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    4500 Angel Ridge Rd Athens, OH 45701
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    Property profile & analytics

    4500 Angel Ridge Rd Athens, OH 45701

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    • Commercial real estate
    • 1,440 SF
    Off-Market
    Property ID
    US66-5781503
    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 4500 Angel Ridge Rd

    Year built
    2019
    Property size
    1,440 SF
    Property type
    Commercial real estate

    Description

    This exceptional 14+ acre property in Athens County, Ohio, presents a unique investment opportunity. The 2019-built property includes a substantial multi-purpose metal building, perfect for various commercial ventures. Previously used as a wedding venue, this structure boasts large double doors opening to a spacious interior, along with additional areas such as a woodshop, storage spaces, and a kitchen. Five large greenhouses and high tunnels, complemented by a 900 square foot equipment/storage barn, cater to agricultural pursuits. The property also features vegetable washing, sorting, and packing facilities, row crop areas, and established irrigation systems. A significant income stream is generated by a thriving Airbnb, a fully furnished apartment with three bedrooms, multiple living areas, a farm-style kitchen, laundry facilities, a patio with a hot tub, and a second-floor deck overlooking a pond and gardens. The 1,440 square foot building sits on the 14+ acres of land at 4500 Angel Ridge Rd, Athens, OH 45701. The seller is open to exploring creative partnerships with qualified individuals or businesses interested in expanding the property's potential, perhaps through a farm-to-table restaurant or cabin rental operation. This property offers a blend of agricultural infrastructure, event space, and immediate rental income, making it an attractive investment with significant upside potential. Asking price is $895,000.

    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
    Athens
    County
    Athens
    State
    Ohio
    Longitude
    -82.0470773
    Latitude
    39.2591321

    Comparable in this City

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      Prime Commercial Development Opportunity

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    • $399,000
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      Secluded Athens Land with Amenities

      81.2 acre recreational property near Athens with camper and equipment.
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      Land for Retail Development

      Land available for retail development near Walmart Superstore.
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    • $80,000
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      Buildable Lot in Athens City

      Rare residential lot in a peaceful, convenient Athens location.
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    • $75,000

      Athens Commercial Land - River Access

      3.15 Acres, Prime Location, $75,000
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      1,651 SF

      In-Town Parcel with Development Potential

      Large parcel near Ohio University with multi-family/manufacturing zoning.
      169 Mill St, Athens, OH 45701
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    Similar Nearby for Sale

    • $1,295,000
      2.67 Acres

      Prime Commercial Development Opportunity

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    • $75,000

      Athens Commercial Land - River Access

      3.15 Acres, Prime Location, $75,000
      0 Columbus Rd, Athens, OH 45701
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      1,651 SF

      In-Town Parcel with Development Potential

      Large parcel near Ohio University with multi-family/manufacturing zoning.
      169 Mill St, Athens, OH 45701
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    • $45,000
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      Buildable Lot in Athens, OH

      Vacant lot suitable for building a home or investment property.
      22 Pratt St, Athens, OH 45701
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    • $154,000
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      Land in University Estates

      Residential land for sale in Athens, Ohio.
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    • $715,000
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      Secluded Athens County Multi-Dwelling Farm

      70-acre farm with two homes, barn, and garage.
      6559 Poston Rd, Athens, OH 45701
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    Similar Nearby for Lease

    • $4,000 /Mo
      425,146 SF

      Land for Lease in Athens

      9.76 acres of commercial land available for lease.
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    • $60,000

      Freestanding Restaurant with Drive-Thru

      2,400 SF restaurant with drive-thru in Athens Mall.
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    • Contact for pricing

      Updated Space for International Grocer

      Recently updated space suitable for an international grocer.
      908 E State St, Athens, OH 45701
      View Details
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    4500 Angel Ridge Rd
    Athens, OH 45701
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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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