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    8000 Factory Shops Blvd Jeffersonville, OH 43128

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    For Sale
    Contact for pricing

    Mixed-use space near major developments with incentives available.

    Property size:
    29,317 SF

    Property Features for 8000 Factory Shops Blvd

    General Information

    Size
    29,317 SF

    Building Details

    Year built
    1993

    We can help!

    Listing Contact
    Bastian Gehrer
    Source: Naiglobal

    Listing Agent: Bastian Gehrer

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

    Learn more

    Property Insight Report

    Overview

    Versatile Flex, Industrial, Office Hub

    The Junction at Destination is positioned off the I-71 exit, minutes from Amazon Web Services’ campus and the Honda/LG EV battery plant. This versatile hub caters to flex, industrial, and office users. The existing retail infrastructure provides abundant parking, excellent truck access, and the ability to add dock and drive-in doors. It is functional for logistics, creative, and light manufacturing tenants. Located in a city-supported redevelopment zone, The Junction offers incentives, including buildout grants, tax abatements, and JobsOhio funding. The Junction at Destination is located about 40 minutes Southwest of Columbus, situated right off the exit of I-71 and OH-41 with about 20,899 VPD (2024). The available space ranges from 1,100 to 29,317 square feet. The property is undergoing rebranding for flex, industrial, and office use. It is located across the street from the 589-acre site purchased for the upcoming Amazon Web Services development and minutes from the Honda & LG Battery Facility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ohio Studio by ... Home Builder Rack Room Shoes Shoe Store WZAA 106.9 LPFM Radio Broadcaster SWEETWATER BAY Women'S Clothing Store 1942 Tacos and Tequila Mexican Restaurant

    Suggested Use

    Restaurant Auto Repair Shop Grocery Store Hotel & Motel Furniture Store Cafe & Coffee Shop Department Store Bakery Pet Store Discount Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jeffersonville
    County
    Fayette
    State
    Ohio
    Longitude
    -83.6030755
    Latitude
    39.6203075

    Nearby Similar for Sale

    • $584,000

      Farm Property with Two Homes

      17.46-acre farm featuring two homes, barns, and stocked pond.
      4842 State Route 734, Jeffersonville, OH 43128
      View Details

    FAQs

    What type of property is this?
    Flex space - Mixed-use space near major developments with incentives available.
    Where is this flex space located?
    The property is located at 8000 Factory Shops Blvd Jeffersonville, OH.
    What are key features of this property?
    This property features: - Located minutes from the $4B Honda & LG Battery Facility (est. to create 2,200 jobs) and across the street from the upcoming $10B Amazon Web Services Development.; - Located in a city-backed redevelopment zone, offering buildout grants, tax abatements, and JobsOhio funding.; - Abundant parking and excellent truck access due to existing retail infrastructure.
    (614) 940-4032
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    8000 Factory Shops Blvd Jeffersonville, OH 43128
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    Jeffersonville, OH 43128
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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
    8000 Factory Shops Blvd Jeffersonville, OH 43128
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    We can help!
    Listing Contact
    Bastian Gehrer
    (614) 940-4032
    Learn more
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