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    11085 Avondale Rd Thornville, OH 43076

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    11085 Avondale Rd Thornville, OH 43076

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    • Commercial real estate
    • 0.28 lot acres
    Off-Market
    Property ID
    US66-6258014
    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

    • Commercial real estate

    Property Details for 11085 Avondale Rd

    Lot size
    0.28 lot acres
    Property type
    Commercial real estate
    APN
    041-136496-00.021

    Description

    This 0.28-acre farm lot in Thornville, Ohio (APN 041-136496-00.021), is zoned residential and presents a fantastic opportunity to build a primary residence or a peaceful weekend getaway. Located within walking distance of Buckeye Lake, NE Harbor Marina, Papa Boos and Waterfront restaurant, and close to Harbor Hills Golf Course, this property offers unparalleled convenience and recreational access. Enjoy easy access to Interstate 70 and a short drive to Newark and Heath. The lot split has already been approved, and a new parcel number will be assigned upon deed transfer. Public utilities are readily available at the roadside. A unique benefit includes one year of free dock rental at the NE Harbor Marina, with the option to renew annually. This is a remarkable chance to own a piece of Buckeye Lake paradise. The asking price is $149,900.

    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
    Thornville
    County
    Licking
    State
    Ohio
    Longitude
    -82.4324382
    Latitude
    39.9331723

    Comparable in this City

    • Contact for pricing

      Thornville Farm with Tenant Occupancy

      Farm property featuring a farmhouse, pole barn, and tenant.
      10275 Mount Hope Rd, Thornville, OH 43076
      View Details
    • $895,000
      77.13 Acres

      Certified Organic Farmland Near Buckeye

      77.13 acres of certified organic farmland in Thornville, OH.
      11559 Somerset Rd, Thornville, OH 43076
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    • $999,999

      Certified Organic Farmland For Sale

      77.13 acres of certified organic farmland in Licking County.
      11559 Somerset Rd, Thornville, OH 43076
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    • $375,000
      0.62 Acres

      Waterfront Land on Buckeye Lake

      Spacious waterfront lot in Snug Harbor Village, Thornville, OH.
      Mcmurray Way, Thornville, OH 43076
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    • $375,000
      0.30 Acres

      Waterfront Lot in Snug Harbor

      Prime waterfront lot in Snug Harbor Village on Buckeye Lake.
      Finta Way, Thornville, OH 43076
      View Details
    • New
      $450,000
      6.25 Acres

      Thornville Land Near Buckeye Lake

      6.25 acres near Buckeye Lake with utilities available.
      13556 Rosewood Rd NE, Thornville, OH 43076
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Thornville Farm with Tenant Occupancy

      Farm property featuring a farmhouse, pole barn, and tenant.
      10275 Mount Hope Rd, Thornville, OH 43076
      View Details
    • $895,000
      77.13 Acres

      Certified Organic Farmland Near Buckeye

      77.13 acres of certified organic farmland in Thornville, OH.
      11559 Somerset Rd, Thornville, OH 43076
      View Details
    • Contact for pricing

      Land Available in Thornville, OH

      Land for sale at 9520 Jacksontown Rd, Thornville, OH.
      9520 Jacksontown Rd, Thornville, OH 43076
      View Details
    • $89,500
      0.12 Acres

      Thornville Land with Garage

      Two combined lots with garage in Edgewater Beach subdivision.
      216 Summit Rd, Thornville, OH 43076
      View Details
    • $269,900

      Waterfront Land in Snug Harbor

      Rare waterfront lot in distinctive Buckeye Lake community.
      11703 Mcmurray Way, Thornville, OH 43076
      View Details
    • $57,500
      0.13 Acres

      Residential Lot Near Buckeye Lake

      Residential lot near Buckeye Lake, perfect for building a home.
      King Rd NE, Thornville, OH 43076
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Turnkey Bar in Buckeye Lake

      Renovated bar with stage, outdoor area, and equipment.
      13607 Shell Beach Rd NE, Thornville, OH 43076
      View Details
    • Contact for pricing

      Neighborhood Shopping Center For Lease

      New neighborhood shopping center available for lease.
      9510 Jacksontown Rd, Thornville, OH 43076
      View Details
    • $2,750,000
      7,500 SF

      Retail Space in Thornville, OH

      Neighborhood shopping center with retail space for lease.
      9510 Jacksontown Rd, Thornville, OH 43076
      View Details
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    Thornville, OH 43076
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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.

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    11085 Avondale Rd, Thornville, OH, 43076
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