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Property profile & analytics
OFF-MARKET
Commercial real estate

8987 Hollow Rd Pataskala, OH 43062

17.68 ac lot
Entity Owned 5-yr Hold
Property ID
US66-3016778
Property summary
AI-generated overview

This exceptional 17.68-acre parcel of land presents a unique development opportunity in the rapidly growing Pataskala, Ohio area. Ideally situated in Licking County, with the APN 025-069132-00.001, this property boasts a prime location just 15 minutes from the planned Intel facility during rush hour, according to MORPC research. The land is zoned AG and offers convenient access to essential utilities, including electricity and public water. Its proximity to established residential areas further enhances its appeal. Specifically, the property is located a mere 900 feet from Homewood Corporation's Scotland Ridge Subdivision, providing a seamless transition into a thriving community. Furthermore, its strategic location offers easy access to major transportation arteries, with the SR-161 freeway intersection at SR-310 a short 3.25-mile drive. This combination of location, accessibility, and utility availability makes this property an attractive investment for developers seeking to capitalize on the burgeoning growth fueled by the Intel expansion. The asking price for this remarkable opportunity is $1,250,000. The lease on any existing structures expires on December 31, 2023.

Property profile
Verified
Property type Commercial real estate
Lot 17.68 ac (770,141 SF)
APN 025-069132-00.001
UPID US66-3016778
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Real Church · 5 yrs held
Real Church
since 2021
2 recorded transactions
2021
$275,000
2016
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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