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    Benjamin Johnson, Wylie, TX

    License ID: 2008003279
    Keller Williams Central
    Association
    Collin County Association Of Realtors Inc

    Service Locations

    Contact details

    Office Address:
    306 Lake Travis Dr, Wylie, TX, 75098

    Performance

    Listings
    15

    Listings

    For Sale (8)

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    • Contact for pricing
      55.00 Acres

      I-70 & US-42 Industrial Land

      Prime Ohio industrial land, build-to-suit
      0 I-70- & Us-42, West Jefferson, OH 43162
      View Details
    • $3,941,500
      78.83 Acres

      Prime Industrial Land: West Jefferson, OH

      78.83 Acres, $50k/Acre, I-70 Access
      0 Us Highway 40, West Jefferson, OH 43162
      View Details
    • Contact for pricing
      47.66 Acres

      I-70 & SR-29 Development Land

      47.66 Acres, Prime Ohio Location
      0 I-70 & Sr-29, West Jefferson, OH 43162
      View Details
    • Contact for pricing
      404.65 Acres

      Prime Commercial Land Near Columbus, OH

      404 Acres, Excellent I-71 Access
      14533 Oh-56, Mount Sterling, OH 43143
      View Details
    • $6,878,000
      68.78 Acres

      I-70 & SR 158 Development Land

      Prime Ohio Commercial/Industrial Land
      I-70 & Sr 158, Alexandria, OH 43033
      View Details
    • $5,300,000
      81,359 SF

      Hebron Warehouse For Sale

      81,359 SF Industrial Building, Ohio
      341 O Neill Dr, Hebron, OH 43025
      View Details
    • Contact for pricing

      West Jefferson Commercial Land

      65 Acres, Prime Development Site, Ohio
      0 Us Highway 40, West Jefferson, OH 43162
      View Details
    • Contact for pricing
      4.57 Acres

      Columbus Industrial Land - 4.57 Acres

      Prime Industrial Land, Build-to-Suit Opportunity
      4001 Groves Rd, Columbus, OH 43232
      View Details

    For Lease (7)

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    • Contact for pricing
      18,016 SF

      Cassady Ave Industrial Space

      Columbus Manufacturing/Flex Space Available
      682 Cassady Ave, Columbus, OH 43219
      View Details
    • Contact for pricing
      199,069 SF

      Columbus Industrial Build-to-Suit Land

      5-Acre Industrial Lot, Build-to-Suit Opportunity
      4001 Groves Rd, Columbus, OH 43232
      View Details
    • Contact for pricing
      2,400 SF

      Columbus Industrial Space for Lease

      2400 sq ft Manufacturing/Flex Space
      2901 4Th Ave, Columbus, OH 43219
      View Details
    • Contact for pricing
      81,359 SF

      Hebron Industrial Warehouse For Sale

      81,359 SF Warehouse, Excellent Location
      341 O Neill Dr, Hebron, OH 43025
      View Details
    • Contact for pricing
      789,630 SF

      West Jefferson Industrial Build-to-Suit

      47-acre pad-ready site, build-to-suit opportunity.
      46 Commerce Pkwy, West Jefferson, OH 43162
      View Details
    • $12 SF/Yr
      14,695 SF

      Worthington Rd Executive Office Space

      Westerville Office Building, 14,695 SF Available
      350 Worthington Rd, Westerville, OH 43082
      View Details
    • $301 /Mo
      2,870 SF

      Mount Vernon Industrial Flex Space

      2,870 SF Flex Space, 5 Acres
      8684 Columbus Rd, Mount Vernon, OH 43050
      View Details

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    Benjamin Johnson, Wylie, TX
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    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.

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    Benjamin Johnson, Wylie, TX
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