Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Chesterville Dr Canal Winchester, OH 43110
    Property profile & analytics

    Chesterville Dr, Canal Winchester, OH 43110

    View on Map
    • Commercial land
    • 4,985 SF
    • 1.03 lot acres
    For Sale
    $225,000
    View Listing →
    Prime Corner Lot in Ohio For Sale
    $225,000
    1.03 Acres

    Prime Corner Lot in Ohio

    One-acre corner lot suitable for commercial development in Canal Winchester.

    Chesterville Drive, Canal Winchester, OH 43110
    View Listing
    Property ID
    US66-4210805
    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 Chesterville Dr

    Year built
    2003
    Lot size
    1.03 lot acres
    Property type
    Commercial land
    APN
    184-001164
    APU
    184001164

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 22, 2004 — Eichhorn Investments LLC Eichhorn,phillip E & Diana L Quit Claim Deed · related —
    Jun 10, 2003 — Phillip E Eichhorn Eichhorn,marian L Quit Claim Deed · related —
    — — Eichhorn Investments LLC — Deed Of Trust · related $350k · Vinton County National Bank

    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
    Canal Winchester
    County
    Franklin
    State
    Ohio
    Longitude
    -82.8161
    Latitude
    39.8517
    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
    $4,568
    $61,260
    $0.00
    $61,260
    -
    $175,000
    $0.00
    $175,000

    Comparable in this City

    • Value Estimation by Request
      2.87 Acres

      6300 Refugee Rd

      VACANT COMMERCIAL LAND
      6300 Refugee Rd, Canal Winchester, OH 43110-8284
      View Details
    • Value Estimation by Request
      0.21 Acres

      Long Al

      VACANT COMMERCIAL LAND
      Long Al, Canal Winchester, OH 43110
      View Details
    • Value Estimation by Request
      0.27 Acres

      Castle Rock Dr

      VACANT COMMERCIAL LAND
      Castle Rock Dr, Canal Winchester, OH 43110
      View Details
    • Value Estimation by Request
      63.13 Acres

      4647 Gender Rd

      VACANT COMMERCIAL LAND
      4647 Gender Rd, Canal Winchester, OH 43110
      View Details
    • Value Estimation by Request
      0.40 Acres

      620 Waterloo St

      VACANT COMMERCIAL LAND
      620 Waterloo St, Canal Winchester, OH 43110-1021
      View Details
    • Value Estimation
      $4,790,000
      1.20 Acres

      Gender Rd

      VACANT COMMERCIAL LAND
      Gender Rd, Canal Winchester, OH 43110
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Redevelopment Land For Sale

      39.762 +/- acres of redevelopment land in Canal Winchester, Ohio.
      5424 Bixby Rd, Canal Winchester, OH 43110
      View Details
    • Contact for pricing

      Prime Land Near Future Exit

      7 acres of land with potential for retail or development.
      7010 Pickerington Rd, Canal Winchester, OH 43110
      View Details
    • Contact for pricing

      Development Land in Violet Township

      52.48 acres of development land in Fairfield County.
      Shade Dr, Canal Winchester, OH 43110
      View Details
    • New
      $170,000
      2.50 Acres

      Commercial Land Parcel with Zoning

      2.5-acre undeveloped commercial parcel with active road access near Waterloo Street.
      Cemetery Rd, Canal Winchester, OH 43110
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      35-AC Mixed-Use Development Opportunity

      Mixed-use development site in high-growth area near Columbus.
      8865 Diley Rd, Canal Winchester, OH 43110
      View Details
    • Contact for pricing

      Mixed-Use Development Land Available

      35-acre mixed-use development site in a high-growth area.
      Canal Winchester Rd, Canal Winchester, OH 43110
      View Details
    • Contact for pricing

      Prime Land in High-Growth Area

      35-AC mixed-use development site in a fast-growing Columbus suburb.
      Diley Rd NW, Canal Winchester, OH 43110
      View Details
    • Contact for pricing
      197,465 SF

      Industrial Space in Canal Winchester

      Available warehouse and distribution space in Canal Winchester, Ohio.
      6260-6300 Winchester Ln, Canal Winchester, OH 43110
      View Details
    • Contact for pricing
      221,316 SF

      Commercial Property in Canal Winchester

      Located off US-33 in Canal Winchester, Ohio.
      7697 Robinett Way, Canal Winchester, OH 43110
      View Details
    • Contact for pricing
      221,316 SF

      Warehouse Space in Canal Winchester

      Available warehouse space in Canal Winchester, Ohio totaling 221,316 square feet.
      7697 Robinett Way, Canal Winchester, OH 43110
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Chesterville Dr
    Canal Winchester, OH 43110
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Chesterville Dr, Canal Winchester, OH, 43110
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!