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Property profile & analytics
OFF-MARKET
Land

10217 Morse Rd Pataskala, OH 43062

Property ID
Property summary
AI-generated overview

This exceptional 60-acre agricultural property, known as the Hobbs Estate Farm, presents a unique investment opportunity in Licking County, Ohio. Located just 0.6 miles west of the intersection of Morse Road and State Route 310 in Jersey Township, this farm boasts significant frontage—approximately 1,200 feet—along Morse Road, providing excellent accessibility and high visibility. The property includes a 1,600 square foot home and four substantial agricultural buildings totaling over 14,200 square feet, including a 3,600 square foot flat barn. Additional infrastructure includes two steel silos, a milk house, and two sheds. The farm's agricultural potential is underscored by an average corn yield of 200-225 bushels per acre and soybean yields of 60-70 bushels per acre, with land rental rates averaging $230 per acre. Conveniently situated within the service area of Southwest Licking Water & Sewer, with infrastructure readily accessible near Morse Road and State Route 310. The property is zoned agricultural, suitable for various farming operations or potential future development. Importantly, the seller is unaware of any wetlands or floodplain areas on the property. A significant advantage is the availability of an adjacent 64-acre parcel for purchase from a neighboring landowner, offering a substantial opportunity to expand the land holdings. This property is being offered unpriced and is open to offers.

Property profile
Verified
Property type Land
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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