Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Retail Land Opportunity Title is generated by Realmo AI

    395 Martin St, Greenville, OH

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

    0.8-acre retail land with high traffic and visibility.

    Type:LAND
    Lot size:
    0.80 Acres
    Added:
    Aug 7, 2025
    Days on Market:
    283
    Last Refresh:
    Apr 5 at 8:35 pm

    Property Features for 395 Martin St

    General Information

    Standard status
    Active
    Lot size
    0.80 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Timothy Echemann
    Timothy Echemann

    Listing agent Timothy Echemann

    Listing office Industrial Property Brokers

    Listing date Aug 7, 2025

    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 Industrial Property Brokers

    HighLights

    • Strategic location with 150 ft of S.R. 36 frontage in a high‑traffic retail area.
    • High daily traffic count: over 8,500 vehicles on S.R. 36 and 12,000 on S.R. 127.
    • Located in the Downtown Enterprise District, offering excellent visibility and accessibility.
    • Proximity to major retailers like Family Dollar and AutoZone.
    • Large common parking area available.
    • All utilities available on‑site.

    Overview

    This 0.8-acre commercial land is located at 395 Martin Street in Greenville, Ohio. The property features 150 feet of frontage on S.R. 36 and is situated in a retail area with high traffic volume. It benefits from a large common parking area and the availability of all utilities on-site. The location is one minute from Downtown Greenville and near major retailers such as Family Dollar and AutoZone. The 1.6-acre parcel is in the Downtown Enterprise District, offering visibility and accessibility. The asphalt site is zoned for various retail uses. The area experiences traffic counts of over 8,500 vehicles on S.R. 36 and 12,000 on S.R. 127 daily, making it suitable for businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Darke
    State
    Ohio
    Longitude
    -84.627
    Latitude
    40.0984

    Nearby Similar for Sale

    • $264,900
      4,946 SF

      Downtown Greenville Commercial Building For Sale

      Turn-key commercial building in historic downtown Greenville's Enterprise District.
      312 Sycamore Street, Greenville, OH 45331
      View Details
    • $719,900
      8,000 SF

      Automotive Service Property on US Route

      Well-positioned automotive service property with functional shop layout in Greenville.
      8062 US Route 127, Greenville, OH 45331
      View Details
    • $279,800
      1,788 SF

      Greenville Commercial Investment Opportunity

      High-traffic corner lot with versatile layout and ample space.
      102 Rhoades Avenue, Greenville, OH 45331
      View Details
    • $199,000
      2,108 SF

      Commercial Property in Greenville, Ohio

      Commercial property for sale in Greenville, Ohio.
      305 N Ohio Street, Greenville, OH 45331
      View Details
    • $278,800
      2,333 SF

      Greenville Land with Development Potential

      9.06 acres of land ideal for agriculture or development.
      6468 Requarth Road, Greenville, OH 45331
      View Details
    • $124,900
      2,513 SF

      Greenville Multifamily Investment Opportunity

      Four-unit multifamily property in Greenville, Ohio with long-term tenants.
      511-513 E 4th Street, Greenville, OH 45331
      View Details
    • $875,000
      677 SF

      Iconic Dairy Barn Opportunity

      Long-standing Dairy Barn business with equipment and real estate included.
      1271 Sweitzer Street, Greenville, OH 45331
      View Details
    • $400,000
      6,102 SF

      Greenville Multifamily Investment Opportunity

      Six-unit multifamily property in Greenville with strong income potential.
      903 E Main Street, Greenville, OH 45331
      View Details
    • $400,000

      Established Music Business For Sale

      Thriving music business with instruments, fixtures, and equipment included.
      334 S Broadway Street, Greenville, OH 45331
      View Details
    • $875,000

      Iconic Dairy Barn Opportunity

      Long-standing Greenville business with equipment, inventory, and real estate.
      1271 Sweitzer St, Greenville, OH
      View Details
    • $67,000

      Prime Commercial Lot on Corner

      0.496-acre commercial lot with high visibility and traffic.
      792 Martin Street, Greenville, OH 45331
      View Details
    • $125,000

      Greenville Land with Garage & Barn

      7.36 acres with garage, pole barn, and maple trees.
      2493 W State Route 571, Greenville, OH 45331
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.8-acre retail land with high traffic and visibility.
    Where is this commercial land located?
    The property is located at 395 Martin St Greenville, OH.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: Strategic location with **150 ft of S.R. 36 frontage** in a high‑traffic retail area.; High daily traffic count: over 8,500 vehicles on S.R. 36 and 12,000 on S.R. 127.; Located in the **Downtown Enterprise District**, offering excellent visibility and accessibility.
    (937) 492-4423 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Timothy Echemann
    Timothy Echemann
    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
    395 Martin St, Greenville, 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!