Listing Agency: Plum Tree Realty Show Phone

Listed By: Najwa Altai Show Phone

Source: Exprealty

Added: Jun 17 Changed: Oct 5 Last Checked: Oct 23 at 11:07AM

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Investment Insights

Based on property information with market context.

This highly visible commercial property offers a flexible layout suited for retail, office, or service use, with additional value as an investment. The site includes exceptional road frontage and is positioned for strong day-to-day visibility.

Located along the heavily traveled State Route 28 corridor in Harlan Township, the property provides easy access to surrounding communities. It benefits from consistent daily traffic and a prominent position within one of Warren County’s expanding commercial corridors.

The offering combines a versatile commercial interior with a generous site configuration designed to support a range of business and redevelopment possibilities.

Key Highlights

• Versatile commercial property with storefront and office space on the State Route 28 corridor
• Located on a high‑traffic route with exceptional road frontage
• Suitable for multiple uses including retail, office, and service

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,941

Cap Rate

5.85%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$438,820 $438.8K

Cap Rate 7%

$313,443 $313.4K

Cap Rate 9%

$243,789 $243.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,204 SF

Gross rent

$32.5K $27.00/SF

− Vacancy

−$1.2K −$0.97/SF

EGI

$31.3K $26.03/SF

− OpEx

−$9.4K −$7.81/SF

NOI

$21.9K $18.22/SF

Area

Clinton County, OH

Vacancy

3.58%

Lease Rate

$27.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$438,820

Cap Rate 7%

$313,443

Cap Rate 9%

$243,789

Alternative Uses

Best Use

Retail

$313.4K

$274.3K – $365.7K (±1% cap)

NOI $21,941 @ 7.0% cap · market cap 5.85%

Second Best

—

—

no second resolved use

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Hair Salon Dental Office Storage Facility Law Firm Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

63

Businesses Nearby

8k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 67% Dining 33%

Dollar General Shops & Services

5,660 visits/mo 0.1 miles

SUBWAY Dining

2,740 visits/mo 0.4 miles

Demographics for 45107, OH

9,806

Population

3,656

Households

2.7

Avg Household Size

41

Median Age

12%

College-Educated

89%

High-School Grad

80.6 sq mi

ZIP Area

122

Density / Sq Mi

$65,625

Median Household Income

$33,915

Median Earnings

$918

Median Rent

$196,300

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - Versatile storefront and office space on a high-traffic State Route 28 corridor with exceptional road frontage.

Where is this storefront property located?

The property is located at 10984 State Route 28 Blanchester, OH.

What is the asking price?

The asking price for this property is $375,000.

What are key features of this property?

This property features: Versatile commercial property with storefront and office space on the State Route 28 corridor; Located on a high‑traffic route with exceptional road frontage; Suitable for multiple uses including retail, office, and service