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
    Back to Search
    Property profile & analytics

    825 Harding Way Galion, OH 44833

    • Commercial land
    For Sale
    View listing
    $400,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-4967233
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial land

    Property Details for 825 Harding Way

    Property type
    Commercial land
    APN
    19-0023682.000
    APU
    190023682000

    Description

    This exceptional 13.17-acre property at 825 Harding Way West in Galion, Ohio, presents a unique opportunity for mixed-use development. Comprising 21 contiguous parcels, this expansive site offers significant potential for a variety of commercial and residential projects. The land is currently vacant and features a blend of existing commercial and residential zoning classifications, providing flexibility for diverse development plans. A portion of the land is wooded, adding a natural element to the overall landscape. The property's substantial size and strategic location within Galion City make it an attractive investment for developers seeking to capitalize on the area's growth potential. Its accessibility and proximity to local amenities and infrastructure further enhance its appeal. This is a rare opportunity to acquire a large, versatile tract of land in a desirable Ohio city, ready for immediate development or long-term investment. The property's size and zoning flexibility allow for a wide range of development possibilities, from retail and office spaces to residential housing, or a combination thereof. Detailed zoning information and development guidelines are readily available upon request. This is an exceptional opportunity to shape the future of a key area within Galion. The asking price for this significant land parcel is $400,000.

    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
    Galion
    County
    Crawford
    State
    Ohio
    Longitude
    -82.805
    Latitude
    40.7334
    CBSA code
    15340
    CBSA name
    BUCYRUS, OH MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $33
    $510
    $0.00
    $510
    -
    $1,460
    $0.00
    $1,460

    Comparable in this City

    • Value Estimation by Request
      4.71 Acres

      Market St

      VACANT COMMERCIAL LAND • 4.71 Acres
      Market St, Galion, OH 44833
      View Details
    • Value Estimation by Request
      1.50 Acres

      201 Murray St

      VACANT COMMERCIAL LAND • 1.50 Acres
      201 Murray St, Galion, OH 44833
      View Details
    • Value Estimation by Request
      14.29 Acres

      2064 Nazor Rd

      VACANT COMMERCIAL LAND • 14.29 Acres
      2064 Nazor Rd, Galion, OH 44833-9718
      View Details
    • Value Estimation by Request

      129 Portland S Way

      VACANT COMMERCIAL LAND
      129 Portland S Way, Galion, OH 44833-2309
      View Details
    • Value Estimation by Request
      0.03 Acres

      901 Portland N Way

      VACANT COMMERCIAL LAND • 0.03 Acres
      901 Portland N Way, Galion, OH 44833-1119
      View Details
    • Value Estimation by Request
      0.09 Acres

      421 Sherman St

      VACANT COMMERCIAL LAND • 0.09 Acres
      421 Sherman St, Galion, OH 44833-2030
      View Details

    Similar Nearby for Sale

    • $1,500,000
      33.05 Acres

      33 Acres Prime Commercial Land

      33 acres of commercial land in a high-traffic area.
      State Route 598, Galion, OH 44833
      View Details
    • $800,000
      10.78 Acres

      Commercial Land in High-Traffic Area

      Commercial land with frontage on Brandt Road and Keller Drive.
      Brandt & Keller, Galion, OH 44833
      View Details
    • $49,000
      12 SF

      Prime Land at US-30 & SR-598

      12 acres of land with freeway visibility near Galion, OH.
      Land Sale At Us-30 & Sr-598, Galion, OH 44833
      View Details
    • $60,000

      Galion Land: Build Your Dream Home

      1.7 Acres, Northmor School District
      4875 Township Road 49, Galion, OH 44833
      View Details
    • $100,000

      Residential Land in Budding Neighborhood

      4.3-acre lot ready for your dream home in Galion.
      Knorr Rd, Galion, OH 44833
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,090,880 SF

      Crestline, Ohio Commercial Land

      48 Acres, Prime Commercial Location
      1506 State Route 61, Galion, OH 44833
      View Details
    • Contact for pricing
      4,766 SF

      Galion Retail Building: Prime Location

      4,766 SF Free-Standing Retail Space
      520 Harding Way, Galion, OH 44833
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in Galion, Ohio

      Retail space available in a busy, established shopping center.
      739 Carter Dr, Galion, OH 44833
      View Details
    • $3 SF/Yr
      140,000 SF

      Galion, OH Warehouse - 140,000 SF

      Large Warehouse Space For Lease. Immediate Occupancy.
      521 Market St, Galion, OH 44833
      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.
    825 Harding Way
    Galion, OH 44833
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.