Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Land Ready for Development Title is generated by Realmo AI

    1000 Commerce Center Dr, Franklin, OH

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    10 acres available for lease near I-75 in Franklin.

    Type:LAND
    Lot size:
    10.00 Acres
    Added:
    Mar 21, 2024
    Days on Market:
    808
    Last Refresh:
    May 20 at 10:00 pm

    Property Features for 1000 Commerce Center Dr

    General Information

    Standard status
    Active
    Lot size
    10.00 Acres
    Property subtype
    LAND

    Properties For Sale

    at 1000 Commerce Center Dr Contact us

    We can help!

    Listing Contact
    Jeff Baumgardner
    Jeff Baumgardner

    Listing agent Jeff Baumgardner

    Listing office Schueler Group Henkle-Schueler, REALTORS

    Listing date Mar 21, 2024

    Source Moodyscre

    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 Schueler Group Henkle-Schueler, REALTORS

    HighLights

    • Proposed 50,000 - 100,000 SF spec building on 10 acres.
    • Excellent location: Just 0.5 miles from I‑75.
    • Build‑to‑suit or Lease‑to‑Suit options available.
    • Financial incentives available from City of Franklin.
    • All utilities on‑site.
    • High quality business park with upscale tenants.

    Overview

    This property features 10 acres of land suitable for commercial development. A proposed 50,000 to 100,000 square foot spec building is planned for the site. The location is in a high-quality business park with upscale tenants. Build-to-suit or lease-to-suit options are available. All utilities are on-site. The property is located just 0.5 miles from I-75. Financial incentives are available from the City of Franklin. Two phases of construction are proposed to accommodate the needs of growing businesses.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Warren
    State
    Ohio
    Longitude
    -84.274
    Latitude
    39.5671

    Nearby Similar for Sale

    • $1.00
      6,145 SF

      Medical Office Space with Exam Rooms

      Turnkey medical buildout with exam, x-ray, surgery, and lab rooms, plus new HVAC for a specialized practice.
      333 Conover Drive, Franklin, OH 45005
      View Details
    • $1,456,000
      11,315 SF

      Modern Office Building For Sale

      Prime office building built in 2009 near Atrium Medical Center.
      5900 Long Meadow Dr, Franklin, OH
      View Details
    • $399,000
      1,285 SF

      Automotive Garage with Sales Approval

      B-2 zoned automotive property with lift and approved automotive sales use at a high-AADT intersection.
      4500 S Dixie Hwy, Franklin, OH
      View Details
    • $907,500

      Land Suitable for Development

      Land suitable for corporate, industrial, medical, and R&D uses.
      Union Rd, Franklin, OH
      View Details
    • $399,900

      Franklin Mixed-Use Property For Sale

      Mixed-use property on 0.43 acres in Franklin, Ohio.
      4500 Dixie Highway Franklin, OH 45005
      View Details
    • $100,000
      1,860 SF

      Fully Rented Multifamily Investment

      Three-unit multifamily property producing income in Franklin, Ohio.
      5 River, Franklin, OH 45005
      View Details
    • $299,000

      Corner Lot Redevelopment Opportunity

      Prime commercial property with redevelopment potential in Franklin, OH.
      140 South River Street, Franklin, OH 45005
      View Details
    • Contact for pricing
      5,528 SF

      Former Restaurant Building For Lease

      5,529 SF former restaurant available for lease.
      8201 Claude-Thomas Rd, Franklin, OH
      View Details
    • Contact for pricing

      109 Acres in Franklin, OH

      109 acres of land available for sale in Franklin, OH.
      Shaker Rd, Franklin, OH
      View Details
    • Contact for pricing

      Franklin, OH Land For Sale

      140.7 acres of land available in Franklin, OH.
      3500 Commerce Center Dr, Franklin, OH
      View Details
    • Contact for pricing

      140.7 Acres Land For Sale

      140.7 acres of land available for sale in Franklin, OH.
      Commerce Center Dr, Franklin, OH
      View Details
    • Contact for pricing

      Franklin, OH Land For Sale

      140.7 acres of land available in Franklin, OH.
      8638 Deardoff Rd, Franklin, OH
      View Details

    FAQs

    What type of property is this?
    Land - 10 acres available for lease near I-75 in Franklin.
    Where is this land located?
    The property is located at 1000 Commerce Center Dr Franklin, OH.
    What are key features of this property?
    This property features: Proposed **50,000 - 100,000 SF spec building** on 10 acres.; **Excellent location:** Just 0.5 miles from I‑75.; Build‑to‑suit or Lease‑to‑Suit options available.
    (937) 684-2023 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jeff Baumgardner
    Jeff Baumgardner
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1000 Commerce Center Dr, Franklin, OH
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!