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

    Rombach Ave, Wilmington, OH 45177

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    20 acres of industrial land for sale with retail potential.

    Type:Land, Retail
    Lot size:
    20.00 Acres
    Added:
    Feb 18, 2021
    Days on Market:
    1930
    Last Refresh:
    May 20 at 8:12 pm

    Property Features for Rombach Ave

    General Information

    Standard status
    Active
    Lot size
    20.00 Acres
    Property subtype
    Land, Retail

    We can help!

    Listing Contact
    Andrew Mullen

    Listing agent Andrew Mullen License #OH SAL.2022006485

    Listing office Colliers - Dayton, Ohio

    Listing date Feb 18, 2021

    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 Colliers - Dayton, Ohio

    HighLights

    • Zoned industrial with conditional use of retail/commercial
    • Located at the interchange of the Wilmington By‑Pass
    • 600' of frontage on SR 3 & US 22
    • All utilities on SR 3 & US 22 at adjacent property
    • Divisible with outlots available
    • Across from the Walmart Superstore and near Wilmington Airpark

    Overview

    This property features 20 acres of land available for sale in one parcel, offering 600 feet of frontage on State Route 3 and U.S. Route 22. The site is zoned for industrial use, with conditional use allowing for retail and commercial applications. The property is divisible, with outlots potentially available. All utilities are accessible on State Route 3 and U.S. Route 22 at an adjacent property. The location is at the interchange of the Wilmington bypass in Clinton County, across from the Walmart Superstore and near the Wilmington Airpark.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Wilmington
    County
    Clinton
    State
    Ohio
    Longitude
    -83.816889
    Latitude
    39.446147

    Nearby Similar for Sale

    • $290,000
      3,000 SF

      Wilmington Office Space For Sale

      3000 sq ft office space remodeled in 2020.
      602 South Street, Wilmington, OH 45177
      View Details
    • $995,000
      9,636 SF

      Charming Office Building with Modern Addition

      Spacious office building with historic charm and modern amenities.
      825 W Locust Street, Wilmington, OH 45177
      View Details
    • $5,950,000

      Unique 212+ Acre Commercial Property

      Versatile property with lake, RV park, cabins, and more.
      5719 W St Rt 73, Adams Twp, OH 45177
      View Details
    • Contact for pricing
      3,033 SF

      Former Restaurant with Drive-Thru

      3,033 SF restaurant with drive-thru on 1.2 acres.
      50 Roberts Rd, Wilmington, OH 45177
      View Details
    • $399,500

      26.6 Acres with Pole Barn

      26.6 acres with tillable land, pole barn, and tenant house.
      3840 Farmers Road, Washington Twp, OH 45177
      View Details
    • $105,000

      Residential Lot with Wooded Views

      3.41 acre residential lot with creek and wooded views.
      21 Hunters Glen Drive, Wilmington, OH 45177
      View Details
    • $212,000
      531,432 SF

      Large Acreage Building Lot

      Over 12 acres of farmland near Wilmington, Ohio.
      3853 Farmers Road, Wilmington, OH 45177
      View Details
    • $125,000

      Secluded Homesite in Wilmington, OH

      5 acre homesite near downtown Wilmington with road frontage.
      1200 Farmers Road, Wilmington, OH 45177
      View Details
    • $25,425,000

      Wilmington Commercial Land For Sale

      169.5 acres of commercial land with access from 3 roads.
      Rombach Avenue, Wilmington, OH 45177
      View Details
    • Contact for pricing
      5,492 SF

      Former Restaurant Building on Rombach

      5,492 SF building on 1.80 acres for lease.
      1341 Rombach Ave, Wilmington, OH
      View Details
    • $64,500

      Vacant Land in High Traffic

      Vacant lot in Wilmington, OH, build your future opportunity.
      129 Owens Avenue, Wilmington, OH 45177
      View Details
    • $5,966,136

      Wilmington, OH Land For Sale

      Prime land for development with frontage on State Route 73.
      987 N Nelson Avenue, Wilmington, OH 45177
      View Details

    FAQs

    What type of property is this?
    Commercial land - 20 acres of industrial land for sale with retail potential.
    Where is this commercial land located?
    The property is located at Rombach Ave Wilmington, OH.
    What are key features of this property?
    This property features: Zoned industrial with conditional use of retail/commercial; Located at the interchange of the Wilmington By‑Pass; 600' of frontage on SR 3 & US 22
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Andrew Mullen
    Real Estate License ID: OH SAL.2022006485
    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
    Rombach Ave, Wilmington, OH 45177
    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!