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    21540 State Route 93 Logan, OH 43138
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    21540 State Route 93 Logan, OH 43138

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    • Land
    For Sale
    $579,900
    View Listing →
    56+ Acre Wooded Lot For Sale
    $579,900

    56+ Acre Wooded Lot

    Remarkable wooded lot near Hocking Hills, Logan, OH.

    21540 State Route 93, Logan, OH 43138
    View Listing
    Property ID
    US66-4690384
    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

    • Land

    Property Details for 21540 State Route 93

    Property type
    Land

    Description

    Discover endless possibilities on this remarkable 56+ acre wooded lot at 21540 State Route 93, Logan, OH. Less than 10 miles from the heart of Hocking Hills, this property offers unparalleled opportunities for nature enthusiasts and outdoor lovers. Whether you dream of building your secluded retreat, establishing a recreational paradise, or investing in future development, this property's potential knows no bounds. Embrace the tranquility of nature, all while being conveniently close to the amenities of Logan. Don't miss your chance to own a piece of Ohio's stunning landscape with unlimited possibilities awaiting your imagination. Easement is tied to Parcel # 19-000367.0200. See documents section. Soil testing completed. See A2A remarks for more information!

    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
    Logan
    County
    Hocking
    State
    Ohio
    Longitude
    -82.44956
    Latitude
    39.41356

    Comparable in this City

    • $179,999

      Land For Sale in Logan

      Land available in Hocking County.
      20795 Sterling Rd, Logan, OH 43138
      View Details
    • $165,000
      Pending

      Secluded Hocking Hills Land Parcel

      4.4-acre Hocking Hills property ready for building.
      20000 Kalklosch Rd, Logan, OH 43138
      View Details
    • $179,999
      5.63 Acres

      Hocking Hills Acreage Opportunity

      5.63 acres ideal for short-term rental or private getaway.
      20795 Sterling Rd, Logan, OH 43138
      View Details
    • Contact for pricing

      Land with Rental Cabin

      Land with rental cabin, cryptocurrency income, and oil production.
      9343 Bear Run Rd, Logan, OH 43138
      View Details
    • $299,900
      Pending

      Waterfront Acreage on Lake Logan

      Undeveloped 14+ acre waterfront property in Hocking Hills recreation area.
      Evans Rd, Logan, OH 43138
      View Details
    • $149,900
      8.30 Acres

      Heavily Treed Land Parcels Available

      Land parcels with trees, hills, and creeks for sale.
      5840 Township Road 248, Logan, OH 43138
      View Details

    Similar Nearby for Sale

    • $179,999

      Land For Sale in Logan

      Land available in Hocking County.
      20795 Sterling Rd, Logan, OH 43138
      View Details
    • $165,000
      Pending

      Secluded Hocking Hills Land Parcel

      4.4-acre Hocking Hills property ready for building.
      20000 Kalklosch Rd, Logan, OH 43138
      View Details
    • $179,999
      5.63 Acres

      Hocking Hills Acreage Opportunity

      5.63 acres ideal for short-term rental or private getaway.
      20795 Sterling Rd, Logan, OH 43138
      View Details
    • Contact for pricing

      Heavily Treed Land Parcels Available

      Four land parcels available, heavily treed with hills.
      5840 Township Road 248, Logan, OH 43138
      View Details
    • $179,999
      5.03 Acres

      Hocking Hills Land Opportunity

      5.03 acres in Hocking Hills, ready for development.
      20843 Sterling Rd, Logan, OH 43138
      View Details
    • $335,000
      4.00 Acres

      Hocking Hills Area Land Parcel

      4-acre parcel with utilities near Hocking Hills attractions.
      Ohio 664, Logan, OH 43138
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Outparcel Opportunity in Logan

      Exceptional commercial land for rent near Hocking Hills.
      62 Hocking Mall, Logan, OH 43138
      View Details
    • Contact for pricing
      133,000 SF

      133,000 SF Industrial Space Available

      133,000 SF industrial space for lease in Logan, Ohio.
      1689 E Front St, Logan, OH 43138
      View Details
    • Contact for pricing

      Downtown Logan Office Space Available

      Commercial office space for lease in downtown Logan, Hocking Hills.
      158 E Main St, Logan, OH 43138
      View Details
    • Contact for pricing

      Retail Space Near Tourist Attraction

      Retail space available next to a busy Dollar General store.
      375 W Front St, Logan, OH 43138
      View Details
    • $750 /Mo
      9,403 SF

      Downtown Logan Updated Office Suite

      Spacious 960 sq. ft. office suite in downtown Logan.
      49 E Hunter St, Logan, OH 43138
      View Details
    View Listing
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    21540 State Route 93
    Logan, OH 43138
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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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