If you do not want to spend any money, your only way to do this is using a Virtualk appliance or VM that presents the NFS.
You have to remember though, if you present the local storage as NFS, then decide to patch your host / use maintenance mode, or the host crashes for whatever reason, your data is immediately inaccessible to all VMhosts that have been using the storage. As such, you are likely to only want to allo wVMs hosted on this host to actually use this storage.
Needless to say, this is no different to just presenting the storage as a local datastore and hosting whatever you like on it.
I can appreciate that you may feel that local storage is wasted on an ESX host, but it can still be used.
I use mine for hosting templates and ISO that I need for various operations in my environment, as well as occasional copies of VMs(in instances where I want a long term copy and a snapshot would be inefficient)
If it is something that I want availlable on all hosts (but can accept downtime), I'll present it using an appliance.