Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Commercial Point Rd Circleville, OH 43113

    Property Lookup

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

    Commercial Point Rd Circleville, OH 43113

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

    Current Use by Public Records

    • Land

    Property Details for 0 Commercial Point Rd

    Property type
    Land

    Description

    This exceptional 662,983.2 square foot land parcel, located at 0 Commercial Point Road, Circleville, Ohio 43113, presents a unique investment opportunity. Situated in the desirable Westfall School District, this expansive 15-acre property offers unparalleled versatility. The generous lot size allows for a wide range of development possibilities, from constructing a custom-built home to establishing a hobby farm. The property's location provides a tranquil setting while remaining conveniently accessible. Buyers will appreciate the freedom to create their ideal vision on this sizable plot of land. Utilities are not currently connected to the property, and buyers should conduct their own due diligence regarding utility availability and connection costs. The asking price for this remarkable property is $399,900. This is a rare opportunity to acquire a significant land holding in a highly sought-after area. Serious inquiries are encouraged to explore the full potential of this exceptional property. The property is zoned for residential use, but buyers are advised to verify zoning regulations with the relevant authorities before making any development plans. This is a blank canvas awaiting your vision, offering a chance to build your dream in a peaceful, yet accessible location. Don't miss this chance to own a substantial piece of Ohio land.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Circleville
    County
    Pickaway
    State
    Ohio
    Longitude
    -83.0186
    Latitude
    39.6718

    Comparable in this City

    • Value Estimation by Request

      9197 State Route 188

      Land
      9197 State Route 188, Circleville, OH 43113
      View Details
    • Value Estimation by Request

      Bell Station Rd

      Land
      0 Bell Station Rd, Circleville, OH 43113
      View Details
    • Value Estimation by Request

      Shoemaker Rd

      Land
      0 Shoemaker Rd, Circleville, OH 43113
      View Details
    • Value Estimation by Request
      85.12 Acres

      Tarlton Rd

      Land • 85.12 Acres
      0 Tarlton Rd, Circleville, OH 43113
      View Details
    • Value Estimation by Request

      Old Tarlton Pike

      Land
      0 Old Tarlton Pike, Circleville, OH 43113
      View Details
    • Value Estimation by Request

      119 Hayward St

      Land
      119 Hayward St, Circleville, OH 43113
      View Details

    Similar Nearby for Sale

    • $3,255,000

      Land Available in Pickaway County

      Land for sale in Pickaway County, Ohio.
      612 Tarlton Rd, Circleville, OH 43113
      View Details
    • Contact for pricing

      Industrial Land on Tarlton Road

      92.45 acres of industrial land in Pickaway County.
      612 Tarlton Rd, Circleville, OH 43113
      View Details
    • Contact for pricing

      Development Land in Circleville, Ohio

      48.575 acres of development land in Circleville, Ohio.
      25460 Us Highway 23 S, Circleville, OH 43113
      View Details
    • $2,025,000

      Development Land Near Future Facility

      22.50 acres for development near future manufacturing facility.
      N Court St, Circleville, OH 43113
      View Details
    • $40,000
      0.16 Acres

      Residential Lot in Circleville, OH

      Residential lot with utilities and garage in Circleville, OH.
      375 Eva Dr, Circleville, OH 43113
      View Details
    • $2,800,000
      273,680 SF

      Prime Land in Circleville, OH

      Land for redevelopment near Circleville City Center.
      559 East Ohio St, Circleville, OH 43113
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Spaces Available For Lease

      Two retail spaces available in a convenient location.
      509 E Main St, Circleville, OH 43113
      View Details
    • $8 SF/Yr
      20,800 SF

      Office and Warehouse Space Available

      Two-story office and warehouse space for lease.
      1950 Stoneridge Dr, Circleville, OH 43113
      View Details
    • $495,000
      3,200 SF

      Renovated Flex-Warehouse on 1.5 Acres

      Newly renovated 3,200 SF flex-warehouse on 1.5 acres for rent.
      22840 Canal Rd, Circleville, OH 43113
      View Details
    • $17 SF/Yr
      3,150 SF

      Retail Space on Main Street

      Retail space with high visibility and ample parking available for lease.
      475 E Main St, Circleville, OH 43113
      View Details
    • Contact for pricing

      Retail Space in Circleville, Ohio

      Retail space anchored by Big Lots, near fairgrounds.
      201 Lancaster Pike, Circleville, OH 43113
      View Details
    • $3,500 /Mo
      57,120 SF

      Circleville Retail Space Available

      5,000 SF retail space for lease in Circleville, OH.
      120 Morris Rd, Circleville, OH 43113
      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.
    Commercial Point Rd
    Circleville, OH 43113
    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

    Commercial Point Rd, Circleville, OH, 43113

    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!