Light Industrial Development
For Sale
$1,200,000
334 Curry Rd, Wilmington, OH 45177
12.58-acre LI-zoned site with newly renovated office space and access to nearby I-71, county water, and 3-phase electric.
Property Size5,544 SF
Lot Size12.58 Acres
Price / SF$216.45
Days on Market94
Property Features for 334 Curry Rd
General Information
Standard status
Active
Size
5,544 SF
Lot size
12.58 Acres
Property subtype
General Commercial
Zoning
LI
Additional Details
Highway Access
Yes
Amenities
3
Listing Agency:
DBS Lewis Realty Group LLC
(740) 572-1718
Listed By:
C. Ryan Bauman
(740) 572-1718
Source:
Xome
Added: May 28
Changed: Aug 28
Last Checked: Aug 29 at 7:51AM
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 DBS Lewis Realty Group LLC
Investment Insights
Based on property information with market context.
This 12.58-acre light industrial (LI) site in Wilmington, Ohio is offered for sale with 5,544 SF of newly renovated office space. The property is set up to support administrative needs alongside industrial, warehouse, manufacturing, distribution, or contractor operations.
The site is located less than 1 mile from I-71, with reported drive times of about 15 minutes to Jeffersonville and 15 minutes to Wilmington Air Park, providing regional access for logistics and transportation needs. County water is available, and 3-phase electric is listed as nearby.
For buyers seeking industrial-zoned acreage with on-site office improvements and utilities nearby, this property presents a straightforward development and operations platform in an established transportation corridor.
The site is located less than 1 mile from I-71, with reported drive times of about 15 minutes to Jeffersonville and 15 minutes to Wilmington Air Park, providing regional access for logistics and transportation needs. County water is available, and 3-phase electric is listed as nearby.
For buyers seeking industrial-zoned acreage with on-site office improvements and utilities nearby, this property presents a straightforward development and operations platform in an established transportation corridor.
Key Highlights
- 12.58‑acre commercial site in Wilmington, Ohio, zoned LI (Light Industrial).
- Includes 5,544 SF of newly renovated office space for administrative and operational use.
- Located less than 1 mile from I‑71 for regional transportation access.
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
$66,717
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
5.56%
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%
$1,334,340
$1.3M
Cap Rate 7%
$953,100
$953.1K
Cap Rate 9%
$741,300
$741.3K
Market Conditions
NOI Build-Up for 5,544 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
$119.1K $21.48/SF
− Vacancy
−$30.1K −$5.43/SF
EGI
$89.0K $16.05/SF
− OpEx
−$22.2K −$4.01/SF
NOI
$66.7K $12.03/SF
Area
Clinton County, OH
Vacancy
25.30%
Lease Rate
$21.48 /SF/Yr
Expense Ratio
25.00%
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%
$1,334,340
Cap Rate 7%
$953,100
Cap Rate 9%
$741,300
Alternative Uses
Best Use
Office B
$953.1K
$834.0K – $1.11M
NOI $66,717 @ 7.0% cap · market cap 5.56%
Second Best
Warehouse
$388.9K
$340.3K – $453.7K
NOI $27,224 @ 7.0% cap · market cap 2.27%
Theoretical Best
Retail
$1.44M
$1.26M – $1.68M
NOI $101,030 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
41
Businesses Nearby
Explore this area
Business Placement
Demographics for 45177, OH
22,349
Population
9,870
Households
2.3
Avg Household Size
40
Median Age
26%
College-Educated
94%
High-School Grad
170.0 sq mi
ZIP Area
131
Density / Sq Mi
$70,483
Median Household Income
$36,980
Median Earnings
$933
Median Rent
$209,400
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Industrial land - 12.58-acre LI-zoned site with newly renovated office space and access to nearby I-71, county water, and 3-phase electric.
Where is this industrial land located?
The property is located at 334 Curry Rd Wilmington, OH.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 12.58‑acre commercial site in Wilmington, Ohio, zoned LI (Light Industrial).; Includes 5,544 SF of newly renovated office space for administrative and operational use.; Located less than 1 mile from I‑71 for regional transportation access.
