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    1425 Ety Pointe NW Dr Lancaster, OH 43130-7762

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    1425 Ety Pointe NW Dr Lancaster, OH 43130-7762

    View on Map
    • Outlet malls
    • 201,304 SF
    • 17.11 lot acres
    Off-Market
    Property ID
    US66-2129693
    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
    $11,680,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Premium Insurance Agency OH / Insurance Agency
    • Pittsburgh Paints & Stains - Available At Menard's / Hardware & Home Improvement / Building Supply
    • Menards / Building Supply / Hardware & Home Improvement
    • Blue Rhino / Propane Supplier
    • KeyMe Locksmiths / Locksmith / (Bike/Boat/Book/etc) Store

    Property Details for 1425 Ety Pointe NW Dr

    Year built
    2007
    Lot size
    17.11 lot acres
    Property size
    201,304 SF
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    053-71372.10
    APU
    537137210

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $12,905,000
      6.5%
      $11,915,000
      7%
      $11,065,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $13,572,000
      Market price range: $6.71M - $22.4M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $17,380,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Fairfield
    State
    Ohio
    Longitude
    -82.643
    Latitude
    39.7384
    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
    $0.00
    $799,950
    $2,533,160
    $3,333,110
    -
    $2,285,560
    $7,237,600
    $9,523,160

    Comparable in this City

    • Value Estimation
      $775,000
      8,940 SF

      1911 Fair Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 8,940 SF
      1911 Fair Ave, Lancaster, OH 43130-9671
      View Details
    • Value Estimation
      $8,985,000
      198,473 SF

      Memorial N Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 198,473 SF
      Memorial N Dr, Lancaster, OH 43130
      View Details
    • Value Estimation
      $7,855,000
      138,771 SF

      2240 Schorrway Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 138,771 SF
      2240 Schorrway Dr, Lancaster, OH 43130
      View Details
    • Value Estimation
      $4,035,000
      50,618 SF

      1921 Riverway Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 50,618 SF
      1921 Riverway Dr, Lancaster, OH 43130-1492
      View Details
    • Value Estimation
      $2,635,000
      40,950 SF

      1645 Riv Vly N Cir

      WHOLESALE OUTLET, DISCOUNT STORE • 40,950 SF
      1645 Riv Vly N Cir, Lancaster, OH 43130-8401
      View Details
    • Value Estimation
      $1,625,000
      44,241 SF

      1375 Old Logan Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 44,241 SF
      1375 Old Logan Rd, Lancaster, OH 43130-4853
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      23,484 SF

      OfficeMax Retail Space in Lancaster

      Retail space available for sale in Lancaster, Ohio.
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      High Profile Corner Retail Property

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      Renovated Commercial Building in Lancaster

      Fully renovated commercial building in high-traffic Lancaster location.
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      Renovated Commercial Building in Lancaster

      Fully renovated commercial building in high-traffic Lancaster location.
      117 E 6Th Ave, Lancaster, OH 43130
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    • $3,000,000
      14,478 SF

      NNN Leased Walgreens For Sale

      NNN leased Walgreens in high-traffic retail corridor.
      859 E Main St, Lancaster, OH 43130
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    • $1,274,515
      10,640 SF

      Dollar General NNN Investment Opportunity

      NNN Dollar General in Columbus, OH MSA with zero responsibilities.
      1950 E Main St, Lancaster, OH 43130
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    Similar Nearby for Lease

    • Contact for pricing
      621 SF

      Retail Space in Lancaster, OH

      Retail space available in Lancaster, Ohio, near Columbus.
      1500-1730 River Valley Cir S, Lancaster, OH 43130
      View Details
    • Contact for pricing
      6,870 SF

      Retail Space in Busy Center

      Located in Lancaster's main shopping district near River Valley Mall.
      1627 North Memorial Dr, Lancaster, OH 43130
      View Details
    • Contact for pricing

      Lancaster Shopping Center Retail Space

      Retail spaces available in Lancaster Shopping Center.
      1710 E Main St, Lancaster, OH 43130
      View Details
    • Contact for pricing

      Retail Space Inside Meijer Store

      Prime retail spaces available within high-traffic Meijer stores.
      2900 Columbus-Lancaster Rd NW, Lancaster, OH 43130
      View Details
    • Contact for pricing
      6,870 SF

      Lancaster Retail Space For Rent

      Retail space available for lease in Lancaster, Ohio.
      1621-1739 N Memorial Dr, Lancaster, OH 43130
      View Details
    • $10,000 /Mo
      22,275 SF

      Lancaster, OH Commercial Space

      Prime commercial space for lease in Lancaster, Ohio.
      511 S High St, Lancaster, OH 43130
      View Details
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    Lancaster, OH 43130-7762
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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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