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    850 Carpenter Rd Defiance, OH 43512-1726

    • Retail space
    • 29,226 SF
    • 3.00 lot acres
    OFF-MARKET
    Last Sale
    Oct 16, 2024
    $2,525,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-3113368
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 850 Carpenter Rd

    Year built
    1975
    Construction
    MANUFACTURED
    Lot size
    3.00 lot acres
    Property size
    29,226 SF
    Property type
    Retail space
    APN
    I060013A00900
    APU
    I060013A00900

    Description

    This exceptional 29,226-square-foot industrial property, located at 850 Carpenter Rd in Defiance, Ohio, presents a unique investment opportunity. The single-tenant building, constructed in 1975, sits on a four-acre lot and boasts a flexible layout ideal for a variety of uses. The space is currently vacant and comprises approximately 9,000 square feet of renovated office space and over 20,000 square feet of warehouse space. Previous uses have included office, customer service, warehouse, showroom, and wholesale operations, demonstrating its adaptability. The property features a fenced side yard and benefits from an adjacent vacant lot, offering potential for expansion or additional parking. Its M-3 zoning allows for diverse industrial applications. The high-visibility location in Defiance, Ohio (zip code 43512), ensures excellent accessibility and exposure. The property's single-story design and ample space make it an attractive option for businesses seeking a functional and versatile industrial facility. The APN is I060013A00900

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Defiance
    County
    Defiance
    State
    Ohio
    Longitude
    -84.3425
    Latitude
    41.3023
    CBSA code
    19580
    CBSA name
    DEFIANCE, OH MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $12,622
    $47,190
    $186,630
    $233,820
    -
    $134,840
    $533,230
    $668,070

    Comparable in this City

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      416 Clinton St, Unit 201

      RETAIL STORES (PERSONAL SERVICES) • 4,583 SF
      416 Clinton St, Defiance, OH 43512-2633
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    • Value Estimation
      $215,000
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      751 Columbus Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,436 SF
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      $230,000
      1,400 SF

      235 Hopkins St

      RETAIL STORES (PERSONAL SERVICES) • 1,400 SF
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      7900 Independence Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,703 SF
      7900 Independence Rd, Defiance, OH 43512
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    • Value Estimation
      $280,000
      11,472 SF

      841 Clinton St

      RETAIL STORES (PERSONAL SERVICES) • 11,472 SF
      841 Clinton St, Defiance, OH 43512-1665
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,056 SF

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      105.00 Acres

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      High-Profile Defiance Commercial Space

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    Similar Nearby for Lease

    • Contact for pricing
      5,250 SF

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      Retail or office space with high visibility and ample parking.
      319 E 2Nd St, Defiance, OH 43512
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    • Contact for pricing
      2,448 SF

      Retail Space in Defiance, OH

      Retail space available for lease in Defiance, Ohio.
      618 N Clinton St, Defiance, OH 43512
      View Details
    • $8 SF/Yr
      9,217 SF

      Retail Space Near Kroger

      Retail space available in shadow-anchored shopping center.
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    • $20 SF/Yr
      12,850 SF

      Retail Space in Defiance, OH

      3,150 SF retail space available in neighborhood retail center.
      8959 State Route 66 N, Defiance, OH 43512
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    • Contact for pricing
      14,400 SF

      Downtown Defiance Executive Office Space

      Historic building, 13,200 sq ft available
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      12,850 SF

      Prime Defiance Retail Space

      12,850 SF Strip Center, 3,150 SF Available
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      View Details
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    850 Carpenter Rd
    Defiance, OH 43512-1726
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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.

    More about this property
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