Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    8.43 Acres Ready for Grade Title is generated by Realmo AI

    119 May Dr, Harrison, OH 45030

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    8.43 acres of flat, M-1 zoned land for sale.

    Type:Land
    Lot size:
    8.43 Acres
    Added:
    Jul 31, 2024
    Days on Market:
    674
    Last Refresh:
    May 12 at 9:53 pm

    Property Features for 119 May Dr

    General Information

    Standard status
    Active
    Lot size
    8.43 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Andrew Jacob

    Listing agent Andrew Jacob License #OH 2021002173

    Listing office Colliers - Cincinnati, Ohio

    Listing date Jul 31, 2024

    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 Colliers - Cincinnati, Ohio

    HighLights

    • 8.43 Acres of Flat, Ready‑to‑Grade Land
    • Zoned M‑1, allowing for various commercial uses
    • Capacity to Accommodate Buildings Ranging from 20,000 to 100,000 SF
    • Ideal for Development
    • Large Acreage
    • Commercial Zoning

    Overview

    This property features 8.43 acres of flat land, ready for grading. It is zoned M-1 and can accommodate buildings ranging in size from 20,000 to 100,000 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Glenmoor Co Mobile Home Dealer

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Harrison
    County
    Huron
    State
    Ohio
    Longitude
    -84.7870955
    Latitude
    39.2441096

    Nearby Similar for Sale

    • $799,000

      Turn-Key Sports & Entertainment Complex

      Fully operational baseball park on 24.997 acres for sale.
      10701 Campbell Road, Harrison Twp, OH 45030
      View Details
    • $525,000

      Prime Harrison Commercial Development Opportunity

      14-acre commercial land with utilities in Harrison, Ohio.
      10630 Campbell Road, Harrison, OH 45030
      View Details
    • $850,000
      4,140 SF

      Harrison Warehouse with Expansion Potential

      Harrison, Ohio warehouse with surplus land for expansion or storage.
      9005 Kilby Rd, Harrison, OH
      View Details
    • $89,999

      Land Near I-74 and Restaurants

      Almost 4 acres of land, ready for development near I-74.
      10485 New Biddinger Road, Harrison Twp, OH 45030
      View Details
    • $59,900

      Private 5-Acre Wooded Lot

      5-acre lot with water & electric easements in place.
      11050 Bond Road, Whitewater Twp, OH 45030
      View Details
    • $990,000
      22,016 SF

      Two-Story Retail Center For Sale

      Two-story retail center in Harrison, OH, with high visibility.
      1142 Harrison Ave, Harrison, OH
      View Details
    • $875,000

      Land Available for Sale

      Land available for sale in Harrison, OH.
      New Haven Rd, Harrison, OH
      View Details
    • $370,000

      29.6 Acres Near I-275

      29.6 acres of commercial land in a rapidly growing area.
      10237 Suspension Bridge Rd, Harrison, OH
      View Details
    • $325,000

      Industrial Land Parcel For Sale

      2-acre industrial land parcel with conditional approval for manufacturing building.
      Harrison Ave, Harrison, OH, 45030
      View Details
    • $300,000

      Commercial Land with Utilities

      2.23 acre commercial land with utilities and frontage.
      10047 Harrison Ave, Harrison, OH
      View Details
    • Contact for pricing

      Harrison Land with I-74 Frontage

      Industrial land with I-74 frontage, 30 minutes from Cincinnati.
      10035 West Rd, Harrison, OH
      View Details
    • Contact for pricing

      7.791 Acres of Land

      7.791 acres of land for sale.
      9381 Dry Fork Rd, Harrison, OH 45030
      View Details

    FAQs

    What type of property is this?
    Industrial land - 8.43 acres of flat, M-1 zoned land for sale.
    Where is this industrial land located?
    The property is located at 119 May Dr Harrison, OH.
    What are key features of this property?
    This property features: 8.43 Acres of Flat, Ready‑to‑Grade Land; Zoned M‑1, allowing for various commercial uses; Capacity to Accommodate Buildings Ranging from 20,000 to 100,000 SF
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Andrew Jacob
    Real Estate License ID: OH 2021002173
    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

    Thank You for Inquiry
    119 May Dr, Harrison, OH 45030
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!