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Property profile & analytics
OFF-MARKET
Commercial land
116 Airport Hwy Swanton, OH 43558
Entity Owned
2-yr Hold
Free & Clear
Property ID
US66-1678151
Property summary
AI-generated overview
This exceptional 7.46-acre commercial land parcel presents a significant development opportunity in Swanton, Ohio. Located at 116 E Airport Hwy, the property boasts excellent frontage on a busy retail and service corridor, part of the Airport Highway and Central Business District. The site's strategic location offers high visibility and accessibility, with close proximity to established businesses including Kroger, Family Dollar, and Key Bank. Zoned C3, this property is ideal for a variety of commercial uses. The land comprises three parcels: 28-055120-00.000, 28-055180-00.000, and 28-055192-00.000, offering flexibility for development plans. The asking price is $559,500. This prime location in Fulton County, Ohio (zip code 43558) provides unparalleled access to a thriving consumer base and presents a compelling investment opportunity for discerning buyers seeking significant development potential in a high-traffic area. The property's coordinates are 41.58081190798381 latitude and -83.8855388927682 longitude.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1900
Total area
1,676 SF
Lot
3.63 ac (158,123 SF)
APN
28-055192-00.000
UPID
US66-1678151
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Fessenden Hardware Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lanc Properties LLC · 2 yrs held
Lanc Properties LLC
since 2023
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Swanton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Swanton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,508
Tax year 2023
Assessed value
$26,360
Assessed 2023
Previous assessed
$26,360
+0.0% YoY
Effective rate
5.72%
On assessed value
Assessed land
$26,360
Land market value
$75,300
Total market value
$75,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1900
Heating
BASEBOARD
Stories
2
Rooms
7
Bathrooms
3
Total area
1,676 SF
Lot
3.63 ac (158,123 SF)
APN
28-055192-00.000
UPID
US66-1678151
Jurisdiction
FULTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1900
Heating
BASEBOARD
Stories
2
Rooms
7
Bathrooms
3
Lot
3.63 ac
Current owner
From public records · entity-resolved
Lanc Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
444 PNE VLY RD, HOLLAND, OH 43528-8455
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2023
—
Lanc Properties LLC
Louisville Title Agency For Nw Ohio
Limited Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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