Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    11943 Johnstown Utica Rd Johnstown, OH 43031-9562
    Back to Search
    Property profile & analytics

    11943 Johnstown Utica Rd, Johnstown, OH 43031-9562

    View on Map
    • Commercial real estate
    • 10.82 lot acres
    Off-Market
    Last Sale Jun 9, 2025
    Property ID
    US66-2807092
    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 11943 Johnstown Utica Rd

    Lot size
    10.82 lot acres
    Property type
    Commercial real estate
    APN
    053-174144-00.000
    APU
    5317414400000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 9, 2025 — The Johnstown Land Company II LLC The Naco Land Company LLC Deed —
    Apr 29, 2025 — The Naco Land Company LLC The Johnstown Land Company LLC Deed —
    Dec 16, 2024 — The Johnstown Land Company LLC West Licking Properties LLC Deed —
    Dec 5, 2024 $1,877,400 West Licking Properties LLC James R Heimerl Deed —
    Feb 24, 2023 $4,601,200 West Licking Properties LLC Philip J Watts Limited Warranty Deed —
    Aug 30, 2022 — James N Heimerl — Deed · related $2.2M · Kingston National Bank
    Aug 16, 2022 — James R Heimerl Duncan Plains Ltd Quit Claim Deed · related —
    Oct 20, 2020 — Village Of Johnstown Duncan Plains Ltd Warranty Deed —
    Jul 21, 2011 $120,000 Duncan Plains Ltd Wright,chris & Anita C Warranty Deed —
    Jul 21, 2011 $78,000 Duncan Plains Ltd Wright,chris & Anita C Warranty Deed $325k · Farm Credit Svcs Mid-america
    Jul 21, 2011 $150,000 Granville Milling Co Wright,chris & Anita C Warranty Deed —
    — — Chris Wright — Deed Of Trust · related $272k · Farm Credit Svcs Mid-america

    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
    Johnstown
    County
    Licking
    State
    Ohio
    Longitude
    -82.7128
    Latitude
    40.14
    CBSA code
    18140
    CBSA name
    COLUMBUS, OH METROPOLITAN 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
    $731
    $147,740
    $4,240
    $151,980
    -
    $422,100
    $12,100
    $434,200

    Comparable in this City

    • Value Estimation by Request

      13832 Fancher Rd

      Multifamily properties
      13832 Fancher Rd, Johnstown, OH 43031
      View Details
    • Value Estimation by Request

      2877 Mink St

      Distribution properties
      2877 Mink St, Johnstown, OH 43031
      View Details
    • Value Estimation by Request
      3.00 Acres

      Johnstown-a Rd

      COMMERCIAL (GENERAL)
      Johnstown-a Rd, Johnstown, OH 43031
      View Details
    • Value Estimation by Request
      1,890 SF

      243 Coshocton St

      COMMERCIAL (GENERAL)
      243 Coshocton St, Johnstown, OH 43031-1110
      View Details
    • Value Estimation
      $1,895,000
      10,306 SF

      555 Main St

      COMMERCIAL (GENERAL)
      555 Main St, Johnstown, OH 43031-9150
      View Details
    • Value Estimation by Request
      2,400 SF

      7720 Johnstown Alexandria Rd

      COMMERCIAL (GENERAL)
      7720 Johnstown Alexandria Rd, Johnstown, OH 43031-9340
      View Details

    Similar Nearby for Sale

    • $5,000,000
      Pending

      Land For Sale in Johnstown

      Land available in Licking County, Johnstown, Ohio.
      13692 Green Chapel Rd NW, Johnstown, OH 43031
      View Details
    • $5,000,000
      5.98 Acres

      Development Land in Johnstown, OH

      Almost 6 acres of land suitable for development.
      13692 Green Chapel Rd NW, Johnstown, OH 43031
      View Details
    • Contact for pricing
      Pending

      Vacant Two-Story Commercial Building

      Two-story commercial building in Johnstown, Ohio, with ample parking.
      267 N Main St, Johnstown, OH 43031
      View Details
    • Contact for pricing

      Large Acreage Land For Sale

      297.47 acres of land with utilities in Johnstown, OH.
      Center Village Rd, Johnstown, OH 43031
      View Details
    • Contact for pricing

      77 Mccracken Drive, Johnstown, OH 43031

      Land
      77 Mccracken Dr, Johnstown, OH 43031
      View Details
    • Contact for pricing

      Mink Street Hard Corner Land

      3.46 acre hard corner lot with maximum road frontage.
      2721 Mink St, Johnstown, OH 43031
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      121,680 SF

      New Albany Warehouse Under Construction

      New warehouse space available for lease in New Albany, Ohio.
      9490 Innovation Campus Way, New Albany, OH 43031
      View Details
    • Contact for pricing
      10,000 SF

      Modern Warehouse in Established Park

      Modern warehouse in Johnstown with tax abatement and climate control.
      25 Greenscapes Ct, Johnstown, OH 43031
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Johnstown Center

      Retail space available in high-traffic Johnstown shopping center.
      659-753 W Coshocton St, Johnstown, OH 43031
      View Details
    • Contact for pricing
      90,000 SF

      90,000 SF Warehouse Space Available

      Warehouse space featuring dock doors, drive-in door, and ample parking.
      8899-9485 Innovation Campus Way, Johnstown, OH 43031
      View Details
    • Contact for pricing
      50,000 SF

      Adaptable Warehouse Space in New Albany

      300,400 SF warehouse in New Albany with modern features.
      12550 Jug St, Johnstown, OH 43031
      View Details
    • Contact for pricing

      Land For Rent

      Single tenant land available for rent.
      13703 Johnstown Utica Rd, Johnstown, OH 43031
      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.
    11943 Johnstown Utica Rd
    Johnstown, OH 43031-9562
    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

    Thank You for Inquiry
    11943 Johnstown Utica Rd, Johnstown, OH, 43031
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!