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    Property profile & analytics

    5547 Red Bank Rd Galena, OH 43021

    • Commercial real estate
    • 2.35 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US66-2678720
    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

    • Commercial real estate

    Property Details for 5547 Red Bank Rd

    Lot size
    2.35 lot acres
    Property type
    Commercial real estate
    APN
    317-411-01-024-005

    Description

    This exceptional 2.35-acre residential lot in desirable Galena, Ohio, presents a unique opportunity to build your dream home. Located at 5547 Red Bank Road, this densely wooded property boasts scenic ravine views and seasonal water views of Hoover Reservoir across the street. Enjoy the convenience of proximity to the Reservoir, its Sailing Club, and nearby communities like Westerville, New Albany, and Sunbury/Galena, as well as the new Intel Complex. The property is served by Delco Water (buyer responsible for tap fees) and requires a septic system for sanitary needs. Big Walnut Schools serve this area. Priced at $359,900, this lot offers a remarkable value at $156,478 per acre. A leading Central Ohio custom builder has exclusive building rights for this lot and may consider combining this lot with two others (pricing to be determined). This is an ideal location for those seeking a private yet convenient setting to build their dream home. The property's APN is 317-411-01-024-005. Enjoy recreational opportunities such as boating, fishing, frisbee golf, and hiking at the nearby Hoover Reservoir.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Galena
    County
    Delaware
    State
    Ohio
    Longitude
    -82.8662473
    Latitude
    40.1596693

    Comparable in this City

    • $249,000

      Galena, OH Land - $249,000

      2.52-Acre Buildable Lot, Great Location
      0 Gorsuch Rd, Galena, OH 43021
      View Details
    • $475,000
      5.90 Acres

      5.9 Acre Building Lot

      Ready for a new home, near Intel site.
      unit Tract 6 Woodtown Rd, Galena, OH 43021
      View Details
    • Contact for pricing
      10 SF

      Mixed-Use Development Opportunity

      10.66-acre mixed-use development site along US-36/37 corridor.
      & US-36/37 Fourwinds Dr, Sunbury, OH 43021
      View Details
    • $475,000
      5.90 Acres

      5.9 Acre Building Lot

      5.9 acre building lot ready for a new home.
      unit Tract 7 Woodtown Rd, Galena, OH 43021
      View Details
    • Contact for pricing
      88 SF

      88 Acres Developable Industrial Land

      88 acres of developable land with industrial zoning.
      10826 Woodtown Rd, Galena, OH 43021
      View Details
    • $4,999,000
      35.71 Acres

      Galena Mixed-Use Development Land

      Prime 35-acre commercial site near I-71.
      6217 Africa Rd, Galena, OH 43021
      View Details

    Similar Nearby for Sale

    • $475,000
      5.90 Acres

      5.9 Acre Building Lot

      5.9 acre building lot ready for a new home.
      unit Tract 7 Woodtown Rd, Galena, OH 43021
      View Details
    • $249,000

      Galena, OH Land - $249,000

      2.52-Acre Buildable Lot, Great Location
      0 Gorsuch Rd, Galena, OH 43021
      View Details
    • $475,000
      5.90 Acres

      5.9 Acre Building Lot

      Ready for a new home, near Intel site.
      unit Tract 6 Woodtown Rd, Galena, OH 43021
      View Details
    • Contact for pricing
      10 SF

      Mixed-Use Development Opportunity

      10.66-acre mixed-use development site along US-36/37 corridor.
      & US-36/37 Fourwinds Dr, Sunbury, OH 43021
      View Details
    • Contact for pricing
      88 SF

      88 Acres Developable Industrial Land

      88 acres of developable land with industrial zoning.
      10826 Woodtown Rd, Galena, OH 43021
      View Details
    • $4,999,000
      35.71 Acres

      Galena Mixed-Use Development Land

      Prime 35-acre commercial site near I-71.
      6217 Africa Rd, Galena, OH 43021
      View Details
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    5547 Red Bank Rd
    Galena, OH 43021
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    Realmo Value Estimation

    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.

    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.

    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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