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    Property profile & analytics

    23455 Morse Rd Raymond, OH 43067

    • Small apartment buildings
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US66-2814532
    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.

    Current Use by Public Records

    • Small apartment buildings

    Property Details for 23455 Morse Rd

    Property type
    Small apartment buildings

    Description

    This exceptional 20.8-acre property, located at 23455 Morse Road in Raymond, Ohio, presents a unique investment opportunity. Currently zoned agricultural, this expansive parcel offers significant potential for residential development, creating a family compound, or other uses. The land boasts a mix of meadows and woods, providing a tranquil setting while remaining conveniently located within the Marysville School District and a short drive from local businesses. With its substantial size of 902,998.8 square feet, the property offers ample space for various projects. The existing agricultural zoning could be readily converted to residential, allowing for the realization of diverse development plans. The property's serene surroundings, combined with its proximity to amenities, make it an attractive option for those seeking a blend of privacy and convenience. The location offers the potential for farming while development plans are underway. This is a rare opportunity to acquire a large parcel of land with significant development potential in a desirable location. The asking price is $355,000. Coordinates: 40.365845, -83.503753. Zip code: 43067.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Raymond
    County
    Union
    State
    Ohio
    Longitude
    -83.503753
    Latitude
    40.365845
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    23455 Morse Rd
    Raymond, OH 43067
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    Realmo Value Estimation

    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.

    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.

    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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