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    108 Markley Rd London, OH 43140
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    108 Markley Rd London, OH 43140

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    • Land
    For Sale
    $269,900
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    Acreage with Storage Building For Sale
    $269,900

    Acreage with Storage Building

    4.23 acres near London, Ohio with storage building.

    108 Markley Road, London, OH 43140
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    Property ID
    US66-0417289
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 108 Markley Rd

    Year built
    1983
    Property type
    Land

    Description

    Conveniently located with easy access to major roadways, this acreage is just a short drive from downtown London, offering both seclusion and proximity to local amenities. The property has a substantial 32 x 64 block building providing ample storage space, perfect for equipment, vehicles, or as a workshop. This versatile structure adds significant value and utility to the property. This ideal property spans approximately 4.23 acres, for those seeking a peaceful retreat or a canvas for their future home!

    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
    London
    County
    Madison
    State
    Ohio
    Longitude
    -83.5178385
    Latitude
    39.9310372

    Comparable in this City

    • Contact for pricing

      Undeveloped Land Near Madison Lake

      Campground-use land with back trail to Madison Lake Park.
      4440 Deer Creek Ln, London, OH 43140
      View Details
    • Contact for pricing

      Flexible Space on Farmland

      Land parcel with structures for storage, workshop, or hobby use.
      1125 Roberts Mill Rd, London, OH 43140
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    • New
      $85,000
      0.35 Acres

      Wooded Lot in London, OH

      Wooded lot with lake access and community amenities.
      1730 W Choctaw Dr, London, OH 43140
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    • $165,000
      3.00 Acres

      Three Acres Vacant Land

      Three acres of land to build your dream home.
      00 Old Xenia Rd, London, OH 43140
      View Details
    • New
      $175,000
      3.79 Acres

      Residential Land in London, OH

      3.79 acres of residential land with development potential.
      Olive St, London, OH 43140
      View Details
    • $870,000
      40.22 Acres

      Productive Farmland Near London, Ohio

      40+ acres of farmland with residential potential near London, Ohio.
      Danville Rd, London, OH 43140
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Flexible Space on Farmland

      Land parcel with structures for storage, workshop, or hobby use.
      1125 Roberts Mill Rd, London, OH 43140
      View Details
    • Contact for pricing

      Undeveloped Land Near Madison Lake

      Campground-use land with back trail to Madison Lake Park.
      4440 Deer Creek Ln, London, OH 43140
      View Details
    • New
      $175,000
      3.79 Acres

      Residential Land in London, OH

      3.79 acres of residential land with development potential.
      Olive St, London, OH 43140
      View Details
    • $165,000
      3.00 Acres

      Three Acres Vacant Land

      Three acres of land to build your dream home.
      00 Old Xenia Rd, London, OH 43140
      View Details
    • $870,000
      40.22 Acres

      Productive Farmland Near London, Ohio

      40+ acres of farmland with residential potential near London, Ohio.
      Danville Rd, London, OH 43140
      View Details
    • $165,000
      2.45 Acres

      Land for Residential Development

      2.448 acres of land approved for septic systems.
      Old Xenia Rd, London, OH 43140
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail and Warehouse Space Available

      Retail and warehouse space for rent near downtown London, OH.
      231 Lafayette St, London, OH 43140
      View Details
    • Contact for pricing
      2,666 SF

      Warehouse and Retail Spaces Available

      Warehouse and retail spaces for lease in London, OH.
      235 Lafayette St, London, OH 43140
      View Details
    • Contact for pricing
      3,200 SF

      Warehouse Space For Lease

      2,666 SF warehouse space available for lease.
      231-235 Lafayette St, London, OH 43140
      View Details
    View Listing
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    108 Markley Rd
    London, OH 43140
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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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