Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    State Route 29 Urbana, OH 43078
    Property profile & analytics

    State Route 29 Urbana, OH 43078

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

    Current Use by Public Records

    • Land

    Property Details for 0 State Route 29

    Property type
    Land

    Description

    This exceptional 5.876-acre parcel presents a unique opportunity for development in Urbana, Ohio. Situated on the southeast corner of State Route 29 and South Dugan Road, this vacant land offers significant potential for a variety of uses. Imagine building a new home, establishing a mini-farm, or pursuing other ventures on this expansive lot. The property's generous size allows ample space for a primary residence and outbuildings, providing flexibility for your vision. Conveniently located just outside the Urbana city limits, in Urbana Township, this country setting offers a peaceful retreat while remaining minutes away from essential amenities. The nearby Kroger and Walmart shopping plazas, along with the restaurants and shops on the Scioto Street corridor, provide easy access to daily conveniences. The area is experiencing growth, with several new homes either recently completed or currently under construction in the immediate vicinity, indicating a thriving and desirable neighborhood. This 256,132.8 square foot lot is priced at $289,900 and presents a compelling investment opportunity in a prime location. Don't miss this chance to acquire this exceptional piece of land and bring your vision to life.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Urbana
    County
    Champaign
    State
    Ohio
    Longitude
    -83.6472
    Latitude
    40.0804

    Comparable in this City

    • Value Estimation by Request

      Oh-296

      Land
      0 Oh-296, Urbana, OH 43078
      View Details
    • Value Estimation by Request
      1.02 Acres

      1840 Us Rte

      Land • 1.02 Acres
      1840 Us Rte, Urbana, OH 43078
      View Details
    • Value Estimation by Request

      1073 Main St

      Land
      1073 Main St, Urbana, OH 43078
      View Details
    • Value Estimation by Request
      0.17 Acres

      Us Hwy 36

      VACANT COMMERCIAL LAND • 0.17 Acres
      Us Hwy 36, Urbana, OH 43078
      View Details
    • Value Estimation by Request
      0.40 Acres

      Us Hwy 68

      VACANT COMMERCIAL LAND • 0.40 Acres
      Us Hwy 68, Urbana, OH 43078
      View Details
    • Value Estimation by Request
      3.58 Acres

      Us Hwy 68

      VACANT COMMERCIAL LAND • 3.58 Acres
      Us Hwy 68, Urbana, OH 43078
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale Urbana

      Land available for sale in Urbana, Ohio.
      E Us Highway 36, Urbana, OH 43078
      View Details
    • Contact for pricing

      Land For Sale

      Land available for purchase.
      741 Scioto St, Urbana, OH 43078
      View Details
    • $309,900
      9.11 Acres

      9.11 Acres Building Lot

      9.11-acre building lot with pond in established rural neighborhood.
      3695 State Route 55, Urbana, OH 43078
      View Details
    • $95,000
      1.94 Acres

      Urbana Residential Lot Opportunity

      1.94-acre residential lot near Urbana's amenities.
      E State Route 29, Urbana, OH 43078
      View Details
    • $85,000
      1.42 Acres

      Residential Lot in Urbana Township

      1.42-acre lot near amenities, ideal for custom home.
      E State Route 29, Urbana, OH 43078
      View Details
    • $147,900
      4.00 Acres

      Land in Graham School District

      4+/- acre lot ideal for building your dream home.
      Millerstown Rd, Urbana, OH 43078
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Scioto Street Land For Rent

      Land available for rent on Scioto Street, Urbana, OH.
      707-747 Scioto St, Urbana, OH 43078
      View Details
    • Contact for pricing

      Office and Industrial Space Available

      Single tenant office and industrial space for lease.
      720 S Edgewood Ave, Urbana, OH 43078
      View Details
    • $12 SF/Yr
      3,943 SF

      Retail Property in Urbana, Ohio

      Retail property available for lease in Urbana, Ohio.
      1637 East Us Highway 36, Urbana, OH 43078
      View Details
    • Contact for pricing
      3,208 SF

      Office Space for Rent

      Office space available for lease in Urbana, Ohio.
      200 S Main St, Urbana, OH 43078
      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.
    State Route 29
    Urbana, OH 43078
    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
    State Route 29, Urbana, OH, 43078
    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!