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    Etna Pkwy Etna, OH 43018

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    Etna Pkwy Etna, OH 43018

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    • Land
    • 65.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Etna Pkwy

    Lot size
    65.00 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 65-acre parcel of land presents a unique opportunity for industrial development in Etna, Ohio. Strategically located off Etna Parkway, the property boasts convenient access to Interstate 70 via the newly improved five-lane State Route 310 interchange, ensuring seamless transportation and logistics. The M-1 zoning allows for a wide range of industrial uses, making it ideal for various businesses. The site is conveniently situated within a 45-minute drive of a substantial workforce of 1.8 million people, providing access to a large pool of potential employees. Its proximity to John Glenn International Airport further enhances its appeal for companies requiring air freight capabilities. Etna's pro-business environment is evident in its thriving industrial sector, with established companies such as Ascena, Amazon, Yankee Candle, and Kohl's already operating in the area. The property is fully serviced by Southwest Licking Water & Sewer, eliminating infrastructure concerns. Furthermore, the site is shovel-ready, and a pre-negotiated 15-year, 100% tax abatement is in place, significantly reducing development costs and offering substantial long-term financial advantages. This combination of location, infrastructure, zoning, and incentives makes this 65-acre tract an exceptional investment opportunity for industrial development in a rapidly growing region. The property is divisible, offering flexibility for various project sizes.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Etna
    County
    Licking
    State
    Ohio
    Longitude
    -82.6855
    Latitude
    39.9562

    Comparable in this City

    • Value Estimation by Request
      13,139 SF

      9756 National SW Rd

      FOOD PROCESSING • 13,139 SF
      9756 National SW Rd, Etna, OH 43018-9037
      View Details
    • Value Estimation by Request
      0.36 Acres

      St SW St

      VACANT COMMERCIAL LAND • 0.36 Acres
      St SW St, Etna, OH 43018
      View Details
    • Value Estimation by Request
      0.20 Acres

      1063 Pike SW St

      VACANT COMMERCIAL LAND • 2,640 SF
      1063 Pike SW St, Etna, OH 43018
      View Details
    • Value Estimation by Request
      0.28 Acres

      997 Pike SW St

      VACANT COMMERCIAL LAND • 0.28 Acres
      997 Pike SW St, Etna, OH 43018
      View Details
    • Value Estimation by Request
      0.20 Acres

      1063 Pike SW St

      VACANT COMMERCIAL LAND • 5,708 SF
      1063 Pike SW St, Etna, OH 43018
      View Details
    • Value Estimation
      $3,150,000
      23,167 SF

      500 Pike SW St

      COMMERCIAL (GENERAL) • 23,167 SF
      500 Pike SW St, Etna, OH 43018-9002
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      65 Acres of Zoned Land

      65 acres of divisible land for sale, zoned M-1.
      Etna Pkwy, Etna, OH 43018
      View Details
    • $1,162,500

      Land in Growing Etna, OH

      Land in Etna, OH, a hub for logistics and distribution.
      9033 National Rd SW, Etna, OH 43018
      View Details
    • Contact for pricing
      1,800 SF

      Corner Lot on SR 40

      0.3 acre corner lot with high traffic and utilities.
      1040 Columbus St, Etna, OH 43018
      View Details
    • $16,571,700

      Development Land Near I-70

      Development land located minutes from industrial parks and fulfillment facilities.
      6825 National Rd SW, Etna, OH 43018
      View Details
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    Etna Pkwy
    Etna, OH 43018
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    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
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