Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1404 Made Industrial Dr Middletown, OH 45044

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Heavy industrial land available with direct access to SR 63.

    Type:Land
    Lot size:
    26.48 Acres
    Added:
    Jan 26, 2024
    Days on Market:
    813
    Last Refresh:
    Mar 17 at 1:25 pm

    Property Features for 1404 Made Industrial Dr

    General Information

    Standard status
    Active
    Lot size
    26.48 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Rick Munger

    Listing agent Rick Munger License #OH11

    Listing office Westheimer Real Estate

    Listing date Jan 26, 2024

    Source Crexi

    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 Westheimer Real Estate

    Overview

    26.48 Acres Heavy Industrial Land

    This property features 26.48 acres of heavy industrial land. The land can be divided into smaller lots, with a minimum size of 5 acres. It offers direct access to SR 63 and is located five miles from I-75. The property is located on Made Industrial Drive.
    Location Intelligence

    Current Use by Public Records

    Industrial land

    Map

    City
    Middletown
    County
    Butler
    State
    Ohio
    Longitude
    -84.3839
    Latitude
    39.447

    Nearby Similar for Sale

    • $325,000
      12,197 SF

      Vacant Flex Space Opportunity

      Value-add flex space with customization potential in Middletown, OH.
      3125 Yankee Road, Middletown, OH 45044
      View Details
    • $250,000
      1,281 SF

      Retail Building on Central Avenue

      Stand-alone retail building with high visibility on Central Avenue.
      2018 Central Avenue, Middletown, OH 45044
      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
    • $94,900
      2,204 SF

      Historic Commercial Building in Middletown

      Commercial building ready for cafe, retail, or restaurant use.
      1912 Tytus Avenue, Middletown, OH 45042
      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
    • $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
    • $145,000
      2,322 SF

      Middletown Duplex: Investment Opportunity

      Duplex in Middletown, perfect for investors or owner-occupants.
      1830 Woodlawn Avenue, Middletown, OH 45044
      View Details
    • $1.00
      4,607 SF

      Updated Office Spaces For Sale

      Two updated office suites available near highway, shopping, and dining.
      6820 Roosevelt Avenue, Middletown, OH 45005
      View Details
    • $3,950,000

      367 Acres Near Middletown

      Large land parcel with agricultural and development potential.
      881 Middletown Eaton Road, Madison Twp, OH 45042
      View Details
    • $3,950,000

      367 Acres Near Middletown

      Large acreage with agricultural and development potential near Middletown, OH.
      881 Middletown Eaton Road, Middletown, OH 45042
      View Details
    • $15,000

      Buildable Lot in Middletown, OH

      Buildable lot with approved building plan in Middletown, Ohio.
      425 McKinley Street, Middletown, OH 45042
      View Details
    • $13,500

      Residential Lot in Middletown, OH

      Residential lot in Middletown, ideal for building a dream home.
      500 Garfield Street, Middletown, OH 45044
      View Details

    FAQs

    What type of property is this?
    Industrial land - Heavy industrial land available with direct access to SR 63.
    Where is this industrial land located?
    The property is located at 1404 Made Industrial Dr Middletown, OH.
    What is the asking price?
    The asking price for this property is $2,250,800.
    What are key features of this property?
    This property features: 26.48 Acres of Heavy Industrial Land; Direct Access to SR 63; Divisible into Smaller Lots (as small as 5 acres)
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Rick Munger
    Real Estate License ID: OH11
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!