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

    Jack Rd Lebanon, OH 45036

    View on Map
    Sponsored
    For Sale
    $11,200,000

    LAND - Turtle Creek Twp, OH

    Lot size:
    46.77 Acres
    Days on Market:
    8
    Last Refresh:
    Mar 30 at 6:06 pm

    Property Features for Jack Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    13-22-200-020
    Lot size
    46.77 Acres

    We can help!

    Listing Contact
    Kristin Moore

    Keller Williams Advisors Realty

    Listing agent Kristin Moore

    Listing date Mar 23, 2026

    MLS# 1872433

    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.

    Learn more

    Property Insight Report

    Overview

    Industrial Land I-71 Frontage

    This light industrial zoned development site totals 46.772 acres across four parcels. It is located directly off Interstate 71 along the State Route 123 corridor, with access from Phillips Rd and Jack Rd. The property offers frontage on SR 123 with multiple access points, providing accessibility and circulation. The topography is predominantly level, allowing for efficient site development. Utilities including water and electric are available. The location provides I-71 access and regional connectivity to Cincinnati, Dayton, and Columbus. Positioned in a future high-growth corridor near a developing interchange, it offers long-term upside for developers, investors, or owner-users seeking interstate visibility and access. The property is located in Turtle Creek Twp, OH.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial land

    Map

    City
    Lebanon
    County
    Warren
    State
    Ohio
    Longitude
    -84.153267
    Latitude
    39.411401

    Nearby Similar for Sale

    • New
      $250,000
      0.39 Acres

      Prime Lebanon Commercial Opportunity

      High-visibility commercial space ideal for boutique fitness concepts.
      520 N Broadway St, Lebanon, OH 45036
      View Details
    • Contact for pricing
      5,733 SF

      Former Restaurant Building on 1.43 Acres

      5,733 SF building suitable for restaurant or retail use.
      5571 Rte 741, Lebanon, OH
      View Details
    • Contact for pricing
      34,651 SF

      Lebanon Industrial Property For Sale

      Industrial property with 34,651 square feet available for sale.
      360 Harmon Ave, Lebanon, OH 45036
      View Details
    • Contact for pricing
      1,117,950 SF

      I-75 Logistics Center

      Strategically located distribution center near I-75 with tax abatement.
      Ohio 63 & Un Rd, Lebanon, OH
      View Details
    • Contact for pricing
      1,183,475 SF

      Large Industrial Warehouse in Lebanon, OH

      1,183,475 SF industrial warehouse with cross-dock configuration available for sale.
      760 Encore Dr, Lebanon, OH
      View Details
    • Contact for pricing
      3,576 SF

      Raising Cane's Investment Opportunity

      Corporately owned Raising Cane’s in Loveland, OH for sale.
      3901 West Ave, Lebanon, OH
      View Details

    FAQs

    What type of property is this?
    Industrial land - 46.772 acres of light industrial land near I-71.
    Where is this industrial land located?
    The property is located at Jack Rd Lebanon, OH.
    What is the asking price?
    The asking price for this property is $11,200,000.
    What are key features of this property?
    This property features: - 46.772-acre development site zoned Light Industrial.; - Direct access to Interstate 71 and frontage on State Route 123.; - Strong regional connectivity to Cincinnati, Dayton, and Columbus.
    (513) 766-9200
    Request Owner's contact information
    Jack Rd Lebanon, OH 45036
    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.
    Jack Rd
    Lebanon, OH 45036
    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
    Jack Rd Lebanon, OH 45036
    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

    We can help!
    Listing Contact
    Kristin Moore
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!