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    0 Tyber Rd TR 118 - South Parcel Tiffin, OH 44883

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    For Sale
    $400,287

    13 acres of heavy industrial land with utilities on site.

    Type:Land
    Property size:
    13 SF
    Added:
    Nov 21, 2025
    Days on Market:
    133
    Last Refresh:
    Apr 1 at 11:02 pm

    Property Features for 0 Tyber Rd TR 118 - South Parcel

    General Information

    Standard status
    Active
    Size
    13 SF
    Property subtype
    Land

    We can help!

    Listing Contact
    Mark Baringer
    Mark Baringer

    Listing agent Mark Baringer License #OH #SAL.0000272275

    Listing office NAI Harmon Group

    Listing date Nov 21, 2025

    Source Naiglobal

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of NAI Harmon Group

    Overview

    Industrial Land Ready For Development

    This property features almost 14 acres of land zoned M-2 Heavy Industrial, suitable for manufacturing, processing, warehousing, research, or testing operations. All utilities are available to the site. Several due diligence reports have already been completed. The location provides strategic access to major highways and rail lines, including SR 53, U.S. 224, and SR 18, with the I-80/90 Ohio Turnpike nearby. Local and state incentives may be available. The Tiffin-Seneca County Micropolitan Area has been ranked #6 in the nation for economic development and has been recognized in Site Selection magazine's 2024 rankings. Expansions from American Plastics, National Machinery, and Webster Industries are major projects planned for 2024. Tiffin has two highly ranked universities providing a consistent pipeline of a talented labor pool and workforce development. Tiffin's revitalized downtown supports workforce needs. The property is located near major transportation routes including U.S. 224 SR 18, and SR 53 with proximity to Interstate 80/90 about 30 miles north, providing easy access to Toledo, Cleveland, and Columbus. Seneca County has a strong economic base and local and regional workforce drawing from a multi-county radius, making this a prime location for industrial development.
    Location Intelligence

    Current Use by Public Records

    Industrial land

    Map

    City
    Tiffin
    County
    Seneca
    State
    Ohio
    Longitude
    -83.2212
    Latitude
    41.154

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    FAQs

    What type of property is this?
    Industrial land - 13 acres of heavy industrial land with utilities on site.
    Where is this industrial land located?
    The property is located at 0 Tyber Rd TR 118 - South Parcel Tiffin, OH.
    What is the asking price?
    The asking price for this property is $400,287.
    What are key features of this property?
    This property features: Zoned M‑2 Heavy Industrial with all utilities to site, ready for development.; Strategically located near major transportation routes: SR 53, U.S. 224, SR 18, and I‑80/90 Ohio Turnpike.; Tiffin‑Seneca County Micropolitan Area ranked #6 nationally for economic development with 13 consecutive years in the top 10%.
    (419) 438-5839
    We can help!
    Listing Contact
    Mark Baringer
    Mark Baringer
    Real Estate License ID: OH #SAL.0000272275
    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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