Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Former Bank in Liberty Township Title is generated by Realmo AI

    7405 N Liberty Dr, Middletown, OH

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Highly visible outlot in a booming market near I-75.

    Type:RETAIL
    Property size:
    3,293 SF
    Lot size:
    1.12 Acres
    Price / SF:
    $455/SF
    Added:
    Apr 14, 2025
    Days on Market:
    419
    Last Refresh:
    May 20 at 8:01 pm

    Property Features for 7405 N Liberty Dr

    General Information

    Standard status
    Active
    Size
    3,293 SF
    Lot size
    1.12 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Rusty Myers
    Rusty Myers

    Listing agent Rusty Myers

    Listing office JLL | Cincinnati

    Listing date Apr 14, 2025

    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 JLL | Cincinnati

    HighLights

    • Highly visible outlot location in the booming Liberty Township market.
    • Easy access to I‑75 and Butler County Veterans Highway.
    • Adjacent to Cincinnati Children’s Hospital Liberty Campus and Lakota East High School.
    • Located in front of the Liberty Township Kroger.
    • Highly trafficked area.
    • Former PNC Bank.

    Overview

    This former PNC Bank property is situated in front of the Liberty Township Kroger, positioned on Yankee and Cincinnati Dayton Roads. The highly visible outlot location benefits from its location in the Liberty Township market, offering convenient access to I-75 and the Butler County Veterans Highway. The property is adjacent to Cincinnati Children’s Hospital Liberty Campus and Lakota East High School, placing it within a high-traffic area in the central Liberty Township market. The property size is 3,293 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Butler
    State
    Ohio
    Longitude
    -84.3983
    Latitude
    39.5151

    Nearby Similar for Sale

    • $300,000
      12,197 SF

      Value-Add Flex Opportunity

      Vacant flex building with customization potential on high-visibility corner lot.
      3125 Yankee Road, Middletown, OH 45044
      View Details
    • $299,000
      2,841 SF

      Turnkey Duplex with Renovated Unit

      Duplex with separate-entry basement and renovated upstairs unit, currently producing $2,500 monthly gross income from two tenants.
      7 N Sutphin Street, Middletown, OH 45042
      View Details
    • $219,999
      4,532 SF

      Mixed-Use Investment Property

      Two-level building combines a ground-floor barber shop with upstairs residential apartments for flexible income potential.
      28 Curtis Street, Middletown, OH 45044
      View Details
    • $400,000

      Light Manufacturing Warehouse Building

      Two-unit light manufacturing and warehouse building with 16-foot wall height and multiple overhead doors on 1.37 acres.
      6850 Trenton Franklin Rd., Middletown, OH 45042
      View Details
    • $194,900
      2,176 SF

      Updated Fully Occupied Duplex

      A turn-key, fully occupied duplex with separate utilities and multiple recent updates, well-suited for income-focused investors.
      40 Crawford Street, Middletown, OH 45044
      View Details
    • $199,000
      1,830 SF

      Two Homes on One Parcel

      Two single-family homes on one parcel, great for investors.
      3120 Illinois Ave, Middletown, OH 45042
      View Details
    • $94,900
      2,204 SF

      Historic Commercial Building in Middletown

      Historic building suitable for cafe, retail, or restaurant use.
      1912 Tytus Avenue, Middletown, OH 45042
      View Details
    • $625,000
      8,000 SF

      Middletown Health Care Office Space

      8,000 SF medical office with patient rooms and basement.
      74 N Breiel Blvd, Middletown, OH
      View Details
    • $165,000
      3,548 SF

      Mixed-Use Property with Office, Residence

      Mixed-use property featuring office space and residential unit.
      2003 Central Avenue, Middletown, OH 45044
      View Details
    • $150,000

      SINGLE_FAMILY - Middletown, OH

      136 N Breiel Boulevard, Middletown, OH 45042
      View Details
    • $2,498,130
      1,649 SF

      New Starbucks with Drive-Thru

      New Starbucks with drive-thru, corporately guaranteed, high-traffic location.
      6730 Roosevelt Ave, Middletown, OH
      View Details
    • $1.00
      3,548 SF

      Professional Office Space in Middletown

      Office space in high-traffic area with versatile layout.
      2005 Central Avenue, Middletown, OH 45044
      View Details

    FAQs

    What type of property is this?
    Bank - Highly visible outlot in a booming market near I-75.
    Where is this bank located?
    The property is located at 7405 N Liberty Dr Middletown, OH.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Highly visible outlot location in the booming Liberty Township market.; Easy access to I‑75 and Butler County Veterans Highway.; Adjacent to Cincinnati Children’s Hospital Liberty Campus and Lakota East High School.
    (513) 241-4600 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Rusty Myers
    Rusty Myers
    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
    7405 N Liberty Dr, Middletown, 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!