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    8000 Factory Shops Blvd Pleasant View, OH 43128

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    For Lease
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    2-Acre Commercial Land, Prime Location

    Lot size:
    87,120 SF

    Property Features for 8000 Factory Shops Blvd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    87,120 SF

    Spaces For Lease

    at 8000 Factory Shops Blvd, Pleasant View, OH 43128 Contact us

    We can help!

    Listing Contact
    Alec Miller
    Alec Miller

    Listing Agency: Passov Real Estate Group Listing Agent: Alec Miller

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 2-acre commercial land parcel presents a unique development opportunity within the thriving Destination Outlets shopping center in Pleasant View, Ohio. Boasting over 700,000 annual visitors, this site offers unparalleled visibility and access to a substantial consumer base. Its strategic location at the same exit as the under-construction 2 million square foot, $4.4 billion Honda and LG EV battery plant, and the Fayette County Mega site, ensures significant future growth and increased traffic. The property's proximity to this major economic development project, generating 2,527 jobs at the Honda plant alone, promises exceptional long-term investment potential. The site is ideal for a variety of uses, including quick-service restaurants (QSRs), full-service restaurants, hotels, retail establishments, and medical facilities. Current Destination Outlets tenants include well-known brands such as T.J. Maxx, Pottery Barn, American Eagle Outfitters, and Under Armour. A liquor license is available, adding further flexibility for potential developers. The property is available for ground lease, sale, or joint venture opportunities. Further enhancing the site's appeal is the upcoming addition of a Honda plant training and recruitment center within the Destination Outlets complex. The area also benefits from its proximity to nine universities within a 45-minute radius, representing a student population of 74,087, including 3,811 student athletes. A 40,000 square foot Ohio Health Planning medical facility is also located nearby. This property offers a rare chance to capitalize on a rapidly expanding market and become part of a vibrant and successful retail destination. The address is 8000 Factory Shops Blvd, Jeffersonville, OH 43128.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ohio Studio by ... Construction Company Rack Room Shoes Clothing & Fashion Store WZAA 106.9 LPFM Radio Station SWEETWATER BAY Clothing & Fashion Store 1942 Tacos and Tequila Restaurant

    Suggested Use

    Restaurant Auto Repair Shop Grocery & Convenience Store Hotel & Motel Furniture & Home Goods Cafe & Coffee Shop Department Store Bakery Pet Store Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Pleasant View
    County
    Fayette
    State
    Ohio
    Longitude
    -83.6034175363
    Latitude
    39.620636692223

    FAQs

    What type of property is this?
    Land - 2-Acre Commercial Land, Prime Location
    Where is this land located?
    The property is located at 8000 Factory Shops Blvd Pleasant View, OH.
    What are key features of this property?
    This property features: 2-acre commercial land parcel in Pleasant View, Ohio's thriving Destination Outlets shopping center.; High visibility and access to over 700,000 annual visitors.; Strategic location near the new Honda/LG EV battery plant and Fayette County Mega site.
    (614) 440-5767 Call to check price and availability
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    8000 Factory Shops Blvd Pleasant View, OH 43128
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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
    8000 Factory Shops Blvd Pleasant View, OH 43128
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    Contact for Pricing
    Please call us for current price
    and status of this listing Alec Miller
    Alec Miller
    (614) 440-5767 (216) 831-8100
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