Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    General Business Vacant Development Land Title is generated by Realmo AI

    5285 College Corner Pike, Oxford, OH 45056

    View on Map
    Claim this Listing
    For Sale
    $299,900

    Vacant, General Business-zoned lot on a high-traffic State Highway corridor near major retail and hospitality.

    Type:Land / Commercial Lot
    Property size:
    36,569 SF
    Price / SF:
    $8/SF
    Added:
    Oct 7, 2024
    Days on Market:
    608
    Last Refresh:
    Jun 6 at 4:29 am

    Property Features for 5285 College Corner Pike

    General Information

    Standard status
    Active
    Size
    36,569 SF
    Property subtype
    Land / Commercial Lot

    We can help!

    Listing Contact
    Kenneth A Thacker

    Listing agent Kenneth A Thacker License #2002017276

    Listing office Century 21 Thacker & Assoc.

    Listing date Oct 7, 2024

    Source Compass

    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 Century 21 Thacker & Assoc.

    HighLights

    • Vacant lot zoned General Business
    • Frontage: 219.0
    • Located on a high‑traffic State Highway corridor
    • Near O'Reilly Auto Parts, Wal‑Mart, hotels, and restaurants
    • Close to Miami University

    Overview

    The property is a vacant development lot zoned General Business. It is available for sale as land, providing flexibility for future commercial development subject to applicable regulations.

    The site is positioned along a State Highway described as a high-traffic count route. It is located near O’Reilly Auto Parts and close to Wal-Mart, hotels, and restaurants, with Miami University nearby.

    This configuration makes the lot a practical option for developers and commercial users looking for a General Business site on a heavily traveled highway corridor near established retail, dining, and lodging demand, as well as a nearby university market. Buyers should verify intended use, site plan requirements, and development constraints with the local permitting authority prior to moving forward.
    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
    Oxford
    County
    Butler
    State
    Ohio
    Longitude
    -84.758946
    Latitude
    39.519848

    Nearby Similar for Sale

    • $669,000
      3,040 SF

      Oxford Duplex: Investor Opportunity

      Duplex in great location, ideal for students or investors.
      106 Linwood Lane, Oxford, OH 45056
      View Details
    • $725,000
      2,900 SF

      Renovated Triplex Near Uptown Oxford

      Updated triplex with off-street parking, near Uptown Oxford.
      213 S Main Street, Oxford, OH 45056
      View Details
    • $1,275,000
      4,180 SF

      Oxford Multifamily Investment Opportunity

      Fully leased duplex near Miami University with strong rental demand.
      316 E Vine Street, Oxford, OH 45056
      View Details
    • $2,999,000
      11,568 SF

      Oxford Commercial Building on Acreage

      Commercial building with paved parking on 13.9 acres.
      6711 Ringwood Road, Oxford, OH 45056
      View Details
    • $284,900
      1,888 SF

      Charming Duplex Near Miami University

      Well-maintained duplex near uptown Oxford and Miami University.
      6101 Contreras Road, Oxford, OH 45056
      View Details
    • $475,000
      1,291 SF

      Oxford Multifamily Investment Opportunity

      Investment property near Miami University, leased through 2028.
      317 N Beech Street, Oxford, OH 45056
      View Details
    • $349,000

      Oxford Multifamily Development Opportunity

      Nearly one-acre lot zoned R2MS, ideal for multifamily development.
      507 N Beech Street, Oxford, OH 45056
      View Details
    • $149,000

      3.8 Acre Wooded Building Lot

      Rare 3.8 acre wooded lot in Forest Ridge Estates.
      5706 Forest Ridge Drive, Oxford Twp, OH 45056
      View Details
    • $1.00

      Westgate Shopping Center Retail Spaces

      Three retail spaces for lease in active commercial area.
      5166 College Corner Pike, Oxford, OH 45056
      View Details
    • $299,900

      Commercial Land Near Miami University

      Vacant lot zoned for general business near Miami University.
      5285 College Corner Pike, Oxford, OH 45056
      View Details
    • $49,000

      Residential Land Near Miami University

      Land for sale near Miami University, Oxford, Ohio.
      29 Gardenia Drive, Oxford, OH 45056
      View Details
    • $310,000

      Expansive Land with Multiple Buildings

      Land with multiple buildings, ideal for storage and workshops.
      6529 Todd Rd, Oxford, OH 45056
      View Details

    FAQs

    What type of property is this?
    Commercial land - Vacant, General Business-zoned lot on a high-traffic State Highway corridor near major retail and hospitality.
    Where is this commercial land located?
    The property is located at 5285 College Corner Pike Oxford, OH.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: Vacant lot zoned General Business; Frontage: 219.0; Located on a high‑traffic State Highway corridor
    (513) 615-8970
    We can help!
    Listing Contact
    Kenneth A Thacker
    Real Estate License ID: 2002017276
    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
    5285 College Corner Pike, Oxford, OH 45056
    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!