Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    16242 Pike St Laurelville, OH 43135-9103
    Back to Search
    Property profile & analytics

    16242 Pike St Laurelville, OH 43135-9103

    View on Map
    • Apartment buildings
    • 3.08 lot acres
    Off-Market
    Property ID
    US66-5047280
    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

    • Salt Creek Village Apartments / Apartment Building

    Property Details for 16242 Pike St

    Construction
    FRAME
    Lot size
    3.08 lot acres
    Property type
    Apartment buildings
    APN
    14-000009.0200
    APU
    140000090200

    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
    Laurelville
    County
    Hocking
    State
    Ohio
    Longitude
    -82.7349
    Latitude
    39.4687
    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
    $7,877
    $12,660
    $112,860
    $125,520
    -
    $36,170
    $322,460
    $358,630

    Comparable in this City

    • Value Estimation by Request
      8.41 Acres

      16160 Water St

      APARTMENT HOUSE (5+ UNITS) • 8.41 Acres
      16160 Water St, Laurelville, OH 43135-7545
      View Details
    • Value Estimation by Request
      778 SF

      19257 Keifel Rd

      CAMPGROUND, RV PARK • 778 SF
      19257 Keifel Rd, Laurelville, OH 43135-9312
      View Details
    • Value Estimation by Request
      2.15 Acres

      Es R 56

      MOBILE HOME PARK, TRAILER PARK • 2.15 Acres
      Es R 56, Laurelville, OH 43135
      View Details
    • Value Estimation by Request
      0.49 Acres

      327th Tr 12th E

      COMMERCIAL (GENERAL) • 0.49 Acres
      327th Tr 12th E, Laurelville, OH 43135
      View Details
    • Value Estimation by Request

      Laurelville, OH 43135

      PARKING GARAGE, PARKING STRUCTURE
      Laurelville, OH 43135
      View Details
    • Value Estimation by Request
      0.23 Acres

      Es R 56

      VACANT COMMERCIAL LAND • 0.23 Acres
      Es R 56, Laurelville, OH 43135
      View Details

    Similar Nearby for Sale

    • $170,000

      Hocking County Wooded Acreage

      16+ acres of wooded land in Hocking County, Ohio.
      24272 Conrad Rd, Laurelville, OH 43135
      View Details
    • $184,900
      5.89 Acres

      Hocking Hills Wooded Land

      Nearly 6 acres of wooded land in Hocking Hills.
      Thad Hall Rd, Laurelville, OH 43135
      View Details
    • $646,000
      68.08 Acres

      Land Near Hocking Hills

      68 acre land parcel near Hocking Hills, Laurelville, Ohio.
      Big Pine Rd, Laurelville, OH 43135
      View Details
    • $215,000
      26.02 Acres

      Land Near Laurelville, Ohio

      26.03 acres of wooded, secluded land near Laurelville.
      E Fork Rd, Laurelville, OH 43135
      View Details
    • $1,554,553
      141.32 Acres

      140 Acres in Laurelville, OH

      140-acre property ideal for building, farming, recreation, or investment.
      Armstrong Rd, Laurelville, OH 43135
      View Details
    • $125,000
      6.87 Acres

      Land For Sale Laurelville, OH

      6.87 acre land parcel available in Laurelville, Ohio.
      Stump Run Rd, Laurelville, OH 43135
      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.
    16242 Pike St
    Laurelville, OH 43135-9103
    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
    16242 Pike St, Laurelville, OH, 43135
    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!