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    Commercial Land at Major Intersection Title is generated by Realmo AI

    5114 Princeton Glendale Road, Hamilton, OH 45011

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    Claim this Listing
    For Sale
    $1,250,000

    3.34-acre commercial parcel with 300 feet of frontage and intersection visibility, planned for General Business use.

    Type:Land / Acreage
    Property size:
    145,490 SF
    Lot size:
    3.34 Acres
    Price / SF:
    $8/SF
    Added:
    Jan 13, 2026
    Days on Market:
    145
    Last Refresh:
    Jun 6 at 4:58 am

    Property Features for 5114 Princeton Glendale Road

    General Information

    Standard status
    Active
    Size
    145,490 SF
    Lot size
    3.34 Acres
    Property subtype
    Land / Acreage

    We can help!

    Listing Contact
    Monika Deroussel

    Listing agent Monika Deroussel License #2006002985

    Listing office eXp Realty

    Listing date Jan 13, 2026

    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 eXp Realty

    HighLights

    • 3.34‑acre commercial parcel at the intersection of SR 747 and Princeton Rd
    • 300 ft frontage with intersection visibility and access
    • Currently zoned O‑2 (office)
    • Designated for General Business (B‑2) use in Liberty Twp's 2014 adopted land use plan
    • Rezoning to B‑2 is anticipated to be straightforward to align with township development goals

    Overview

    The property is a 3.34-acre commercial land parcel with approximately 300 feet of frontage. It is currently zoned O-2 (office residential), and it is supported by the Liberty Twp 2014 Adopted Land Use Plan, which designates the site for General Business (B-2) use.

    The site is positioned at the intersection of SR 747 and Princeton Rd, providing straightforward access and visibility at a high-traffic crossroad setting. The location is in Hamilton, OH, within Liberty Township, where the township development goals are described as aligned with the intended land use.

    For buyers evaluating site selection, the key consideration here is the match between the adopted land use designation for General Business (B-2) and the anticipated rezoning process. With rezoning to B-2 described as anticipated to be straightforward, the parcel may be suitable for commercial users seeking a prominent intersection location and a pathway to a more flexible business designation.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Hamilton
    County
    Butler
    State
    Ohio
    Longitude
    -84.4494261
    Latitude
    39.4258573

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    FAQs

    What type of property is this?
    Commercial land - 3.34-acre commercial parcel with 300 feet of frontage and intersection visibility, planned for General Business use.
    Where is this commercial land located?
    The property is located at 5114 Princeton Glendale Road Hamilton, OH.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: 3.34‑acre commercial parcel at the intersection of SR 747 and Princeton Rd; 300 ft frontage with intersection visibility and access; Currently zoned O‑2 (office)
    (513) 289-1039
    We can help!
    Listing Contact
    Monika Deroussel
    Real Estate License ID: 2006002985
    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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    5114 Princeton Glendale Road, Hamilton, OH 45011
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