Mixed-Use Land Assemblage with
For Sale
$1,500,000
1234 Old St Rt 74, Batavia, OH 45103
Commercial Sale, Union Twp, OH
Property Size5,000 SF
Lot Size14.57 Acres
Price / SF$300
Days on Market105
Property Features for 1234 Old St Rt 74
General Information
Property type
Commercial Sale
Property subtype
Other
Interior features
Smoke Detector
Exterior features
Outside Storage
Directions
275E, Old 74E
Subdivision
Clermont-C01
Standard status
Active
APN
413103B247
Lot size
14.57 Acres
Utilities
Heating system
Natural Gas, Forced Air
Building Details
Year built
1995
Flooring type
Tile, Carpet
Building materials
Brick, Vinyl Siding
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
eXp Realty
(216) 242-2322
Listed By:
Stephen Haley
(866) 212-4991
Added: May 9
Changed: Aug 20
Last Checked: Aug 21 at 4:06PM
MLS# 1878676
Copyright © 2026 MLS of Greater Cincinnati, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 14.565-acre Eastgate assemblage includes four houses, a primary residence, and a 5,000 SF shop, all set across multiple parcels. The property is described as having both commercial and residential zoning, and a fire hydrant is located mid-property, supporting on-site service needs for an operating or development plan. Dual street access is also noted, which can improve access and logistics for service business or contractor use.
The offering is located at 1234 Old St Rt 74 in Union Twp, Ohio (Clermont County). The public remarks indicate the site is centrally located near a new overpass, providing quick access to US-32 and I-275.
For buyers looking for a consolidated footprint with existing improvements and flexible zoning designations, this assemblage provides land and infrastructure to accommodate a range of service-oriented uses or future redevelopment.
The offering is located at 1234 Old St Rt 74 in Union Twp, Ohio (Clermont County). The public remarks indicate the site is centrally located near a new overpass, providing quick access to US-32 and I-275.
For buyers looking for a consolidated footprint with existing improvements and flexible zoning designations, this assemblage provides land and infrastructure to accommodate a range of service-oriented uses or future redevelopment.
Key Highlights
- 14.5‑acre Eastgate assemblage with 4 houses, a primary residence, and a 5,000 SF shop on multiple parcels
- Zoned for both commercial and residential use across the parcel assemblage
- Dual street access and a fire hydrant located mid‑property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$47,025
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$940,500
$940.5K
Cap Rate 7%
$671,786
$671.8K
Cap Rate 9%
$522,500
$522.5K
Market Conditions
NOI Build-Up for 5,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$90.0K $18.00/SF
− Vacancy
−$4.5K −$0.90/SF
EGI
$85.5K $17.10/SF
− OpEx
−$38.5K −$7.69/SF
NOI
$47.0K $9.41/SF
Area
Clermont County, OH
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$940,500
Cap Rate 7%
$671,786
Cap Rate 9%
$522,500
Alternative Uses
Best Use
Apartment 5plus
$671.8K
$587.8K – $783.8K
NOI $47,025 @ 7.0% cap · market cap 3.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$896.4K
$784.4K – $1.05M
NOI $62,748 @ 7.0% cap · market cap 4.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
150
Businesses Nearby
Explore this area
Business Placement
Demographics for 45103, OH
35,237
Population
14,928
Households
2.4
Avg Household Size
39
Median Age
27%
College-Educated
90%
High-School Grad
85.3 sq mi
ZIP Area
413
Density / Sq Mi
$81,837
Median Household Income
$45,027
Median Earnings
$1,050
Median Rent
$242,700
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Single family property - 14.5-acre assemblage with four houses, a primary residence, and a 5,000 SF shop on multiple parcels.
Where is this single family property located?
The property is located at 1234 Old St Rt 74 Batavia, 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: 14.5‑acre Eastgate assemblage with 4 houses, a primary residence, and a 5,000 SF shop on multiple parcels; Zoned for both commercial and residential use across the parcel assemblage; Dual street access and a fire hydrant located mid‑property
