Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Canal St Lancaster, OH 43130

    • Land
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Canal St

    Property type
    Land

    Description

    This exceptional 54,014.4 square foot commercial land parcel presents a unique development opportunity in Lancaster, Ohio. Located at 0 Canal Street, this vacant lot is ideally situated across the street from American Legion Post 11, offering high visibility and convenient access. The property boasts commercial zoning, allowing for a wide range of development possibilities. Its strategic location provides significant advantages for businesses seeking high-traffic exposure. Furthermore, the property benefits from its proximity to the Nine Mile Community Trail, bordering the southern property line and the Hocking River, adding to its appeal and potential for attracting a diverse clientele. The asking price for this prime commercial land is $164,900. This represents a compelling investment opportunity for developers and entrepreneurs looking to capitalize on the growing Lancaster market. The property's size and location make it suitable for a variety of commercial ventures, from retail spaces to light industrial uses. Detailed zoning information and development guidelines are readily available upon request. Don't miss this chance to acquire a significant piece of Lancaster's commercial real estate landscape. This property is ready for your vision.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Fairfield
    State
    Ohio
    Longitude
    -82.5971
    Latitude
    39.707

    Comparable in this City

    • Value Estimation by Request

      Columbus St

      Office Properties & Spaces
      0 Columbus St, Lancaster, OH 43130
      View Details
    • Value Estimation by Request

      Memorial Dr

      Office Properties & Spaces
      0 Memorial Dr, Lancaster, OH 43130
      View Details
    • Value Estimation by Request
      87.32 Acres

      3795 Wilson Rd

      Land • 87.32 Acres
      3795 Wilson Rd, Lancaster, OH 43130
      View Details
    • Value Estimation by Request

      Slocum Ave

      Office Properties & Spaces
      0 Slocum Ave, Lancaster, OH 43130
      View Details
    • Value Estimation by Request

      Memorial Dr

      Land
      0 Memorial Dr, Lancaster, OH 43130
      View Details
    • Value Estimation by Request
      0.95 Acres

      Memorial Dr

      Land • 0.95 Acres
      0 Memorial Dr, Lancaster, OH 43130
      View Details

    Similar Nearby for Sale

    • $300,000
      10.83 Acres

      Lancaster Commercial Land - 10 Acres

      Prime 10.83-acre commercial lot in Lancaster, Ohio.
      2020 Main St, Lancaster, OH 43130
      View Details
    • Contact for pricing

      Lancaster Land: Jefferson Ave Lot

      Prime 5,227 sq ft Ohio Land Parcel
      0 Jefferson Ave, Lancaster, OH 43130
      View Details
    • Contact for pricing

      Land Available in Lancaster, OH

      Land available with strong population and income demographics.
      N Memorial Dr, Lancaster, OH 43130
      View Details
    • $48,500

      Lancaster Land: Prime Downtown Corner Lot

      4,356 sq ft lot, excellent location.
      114 Cedar Ave, Lancaster, OH 43130
      View Details
    • $550,000

      Lancaster Commercial Land Opportunity

      Prime 1.25-acre pad-ready site, high traffic area.
      0 Columbus St, Lancaster, OH 43130
      View Details
    • $425,000
      25.03 Acres

      River Valley Land: 25 Acres in Lancaster, OH

      Prime Agricultural & Residential Land
      0 Olde Rdg Ave, Lancaster, OH 43130
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land For Rent Lancaster, OH

      Land available for rent in Lancaster, Ohio.
      2845 Columbus Lancaster Rd NW, Lancaster, OH 43130
      View Details
    • Contact for pricing

      Land for Rent Lancaster, OH

      Land available for rent in Lancaster, Ohio.
      606 Lincoln Ave, Lancaster, OH 43130
      View Details
    • Contact for pricing

      Commercial Pad Site for Lease

      Commercial land available for ground lease in Lancaster, Ohio.
      1355 Ety Pointe Dr NW, Lancaster, OH 43130
      View Details
    • Contact for pricing
      30,000 SF

      Lancaster Office Space Available

      30,000 square feet of office space for rent.
      1432 NW Collins Rd, Lancaster, OH 43130
      View Details
    • $132 SF/Yr
      51,000 SF

      East Main Street Office Space

      Lancaster, OH Office Building - High Visibility
      1145 Main St, Lancaster, OH 43130
      View Details
    • $14 SF/Yr
      23,159 SF

      Lancaster Medical Office Building

      Prime Lancaster medical space available.
      2405 Columbus St, Lancaster, OH 43130
      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.
    Canal St
    Lancaster, OH 43130
    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.