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    2630 River Rd Lake Milton, OH 44429

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    2630 River Rd Lake Milton, OH 44429

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    • Commercial real estate
    • 61.29 lot acres
    Off-Market
    Property ID
    US66-3551844
    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 2630 River Rd

    Lot size
    61.29 lot acres
    Property type
    Commercial real estate
    APN
    51-065-0-001.00-0

    Description

    This exceptional 61.29-acre property in Lake Milton, Ohio, presents a remarkable development opportunity. Situated at 2630 SE River Rd, Mahoning County, (APN: 51-065-0-001.00-0, Zip: 44429), this land boasts a unique blend of cleared and wooded areas – approximately 33 acres cleared and 28 acres wooded. The property offers over 1600 feet of road frontage with all utilities readily available at the street. Enjoy direct lake access complete with a private dock, providing unparalleled recreational opportunities. Its prime location offers convenient proximity to the Interstate and a wealth of amenities, including the nearby Lakeside Golf Course and the Pointview Boat Launch, just a minute away from Lake Milton State Park. Currently zoned for agricultural use (Ag), the seller estimates the potential for creating 10-11 residential building lots, making this a highly attractive investment for developers seeking a prime location with exceptional potential. This is a rare chance to acquire a substantial parcel of land with significant development possibilities in a highly desirable area.

    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
    Lake Milton
    County
    Mahoning
    State
    Ohio
    Longitude
    -80.968950441438
    Latitude
    41.081148949088

    Comparable in this City

    • $35,000
      0.22 Acres

      Land in Lake Milton, OH

      Land available in Lake Milton, Ohio.
      Idylwild Ave, Lake Milton, OH 44429
      View Details
    • $85,000
      5.07 Acres

      Land Near Lake Milton, OH

      5-acre land parcel near Lake Milton, Ohio, with building potential.
      1135 N Mahoning Portage Co Line Rd, Lake Milton, OH 44429
      View Details
    • Contact for pricing
      0.11 Acres

      Residential Land Near Lake Milton

      Land near Lake Milton with access to recreational activities.
      Manchester Ave, Lake Milton, OH 44429
      View Details
    • Contact for pricing

      Land Available in Lake Milton

      Land for sale at 17000 Mahoning Ave, Lake Milton, OH
      17000 Mahoning Ave, Lake Milton, OH 44429
      View Details
    • Contact for pricing
      0.15 Acres

      Land in Lake Milton, OH

      Land available in Lake Milton, Ohio.
      Redwood Rd, Lake Milton, OH 44429
      View Details
    • $39,900
      Pending

      Vacant Land in Lake Milton

      Cleared vacant land lot near Lake Milton with city utilities.
      853 Harbor Ave, Lake Milton, OH 44429
      View Details

    Similar Nearby for Sale

    • $35,000
      0.22 Acres

      Land in Lake Milton, OH

      Land available in Lake Milton, Ohio.
      Idylwild Ave, Lake Milton, OH 44429
      View Details
    • $85,000
      5.07 Acres

      Land Near Lake Milton, OH

      5-acre land parcel near Lake Milton, Ohio, with building potential.
      1135 N Mahoning Portage Co Line Rd, Lake Milton, OH 44429
      View Details
    • Contact for pricing
      0.11 Acres

      Residential Land Near Lake Milton

      Land near Lake Milton with access to recreational activities.
      Manchester Ave, Lake Milton, OH 44429
      View Details
    • Contact for pricing

      Land Available in Lake Milton

      Land for sale at 17000 Mahoning Ave, Lake Milton, OH
      17000 Mahoning Ave, Lake Milton, OH 44429
      View Details
    • Contact for pricing
      0.15 Acres

      Land in Lake Milton, OH

      Land available in Lake Milton, Ohio.
      Redwood Rd, Lake Milton, OH 44429
      View Details
    • $39,900
      Pending

      Vacant Land in Lake Milton

      Cleared vacant land lot near Lake Milton with city utilities.
      853 Harbor Ave, Lake Milton, OH 44429
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,125 SF

      Retail Space in Lake Milton

      Retail space available for lease in Lake Milton, Ohio.
      1350 Grandview Rd, Lake Milton, OH 44429
      View Details
    • Contact for pricing

      Retail Space in Lake Milton

      Retail space with open area, restrooms, storage, and office.
      17674 Mahoning Ave, Lake Milton, OH 44429
      View Details
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    2630 River Rd
    Lake Milton, OH 44429
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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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