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    916 Reynoldsburg New Albany Rd Blacklick, OH 43004-8625

    • Commercial land
    • 1,064 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Aug 18, 2023
    $179,000
    Location Intelligence
    Property ID
    US66-1176122
    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 land

    Property Details for 916 Reynoldsburg New Albany Rd

    Year built
    1958
    Lot size
    1.00 lot acres
    Property size
    1,064 SF
    Property type
    Commercial land
    APN
    170-000733
    APU
    170000733

    Description

    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.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Blacklick
    County
    Franklin
    State
    Ohio
    Longitude
    -82.8097
    Latitude
    40.0023
    CBSA code
    18140
    CBSA name
    COLUMBUS, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,201
    $114,100
    $0.00
    $114,100
    -
    $326,000
    $0.00
    $326,000

    Comparable in this City

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      Chestnut Grv Dr

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      0.49 Acres

      681 Reynoldsburg New Albany Rd

      VACANT COMMERCIAL LAND • 1,143 SF
      681 Reynoldsburg New Albany Rd, Blacklick, OH 43004-9601
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      0.18 Acres

      6901 Taylor Rd

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    • Value Estimation by Request
      3.09 Acres

      718 Reynoldsburg New Albany Rd

      VACANT COMMERCIAL LAND • 1,528 SF
      718 Reynoldsburg New Albany Rd, Blacklick, OH 43004-9633
      View Details

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    916 Reynoldsburg New Albany Rd
    Blacklick, OH 43004-8625
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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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