Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land For Sale Title is generated by Realmo AI

    Garver Rd, Monroe, OH 45050

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Land available for sale on Garver Rd, Monroe, OH.

    Type:Land
    Added:
    Jun 14, 2023
    Days on Market:
    1085
    Last Refresh:
    May 12 at 9:50 pm

    Property Features for Garver Rd

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Wade Elliott
    Wade Elliott

    Listing agent Wade Elliott License #OH2015002065

    Listing office Apex Commercial Group, LLC

    Listing date Jun 14, 2023

    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 Apex Commercial Group, LLC

    HighLights

    • Land for sale

    Overview

    This property is a land parcel available for sale. It is located on Garver Rd in Monroe, OH 45050. The listing price is $4,400,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Monroe
    County
    Butler
    State
    Ohio
    Longitude
    -84.3655
    Latitude
    39.4461

    Nearby Similar for Sale

    • $349,900

      Prime Commercial Land For Sale

      3. 9+ acres in Monroe, OH, near I-75.
      100 N Main Street, Monroe, OH 45050
      View Details
    • $2,900,000
      19,390 SF

      Monroe, OH Industrial Warehouse

      25,000 SF industrial warehouse for storage and logistics.
      201 American Way, Monroe, OH 45050
      View Details
    • $1,900,000

      Commercial Land I-75 Frontage

      Rare 4.72-acre lot with I-75 and N. Garver frontage.
      640 N Garver Road, Monroe, OH 45050
      View Details
    • $970,000
      6,036 SF

      Office/Medical/Child Care Opportunity

      6,036 SF building on 1.03 acre lot for sale.
      500 Macready Ave, Monroe, OH
      View Details
    • $2,720,000
      18,016 SF

      2.82 Acre Commercial Land

      2.82 acre lot in high-traffic area near I-75.
      Orton Dr, Monroe, OH
      View Details
    • $3,250,000
      27,025 SF

      Monroe Industrial Building For Sale

      27,025 SF industrial building on 4.217 acres for sale.
      6550 Hamilton Lebanon Rd, Monroe, OH
      View Details
    • $1,200,000
      7,191 SF

      Versatile Property Near I-75

      Adaptable building suitable for event center, church, or restaurant.
      913 Lebanon St, Monroe, OH 45050
      View Details
    • $3,770,000
      75,270 SF

      Monroe Warehouse with Expansion Potential

      75,270 SqFt warehouse in Monroe, OH, with expansion options.
      150 Lawton Ave, Monroe, OH
      View Details
    • $3,399,999
      20,534 SF

      Monroe Multi-Use Commercial Space

      20,534 SF multi-use commercial space on 2.1678 acres.
      60 Overbrook Dr, Monroe, OH 45050
      View Details
    • $320,031

      Commercial Outlots For Sale

      Commercial outlots available in a highly developed area.
      N Main St, Monroe, OH
      View Details
    • Contact for pricing

      I-75 Community Entertainment District Land

      Located in high-traffic area near Cincinnati and Dayton.
      1265 Hamilton Lebanon Rd, Monroe, OH
      View Details
    • Contact for pricing
      51,592 SF

      Tru by Hilton

      51,592 SF Tru by Hilton hotel built in 2020.
      300 Orton Dr, Monroe, OH 45050
      View Details

    FAQs

    What type of property is this?
    Land - Land available for sale on Garver Rd, Monroe, OH.
    Where is this land located?
    The property is located at Garver Rd Monroe, OH.
    What is the asking price?
    The asking price for this property is $4,400,000.
    What are key features of this property?
    This property features: Land for sale
    (937) 558-8201 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Wade Elliott
    Wade Elliott
    Real Estate License ID: OH2015002065
    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
    Garver Rd, Monroe, OH 45050
    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!