Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Bright Road Lot 1 Findlay, OH 45840

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    5.11 acres of commercial land ready for development.

    Type:Land
    Lot size:
    5.11 Acres
    Added:
    Jun 26, 2024
    Days on Market:
    670
    Last Refresh:
    Mar 17 at 1:26 pm

    Property Features for Bright Road Lot 1

    General Information

    Standard status
    Active
    Lot size
    5.11 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    James C Koehler II

    Listing agent James C Koehler II License #OH

    Listing office Berkshire Hathaway HomeServices Koehler Realty

    Listing date Jun 26, 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 Berkshire Hathaway HomeServices Koehler Realty

    Overview

    Development Land For Sale

    This is a highly desirable 5.11-acre parcel of land that is ready for development. The land consists of four lots available for sale. Three of the lots are each just over one acre, and one lot is over 1.5 acres. The lots can be purchased individually or as a whole. The seller would consider a discount to sell all lots together. Curb cuts are already completed, and utilities are available at the site. The property is situated on a high-traffic street and is surrounded by manufacturing, offices, retail, and restaurants. The land is zoned C2 general commercial, making it suitable for restaurants, strip malls, retail, or service businesses.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Findlay
    County
    Hancock
    State
    Ohio
    Longitude
    -83.6098357
    Latitude
    41.0414399

    Nearby Similar for Sale

    • $739,000

      Brick Office Building with Parking

      Large office building with ample parking and high traffic.
      321 S Blanchard St Findlay, OH 45840
      View Details
    • $559,000

      Medical Condo Overlooking Lake Cascades

      Medical condo with flexible space near I-75 and downtown.
      1725 Western Avenue C Findlay, OH 45840
      View Details
    • $1,900,000

      Established Retail Center on Corridor

      High-visibility retail center in Findlay, Ohio, with redevelopment potential.
      1016 Tiffin Ave, Findlay, OH 45840
      View Details
    • $1,480,000

      High-Traffic Commercial Building For Sale

      12-unit commercial building in high-traffic area with investment potential.
      1100 Croy Dr, Findlay, OH, 45840-6730
      View Details
    • $750,000
      900 SF

      Apartment Buildings Near University

      Two-building apartment complex near University of Findlay, fully occupied.
      300-310 Allen Ave, Findlay, OH 45840
      View Details
    • $799,900

      Prime Business Opportunity in Findlay

      Business opportunity in a great location with leased and open space.
      413 N Main St, Findlay, OH, 45840-3541
      View Details
    • $1,900,000
      26,116 SF

      Established Retail Center on Major Corridor

      High-visibility retail center with strong tenant mix and redevelopment potential.
      1016 Tiffin Ave, Findlay, OH 45840
      View Details
    • $446,490

      Land for Sale or Lease

      Land available for sale, ground lease, or build to suite.
      1804 Broad Ave, Findlay, OH
      View Details
    • $788,580

      Land Available Near I-75

      Commercial land for sale, ground lease, or build to suite.
      800 W Trenton Ave, Findlay, OH
      View Details
    • $491,750

      20 Acres Commercial Development Land

      20-acre commercial development opportunity near I-75 in Findlay, OH.
      11051 County Rd 99, Findlay, OH
      View Details
    • $320,000

      20 Acres Commercial Development Land

      20-acre commercial development opportunity near I-75 and County Rd 99.
      3801 Technology Dr, Findlay, OH
      View Details
    • Contact for pricing
      5,540 SF

      Turnkey Bar and Restaurant Opportunity

      Premier entertainment destination with remodeled interior and outdoor campus.
      2330 Bright Rd, Findlay, OH 45840
      View Details

    FAQs

    What type of property is this?
    Commercial land - 5.11 acres of commercial land ready for development.
    Where is this commercial land located?
    The property is located at Bright Road Lot 1 Findlay, OH.
    What is the asking price?
    The asking price for this property is $147,500.
    What are key features of this property?
    This property features: Prime location on a high‑traffic street surrounded by manufacturing, offices, retail, and restaurants.; Zoned C2 general commercial, suitable for restaurants, strip malls, retail, or service businesses.; 5.11 acres available, divided into 4 lots that can be purchased individually or as a whole.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    James C Koehler II
    Real Estate License ID: OH
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!