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    Lockbourne Eastern Rd Ashville, OH 43103

    • Land
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Lockbourne Eastern Rd

    Property type
    Land

    Description

    This exceptional 905,612.4 sq ft property in Ashville, Ohio (APN: F16-0-001-00-013-01 and F16-0-001-00-012-01), is ideally situated near the Rickenbacker Intermodal Project. Priced at $2,450,000, this land offers significant development potential. The property comprises two parcels; one features a house and garage, while the larger parcel is wooded. Crucially, rezoning from residential to warehouse use was approved in April 2022, and a site plan has already received approval, streamlining the development process. This prime location, coupled with the approved zoning and site plan, presents a unique opportunity for investors seeking to capitalize on the burgeoning industrial activity surrounding the Rickenbacker Intermodal Project. The substantial lot size provides ample space for a variety of industrial developments, making this a highly attractive investment prospect. This is a turnkey opportunity for immediate development. The property is located at 0 Lockbourne Eastern Road, Ashville, OH 43103.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ashville
    County
    Pickaway
    State
    Ohio
    Longitude
    -82.9452
    Latitude
    39.6986

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    Lockbourne Eastern Rd
    Ashville, OH 43103
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    Realmo Value Estimation

    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.

    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.

    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
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