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    333 Fairfield Dr Pickerington, OH 43147
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    333 Fairfield Dr Pickerington, OH 43147

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    • Commercial real estate
    Off-Market
    Property ID
    US66-0109182
    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 333 Fairfield Dr

    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity encompasses two parcels of land ideally situated in Pickerington, Ohio, totaling 22 single-family residential lots. Parcel A, located at the corner of Busey and Sycamore Creek Streets, comprises 16 lots spanning 7.15 acres. This parcel is conveniently close to Sycamore Creek Elementary School and is fully zoned, platted, and has received engineering drawing approval from the city of Pickerington. Parcel B, situated at the corner of Hill Road and Fairfield Drive, also enjoys proximity to Sycamore Creek Elementary School. This parcel includes 6 lots and is zoned and platted, with engineering drawings nearing final approval from Pickerington. Each lot measures approximately 70 feet in width. The combined parcels present a unique opportunity for developers seeking to build single-family homes in a highly desirable location. The asking price for this exceptional land package is $616,000. The property is designated for single-family residential use. This is a turnkey opportunity for immediate development.

    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
    Pickerington
    County
    Fairfield
    State
    Ohio
    Longitude
    -82.7622088
    Latitude
    39.8654042

    Comparable in this City

    • $540,000
      0.39 Acres

      Pickerington Multifamily Property For Sale

      Multifamily property in Pickerington, OH, available for purchase.
      8993 Refugee Rd, Pickerington, OH 43147
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    • $230,000

      Pickerington Commercial Land - $230K

      1.4-acre lot, C-3 zoning, buildable pad.
      0 Windmiller Dr, Pickerington, OH 43147
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      Land For Sale Pickerington

      Land available for sale in Pickerington, Ohio.
      N Hill Rd N, Pickerington, OH 43147
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      Pickerington Land Parcel For Sale

      13.6 acres of land in Pickerington's Diley Road Corridor.
      780 Diley Rd, Pickerington, OH 43147
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    • Contact for pricing

      Pickerington Land for Commercial Development

      13.6 acres in growth area suitable for commercial development.
      770 Diley Rd, Pickerington, OH 43147
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    • $5,400,000
      Pending

      Pickerington Land with Ponds

      60+ acre land with woods, farmland, and ponds.
      6725 Blacklick-Eastern Rd NW, Pickerington, OH 43147
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    Similar Nearby for Sale

    • $540,000
      0.39 Acres

      Pickerington Multifamily Property For Sale

      Multifamily property in Pickerington, OH, available for purchase.
      8993 Refugee Rd, Pickerington, OH 43147
      View Details
    • $230,000

      Pickerington Commercial Land - $230K

      1.4-acre lot, C-3 zoning, buildable pad.
      0 Windmiller Dr, Pickerington, OH 43147
      View Details
    • Contact for pricing

      Land For Sale Pickerington

      Land available for sale in Pickerington, Ohio.
      N Hill Rd N, Pickerington, OH 43147
      View Details
    • Contact for pricing

      Pickerington Land Parcel For Sale

      13.6 acres of land in Pickerington's Diley Road Corridor.
      780 Diley Rd, Pickerington, OH 43147
      View Details
    • Contact for pricing

      Pickerington Land for Commercial Development

      13.6 acres in growth area suitable for commercial development.
      770 Diley Rd, Pickerington, OH 43147
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    • $5,400,000
      Pending

      Pickerington Land with Ponds

      60+ acre land with woods, farmland, and ponds.
      6725 Blacklick-Eastern Rd NW, Pickerington, OH 43147
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land For Lease

      Land available for lease in Pickerington, Ohio.
      175 Postage Cir, Pickerington, OH 43147
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      Commercial Land Pad Site Available

      Ground lease opportunity in Pickerington near established retailers.
      175 Postage Cir, Pickerington, OH 43147
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    • Contact for pricing

      Pickerington Commercial Lot For Sale

      1.4+- acre commercial lot in Pickerington, zoned C-3.
      2 Windmiller Dr, Pickerington, OH 43147
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    • $15 SF/Yr
      1,500 SF

      Prime Office Space For Rent

      High-visibility office space with ample parking and tenant improvements negotiable.
      641 Hill Rd N, Pickerington, OH 43147
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    • $20 SF/Yr
      1,941 SF

      Pickerington Office Space For Rent

      Office space for rent in a growing Ohio city.
      1310 Hill Rd North, Pickerington, OH 43147
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    • Contact for pricing

      Pickerington Retail Spaces Available

      Retail spaces available, ranging from 1,398 to 1,436 SqFt.
      380-556 Hill Rd North, Pickerington, OH 43147
      View Details
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    333 Fairfield Dr
    Pickerington, OH 43147
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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.

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