Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    850 Washington Blvd Hamilton, OH 45013

    Sponsored
    For Sale
    $80,000

    0.73-acre lot, prime location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    413
    This exceptional 0.73-acre commercial land parcel in Hamilton, Ohio, presents a remarkable investment opportunity. Located at 850 NW Washington Boulevard, the property boasts over 130 feet of frontage on Eden Park Drive, placing it within a high-traffic, highly visible business corridor. Enjoy tranquil pond views while benefiting from proximity to major retailers such as Kroger and Walmart, fast-food establishments, and other retail options—all within a half-mile radius. Downtown Hamilton, with its burgeoning culinary and entertainment scene, is less than a 10-minute drive away. The property is zoned for commercial use (APN: P6600140000014) and offers a unique advantage: partial seller financing is available until October 31, 2024. This financing option covers 67% of the $80,000 asking price, requiring only a 33% down payment at a 5% interest rate for the initial four years. Don't miss this chance to acquire a strategically located commercial lot with excellent visibility and convenient access to amenities and a thriving downtown area. Act quickly to secure this exceptional opportunity.

    Property Features for 850 Washington Blvd

    General Information

    Property type
    Land
    Lot Size
    31,799 SF

    We can help!

    Listing Contact
    Jeffrey Asquith

    Learn more

    Property Insight Report

    HighLights

    • 0.73‑acre commercial lot in Hamilton with 130+ feet of frontage on Eden Park Dr.
    • Seller financing available until October 31, 2024: 67% financing with 33% down payment at 5% interest for the first four years.
    • High‑visibility location near a busy commercial corridor, offering tranquil pond views, and less than a half‑mile from major retailers (Kroger, Walmart, fast food).
    • Less than a 10‑minute drive to downtown Hamilton.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Hamilton
    County
    Butler
    State
    Ohio
    Longitude
    -84.590778
    Latitude
    39.4272465

    Nearby Similar for Sale

    • $425,000
      13.72 Acres

      Versatile Multi-Purpose Commercial Property

      13.715-acre property with multiple structures suitable for various uses.
      6101 St Rt 247, Liberty Twp, OH 45133
      View Details
    • $275,000
      Pending

      Commercial Property with Two Buildings

      Two buildings on 0.979 acres, suitable for various commercial uses.
      3977 Stillwell Beckett Rd, Hamilton, OH 45013
      View Details
    • $167,000
      Pending

      Duplex in Hamilton, Ohio

      Side-by-side duplex with separate utilities and fenced backyard.
      510 Vine St, Hamilton, OH 45011
      View Details
    • $399,900
      5,740 SF

      Grocery Store with Renovated Apartment

      Commercial property featuring a grocery store and renovated apartment.
      2670 Benninghofen Ave, Hamilton, OH 45015
      View Details
    • $295,000
      3,015 SF

      Auto Mechanics Garage in Hamilton

      Commercial property currently used as an auto mechanics garage.
      336 S B St, Hamilton, OH 45013
      View Details
    • $499,900
      2,204 SF

      Hamilton, OH Commercial Opportunity

      Commercial property with outdoor space and liquor license in Hamilton.
      611 Pyramid Hill Blvd, Hamilton, OH 45013
      View Details
    • $450,000
      Pending

      Hamilton, OH Commercial Opportunity

      Wedding chapel and reception venue suitable for various entertainment.
      2221 Pleasant Ave, Hamilton, OH 45015
      View Details
    • Contact for pricing
      23,802 SF

      Retail Space in Hamilton, OH

      Retail space available in newly renovated Hamilton property.
      877 NW Washington Blvd, Hamilton, OH 45013
      View Details
    • $400,000
      0.14 Acres

      Commercial Building in Hamilton, OH

      Commercial building suitable for investors or business owners.
      2269 Pleasant Ave, Hamilton, OH 45015
      View Details
    • $390,000
      1,247 SF

      Commercial Building on Corner Lot

      1247 SF commercial building on a 0.7352 acre lot.
      3590 Pleasant Ave, Hamilton, OH 45015
      View Details
    • $2,200,000
      1.86 Acres

      Hamilton, OH Warehouse For Sale

      Warehouse with high bay dock doors and large parking area.
      940 Symmes Ave, Hamilton, OH 45015
      View Details
    • $2,350,000

      Leased Strip Center Near Kroger

      Fully leased strip center with long-term tenants and ground lease.
      1450-1496 S Erie Blvd, Hamilton, OH
      View Details

    FAQs

    What type of property is this?
    Land - 0.73-acre lot, prime location
    Where is this land located?
    The property is located at 850 Washington Blvd Hamilton, OH.
    What is the asking price?
    The asking price for this property is $80,000.
    What are key features of this property?
    This property features: 0.73-acre commercial lot in Hamilton with 130+ feet of frontage on Eden Park Dr.; Seller financing available until October 31, 2024: 67% financing with 33% down payment at 5% interest for the first four years.; High-visibility location near a busy commercial corridor, offering tranquil pond views, and less than a half-mile from major retailers (Kroger, Walmart, fast food).
    Request Owner's contact information
    850 Washington Blvd Hamilton, OH 45013
    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.
    850 Washington Blvd
    Hamilton, OH 45013
    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
    850 Washington Blvd Hamilton, OH 45013
    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!
    Listing Contact
    Jeffrey Asquith
    Real Estate License ID: Oh 20174005140
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.