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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4870 East Pike Zanesville, OH 43701

    • Mixed-use properties
    • 1.11 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1756537
    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.

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 4870 East Pike

    Year built
    1930
    Lot size
    1.11 lot acres
    Property type
    Mixed-use properties

    Description

    This exceptional mixed-use property boasts almost 300 feet of road frontage on a highly trafficked intersection near Airport Road and Route 40 in Zanesville, Ohio. The 1.11-acre lot offers unparalleled visibility and accessibility, making it ideal for a variety of commercial ventures. The property includes over 6,000 square feet of existing buildings, previously utilized as a motel and antique shop, presenting a unique opportunity for redevelopment or repurposing. The property benefits from all public utilities, including water and sewer. Its strategic location places it in close proximity to hotels, restaurants, and gas stations, ensuring high foot and vehicle traffic. Adding to its appeal, the property currently features a billboard generating a monthly income of $125. Recent improvements include a new roof installed in 2023 and some new windows. The sale includes all mineral rights owned by the seller. This is a rare opportunity to acquire a substantial property in a prime commercial location with significant potential for growth and return on investment. Don't miss this chance to capitalize on the high traffic count and excellent visibility of this Zanesville gem.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Zanesville
    County
    Muskingum
    State
    Ohio
    Longitude
    -81.90002
    Latitude
    39.96476

    Comparable in this City

    • $749,900
      7,676 SF

      High-Visibility Mixed-Use Zanesville

      I-70 access, 7676 sq ft, 2.24 acres
      2885 Pike, Zanesville, OH 43701
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    • $648,000
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      Zanesville Mixed-Use Commercial Site

      High-traffic location, 1.25 acres, ready to develop.
      4820 East Pike, Zanesville, OH 43701
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    • $749,900
      2.24 Acres

      High-Visibility Mixed-Use Zanesville

      I-70 Frontage, 7676 sq ft, 2.2 Acres
      2885 East Pike, Zanesville, OH 43701
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    • $1,200,000

      Prime Zanesville Commercial Land

      High-visibility land, I-70 access.
      2665 East Pike, Zanesville, OH 43701
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    • $1,200,000

      Prime Zanesville Land - US 40 Frontage

      98 Acres, US 40 & County Road 93 Access
      7515 West Pike, Zanesville, OH 43701
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    • Contact for pricing
      5.93 Acres

      Zanesville Commercial Land Opportunity

      Prime 5.93-acre site, I-70 visibility.
      4645 Pike, Zanesville, OH 43701
      View Details

    Similar Nearby for Sale

    • $648,000
      2,032 SF

      Zanesville Mixed-Use Commercial Site

      High-traffic location, 1.25 acres, ready to develop.
      4820 East Pike, Zanesville, OH 43701
      View Details
    • $749,900
      7,676 SF

      High-Visibility Mixed-Use Zanesville

      I-70 access, 7676 sq ft, 2.24 acres
      2885 Pike, Zanesville, OH 43701
      View Details
    • $749,900
      2.24 Acres

      High-Visibility Mixed-Use Zanesville

      I-70 Frontage, 7676 sq ft, 2.2 Acres
      2885 East Pike, Zanesville, OH 43701
      View Details
    • $1,800,000
      10,928 SF

      ideal for school bus drop off\/pickup. Energy efficient LED lighting

      fire suppression system
      1592 Fairview Rd, Zanesville, OH 43701
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    • $275,000
      1,444 SF

      Historic Zanesville Commercial Gem

      Downtown Zanesville building, 1444 sq ft, 26-car parking lot.
      712 Market St, Zanesville, OH 43701
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    • $105,000
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      Zanesville Commercial Building - Huge Potential

      Spacious building, ample parking, versatile space.
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    Similar Nearby for Lease

    • $350 /Mo
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      Zanesville Office Space Available

      Professional office building with multiple suites for rent in Zanesville.
      1100 Brandywine Blvd, Zanesville, OH 43701
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    • $1.00 SF/Yr
      9,932 SF

      Zanesville Office Space For Rent

      Office space available in Zanesville, Ohio with utilities included.
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      7,304 SF

      Retail Space Near Colony Square

      Retail space with high visibility and convenient access.
      3275-3295 Maple Ave, Zanesville, OH 43701
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    • $4,250 /Mo
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      Zanesville Land for Rent

      1.5 acre commercial land available for rent in Zanesville.
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      10,000 SF

      Industrial Warehouse Build to Suit

      Industrial warehouse for rent, up to 10,000 square feet.
      1554 Fairview Rd, Zanesville, OH 43701
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    • Contact for pricing

      Prime Outparcel Opportunity on Maple

      Outparcel opportunity in front of Big Lots and Hobby Lobby.
      3515 Maple Ave, Zanesville, OH 43701
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    4870 East Pike
    Zanesville, OH 43701
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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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