Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lot D Upper Gilchrist Rd Mount Vernon, OH 43050

    Property Lookup

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

    Lot D Upper Gilchrist Rd Mount Vernon, OH 43050

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

    Current Use by Public Records

    • Specialty properties

    Property Details for 0 Lot D Upper Gilchrist Rd

    Property type
    Specialty properties

    Description

    This exceptional 0 sq ft lot, identified as Lot D on Upper Gilchrist Road in Mount Vernon, Ohio (zip code 43050), presents a unique investment opportunity. Currently zoned General Business, this property is ideally situated just off State Route 36, positioning it within a zone of anticipated future growth. The asking price is $298,750. Please note that the lot size is currently listed as 0 sq ft, and this is subject to change pending subdivision approval from the City of Mount Vernon and the Regional Planning Commission, if deemed necessary. Detailed permitted uses and conditional uses for the General Business zoning are available in supplementary documentation. This location offers excellent visibility and accessibility, making it suitable for a variety of commercial ventures. Prospective buyers are encouraged to review the associated documents outlining permitted uses and the subdivision process before making an offer. The property's coordinates are 40.409402 latitude and -82.436706 longitude. This is a chance to acquire land in a developing area with high potential for future appreciation.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mount Vernon
    County
    Knox
    State
    Ohio
    Longitude
    -82.4367
    Latitude
    40.4094

    Comparable in this City

    • Value Estimation by Request

      Venture Dr

      Specialty properties
      0 Venture Dr, Mount Vernon, OH 43050
      View Details
    • Value Estimation by Request
      1,140 SF

      10 Warden St

      Specialty properties • 1,140 SF
      10 Warden St, Mount Vernon, OH 43050
      View Details
    • Value Estimation by Request
      0.50 Acres

      11189 Tucker Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 0.50 Acres
      11189 Tucker Rd, Mount Vernon, OH 43050-8921
      View Details
    • Value Estimation by Request

      Lot C Upper Gilchrist Rd

      Specialty properties
      0 Lot C Upper Gilchrist Rd, Mount Vernon, OH 43050
      View Details
    • Value Estimation by Request
      0.40 Acres

      20020 Hopewell Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 0.40 Acres
      20020 Hopewell Rd, Mount Vernon, OH 43050-9515
      View Details
    • Value Estimation by Request
      12,232 SF

      14 Vine St

      PROFESSIONAL CLUBS/ASSOCIATIONS • 12,232 SF
      14 Vine St, Mount Vernon, OH 43050-3220
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Special Purpose Property For Sale

      Special purpose commercial property available for purchase.
      Lot B Upper Gilchrist Rd, Mount Vernon, OH 43050
      View Details
    • Contact for pricing

      Downtown Mount Vernon Office Space

      Professional office space in downtown Mount Vernon available for sale.
      206 S Mulberry St, Mount Vernon, OH 43050
      View Details
    • Contact for pricing
      0.28 Acres

      Residential Lot in Apple Valley

      Building lot with Apple Valley access and public utilities.
      Monroe Mills Rd, Mount Vernon, OH 43050
      View Details
    • $200,000
      1.06 Acres

      Land Available in Mount Vernon

      Five lots available near Kenyon College and Kokosing Gap Trail.
      26-30 Dogwood Ter, Mount Vernon, OH 43050
      View Details
    • $125,000
      2.03 Acres

      Residential Land in Highland School

      2.027-acre building site in the Highland School District.
      County Rd, Mount Vernon, OH 43050
      View Details
    • Contact for pricing
      97,000 SF

      97,000 SF Industrial Facility

      97,000 SF industrial building with cranes and office space.
      105 N Sandusky St, Mount Vernon, OH 43050
      View Details

    Similar Nearby for Lease

    • $735,000

      Prime Retail Space on Coshocton

      High-traffic location leased to national retailer in Mount Vernon, Ohio.
      1061 Coshocton Ave, Mount Vernon, OH 43050
      View Details
    • $3 SF/Yr
      57,000 SF

      Heartland Commerce Park Warehouse

      57,000 SF Industrial Space Available
      105 Sandusky - Shipping & Receiving, Mount Vernon, OH 43050
      View Details
    • Contact for pricing
      1,450 SF

      Retail Space in Busy Center

      Retail space for lease in high-traffic Mt Vernon location.
      1558 Coshocton Ave, Mount Vernon, OH 43050
      View Details
    • Contact for pricing

      Commercial Garage Warehouse on 4 Acres

      Commercial garage warehouse with 4 acres for sale or lease.
      800 N Sandusky St, Mount Vernon, OH 43050
      View Details
    • $27 SF/Yr
      6,000 SF

      Retail Space in Mount Vernon

      High-traffic retail space available for rent in Mount Vernon, OH.
      Cassell Rd, Mount Vernon, OH 43050
      View Details
    • Contact for pricing
      22,725 SF

      Mount Vernon Retail Space Available

      Retail space in Mount Vernon with high traffic and parking.
      921 Coshocton Rd, Mount Vernon, OH 43050
      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.
    Lot D Upper Gilchrist Rd
    Mount Vernon, OH 43050
    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!