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    Leonard Ave Zanesville, OH 43701

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    Leonard Ave Zanesville, OH 43701

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    • Commercial land
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    Commercial Build-to-Suit Lots Available For Sale
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    Commercial Build-to-Suit Lots Available

    Commercial lots available for build-to-suit in Zanesville, Ohio.

    753 Leonard Ave, Zanesville, OH 43701
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    Property ID
    US66-3337920
    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 land

    Property Details for Leonard Ave

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Commercial build to suit lots available. Seller will price the building of your choice on these lots! Excellent location for office, property is zoned O-1 (Office) Final purchase price to be determined by the size, type and construction materials of building to be developed. Located just off Bell Street, in between Maple Avenue and Bell Street. in Zanesville.

    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
    Zanesville
    County
    Muskingum
    State
    Ohio
    Longitude
    -82.0119841
    Latitude
    39.9709999

    Comparable in this City

    • Contact for pricing

      2665 East Pike, Zanesville, OH 43701

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      Corner Parcel for Development

      2.17-acre corner parcel zoned C-4 for retail or office.
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      Prime Development Land Available

      Two parcels in Zanesville, ready for development with utilities.
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      High-Visibility Corner Parcel for Development

      2.96-acre corner parcel ideal for retail or C-store development.
      2755 Adamsville Rd, Zanesville, OH 43701
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    • $801,000

      Land Available in Zanesville, OH

      Commercial land for sale with enterprise zone tax exemptions.
      Bateman Rd, Zanesville, OH 43701
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    • $525,000

      Prime Commercial Land for Development

      2.07 acre C-4 zoned land for retail/commercial development.
      905 Zane St, Zanesville, OH 43701
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    Similar Nearby for Sale

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      2665 East Pike, Zanesville, OH 43701

      Commercial land
      2665 East Pike, Zanesville, OH 43701
      View Details
    • $599,000

      Corner Parcel for Development

      2.17-acre corner parcel zoned C-4 for retail or office.
      Maysville Pike, Zanesville, OH 43701
      View Details
    • $89,900

      Prime Development Land Available

      Two parcels in Zanesville, ready for development with utilities.
      930 Orchard St, Zanesville, OH 43701
      View Details
    • $850,000

      High-Visibility Corner Parcel for Development

      2.96-acre corner parcel ideal for retail or C-store development.
      2755 Adamsville Rd, Zanesville, OH 43701
      View Details
    • $801,000

      Land Available in Zanesville, OH

      Commercial land for sale with enterprise zone tax exemptions.
      Bateman Rd, Zanesville, OH 43701
      View Details
    • $525,000

      Prime Commercial Land for Development

      2.07 acre C-4 zoned land for retail/commercial development.
      905 Zane St, Zanesville, OH 43701
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Outparcel Opportunity on Maple

      Outparcel opportunity in front of Big Lots and Hobby Lobby.
      3515 Maple Ave, Zanesville, OH 43701
      View Details
    • Contact for pricing

      Unzoned Land for Lease

      Up to 5 acres available for lease in Zanesville.
      1885 W Main St, Zanesville, OH 43701
      View Details
    • Contact for pricing

      Zanesville Pad Site For Lease

      Commercial pad site available for ground lease in Zanesville, OH.
      3825 Gorsky Dr, Zanesville, OH 43701
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      Zanesville Warehouse/Manufacturing Space Available

      11,500 SF warehouse/light manufacturing facility for lease in Zanesville.
      135 Kensington Ave, Zanesville, OH 43701
      View Details
    • $1,000 /Mo
      34,848 SF

      Retail Shop with Patio

      Retail shop with patio, restrooms, move-in ready in Zanesville, OH.
      231 Market St, Zanesville, OH 43701
      View Details
    • $1.00 SF/Yr
      9,932 SF

      Zanesville Office Space Available

      Second-floor office space with receptionist area and professional offices.
      47 N 4Th St, Zanesville, OH 43701
      View Details
    View Listing
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    Leonard Ave
    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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