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    75 Lynne Ln Wilmington, OH 45177

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    For Sale
    Contact for pricing

    81+ Acres, Near Wilmington Air Park

    Property Features for 75 Lynne Ln

    General Information

    Property type
    Land
    Lot Size
    3,551,273 SF

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    Listing Contact
    Jeff Honnerlaw
    Jeff Honnerlaw

    Listing Agent: Jeff Honnerlaw

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 81.526-acre commercial land parcel presents a remarkable investment opportunity in Wilmington, Ohio. Strategically located approximately one mile from both the Amazon fulfillment center and the Wilmington Air Park, and just one-eighth of a mile from the new Kettering Medical facility, this property boasts unparalleled accessibility and visibility. Zoned for suburban commercial use, the possibilities are vast, allowing for a wide range of development projects. The property features road frontage on two major roads, ensuring convenient access for both employees and customers. Recent surveys have confirmed the updated acreage of 81.526 acres, representing a significant increase from previous estimates. The seller is open to subdividing the land to accommodate various development needs. Adding to its appeal, this property is situated within an Ohio Opportunity Zone, offering potential tax advantages for qualified investors. This prime location, combined with its size and zoning, makes this an exceptional opportunity for developers seeking a high-impact commercial project in a rapidly growing area. The property's proximity to major transportation hubs, established businesses, and healthcare facilities makes it an ideal location for a variety of commercial ventures. Detailed information regarding the Ohio Opportunity Zone designation can be found at the provided link.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Wilmington
    County
    Clinton
    State
    Ohio
    Longitude
    -83.789281113025
    Latitude
    39.444910880959

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    FAQs

    What type of property is this?
    Land - 81+ Acres, Near Wilmington Air Park
    Where is this land located?
    The property is located at 75 Lynne Ln Wilmington, OH.
    What is the asking price?
    The asking price for this property is $8,152,600.
    What are key features of this property?
    This property features: 81.526-acre commercial land parcel in Wilmington, Ohio.; Prime location near Amazon, Wilmington Air Park, and Kettering Medical Center.; Suburban commercial zoning allows for diverse development.
    (937) 725-7833 Call to check price and availability
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    75 Lynne Ln Wilmington, OH 45177
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    Wilmington, OH 45177
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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
    75 Lynne Ln Wilmington, OH 45177
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jeff Honnerlaw
    Jeff Honnerlaw
    Real Estate License ID: 241738
    (937) 725-7833
    Learn more
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