Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    421 N High St Hillsboro, OH 45133

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Vacant retail property with drive-thru on a hard corner.

    Property size:
    10,004 SF
    Lot size:
    1.03 Acres

    Property Features for 421 N High St

    General Information

    Size
    10,004 SF
    Lot size
    1.03 Acres

    We can help!

    Listing Contact
    Zamaris M Garcia
    Source: Moodyscre

    Listing Agent: Zamaris M Garcia

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

    Learn more

    Property Insight Report

    Overview

    Vacant Retail Box with Drive-Thru

    This vacant retail property, situated on a hard corner, features a drive-thru and pylon signage. The property benefits from visibility and ample parking. It is located on U.S. Hwy 62, directly across from Fifth Third Bank at 421 N High Street, Hillsboro, OH 45133. Traffic counts on N High Street are 16,039 ADT. The property size is 10,004 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Hillsboro
    County
    Highland
    State
    Ohio
    Longitude
    -83.6104992
    Latitude
    39.2073162

    Nearby Similar for Sale

    • $749,000
      5,760 SF

      Hillsboro Manufacturing and Production Facility

      First-class manufacturing facility with proprietary processes and trademarked products.
      100 Homestead Ave, Hillsboro, OH 45133
      View Details
    • $475,000
      19,371 SF

      Historic Bell's Opera House

      Landmark property in downtown Hillsboro with income potential.
      109 S High St, Hillsboro, OH 45133
      View Details
    • $885,000
      Pending

      Marshall Twp Commercial Property For Sale

      Commercial property in Marshall Twp, OH, with acreage.
      10295 St Rt 124, Hillsboro, OH 45133
      View Details
    • $1,400,000
      11,396 SF

      Hillsboro Commercial Building For Sale

      Well-maintained commercial building in high-traffic area, leased through July 2027.
      514 Harry Sauner Rd, Hillsboro, OH 45133
      View Details
    • $164,500
      Pending

      Multifamily Property with Expansion Potential

      Investment property with growth opportunity in Paint Twp, Ohio.
      6611 Beechwood Rd, Hillsboro, OH 45133
      View Details
    • $299,000
      3,720 SF

      Mixed-Use Building in Downtown Hillsboro

      Two-story commercial building with prime visibility and income potential.
      126 N High St, Hillsboro, OH 45133
      View Details
    • $225,000
      0.75 Acres

      Hillsboro Car Wash Business

      Established car wash business with self-service and automatic bays.
      628 S High St, Hillsboro, OH 45133
      View Details
    • $99,000
      0.15 Acres

      Hillsboro Commercial Condominium For Sale

      6114 SF condominium in North High Business Center.
      1487 N High St, Hillsboro, OH 45133
      View Details
    • $134,900
      1,300 SF

      Mixed-Use Building in Downtown Hillsboro

      Downtown building with commercial space and apartment.
      136 W Main St, Hillsboro, OH 45133
      View Details
    • $249,000
      0.37 Acres

      Corner Lot Car Wash Opportunity

      High-traffic corner lot with car wash and rental house.
      517 E Main St, Hillsboro, OH 45133
      View Details
    • New
      $1,400,000
      11,396 SF

      Hillsboro Commercial Building For Sale

      Income-producing commercial building in high-traffic area, leased through July 2027.
      514 Harry Sauner Rd, Hillsboro, OH 45133
      View Details
    • $425,000

      Versatile Multi-Purpose Structures on Large Acreage

      Multi-purpose structures suitable for various uses on 13.715 acres.
      6101 State Route 247, Hillsboro, OH 45133
      View Details

    FAQs

    What type of property is this?
    Storefront property - Vacant retail property with drive-thru on a hard corner.
    Where is this storefront property located?
    The property is located at 421 N High St Hillsboro, OH.
    What are key features of this property?
    This property features: - Hard corner location with drive-thru.; - Prominently situated on U.S. Hwy 62.; - High traffic count: 16,039 ADT on N High Street.
    (513) 382-5413
    Request Owner's contact information
    421 N High St Hillsboro, OH 45133
    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.
    421 N High St
    Hillsboro, OH 45133
    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
    421 N High St Hillsboro, OH 45133
    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
    Zamaris M Garcia
    (513) 382-5413
    Learn more
    Google sign-in failed. Please try again or use another login method.