Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1232 Chestnut Street Hamilton, OH 45011

    View on Map
    Claim this Listing
    New
    For Sale
    Contact for pricing

    LAND - Hamilton, OH

    Lot size:
    0.08 Acres
    Added:
    Apr 9, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 10 at 3:06 pm

    Property Features for 1232 Chestnut Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    P6441-036-000-020
    Lot size
    0.08 Acres

    We can help!

    Listing Contact
    Shawnee Mcintosh

    Listing agent Shawnee Mcintosh

    Listing office RE/MAX Victory + Affiliates 7100 Foundry Row Suite #288-79, Beavercreek, OH

    Listing date Apr 9, 2026

    MLS# 1874666

    Copyright © 2026 MLS of Greater Cincinnati, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Land in Hamilton, OH

    This residential land is a single-family flat lot. The seller had a house drawn up for the property, and these drawings are available upon request. The lot is located in Hamilton, Ohio.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hamilton
    County
    Butler
    State
    Ohio
    Longitude
    -84.549771
    Latitude
    39.392408

    Nearby Similar for Sale

    • $575,000
      2,088 SF

      Lakefront Duplex with Acreage Potential

      New duplex on 2.85 acres with lake access and garage.
      2678 Jackson Road, St Clair Twp, OH 45011
      View Details
    • $550,000

      Fairfield Twp Commercial Land Available

      Development site in Bridgewater Falls area, subdividable.
      1 Princeton Road, Fairfield Twp, OH 45011
      View Details
    • $575,000

      Fairfield Twp Commercial Land Available

      Prime commercial land for development in Fairfield Twp, Ohio.
      Princeton Road, Fairfield Twp, OH 45011
      View Details
    • $390,000
      1,247 SF

      Commercial Building on Corner Lot

      1247 SF commercial building on a 0.7352 acre lot.
      3590 Pleasant Avenue, Hamilton, OH 45015
      View Details
    • $1.00
      23,802 SF

      Retail Space in Hamilton, OH

      Retail space available in newly renovated Hamilton property.
      877 NW Washington Boulevard, Hamilton, OH 45013
      View Details
    • $525,000

      Bridgewater Falls Area Development Site

      Development/building site in the Bridgewater Falls area, zoned agricultural.
      Walden Ponds Circle, Fairfield Twp, OH 45011
      View Details
    • $399,900
      5,740 SF

      Grocery Store with Renovated Apartment

      Commercial property featuring a grocery store and renovated apartment.
      2670 Benninghofen Avenue, Hamilton, OH 45015
      View Details
    • $560,000

      Commercial Land on Route 4

      3.45 acre commercial lot with frontage on Route 4.
      1798 Fairgrove Avenue, Hamilton, OH 45011
      View Details
    • $2,200,000

      Hamilton, OH Warehouse For Sale

      Warehouse with high bay dock doors and large parking area.
      940 Symmes Avenue, Hamilton, OH 45015
      View Details
    • $135,000

      Residential Land Opportunity in Hamilton

      Buildable residential parcels totaling nearly 0.55 acre in Lindenwald.
      Foster Avenue, Hamilton, OH 45015
      View Details
    • $198,900
      3,012 SF

      Hamilton Multifamily Property with Potential

      Multifamily property in German Village with income potential.
      431 N Third Street, Hamilton, OH 45011
      View Details
    • $332,900

      46+ Acre Recreational Land Tract

      Private 46+ acre tract with recreation and agricultural potential.
      Depot Road, Milford Twp, OH 45013
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Single-family flat lot available in Hamilton, Ohio.
    Where is this residential land & home lot located?
    The property is located at 1232 Chestnut Street Hamilton, OH.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Single family flat lot; House drawings available, ready for your vision; Potential for new construction
    (937) 626-7002
    We can help!
    Listing Contact
    Shawnee Mcintosh
    Learn More
    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.
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!