Sunset Views

      5+ acre lot in Glyn Carin Stables neighborhood.
      135 Glyn Carin Ln, Granville, OH 43023
      View Details
    • $199,900
      1.22 Acres

      Granville, OH Land Opportunity

      1.22 acre commercial land for sale in Granville, OH.
      5945 Columbus Rd, Granville, OH 43023
      View Details
    • $448,000
      7.45 Acres

      Granville Land for Custom Home

      7.45 acre homesite in Granville Village School District.
      3343 Hayes Rd, Granville, OH 43023
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Available For Lease

      Land available for lease at 1310 Columbus Rd SW, Granville, OH.
      1310 Columbus Rd SW, Granville, OH 43023
      View Details
    • Contact for pricing

      Commercial Development Land Opportunity

      Vacant commercial land near Granville and Denison University.
      1904 Lancaster Rd, Granville, OH 43023
      View Details
    • Contact for pricing

      Commercial Development Land Opportunity

      Vacant commercial land near Denison University and Intel site.
      1904 Lancaster Rd, Granville, OH 43023
      View Details
    • Contact for pricing
      11,360 SF

      Retail Space on Columbus Road

      Retail space for rent in Granville Township, Licking County.
      1810 Columbus Rd, Granville, OH 43023
      View Details
    • $3,000 /Mo

      Updated Granville Property with Charm

      Updated property blending historic charm with modern convenience in Granville.
      124 S Pearl St, Granville, OH 43023
      View Details
    • Contact for pricing

      Medical Office Space Available

      Medical office space for rent with multiple exam rooms.
      2750 Newark Granville Rd, Granville, OH 43023
      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.
    6598 North St
    Granville, OH 43023
    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!