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    Industrial Land with Telecom Tower Title is generated by Realmo AI

    7445 Mentz Road, Franklin, OH 45005

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    Level, usable acreage in Franklin Township with major-road access for logistics, storage, and light manufacturing.

    Type:Land
    Added:
    May 29, 2026
    Days on Market:
    9
    Last Refresh:
    Jun 6 at 2:32 am

    Property Features for 7445 Mentz Road

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Barry Baker

    Listing agent Barry Baker License #415576

    Listing office Ohio Real Estate Auctions

    Listing date May 29, 2026

    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 Ohio Real Estate Auctions

    HighLights

    • Tract 2: 18.43 acres of vacant industrial land in Franklin Township with level, usable land and access to major roadways
    • Tract 2 includes a telecommunications tower; tower, ground lease, easements, and any associated income are owned by a third party and not included
    • Tract 1: 4.66‑acre site at 1000 Anderson St., formerly a historic paper mill, with loading docks, security gates, employee parking, and front office building
    • Tract 1 is zoned mixed use and includes a blank‑slate interior with interior systems and fixtures removed for renovation, repurposing, or redevelopment
    • Tract 1 also includes a separate pump house near the Great Miami River on a 0.12‑acre parcel at 0 Eighth Street
    • Sale is subject to all existing leases and easements

    Overview

    This offering is vacant industrial land in Franklin Township. The tract is level and usable, providing a flexible site for a range of commercial or industrial development concepts. The property is suited to uses such as logistics, storage, light manufacturing, or contractor operations. A telecommunications tower is situated on the land; the tower, its ground lease, related easements, and any associated income are owned by a third party and are not included in this offering.

    Access is described as convenient to major roadways, supporting day-to-day operational connectivity. The tract is positioned between Dayton and Cincinnati, offering access to the broader regional market area without the congestion of larger metro hubs. The sale is subject to all existing leases and easements.

    For buyers and developers, this is a straightforward acquisition of raw industrial acreage with practical site characteristics for planning and permitting. The ground conditions are described as level and usable, and the property’s configuration supports a variety of industrial layouts. Prospective tenants and operators can evaluate the site for logistics or storage-related needs, with the telecommunications tower ground lease structure handled by a separate owner as noted above.
    Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Warren
    State
    Ohio
    Longitude
    -84.3059092
    Latitude
    39.5507908

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    FAQs

    What type of property is this?
    Manufacturing property - Level, usable acreage in Franklin Township with major-road access for logistics, storage, and light manufacturing.
    Where is this manufacturing property located?
    The property is located at 7445 Mentz Road Franklin, OH.
    What are key features of this property?
    This property features: Tract 2: 18.43 acres of vacant industrial land in Franklin Township with level, usable land and access to major roadways; Tract 2 includes a telecommunications tower; tower, ground lease, easements, and any associated income are owned by a third party and not included; Tract 1: 4.66‑acre site at 1000 Anderson St., formerly a historic paper mill, with loading docks, security gates, employee parking, and front office building
    We can help!
    Contact for Pricing
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    and status of this listing
    Barry Baker
    Real Estate License ID: 415576
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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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