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    668 New Burlington Road Liberty Twp, OH 45177

    View on Map
    For Sale
    $969,900

    Acreage - Liberty Twp, OH

    Lot size:
    56.76 Acres
    Added:
    Jan 8, 2026
    Days on Market:
    83
    Last Refresh:
    Apr 1 at 4:06 am

    Property Features for 668 New Burlington Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Agricultural
    Exterior features
    Other
    Standard status
    Active
    APN
    190010302000000
    Lot size
    56.76 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Philip L Herman

    Listing agent Philip L Herman License #0000248397

    Listing office RE/MAX Real Estate Specialists 8000 Miller Farm Center Lane, Dayton, OH

    Listing date Jan 8, 2026

    MLS# 950397 Listing URL

    Copyright © 2026 Dayton Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    56.76 Acres in Liberty Twp

    This property features a total of 56.76 acres situated in both Greene and Clinton Counties, with 466 feet of frontage on New Burlington Road. Approximately 30.927 acres are located in Greene County, while 25.838 acres are in Clinton County. The county line bisects the property near its midpoint. The land includes 42 acres suitable for crops. A 44' X 59' Quonset building is present, equipped with two 12' wide and 11' high doors, plus a service door. The building has 200 amp electric service, and an additional 200 amp service is available for a new home. A well is available for livestock. A driveway provides access to the property, with a lane extending to the rear, where trails continue through a wooded area. Water is accessible at the street on New Burlington Road. The property offers opportunities such as farming the 42 crop acres, building an estate home, or developing a horse operation. There is an opportunity to additionally separately purchase the 3,000 sq ft house in the front at New Burlington Road sitting on 2.3 acres with a 48' X 36' barn+ a 71' X 22 ' shed. The vinyl sided 2 story house features 4 bedrooms, 1.5 baths, entry, living & dining rooms, kitchen, family room/study and has been completely remodeled in 2000. Metal roof 4 to 5 years. Heat pump 4 years. 3 car detached garage in sq ft with a 2 car door should this option also be of interest. There are 2 property taxes....one for Clinton County & one for Greene County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Liberty Twp
    County
    Butler
    State
    Ohio
    Longitude
    -83.859972
    Latitude
    39.56035

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    FAQs

    What type of property is this?
    Farm - Acreage in both Greene and Clinton Counties with multiple opportunities.
    Where is this farm located?
    The property is located at 668 New Burlington Road Liberty Twp, OH.
    What is the asking price?
    The asking price for this property is $969,900.
    What are key features of this property?
    This property features: 56.76 total acres in both Greene and Clinton Counties.; **42 acres of crop land.**; **44' X 59' Quonset building with two large doors, a service door, and 200 amp electric service.**
    (937) 436-9900
    We can help!
    Listing Contact
    Philip L Herman
    Real Estate License ID: 0000248397
    Learn More
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    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
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