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    Property profile & analytics

    11300 Jerome Rd Plain City, OH 43064

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-3698240
    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 real estate

    Property Details for 11300 Jerome Rd

    Property type
    Commercial real estate

    Description

    This exceptional 9.08-acre parcel, located at 11300 Jerome Road in Plain City, Ohio, presents a rare opportunity for discerning buyers. The property boasts a generous 395,524.8 square feet of land, offering ample space for a custom home and potential landscaping. Situated within the highly sought-after Dublin school district, this location provides access to top-rated schools while maintaining a secluded atmosphere. The property's wooded setting ensures privacy and tranquility, a rare find in today's market. Minutes from local amenities, this land offers the perfect blend of rural serenity and convenient access to urban conveniences. The asking price for this remarkable property is $995,000. Given its size, location, and desirable features, this property is expected to generate significant interest. Don't miss this chance to acquire a piece of prime Ohio real estate. The property's zip code is 43064, and it is located in Union County. The latitude and longitude coordinates are 40.1780679 and -83.1766017, respectively.

    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
    Plain City
    County
    Union
    State
    Ohio
    Longitude
    -83.1766017
    Latitude
    40.1780679

    Comparable in this City

    • $184,055

      Prime Plain City Land - Build Your Dream Home

      Wooded lot in desirable Jerome Village; Dublin schools.
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    • $9,601,750
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      Prime Plain City Land Development

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    • $1,200,000

      Prime 5-Acre Wooded Lot in Plain City

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      Prime Plain City Land Parcel

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      Westerville Road Land Opportunity

      Approximately 11 acres available on Westerville Road.
      Weldon Rd, Plain City, OH 43064
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      Prime Plain City Mixed-Use Land

      13,939 sq ft, B3 Zoning, High Visibility
      146 Main St, Plain City, OH 43064
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    Similar Nearby for Sale

    • $184,055

      Prime Plain City Land - Build Your Dream Home

      Wooded lot in desirable Jerome Village; Dublin schools.
      10520 Red Fir Ct, Plain City, OH 43064
      View Details
    • $9,601,750
      38.41 Acres

      Prime Plain City Land Development

      38 Acres, Residential Zoning, High Potential
      0 Weldon Rd, Plain City, OH 43064
      View Details
    • $1,200,000

      Prime 5-Acre Wooded Lot in Plain City

      Dublin Schools, Wooded Lot, AS-IS
      7379 Brock Rd, Plain City, OH 43064
      View Details
    • $215,000

      Prime Plain City Land Parcel

      Build Your Dream Home in Ohio
      0 Finley Guy Rd, London, OH 43064
      View Details
    • $9,601,750

      Westerville Road Land Opportunity

      Approximately 11 acres available on Westerville Road.
      Weldon Rd, Plain City, OH 43064
      View Details
    • Contact for pricing

      Prime Plain City Mixed-Use Land

      13,939 sq ft, B3 Zoning, High Visibility
      146 Main St, Plain City, OH 43064
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mixed-Use Land Near Dublin Green

      10 acres of mixed-use land available for development.
      Post Rd, Plain City, OH 43064
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    • Contact for pricing

      Mixed-Use Land Near Dublin Green

      10 acres of mixed-use land available for development.
      Post Rd, Plain City, OH 43064
      View Details
    • $204 SF/Yr
      4,720 SF

      RISE Dublin: Office, Warehouse, Flex

      Plain City, OH: Flexible spaces available.
      7780 Corporate Blvd, Plain City, OH 43064
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    • Contact for pricing

      Industrial Parkway Retail Opportunity

      Retail space available in a high-growth area near Dublin.
      6800 Industrial Pkwy, Plain City, OH 43064
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      14,400 SF

      Industrial Space Available For Lease

      New industrial space for lease, delivery Q1 2026.
      8000 Industrial Pkwy, Plain City, OH 43064
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    • $24 SF/Yr
      40,000 SF

      Retail Space Available For Lease

      Divisible retail space available 10 months after lease signing.
      7693 Corporate Blvd, Plain City, OH 43064
      View Details
    Request Owner's contact information
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    11300 Jerome Rd
    Plain City, OH 43064
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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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