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

    1957 St Rt 730 Wilmington, OH 45177

    View on Map
    Claim this Listing
    For Sale
    $8,165,375

    LAND - Union Twp, OH

    Lot size:
    65.32 Acres
    Added:
    Dec 18, 2024
    Days on Market:
    491
    Last Refresh:
    Apr 23 at 12:06 am

    Property Features for 1957 St Rt 730

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    270130301000000
    Lot size
    65.32 Acres

    We can help!

    Listing Contact
    Jeffry Honnerlaw

    Listing agent Jeffry Honnerlaw

    Listing office Honnerlaw Real Estate Services 120 Fairway Dr Ste A, Wilmington, OH

    Listing date Dec 18, 2024

    MLS# 1826870 Listing URL

    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

    Wilmington Edge Land with Barn

    This unique property, located at the edge of Wilmington in Union Twp, OH, offers approximately 65.323 acres of land. It features approximately 54 acres of tillable land and a 60x96 pole barn, about 9 years old and in good condition, suitable for storage. Access to the property is provided by a deeded easement lane off of SR 730. The property may be ideal for combination with adjoining properties or for future development. An older farmhouse and outbuildings are present on the land but are uninhabitable.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Wilmington
    County
    Clinton
    State
    Ohio
    Longitude
    -83.859505
    Latitude
    39.416477

    Nearby Similar for Sale

    • $325,000
      3,000 SF

      Wilmington Office Space For Sale

      3000 sq ft office space remodeled in 2020.
      602 South Street, Wilmington, OH 45177
      View Details
    • $995,000
      9,636 SF

      Charming Office Building with Modern Addition

      Spacious office building with historic charm and modern amenities.
      825 W Locust Street, Wilmington, OH 45177
      View Details
    • $180,000
      1,100 SF

      Wilmington Commercial Property on Corner

      High-visibility corner commercial property suitable for retail or service businesses.
      239 W Locust Street, Wilmington, OH 45177
      View Details
    • $105,000

      Residential Lot with Wooded Views

      3.41 acre residential lot with creek and wooded views.
      21 Hunters Glen Drive, Wilmington, OH 45177
      View Details
    • Contact for pricing
      3,033 SF

      Former Restaurant with Drive-Thru

      3,033 SF restaurant with drive-thru on 1.2 acres.
      50 Roberts Rd, Wilmington, OH 45177
      View Details
    • $130,000

      Secluded Homesite in Wilmington, OH

      5-acre homesite near downtown Wilmington with cleared trees and road frontage.
      1200 Farmers Road, Wilmington, OH 45177
      View Details
    • Contact for pricing
      3,033 SF

      Former Restaurant on High-Traffic Corner

      Freestanding 3,033 SF restaurant with drive-thru on 1.2 acres.
      50 Roberts Rd, Wilmington, OH 45177
      View Details
    • $25,425,000

      Wilmington Commercial Land For Sale

      169.5 acres of commercial land with access from 3 roads.
      Rombach Avenue, Wilmington, OH 45177
      View Details
    • Contact for pricing
      5,492 SF

      Former Restaurant Building on Rombach

      5,492 SF building on 1.80 acres for lease.
      1341 Rombach Ave, Wilmington, OH
      View Details
    • $5,966,136

      Wilmington, OH Land For Sale

      Prime land for development with frontage on State Route 73.
      987 N Nelson Avenue, Wilmington, OH 45177
      View Details
    • Contact for pricing
      7,551 SF

      Retail Property on Progress Way

      Retail property with high visibility and signage opportunities.
      2751 Progress Way, Wilmington, OH
      View Details
    • $6,235,000

      214+ Acres Near Wilmington

      214.791 acre property with 146 tillable acres near Wilmington.
      US Rt 22 & 3, Union Twp, OH 45177
      View Details

    FAQs

    What type of property is this?
    Farm - 65+ acres near Wilmington with tillable land and barn.
    Where is this farm located?
    The property is located at 1957 St Rt 730 Wilmington, OH.
    What is the asking price?
    The asking price for this property is $8,165,375.
    What are key features of this property?
    This property features: Development potential and opportunity to combine with adjoining properties.; Approximately 54 acres of tillable land.; 60x96 pole barn (approximately 9 years old) in good condition.
    (937) 725-7833
    We can help!
    Listing Contact
    Jeffry Honnerlaw
    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!