Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    508 Cherry Street Blanchester, OH 45107

    View on Map
    Claim this Listing
    For Sale
    $74,900

    LAND - Blanchester, OH

    Lot size:
    2.00 Acres
    Added:
    Mar 17, 2026
    Days on Market:
    52
    Last Refresh:
    May 7 at 11:06 pm

    Property Features for 508 Cherry Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    2.00 Acres

    We can help!

    Listing Contact
    Anthony Falgner

    Listing agent Anthony Falgner

    Listing office Falgner Realty LLC 941 Cherry St, Blanchester, OH

    Listing date Mar 17, 2026

    MLS# 1871983 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

    • Large 2‑acre wooded parcel offers privacy.
    • Conveniently located minutes from shopping and schools.
    • Public utilities are available at the street.
    • Option to build now or later.
    • Choice of using your own builder or the current developer.
    • Real estate investment opportunity.

    Overview

    Two Acre Wooded Land Parcel

    This is a 2-acre wooded parcel. It is located in close proximity to shopping and schools. Public utilities are available at the street. The property is located in Blanchester, Ohio, in Clinton County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    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
    Blanchester
    County
    Clinton
    State
    Ohio
    Longitude
    -83.982622
    Latitude
    39.293502

    Nearby Similar for Sale

    • $197,500

      Prime Commercial Acreage Available

      1.75+/- acres in ideal commercial location.
      950 Cherry Street, Blanchester, OH 45107
      View Details
    • $214,900

      Prime Commercial Acreage in Blanchester

      2.155 acres of commercial land in ideal location.
      950 Cherry Street, Blanchester, OH 45107
      View Details
    • $249,900

      Prime Commercial Acreage in Blanchester

      5.525 acres of commercial land in Blanchester, Ohio.
      950 Cherry Street, Blanchester, OH 45107
      View Details
    • $150,000

      Commercial Land in Blanchester, Ohio

      High-visibility commercial land suitable for various business ventures.
      753 W Main Street, Blanchester, OH 45107
      View Details
    • $1.00

      Blanchester Commercial Space For Sale

      Versatile commercial space in historic downtown Blanchester, Ohio.
      101 E Main Street, Blanchester, OH 45107
      View Details
    • $400,000

      Commercial Building on State Route 28

      Highly visible retail/office building on 1.46-acre lot in Blanchester.
      10984 St Rt 28, Harlan Twp, OH 45107
      View Details
    • $400,000
      3,973 SF

      Turnkey Mixed-Use Investment Opportunity

      Restaurant plus two apartments with month-to-month leases.
      136 S Broadway Street, Blanchester, OH 45107
      View Details
    • $42,500

      Residential Land in Blanchester, OH

      Residential land near shopping and schools with public utilities.
      510 Cherry Street, Blanchester, OH 45107
      View Details
    • $250,000
      1,302 SF

      Renovated Retail Building For Sale

      Historic Blanchester retail building with conversion potential.
      168 S Broadway Street, Blanchester, OH 45107
      View Details
    • $260,000

      Private 5-Acre Land Parcel

      5-acre parcel with utilities, build your dream home!
      7231 Watkins Starkey Road, Harlan Twp, OH 45107
      View Details
    • $115,000

      Ready-to-Build Land in Wayne Twp

      5 acres with utilities ready for your dream home.
      6316 Taylor Pike, Wayne Twp, OH 45107
      View Details
    • $84,900

      2.436 Acres in Blanchester, OH

      2.436-acre wooded parcel near shopping and schools.
      506 Cherry Street, Blanchester, OH 45107
      View Details

    FAQs

    What type of property is this?
    Land - Two acre wooded land parcel near shopping and schools.
    Where is this land located?
    The property is located at 508 Cherry Street Blanchester, OH.
    What is the asking price?
    The asking price for this property is $74,900.
    What are key features of this property?
    This property features: Large 2‑acre wooded parcel offers privacy.; Conveniently located minutes from shopping and schools.; Public utilities are available at the street.
    (937) 783-4040
    We can help!
    Listing Contact
    Anthony Falgner
    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
    508 Cherry Street, Blanchester, OH 45107
    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!