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Property profile & analytics
OFF-MARKET
Commercial land

916 Reynoldsburg New Albany Rd Blacklick, OH 43004-8625

1,064 SF 1 ac lot Built 1958
Individually Owned 2-yr Hold ~ Est. High Equity
Property ID
US66-1176122
Property summary
AI-generated overview

This exceptional one-acre commercial lot, located at 916 Reynoldsburg New Albany Road in Blacklick, Ohio (zip code 43004), is offered at $249,000. The property encompasses 43,560 square feet and is situated in Jefferson Township, within the Gahanna Schools district. Its strategic location offers easy access to key amenities. The property boasts significant flexibility, with the potential for re-zoning to accommodate residential or mixed-use developments. All essential public utilities, including sewer and water, are readily available and approved for use. Pre-approved plans exist for a 6,000 square foot event center, complete with ample parking, demonstrating the property's immediate development potential. This combination of location, zoning flexibility, and approved plans makes this a highly attractive investment opportunity for developers seeking a versatile and strategically located site in a thriving area. The property's prime location and approved plans significantly reduce development hurdles, presenting a compelling opportunity for a swift return on investment.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1958
Total area 1,064 SF
Lot 1 ac (43,473 SF)
APN 170-000733
UPID US66-1176122
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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Knights Protective Service Of Ohio · 2 yrs held
Knights Protective Service Of Ohio
since 2023
Last sale
$179,000
7 recorded transactions
2023
$179,000
2018
Price N/A
2018
$92,500
2016
Price N/A
2010
Price N/A
2010
Price N/A
2007
$95,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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