Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    240 E Lake St Lakeview, OH 43331
    Back to Search
    Property profile & analytics

    240 E Lake St, Lakeview, OH 43331

    View on Map
    • Commercial real estate
    • 1,008 SF
    • 0.24 lot acres
    For Sale
    $179,900
    View Listing →
    High Visibility Commercial Opportunity For Sale
    $179,900
    1,008 SF

    High Visibility Commercial Opportunity

    Prime commercial space in Lakeview with high visibility.

    240 E Lake Street, Lakeview, OH 43331
    View Listing
    Property ID
    US66-4725573
    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 240 E Lake St

    Year built
    1969
    Lot size
    0.24 lot acres
    Property type
    Commercial real estate
    APN
    47-017-18-09-003-000
    APU
    470171809003000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 19, 2021 $120,000 Thomas A Burnside John M Harrod Warranty Deed —
    Apr 16, 2019 — John M Harrod Marcellynne Harrod Affidavit Of Death Of Joint Tenant · related —

    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
    Lakeview
    County
    Logan
    State
    Ohio
    Longitude
    -83.9226
    Latitude
    40.484
    CBSA code
    13340
    CBSA name
    BELLEFONTAINE, OH MICROPOLITAN 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
    $2,467
    $7,790
    $31,210
    $39,000
    -
    $22,260
    $89,180
    $111,440

    Comparable in this City

    • Value Estimation by Request
      0.45 Acres

      13679 State Rte 235

      COMMERCIAL (GENERAL)
      13679 State Rte 235, Lakeview, OH 43331-9221
      View Details
    • Value Estimation by Request
      0.02 Acres

      9480 Willow Isle Rd

      COMMERCIAL (GENERAL)
      9480 Willow Isle Rd, Lakeview, OH 43331
      View Details
    • Value Estimation by Request
      10.30 Acres

      Harrison Ave

      COMMERCIAL (GENERAL)
      Harrison Ave, Lakeview, OH 43331
      View Details
    • Value Estimation by Request
      1.00 Acre

      R 235

      COMMERCIAL (GENERAL)
      R 235, Lakeview, OH 43331
      View Details
    • Value Estimation by Request
      0.06 Acres

      Ash St

      COMMERCIAL (GENERAL)
      Ash St, Lakeview, OH 43331
      View Details
    • Value Estimation by Request
      624 SF

      11750 Channel Vw Dr

      COMMERCIAL (GENERAL)
      11750 Channel Vw Dr, Lakeview, OH 43331
      View Details

    Similar Nearby for Sale

    • $55,000

      Land in Park Model Paradise

      Affordable 55+ community with amenities near Indian Lake.
      15427 State Route 235, Lakeview, OH 43331
      View Details
    • $139,900
      0.18 Acres

      Land with Garage in Lakeview

      Versatile property with garage and two lots in Chippewa.
      11209 Oneida Path, Lakeview, OH 43331
      View Details
    • $224,900
      2,400 SF

      Updated Commercial Building Near Indian Lake

      Versatile commercial building with recent updates near Indian Lake.
      150 E Lake St, Lakeview, OH 43331
      View Details
    • $189,000
      0.24 Acres

      Chippewa Community Lot with Carport

      0.24 acre lot with carport and mature trees.
      11496 Powhatan Path, Lakeview, OH 43331
      View Details
    • Contact for pricing
      0.06 Acres

      Land Near Indian Lake

      Land near Indian Lake with utilities on site.
      N Oak St, Lakeview, OH 43331
      View Details
    • Contact for pricing
      0.06 Acres

      Lakeview, OH Land For Sale

      Land for sale in Lakeview with utilities available.
      1124 N Oak St, Lakeview, OH 43331
      View Details
    View Listing
    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.
    240 E Lake St
    Lakeview, OH 43331
    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
    240 E Lake St, Lakeview, OH, 43331
    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!