Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Buildable Lot in Middletown, OH Title is generated by Realmo AI

    425 McKinley Street, Middletown, OH 45042

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at 425 McKinley Street, Middletown, OH
    For Sale
    Contact for pricing

    LAND - Middletown, OH

    Lot size:
    0.15 Acres
    Added:
    Mar 29, 2026
    Days on Market:
    49
    Last Refresh:
    May 16 at 8:06 pm

    Property Features for 425 McKinley Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    Q6532-031-000-042
    Lot size
    0.15 Acres

    We can help!

    Listing Contact
    Zachary Ferrell

    Listing agent Zachary Ferrell

    Listing office Keller Williams Advisors 9277 Centre Pointe Dr, Cincinnati, OH

    Listing date Mar 29, 2026

    MLS# 1873148 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.

    HighLights

    • Buildable lot ready for your dream home
    • Approved building plan included, saving you time and expense
    • Survey included for your convenience
    • Located in Middletown
    • Seller motivated
    • Lot available

    Overview

    This 0.15-acre lot is located in Middletown, Ohio. The property includes a survey and an already approved building plan. This buildable lot presents a development opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Butler
    State
    Ohio
    Longitude
    -84.4567
    Latitude
    39.5538

    Nearby Similar for Sale

    • $300,000
      12,197 SF

      Value-Add Flex Opportunity

      Vacant flex building with customization potential on high-visibility corner lot.
      3125 Yankee Road, Middletown, OH 45044
      View Details
    • $375,000
      5,508 SF

      Middletown Multifamily Investment Opportunity

      Fully occupied four-unit property with long-term tenants and upside potential.
      3212 Elman Drive, Middletown, OH 45044
      View Details
    • $165,000
      3,548 SF

      Mixed-Use Property with Office, Residence

      Mixed-use property featuring office space and residential unit.
      2003 Central Avenue, Middletown, OH 45044
      View Details
    • $199,900
      2,176 SF

      Updated Duplex in Middletown, OH

      Fully occupied, updated duplex with separate utilities and strong income.
      40 Crawford Street, Middletown, OH 45044
      View Details
    • $625,000
      8,000 SF

      Middletown Health Care Office Space

      8,000 SF medical office with patient rooms and basement.
      74 N Breiel Blvd, Middletown, OH
      View Details
    • $1.00
      3,548 SF

      Professional Office Space in Middletown

      Office space in high-traffic area with versatile layout.
      2005 Central Avenue, Middletown, OH 45044
      View Details
    • $2,498,130
      1,649 SF

      New Starbucks with Drive-Thru

      New Starbucks with drive-thru, corporately guaranteed, high-traffic location.
      6730 Roosevelt Ave, Middletown, OH
      View Details
    • $3,950,000

      367 Acres Near Middletown

      Large land parcel with agricultural and development potential.
      881 Middletown Eaton Road, Madison Twp, OH 45042
      View Details
    • $3,950,000

      367 Acres Near Middletown

      Large acreage with agricultural and development potential near Middletown, OH.
      881 Middletown Eaton Road, Middletown, OH 45042
      View Details
    • $150,000

      SINGLE_FAMILY - Middletown, OH

      136 N Breiel Boulevard, Middletown, OH 45042
      View Details
    • $1,500,000
      3,293 SF

      Former Bank in Liberty Township

      Highly visible outlot in a booming market near I-75.
      7405 N Liberty Dr, Middletown, OH
      View Details
    • $1,981,266
      11,180 SF

      Dollar Tree NNN Investment

      Single-tenant Dollar Tree with 8.5 years remaining on lease.
      1915 Central Ave, Middletown, OH 45044
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Buildable lot with approved building plan in Middletown, Ohio.
    Where is this residential land & home lot located?
    The property is located at 425 McKinley Street Middletown, 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: Buildable lot ready for your dream home; Approved building plan included, saving you time and expense; Survey included for your convenience
    (513) 766-9200
    We can help!
    Listing Contact
    Zachary Ferrell
    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

    Thank You for Inquiry
    425 McKinley Street, Middletown, OH 45042
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!