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

    2195 Navarre Ave Oregon, OH 43605

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime 4.25-acre lot, 3 buildings

    Property size:
    29,000 SF

    Property Features for 2195 Navarre Ave

    General Information

    Property type
    Automotive properties
    Square Feet
    29,000 SF
    Class
    B
    Lot Size
    185,130 SF

    Building Details

    Year Built
    1985
    Buildings
    3
    Stories
    1

    We can help!

    Listing Contact
    Rami Sebai
    Rami Sebai

    Listing Agency: SVN Ascension Commercial Realty Listing Agent: Rami Sebai

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

    Learn more

    Property Insight Report

    Overview

    This exceptional redevelopment opportunity encompasses a 4.25-acre lot in Oregon, Ohio, featuring three existing structures totaling 29,000 square feet. Situated on two parcels with mixed General Commercial and Light Industrial zoning, this property boasts excellent visibility and exposure along I-280 and Navarre Avenue, a major retail corridor. Currently occupied at 100% capacity with a lease expiring December 30, 2024, the property offers significant potential for various uses. The existing buildings house a furniture store, an auto sales office, and a warehouse for auto shop repair. A billboard generating $800 monthly income adds to the property's value. The location benefits from high traffic volume (I-280 VPD: 50,675
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Self storage facilities

    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
    Oregon
    County
    Lucas
    State
    Ohio
    Longitude
    -83.49364106
    Latitude
    41.6365514

    Nearby Similar for Sale

    • $299,000
      1,146 SF

      Freestanding Retail Building with Billboard

      Well-maintained retail building with high exposure and digital billboard.
      2310 Woodville Rd, Oregon, OH
      View Details
    • Contact for pricing
      60,000 SF

      Industrial Warehouse in Spartan Park

      60,000 SF warehouse near automotive suppliers and major routes.
      4070 Spartan Dr, Oregon, OH 43616
      View Details
    • $1,795,000
      16,861 SF

      Navarre Avenue Investment Opportunity

      Retail, storage, and parking property on high-traffic Navarre Avenue.
      2701 Navarre Ave, Oregon, OH 43616
      View Details
    • $399,000
      1,146 SF

      Prime Oregon Retail Storefront

      High-traffic location, excellent visibility, strong tenant.
      2310 Woodville Rd, Oregon, OH 43616
      View Details
    • $355,000
      4,620 SF

      Medical Office Building for Sale

      Ohio Medical Office Condo, 4620 SF
      1050 Isaac Streets Dr, Oregon, OH 43616
      View Details
    • $395,000
      5,132 SF

      2759 Seaman Road - Commercial Sale

      Retail properties • 5,132 SF
      2759 Seaman Rd, Oregon, OH 43616
      View Details
    • Contact for pricing

      Oregon Duplex For Sale

      Duplex sold as-is with projects to finish.
      2322 Taft Ave, Oregon, OH 43616
      View Details
    • $75,000
      1,168 SF

      Executive Office Condo for Sale

      1,168 SF Office Condo in Oregon, OH
      1050 Isaac Streets Dr, Oregon, OH 43616
      View Details
    • Contact for pricing

      Duplex Near Schools and Shopping

      Duplex with garage, parking, and convenient location.
      2249 Pickle Rd, Oregon, OH 43616
      View Details
    • Contact for pricing

      Versatile Land Parcel on SR2

      Land with frontage on SR2 and North Curtice Rd.
      7330 Jerusalem Rd, Oregon, OH 43616
      View Details
    • $65,000
      1,250 SF

      Prime Medical Office Condo in Oregon, OH

      1,250 SF Vacant Medical Office; $65,000
      2735 Navarre Ave, Oregon, OH 43616
      View Details
    • $199,900
      2,902 SF

      St. Charles Medical Office Suite

      Prime Medical Office Condo, Ohio
      1050 Isaac Streets Dr, Oregon, OH 43616
      View Details

    FAQs

    What type of property is this?
    Automotive property - Prime 4.25-acre lot, 3 buildings
    Where is this automotive property located?
    The property is located at 2195 Navarre Ave Oregon, OH.
    What are key features of this property?
    This property features: 4.25-acre redevelopment opportunity in Oregon, OH, with three existing buildings totaling 29,000 square feet.; High-visibility location on I-280 and Navarre Avenue, a major retail corridor, with General Commercial and Light Industrial zoning.; Currently 100% occupied with a lease expiring December 30, 2024; tenants include Furniture Palace, Auto Max, and an auto shop.
    (419) 540-8888 Call to check price and availability
    Request Owner's contact information
    2195 Navarre Ave Oregon, OH 43605
    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.
    2195 Navarre Ave
    Oregon, OH 43605
    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
    2195 Navarre Ave Oregon, OH 43605
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Rami Sebai
    Rami Sebai
    Real Estate License ID: #SAL.2021006201
    (419) 540-8888 (419) 377-0797
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!