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    4.78 Acre Commercial Opportunity Title is generated by Realmo AI

    500 West Clinton Street, Doylestown, OH 44230

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    For Sale
    $599,000

    Commercial property with buildings, storage, and vehicle bays for sale.

    Type:Land / Commercial
    Lot size:
    4.78 Acres
    Added:
    May 16, 2025
    Days on Market:
    382
    Last Refresh:
    May 19 at 11:19 pm

    Property Features for 500 West Clinton Street

    General Information

    Standard status
    Active
    Lot size
    4.78 Acres
    Property subtype
    Land / Commercial

    We can help!

    Listing Contact
    Sherry A Butcher
    Sherry A Butcher

    Listing agent Sherry A Butcher License #2007005794

    Listing office ACC Home Realty, LLC

    Listing date May 16, 2025

    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 ACC Home Realty, LLC

    HighLights

    • 4. 78 acres suitable for business and residential development
    • Potential for commercial rezoning by the Village based on buyer needs
    • Large 40 x 104 pole building with office space, storage, three vehicle bays, and full bath
    • Eligible for Community Reinvestment Area benefits, potentially offering up to 100% property tax discount for 15 years
    • Includes a 18 x 36 cement block building with storage, one bay, and 480 power
    • Features a 44 x 60 canvas‑covered pole barn with cement foundation

    Overview

    This 4.78-acre commercial property features multiple buildings suitable for business use and potential residential development. The property includes a 40 x 104 pole building with conditioned space for storage and office use, along with three large vehicle bays and a full bathroom with shower and washer/dryer hookups. An 18 x 36 cement block building offers ample storage, one large bay, and 480 power. Additional storage is available in a 44 x 60 canvas-covered pole barn with a cement foundation, as well as an older three-sided pole barn. Currently operating as the Doylestown Street Garage, the property is zoned R1, but the Village is willing to rezone it to Commercial Business based on the buyer's needs. The property is located with convenient access to freeways and all of Wayne County. The 4.78 acres are eligible as a Community Reinvestment Area, potentially providing up to a 100% discount on property taxes for up to 15 years. Offers can be made individually or in conjunction with the contiguous 42.1-acre parcel with frontage on St. Rt. 585.
    Location Intelligence

    Current Use by Public Records

    Doylestown Street Garage Local Government Office

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Doylestown
    County
    Wayne
    State
    Ohio
    Longitude
    -81.6924052
    Latitude
    40.9631635

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    FAQs

    What type of property is this?
    Commercial land - Commercial property with buildings, storage, and vehicle bays for sale.
    Where is this commercial land located?
    The property is located at 500 West Clinton Street Doylestown, OH.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: 4. 78 acres suitable for business and residential development; Potential for commercial rezoning by the Village based on buyer needs; **Large 40 x 104 pole building with office space, storage, three vehicle bays, and full bath**
    (330) 714-2003
    We can help!
    Listing Contact
    Sherry A Butcher
    Sherry A Butcher
    Real Estate License ID: 2007005794
    Learn More
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    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.

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