Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land on State Route Title is generated by Realmo AI

    6218 St Rt 727, Goshen, OH 45122

    View on Map
    Claim this Listing
    For Sale
    $185,000

    COMMERCIAL - Wayne Twp, OH

    Property size:
    1,476 SF
    Lot size:
    2.00 Acres
    Price / SF:
    $125/SF
    Added:
    Mar 30, 2026
    Days on Market:
    50
    Last Refresh:
    May 18 at 7:06 am

    Property Features for 6218 St Rt 727

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Exterior features
    Part Fenced
    Fencing
    Fenced
    Standard status
    Active
    APN
    49-34-11G-156.
    Size
    1,476 SF
    Lot size
    2.00 Acres

    Building Details

    Year built
    1959
    Flooring type
    Concrete
    Building materials
    Block
    Roof type
    Metal

    We can help!

    Listing Contact
    Gina Dubell-Smith
    Gina Dubell-Smith

    Listing agent Gina Dubell-Smith License #0000423340

    Listing office eXp Realty 300 E Business Way, Suite 200, Dublin, OH

    Listing date Mar 30, 2026

    MLS# 1873313

    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

    • High‑visibility location with direct frontage on State Route 727.
    • Large 2‑acre lot suitable for building, parking, storage, and expansion.
    • Serves a growing residential population with limited nearby competition.
    • Ideal for retail, service, or contractor‑based businesses.
    • Convenient access to multiple state routes and recreational destinations.
    • Located in a growing corridor of Clermont County, offering long‑term investment potential.

    Overview

    This 2-acre commercial property is located along State Route 727 in Wayne Twp, OH. It offers accessibility and flexibility, with untapped market potential. The site benefits from direct road frontage and steady local traffic, serving a growing residential population within a 10-15 minute drive. Limited nearby competition makes it ideal for retail, service, or contractor-based uses. The expansive acreage provides ample space for building, parking, storage, or future expansion. Conveniently located near multiple state routes and recreational destinations, within a growing corridor of Clermont County, this property is well-positioned for both immediate use and long-term investment.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $159.3K
    NOI $14,336 @ 9.00% cap · cautious / downside scenario
    Moderate
    $204.8K
    NOI $14,336 @ 7.00% cap · market / base-case scenario
    Aggressive
    $286.7K
    NOI $14,336 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Retail

    Component $ $/SF
    Gross rent $22.1k $15.00
    − Vacancy −$1.7k −$1.13
    EGI $20.5k $13.88
    − OpEx −$6.1k −$4.16
    NOI $14.3k $9.71
    1,476 SF · lease $15.00/SF/yr · vacancy 7.50% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $204.8K
    $179.2K – $238.9K (±1% cap)
    NOI $14,336 @ 7.0% cap · market cap 7.75%
    Second Best
    Office B
    $198.5K
    $173.7K – $231.5K (±1% cap)
    NOI $13,892 @ 7.0% cap · market cap 7.51%
    Theoretical Best
    Office A
    $264.6K
    $231.5K – $308.7K (±1% cap)
    NOI $18,523 @ 7.0% cap · market cap 10.01%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Goshen
    County
    Clermont
    State
    Ohio
    Longitude
    -84.1209
    Latitude
    39.2233

    Nearby Similar for Sale

    • $275,000
      2,533 SF

      Renovated Commercial Space in Goshen

      Turnkey 2,533 SF commercial space, fully renovated and ready!
      1943 Main Street, Goshen Twp, OH 45122
      View Details
    • $179,900

      Land with Creek in Goshen

      7.9 acres of land with creek and home site.
      7167 Goshen Road, Goshen Twp, OH 45122
      View Details
    • $265,000
      1,800 SF

      8-Acre Land with Pole Barn

      Scenic land with pole barn and pond in Wayne Township.
      6216 St Rt 727, Wayne Twp, OH 45122
      View Details
    • $140,000

      Wooded Lot For Residential Use

      4.65 acre wooded lot perfect for a dream home.
      6149 Belfast Road, Stonelick Twp, OH 45122
      View Details
    • $889,000

      16.94 Acres in Goshen Twp

      16.94 acres suitable for developers, investors, and home builders.
      2055 St Rt 28, Goshen Twp, OH 45122
      View Details
    • $500,000

      Land on OH-28 Frontage

      Commercial land with frontage on OH-28, near I-275.
      6200 Patricia Blvd, Goshen, OH
      View Details
    • $299,000

      Five-Acre Corner Lot

      Five-acre corner lot ideal for commercial development.
      2460 State Route 28, Goshen, OH
      View Details
    • $337,500

      Land in Antique Acres Airpark

      15 acres of land in a gated aviation community.
      5502 Aviator Ave, Goshen, OH
      View Details
    • $150,000

      Commercial Land Ready For Renovation

      Commercial property with renovation potential and ample parking available.
      6218 State Route 727, Goshen, OH, 45122
      View Details
    • $649,000

      Land for Sale in Goshen

      Land available on State Route 28, Goshen, OH.
      State Route 28, Goshen, OH
      View Details
    • Contact for pricing
      20 SF

      20 Acres Zoned General Business

      20 acres of land zoned for general business use.
      State Route 28 & Patricia Blvd., Goshen, OH 45122
      View Details
    • $500,000

      Commercial Land on OH-28 Frontage

      Commercial land with frontage on OH-28, near I-275.
      6200 Patricia Blvd, Goshen, OH 45122
      View Details

    FAQs

    What type of property is this?
    Commercial land - Two-acre commercial opportunity with road frontage in Wayne Twp.
    Where is this commercial land located?
    The property is located at 6218 St Rt 727 Goshen, OH.
    What is the asking price?
    The asking price for this property is $185,000.
    What are key features of this property?
    This property features: High‑visibility location with direct frontage on State Route 727.; Large 2‑acre lot suitable for building, parking, storage, and expansion.; Serves a growing residential population with limited nearby competition.
    (866) 212-4991
    We can help!
    Listing Contact
    Gina Dubell-Smith
    Gina Dubell-Smith
    Real Estate License ID: 0000423340
    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
    6218 St Rt 727, Wayne Twp, OH 45122
    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!