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    33900 Township Road 68 Frazeysburg, OH 43822
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    33900 Township Road 68, Frazeysburg, OH 43822

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    • Commercial real estate
    • 4,000 SF
    Off-Market
    Property ID
    US66-4788494
    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

    • Wooden Nickel Tavern / Restaurant
    • Nickel Valley Resorts / Restaurant

    Property Details for 33900 Township Road 68

    Year built
    1998
    Property type
    Commercial real estate

    Description

    This exceptional special-purpose property in Frazeysburg, Ohio, presents a unique investment opportunity. The main offering encompasses a 4,000-square-foot restaurant and tavern, five custom-built rental cabins, and eight one-acre ponds, all situated on over 15 acres of land. The asking price for this package is $1,300,000. Additionally, two custom homes are available for purchase. One is a 2,000-square-foot, two-story log cabin built in 1993, and the other is a 2,000-square-foot ranch house constructed in 2018. These homes, along with a two-story barn/two-car garage and an additional pond, are situated on approximately 47 acres and are offered for $850,000. Finally, an additional 42+ acres of wooded land with road frontage is available for $450,000. The entire property is located in Coshocton County, Ohio, approximately one hour from downtown Columbus. The restaurant building, constructed in 1998, also includes a pavilion. The property's total land area is 2,387,088 square feet. Liquor licenses are also available for sale separately. This turnkey business, established in 2012 as Nickel Valley Resorts, offers significant potential for growth and profitability. The price per square foot for the restaurant building is $562.50.

    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
    Frazeysburg
    County
    Coshocton
    State
    Ohio
    Longitude
    -82.1420791
    Latitude
    40.194405

    Comparable in this City

    • $1,400,000

      Industrial Warehouse in East Central Ohio

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    • $89,900
      108,464 SF

      Off-Grid Cabin on Wooded Land

      Cozy cabin on a hilltop with nature views.
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      812,000 SF

      Frazeysburg Warehouse/Distribution Facility

      812,000 SF warehouse on 60.67 AC available for sale.
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    • New
      Contact for pricing
      Pending

      Land Parcel in Frazeysburg, Ohio

      44.2 acre wooded land parcel available via online auction.
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    • $289,000
      9.08 Acres

      Lush Acres with Dual Living

      9+ acres with two residences, scenic views, and private spring.
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    • $1,200,000

      22.34 Acres Commercial Development Land

      22.34 acres of commercial development land for sale.
      10345 Marne Rd, Frazeysburg, OH 43822
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    Similar Nearby for Sale

    • $1,400,000

      Industrial Warehouse in East Central Ohio

      33,000 SF warehouse with loading dock and drive-ins.
      5695 Eco Pkwy, Frazeysburg, OH 43822
      View Details
    • $89,900
      108,464 SF

      Off-Grid Cabin on Wooded Land

      Cozy cabin on a hilltop with nature views.
      12521 Fallsburg Rd Northeast, Frazeysburg, OH 43822
      View Details
    • Contact for pricing
      812,000 SF

      Frazeysburg Warehouse/Distribution Facility

      812,000 SF warehouse on 60.67 AC available for sale.
      5685 Eco Pkwy, Frazeysburg, OH 43822
      View Details
    • New
      Contact for pricing
      Pending

      Land Parcel in Frazeysburg, Ohio

      44.2 acre wooded land parcel available via online auction.
      Buck Hill Rd, Frazeysburg, OH 43822
      View Details
    • $289,000
      9.08 Acres

      Lush Acres with Dual Living

      9+ acres with two residences, scenic views, and private spring.
      30180 Jug Run Rd, Frazeysburg, OH 43822
      View Details
    • $1,200,000

      22.34 Acres Commercial Development Land

      22.34 acres of commercial development land for sale.
      10345 Marne Rd, Frazeysburg, OH 43822
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Frazeysburg Warehouse/Distribution Facility

      812,000 SF warehouse/distribution facility on 60.67 AC available for lease.
      5685 Eco Pkwy, Frazeysburg, OH 43822
      View Details
    • $4 SF/Yr

      Industrial Warehouse Space For Rent

      33,000 SF warehouse with loading dock and drive-ins.
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    Frazeysburg, OH 43822
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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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