Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Scioto Dr Heath, OH 43056

    Property Lookup

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

    Scioto Dr Heath, OH 43056

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

    Current Use by Public Records

    • Land

    Property Details for 0 Scioto Dr

    Lot size
    0.59 lot acres
    Property type
    Land

    Description

    This exceptional 0.59-acre commercial lot, located on Scioto Drive in Heath, Ohio (zip code 43056, APN 080-330576-00.008), presents a remarkable opportunity for investors and developers. Zoned B-3 General Business Commercial, this property offers significant potential for a variety of uses, including the possibility of multi-family development. The lot boasts excellent road frontage and visibility on State Route 79, providing ideal signage opportunities for increased business exposure. All utilities are readily available, simplifying the development process. This versatile property is being offered for sale, lease, lease-purchase, or build-to-suit options, providing flexibility to meet diverse business needs. The asking price is $173,500. This prime location in Licking County, Ohio, offers easy access to major transportation routes and a thriving local community. Don't miss this chance to acquire a highly desirable commercial property in a rapidly growing area. The property's location offers significant advantages for businesses seeking high visibility and convenient access. The flexibility of sale, lease, lease-purchase, and build-to-suit options makes this an attractive investment for a wide range of potential buyers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Heath
    County
    Licking
    State
    Ohio
    Longitude
    -82.4687
    Latitude
    39.9972

    Comparable in this City

    • Value Estimation by Request

      Scioto Dr

      Multifamily properties
      0 Scioto Dr, Heath, OH 43056
      View Details
    • Value Estimation by Request
      44.00 Acres

      9520 Jacksontown Rd

      Farms • 44.00 Acres
      9520 Jacksontown Rd, Newark, OH 43056
      View Details
    • Value Estimation by Request

      5801 Stoney Hill Rd

      Land
      5801 Stoney Hill Rd, Newark, OH 43056
      View Details
    • Value Estimation by Request

      1900 Thornwood Dr

      Land
      1900 Thornwood Dr, Heath, OH 43056
      View Details
    • Value Estimation by Request

      382 Laurel Oaks Ln

      Land
      382 Laurel Oaks Ln, Heath, OH 43056
      View Details
    • Value Estimation by Request

      5067 Jacksontown Rd

      Land
      5067 Jacksontown Rd, Heath, OH 43056
      View Details

    Similar Nearby for Sale

    • $399,000
      26.61 Acres

      26 Acres of Land

      26.61 acres of land for building a dream home.
      6063 Pleasant Chapel Rd, Newark, OH 43056
      View Details
    • Contact for pricing

      Buildable Land with City Access

      Land with access to utilities in Heath, Ohio.
      9520 Jacksontown Rd SE, Heath, OH 43056
      View Details
    • Contact for pricing

      100-Acre Site Near Interstate 70

      100-acre site with tax exemption, near St. Rt. 79.
      9 Thornwood Dr SW, Newark, OH 43056
      View Details
    • Contact for pricing

      Ready-To-Build Rail-Served Site

      35+/- acre rail-served site in Heath, Ohio.
      James Pkwy, Heath, OH 43056
      View Details
    • Contact for pricing

      Commercial Land For Lease

      Approximately 2.3 acre redevelopment opportunity in Qualified Opportunity Zone.
      733 Hebron Rd, Heath, OH 43056
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2 SF

      Prime Land for Lease

      Two-acre commercial land available for lease with high visibility.
      833 South 30Th St, Heath, OH 43056
      View Details
    • Contact for pricing

      Land for Lease Opportunity

      2 acres available for ground lease with high traffic visibility.
      901 Hebron Rd, Heath, OH 43056
      View Details
    • Contact for pricing

      New Flex Space For Lease

      New flex suites with office space and drive-in doors.
      699 Hopewell Dr, Heath, OH 43056
      View Details
    • Contact for pricing
      2,730 SF

      Retail Space in Heath, Ohio

      Retail space available in established shopping center.
      911 Hebron Rd, Heath, OH 43056
      View Details
    • Contact for pricing

      Stand-Alone Industrial Building For Lease

      Light industrial space with drive-in door access, ready for occupancy.
      831 Irving Wick Dr W, Heath, OH 43056
      View Details
    • Contact for pricing
      2,020 SF

      Grocery-Anchored Shopping Center Space

      Retail space available in a busy shopping center.
      533 Hebron Rd, Heath, OH 43056
      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.
    Scioto Dr
    Heath, OH 43056
    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!