Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Columbus Lancaster Rd Carroll, OH 43130
    Property profile & analytics

    Columbus Lancaster Rd, Carroll, OH 43130

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

    Current Use by Public Records

    • Land

    Property Details for 0 Columbus Lancaster Rd

    Lot size
    3.26 lot acres
    Property type
    Land

    Description

    This exceptional 3.26-acre commercial land parcel in Lancaster, Ohio, presents a remarkable investment opportunity. Located at 0 Columbus-Lancaster Road (Memorial Drive), the property boasts a highly desirable location with exceptional visibility and accessibility. Zoned Commercial General (CG), this pad-ready site offers immediate development potential. The lot features all turning movements directly off the four-lane Memorial Drive, ensuring convenient access for customers and employees. Its strategic position provides unparalleled exposure, situated next to a Lowe's and adjacent to a 90,000 square foot medical center complex. Furthermore, the property enjoys a prime location directly across the street from the River Valley Mall, placing it within a thriving retail corridor. Nearby businesses include Bob Evans, Olive Garden, White Castle, Kohl's, Menards, Super Walmart, and Giant Eagle, indicating a strong and established commercial presence. The property's APN is 05-32239-420, and it's situated in Fairfield County, Ohio, with a zip code of 43130. The asking price for this exceptional opportunity is $1,100,000. Don't miss this chance to secure a premier commercial location in a high-traffic area with significant growth potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Carroll
    County
    Fairfield
    State
    Ohio
    Longitude
    -82.6324
    Latitude
    39.738

    Comparable in this City

    • Value Estimation by Request

      Canal St

      Land
      0 Canal St, Lancaster, OH 43130
      View Details
    • Value Estimation by Request
      3.17 Acres

      Columbus St

      Land
      0 Columbus St, Lancaster, OH 43130
      View Details
    • Value Estimation by Request
      87.32 Acres

      3795 Wilson Rd

      Land
      3795 Wilson Rd, Lancaster, OH 43130
      View Details
    • Value Estimation by Request

      Slocum Ave

      Office Spaces
      0 Slocum Ave, Lancaster, OH 43130
      View Details
    • Value Estimation by Request

      Memorial Dr

      Land
      0 Memorial Dr, Lancaster, OH 43130
      View Details
    • Value Estimation by Request

      Memorial Dr

      Office Spaces
      0 Memorial Dr, 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
    • $221,700

      Land For Sale

      Land available in Fairfield County.
      1750 Coonpath Rd NE Tract 5, 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
    • $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 Rent Lancaster, OH

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

      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
      1,571 SF

      Lancaster Retail Space For Rent

      Retail space available for lease in Lancaster, Ohio.
      1621-1739 N Memorial Dr, Lancaster, OH 43130
      View Details
    • Contact for pricing

      Retail Space Inside Meijer Store

      Prime retail spaces available within high-traffic Meijer stores.
      2900 Columbus-Lancaster Rd NW, 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.
    Columbus Lancaster Rd
    Carroll, 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
    Columbus Lancaster Rd, Carroll, 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!