Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    16.25 Acres Development Opportunity Title is generated by Realmo AI

    4440-4452 Navarre Ave, Oregon, OH

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Ideal development site for mixed-use or new auto sales.

    Type:LAND
    Lot size:
    16.25 Acres
    Added:
    Sep 24, 2024
    Days on Market:
    621
    Last Refresh:
    May 19 at 8:41 pm

    Property Features for 4440-4452 Navarre Ave

    General Information

    Standard status
    Active
    Lot size
    16.25 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Peter Shawaker
    Peter Shawaker

    Listing agent Peter Shawaker License #SAL.2020002257

    Listing office Reichle | Klein Group

    Listing date Sep 24, 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 Reichle | Klein Group

    HighLights

    • Ideal development site for mixed‑use, new auto sales, retail/office outlots, and residential.
    • 16.25 acres available with level topography and drainage.
    • High traffic count: 16,255 vehicles per day.
    • Utilities available: Water, Storm Sewer, Sanitary Sewer, Gas, and Electric.
    • Oregon master plan calls for C‑5 frontage.
    • Low annual real estate taxes: $1,320/year.

    Overview

    This 16.25-acre site presents a development opportunity suitable for mixed-use projects, new auto sales, retail or office outlots, and residential development such as condominiums or senior housing. The Oregon master plan designates the frontage as C-5. The site features level topography and drainage, with dimensions of 456 feet by 1,221 feet and an irregular west end. Multiple curb cuts are currently in place, as per site-plan approval. Traffic counts average 16,255 vehicles per day. The zoning is R-1, with the area east of the site zoned C-5 (Navarre Business District to full depth) due to the presence of a drive-in theater. Adjacent land includes Pearson Park to the north, residential properties to the south, a C-5 zoned drive-in theater to the east, and residential, C-5 office, and MV6 55+ senior housing to the west. Easements and restrictions are recorded. Utilities available include an 8-inch Oregon water line on the north side, municipal storm sewer, a 15-inch county sanitary sewer line on the south side, Columbia Gas, and Toledo Edison electric. Real estate taxes for the year 2018 totaled $1,320 annually for three parcels.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Auto Repair Shop Hair Salon Hotel & Motel Auto Parts Store Pharmacy Department Store Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Oregon
    County
    Lucas
    State
    Ohio
    Longitude
    -83.442
    Latitude
    41.6356

    Nearby Similar for Sale

    • $179,900
      2,906 SF

      Leased Medical Office Condo Suite

      Well-maintained medical office suite with multiple exam rooms and ADA-accessible restrooms in a professional setting near major healthcare.
      1050 Isaac Streets Drive #128, Oregon, OH 43616
      View Details
    • $1,280,000

      42 Acres Development Land

      Two parcels totaling 42 acres, ideal for development.
      5538 Navarre Ave, Oregon, OH
      View Details
    • Contact for pricing

      Established Coffee Shop Investment Opportunity

      Long-term leased coffee shop with franchisee guarantee.
      2655 Navarre Ave, Oregon, OH 43616
      View Details
    • $299,000
      1,146 SF

      Freestanding Retail Building with Billboard

      Well-maintained retail building with high exposure and digital billboard.
      2310 Woodville Rd, Oregon, OH
      View Details
    • $475,000

      42 Acres Industrial Land Available

      42 acres of industrial land with rail access.
      900 Stadium Rd, Oregon, OH 43616
      View Details
    • Contact for pricing

      Former Dental Office For Sale

      First-floor office in mixed-use building with ample parking.
      3015 Navarre Avenue, Oregon, OH 43616
      View Details
    • $179,000

      Versatile Land Parcel on SR2

      Land with frontage on SR2 and North Curtice Rd.
      7330 Jerusalem Road, Oregon, OH 43616
      View Details
    • Contact for pricing
      2,484 SF

      Freestanding Restaurant Building For Lease

      Freestanding restaurant building with high visibility and ample parking.
      2412 Woodville Rd, Oregon, OH
      View Details
    • $35,000

      Industrial Land Near Refineries

      Industrial land with utilities near major manufacturing and refineries.
      5255 Cedar Point Rd, Oregon, OH 43616
      View Details
    • Contact for pricing
      14,440 SF

      Industrial Property on York Street

      14,440 SF industrial property available for sale.
      3145 York Street, Oregon, OH 43605
      View Details
    • $25,000

      Vacant Land For Sale

      Vacant land available for sale in Oregon, OH.
      2716 Hayden Street, Oregon, OH 43616
      View Details
    • $249,900

      2.39 Acres Buildable Land

      Buildable land on heavily traveled road near retail.
      3736 Navarre Avenue, Oregon, OH 43616
      View Details

    FAQs

    What type of property is this?
    Commercial land - Ideal development site for mixed-use or new auto sales.
    Where is this commercial land located?
    The property is located at 4440-4452 Navarre Ave Oregon, OH.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: Ideal development site for mixed‑use, new auto sales, retail/office outlots, and residential.; 16.25 acres available with level topography and drainage.; High traffic count: 16,255 vehicles per day.
    (419) 794-3969 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Peter Shawaker
    Peter Shawaker
    Real Estate License ID: SAL.2020002257
    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
    4440-4452 Navarre Ave, Oregon, 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!