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    8447 Meacham Ct Powell, OH 43065
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    Property profile & analytics

    8447 Meacham Ct Powell, OH 43065

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    • Commercial real estate
    Off-Market
    Property ID
    US66-3068789
    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 8447 Meacham Ct

    Property type
    Commercial real estate

    Description

    This exceptional 50,094 square foot lot, located at 8447 Meacham Court in Powell, Ohio (zip code 43065), presents a unique opportunity to build a custom home. Situated within a secluded gated community, this lot offers the tranquility of a wooded setting while enjoying convenient proximity to shopping and schools. The lot is part of a development featuring fourteen large, walk-out lots, all designed for premium construction. Building specifications require brick, stone, and Hardie Plank siding – no stucco is permitted. This specific lot, designated as Lot #3, provides ample space for a substantial residence. Enjoy the added benefit of sidewalks and easy access to High Banks Metro Park. The asking price for this remarkable property is $460,000. This is an ideal location for those seeking a blend of peaceful seclusion and convenient access to amenities. Don't miss this chance to create your dream home in this desirable Delaware County community.

    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
    Powell
    County
    Delaware
    State
    Ohio
    Longitude
    -83.0286965
    Latitude
    40.1680032

    Comparable in this City

    • $79,900

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      Prime Outparcel on Sawmill Parkway

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      Land For Sale

      Land suitable for retail or restaurant with high visibility.
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    • $319,000
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      Three Acre Homesite in Powell

      Three acre lot suitable for building a home.
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      Riverside Drive Land Opportunity

      Rare 12.34-acre property in Powell, Ohio, with development potential.
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    Similar Nearby for Sale

    • $79,900

      Powell Residential Land - Double Lot

      Prime Ohio residential land, double lot, ready to build.
      0 Sunset Dr, Powell, OH 43065
      View Details
    • Contact for pricing

      Powell, OH Land Opportunity

      2.09 acres of land available in Powell, Ohio.
      110 Grace Dr, Powell, OH 43065
      View Details
    • $1,500,000

      Prime Outparcel on Sawmill Parkway

      1.864-acre pad-ready site with high visibility and ample parking.
      Sawmill Dr, Powell, OH 43065
      View Details
    • Contact for pricing

      Land For Sale

      Land suitable for retail or restaurant with high visibility.
      7516 Greylock Frst Ave, Powell, OH 43065
      View Details
    • $319,000
      Pending

      Three Acre Homesite in Powell

      Three acre lot suitable for building a home.
      Liberty Rd, Powell, OH 43065
      View Details
    • New
      $1,299,999
      Pending

      Riverside Drive Land Opportunity

      Rare 12.34-acre property in Powell, Ohio, with development potential.
      8161 Riverside Dr, Powell, OH 43065
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Outlot Parcels in Powell

      High-profile outlot opportunity near Kroger and OSU campus.
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      Retail Space in Powell, OH

      Retail spaces available in a new shopping center development.
      10726 Sawmill Pkwy, Powell, OH 43065
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    • $12 SF/Yr
      2,400 SF

      Office Warehouse Suite For Rent

      1,200 SF office warehouse suite available 12/1/2024.
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    • $18 SF/Yr
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      Medical Space Available For Rent

      2,508 SF medical space with existing dental infrastructure.
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    • $1,050 /Mo
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      Powell Office Space For Rent

      Office space available immediately, includes kitchenette and restroom.
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    • Contact for pricing

      Retail/Office Space on Sawmill Parkway

      Highly visible retail or office space for lease.
      10225 Sawmill Pkwy, Powell, OH 43065
      View Details
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    Powell, OH 43065
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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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