Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Township Road 56 Mount Perry, OH 43760

    Property Lookup

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

    Township Road 56 Mount Perry, OH 43760

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

    Current Use by Public Records

    • Land

    Property Details for 0 Township Road 56

    Property type
    Land

    Description

    This exceptional 497,019.6 square foot land parcel in Mount Perry, Ohio, presents a unique opportunity for various uses. Located at 0 Township Road 56 NE, this property offers a captivating blend of open and wooded areas. The front section boasts abundant sunlight and expansive views, perfect for enjoying the natural beauty of the Ohio countryside. The rear portion, cloaked in woodland, provides a secluded and private sanctuary, ideal for those seeking tranquility and escape. Situated in Perry County, this acreage offers the best of rural living with convenient access to nearby amenities. New Lexington, with its shops and services, is a mere 10 miles away, while Zanesville, offering a wider range of amenities, is only 25 miles distant. For those needing access to a larger city, Columbus is conveniently located within an hour's drive. The property's natural characteristics make it suitable for a variety of uses, including a private nature retreat, a hobby farm, or recreational pursuits. The asking price for this expansive land is $90,000. The property's zip code is 43760. This is an exceptional opportunity to acquire a substantial land parcel in a desirable rural setting with convenient access to urban centers. Don't miss this chance to own a piece of Ohio's beautiful countryside.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mount Perry
    County
    Perry
    State
    Ohio
    Longitude
    -82.1954
    Latitude
    39.8344

    Comparable in this City

    • Value Estimation by Request

      9077 Mulberry Rd

      Land
      9077 Mulberry Rd, Mount Perry, OH 43760
      View Details
    • Value Estimation by Request
      117.19 Acres

      145 Mount Perry Rd

      Land • 117.19 Acres
      145 Mount Perry Rd, Mount Perry, OH 43760
      View Details
    • Value Estimation by Request

      Wesley Chapel Rd

      Land
      0 Wesley Chapel Rd, Zanesville, OH 43760
      View Details
    • Value Estimation by Request
      5.00 Acres

      9441 Mulberry Rd

      Land • 5.00 Acres
      9441 Mulberry Rd, Mount Perry, OH 43760
      View Details
    • Value Estimation by Request

      9075 Mulberry Rd

      Land
      9075 Mulberry Rd, Mount Perry, OH 43760
      View Details
    • Value Estimation by Request
      1.09 Acres

      State Rt 22

      INDUSTRIAL - VACANT LAND • 1.09 Acres
      State Rt 22, Mount Perry, OH 43760
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      9075 Mulberry Road, Mount Perry, OH 43760

      Land
      9075 Mulberry Rd, Mount Perry, OH 43760
      View Details
    • $300,000
      17.50 Acres

      Land Near Buckeye Lake

      17.5 acres suitable for building or recreation in Ohio.
      Mulberry Rd SE, Mount Perry, OH 43760
      View Details
    • $219,000
      11.17 Acres

      Scenic Land Near Buckeye Lake

      11+ acres of natural beauty near Columbus and Buckeye Lake.
      Mulberry Rd, Mount Perry, OH 43760
      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.
    Township Road 56
    Mount Perry, OH 43760
    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!