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    4875 Township Road 49 Galion, OH 44833

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    4875 Township Road 49 Galion, OH 44833

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    • Residential land & home lots
    Off-Market
    Property ID
    US66-2246086
    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

    • Residential land & home lots

    Property Details for 4875 Township Road 49

    Property type
    Residential land & home lots

    Description

    Looking for the perfect building lot? This 1.705 Acres +/- in Northmor School District may be the perfect spot to build your dream home! Additional Acreage Available.

    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
    Galion
    County
    Crawford
    State
    Ohio
    Longitude
    -82.766858
    Latitude
    40.668388

    Comparable in this City

    • $85,000
      4.30 Acres

      Residential Land in Budding Neighborhood

      4.3-acre lot ready for your dream home in Galion.
      Knorr Rd, Galion, OH 44833
      View Details
    • $115,900
      5.17 Acres

      Versatile Land in Morrow County

      5.175 acres ready for your dream home or investment.
      4077 Twp Rd 51, Galion, OH 44833
      View Details
    • $800,000
      10.78 Acres

      Commercial Land in High-Traffic Area

      Commercial land with frontage on Brandt Road and Keller Drive.
      Brandt & Keller, Galion, OH 44833
      View Details
    • $1,500,000
      33.05 Acres

      33 Acres Prime Commercial Land

      33 acres of commercial land in a high-traffic area.
      State Route 598, Galion, OH 44833
      View Details
    • $370,000
      20.00 Acres

      20 Acres Vacant Land

      20 acres of vacant land ready to build your dream home.
      9563 County Road 20, Galion, OH 44833
      View Details
    • $79,000
      3.02 Acres

      Commercial Lot in High-Traffic Area

      3.02-acre commercial lot suitable for various business types.
      Wedgewood Cir, Galion, OH 44833
      View Details

    Similar Nearby for Sale

    • $85,000
      4.30 Acres

      Residential Land in Budding Neighborhood

      4.3-acre lot ready for your dream home in Galion.
      Knorr Rd, Galion, OH 44833
      View Details
    • $115,900
      5.17 Acres

      Versatile Land in Morrow County

      5.175 acres ready for your dream home or investment.
      4077 Twp Rd 51, Galion, OH 44833
      View Details
    • $800,000
      10.78 Acres

      Commercial Land in High-Traffic Area

      Commercial land with frontage on Brandt Road and Keller Drive.
      Brandt & Keller, Galion, OH 44833
      View Details
    • $1,500,000
      33.05 Acres

      33 Acres Prime Commercial Land

      33 acres of commercial land in a high-traffic area.
      State Route 598, Galion, OH 44833
      View Details
    • Contact for pricing

      Industrial Land in Galion, Ohio

      180.556 AC industrial land in Galion, Ohio for sale.
      1509 Wachs Rd, Galion, OH 44833
      View Details
    • $175,000
      6.32 Acres

      Land with Carport and Shed

      6.32-acre property with carport, shed, and woods in Galion, OH.
      9146 County Road 38, Galion, OH 44833
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Corner Lot on State Route

      Commercial land for rent at a prominent corner location.
      1506 State Route 61, Galion, OH 44833
      View Details
    • Contact for pricing

      Retail Spaces in Galion Shopping Center

      Retail units available in established shopping center with high visibility.
      739 Carter Dr, Galion, OH 44833
      View Details
    • $6 SF/Yr
      50,000 SF

      New Industrial Spec Building

      50,000 SF industrial building in Galion, Ohio available for lease.
      1376 State Route 598, Galion, OH 44833
      View Details
    • Contact for pricing

      Flex Space For Lease

      Flex space suitable for manufacturing, warehouse, or distribution.
      303 E Parson St, Galion, OH 44833
      View Details
    • Contact for pricing

      Retail Opportunity in Galion, OH

      4,766 SF free-standing building in a strategic Galion location.
      520 Harding Way W, Galion, OH 44833
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in Galion, Ohio

      Retail space available in a busy, established shopping center.
      739 Carter Dr, Galion, OH 44833
      View Details
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    4875 Township Road 49
    Galion, OH 44833
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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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