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    OFF-MARKET
    Land

    0 16 School Rd, Wellsville, OH 43968

    509 ac lot
    Property ID
    Property summary
    AI-generated overview

    This court-ordered auction presents a unique opportunity to acquire approximately 509 acres of land spanning Columbiana and Jefferson Counties, Ohio. The property comprises fifteen parcels totaling 495 acres in Columbiana County and one additional parcel exceeding 14 acres in Jefferson County. All parcels are contiguous, offering significant potential for various uses. The land is a mix of vacant and wooded areas. The sheriff's appraised value is $1,530,000, with a minimum opening bid of $1,025,100. A 10% buyer's premium will be added to the final bid. A $10,000 deposit (certified check or wire transfer) is required within 72 hours of the sale, with the full balance due within 30 days. The buyer is responsible for all closing costs. The sale is subject to confirmation and the property is sold "as is." A final viewing is available one hour before the auction, scheduled for Thursday, November 21, 2024, at 4:00 PM. Online bidding begins Thursday, October 31, 2024. If the property remains unsold, a second auction will be held on Thursday, December 5, 2024, at 4:00 PM, without a minimum bid requirement. The property is located at 21595 Sixteen School Road, Wellsville, OH 43968.

    Property profile
    Verified
    Property type Land
    Lot 509 ac (22,172,040 SF)
    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
    AI Approach AI
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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