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    Commerce Dr Defiance, OH 43512

    Sponsored
    For Sale
    Contact for pricing

    Prime Ohio Industrial Land: Build-to-Suit Available

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 105-acre commercial development site, known as Harmon Business Park, presents a unique investment opportunity in Defiance, Ohio. Strategically located off US 24, it offers unparalleled access to major transportation arteries, including I-75, I-69, and the Ohio Turnpike (I-80/90). The property's central location provides easy reach to key Midwest markets such as Cleveland, Cincinnati, Indianapolis, Columbus, Detroit, and Chicago. The main 55-acre park is zoned M-2 Industrial, allowing for diverse development options, with build-to-suit opportunities available. An additional 50 acres, zoned M-3 Industrial, are situated north of the railroad along US 24, offering parcels ranging from 9 to 28 acres or combinable for a larger 50-acre tract. The site boasts readily available public utilities, including heavy electrical service due to proximity to a First Energy substation, and ample public water and sewer capacity provided by the City of Defiance. Rail access is available for select sites. This location is ideal for health, food, auto-related/supplier manufacturing, or logistics businesses. The property benefits from state and local incentives and is designated a Qualified Opportunity Zone under the Tax Cuts and Jobs Act of 2017. Furthermore, its proximity to Defiance College, Northwest State Community College (ten miles north), and the University of Toledo (fifty miles away) provides access to a skilled workforce.

    Property Features for 0 Commerce Dr

    General Information

    Property type
    Land
    Lot Size
    4,573,800 SF

    HighLights

    • Excellent access to US‑24, I‑75, I‑69, and the Ohio Turnpike (I‑80/90).
    • Central Ohio location, convenient to major Midwest cities.
    • Abundant electrical power near a FirstEnergy substation.
    • Plentiful city water and sewer capacity.
    • Eligible for state and local economic incentives.
    • Located in a Qualified Opportunity Zone (QOZ).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Defiance
    County
    Defiance
    State
    Ohio
    Longitude
    -84.3371359
    Latitude
    41.3066941

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    FAQs

    What type of property is this?
    Land - Prime Ohio Industrial Land: Build-to-Suit Available
    Where is this land located?
    The property is located at Commerce Dr Defiance, OH.
    What are key features of this property?
    This property features: Excellent access to US-24, I-75, I-69, and the Ohio Turnpike (I-80/90).; Central Ohio location, convenient to major Midwest cities.; Abundant electrical power near a FirstEnergy substation.
    (419) 438-5839
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    Commerce Dr Defiance, OH 43512
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    Realmo Value Estimation

    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.

    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.

    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
    Commerce Dr Defiance, OH 43512
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