Okay, some very basic things ...
ONE BLADE means ONE BLADE. It doesn't mean several blades. And since it is one blade, you can't use a simplified formula to get an approximation, you have actually to calculate it.
https://www.physicsforums.com/threads/propellers-moment-of-inertia.87204/I suggest to read this. The same formulas are also in my handbook for engineers and the guys who use it there work as aerodynamic engineers in the industry, so, I am very hesitant to take a forum in which basically pilots and sim-enthusiasts discuss engineering at a higher value than handbooks for engineers who actually build planes.
The next thing is, in your "I just scavenge the internet and find three formulas" strategy is, you got well, three formulas. One for the calculation of the intertia for a rectangular piece of metal, one for a cylindrical one and one for a disk. So, not knowing what those formulas actually describe, you averaged the result. Which describes a thing that is 1/3 cylinder, 1/3 sheet and 1/3 disk ... and has not the faintest visual similarity with a propeller. THERE IS NO DISK INVOLVED! WHERE DO YOU SEE A DISK???????
So, given that the sheet formula works with 1/12, disk with 1/2, you are here already about factor 6/3 means about factor 2 too high.
Even if you discard the disc part, averaging is not the way. Unless you have a propeller of which half the radius is hub, of course. Then your formula would be correct, but the propeller wouldn't pull much, would it? Lets see, do we have on this 70 inch propeller 35 inches hub? No, we don't!
The part of the radius covered by the blades is unequal bigger than the part covered by the hub. So, to be exact, you can't just average but have to look how much of the radius is blade and how much is hub. For example, if you have a 70in propeller with a hub diameter of 6 inches, you need to use
64in on the blades and 6in on the hub, not just 35in blade and 35in hub
Another basic ... if you have a 70in propeller, how much is the blade length? Well it is 35in-prop_diameter/2 ... because we talk radius here. Not diameter.
After we did the basics, lets go to the a little bit more complex things ...
Look at a propeller blade ... what do you see? Well, for sure no disk ... right? But you also don't see a rectangular sheet of metal. If you don't believe me, put your finger on the tip ... it's a tip, a point, not an edge ... that thing is not rectangular, it just isn't. It's more something between a triangle and some kind of leaf shape and twisted. Kind of like Tolkien's elven blades after a tank rolled over them.
So, if you want to be totally exact, you can only describe the inertia, such a blade produces by an integral over the whole length of the blade because every point on that blade had basically it's own distance from the center point, it's own run-back and it's own deviation from the center line of the blade. And I have no idea how to write such an integral in a text editor, so you may want to look it up.
However, this is for our purposes way too complex. If we use instead just a triangle, with the width at the widest point as base length, we are a little higher than the real result, but not so much that it would really matter. This is what I did. So my numbers, even they appear too low to you on your disk/rod/cylinder thing, are already on the high side.
Now, please look again at a propeller blade ... what else do you see? There is the end of the blade that connects to the hub, what shape does it have? Looks like a cylinder, right? So, there is a short piece looking like a cylinder that reaches into the hub. Well, actually that is the relevant piece of the hub, that is the majority of the mass that actually rotates in the hub. So, since this is an entirely different shape than the blade part, you need to calculate it on it's own and later add up.
So, I don't know where you travelled in the internet, I don't know what you found there. Honestly, I also lack the time and check on each site you may or may not have visited to look at the formulas there and check for what kind of application they are, but since you mixed already the disk formula into it, I assume, they didn't tell you for which application they are either. But I stand by my math and I think, backed up by a library full of engineering literature and the opinion of actual aircraft building engineers, I should. Although, I am aware, I took at least two short cuts that made me results a little bit too high, but still much lower than the unspeakable average formula. So, my opinion stands, the inertia you work with is too high ... which actually can be easily proven. If you take your pup on a runway, push full throttle and you need half the rudder way only to compensate for the torque, you built a plane that has a hard time to fly right-turns at all ... which is actually a disease, some planes and many helicopters in FG suffer from.