Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    8201 Claude-Thomas Rd Franklin, OH

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    5,529 SF former restaurant available for lease.

    Type:RETAIL
    Property size:
    5,528 SF
    Lot size:
    1.37 Acres
    Added:
    Aug 28, 2025
    Days on Market:
    218
    Last Refresh:
    Mar 29 at 8:39 pm

    Property Features for 8201 Claude-Thomas Rd

    General Information

    Standard status
    Active
    Size
    5,528 SF
    Lot size
    1.37 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Jason Gibson
    Jason Gibson

    Listing agent Jason Gibson License #BRKP.2016004929

    Listing office Anchor Associates

    Listing date Aug 28, 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 Anchor Associates

    Overview

    Former Restaurant Building For Lease

    The property is a 5,529 square-foot former restaurant building situated on 1.37 acres. The location offers access from a signalized intersection and features prominent pylon signage. It is positioned less than 1 mile from I-75, in a high-traffic retail corridor. The property is located directly across from Kettering Health Hospital and is in close proximity to major retailers, including Walmart Supercenter, ALDI, and Kroger. Nearby dining options include McDonald’s, Lee’s Chicken, Bob Evans, Chipotle, Wendy’s, Arby’s, and Waffle House.
    Location Intelligence

    Current Use by Public Records

    Turn key restaurants

    Map

    City
    Franklin
    County
    Warren
    State
    Ohio
    Longitude
    -84.3041
    Latitude
    39.5589

    Nearby Similar for Sale

    • $1.00
      6,145 SF

      Medical Office Space Available

      6145 SF medical office space for sale.
      333 Conover Drive unit: E, Franklin, OH 45005
      View Details
    • $5,000
      1,820 SF

      Dixie Highway Commercial Opportunity

      Rehabbed shell on 0.57 acres, ideal for customization.
      9620 Dixie Hwy, Franklin, OH 45005
      View Details
    • $100,000
      1,860 SF

      Fully Rented Three-Unit Multifamily

      Three-unit multifamily property in Franklin, Ohio, generating monthly income.
      5 River, Franklin, OH 45005
      View Details
    • $1,456,000
      11,315 SF

      Modern Office Building For Sale

      Prime office building built in 2009 near Atrium Medical Center.
      5900 Long Meadow Dr, Franklin, OH
      View Details
    • $399,900

      Franklin Mixed-Use Property For Sale

      Mixed-use property on 0.43 acres in Franklin, Ohio.
      4500 Dixie Highway Franklin, OH 45005
      View Details
    • $100,000
      1,860 SF

      Fully Rented Multifamily Investment

      Three-unit multifamily property producing income in Franklin, Ohio.
      5 River, Franklin, OH 45005
      View Details

    FAQs

    What type of property is this?
    Turn key restaurant - 5,529 SF former restaurant available for lease.
    Where is this turn key restaurant located?
    The property is located at 8201 Claude-Thomas Rd Franklin, OH.
    What are key features of this property?
    This property features: Prime location – less than 1 mile from I‑75; **5,529 SF Former Frisch’s Building on 1.37 Acres** — Available for Sale or Lease; Directly across from Kettering Health Hospital
    (513) 784-1106 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jason Gibson
    Jason Gibson
    Real Estate License ID: BRKP.2016004929
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!