Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    65-Acre Commercial Development Opportunity Title is generated by Realmo AI

    SR-32 & Herold Road, Batavia, OH 45103

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Large commercial land with frontage on SR-32 and Herold Rd.

    Type:Land
    Lot size:
    65.00 Acres
    Added:
    Jul 27, 2023
    Days on Market:
    1042
    Last Refresh:
    May 13 at 8:13 pm

    Property Features for SR-32 & Herold Road

    General Information

    Standard status
    Active
    Lot size
    65.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Jeff Eichhorn

    Listing agent Jeff Eichhorn License #OH BRKP.2015002479

    Listing office The Schueler Group

    Listing date Jul 27, 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 The Schueler Group

    HighLights

    • Prime location with frontage on Herold Rd. and SR‑32, offering excellent visibility and accessibility.
    • Flexible commercial zoning allows for a wide range of development options.
    • Village committed to partnering with developers through tax abatements and other incentives.
    • Strategic location surrounded by existing development, ideal for medical, retail, or other commercial ventures.
    • Benefit from a growing residential population due to nearby development of 300 single‑family homes and 300 apartments.
    • Expansive 65‑acre property offers exceptional potential for commercial development.

    Overview

    This expansive 65-acre property presents an opportunity for commercial development. The site features frontage on both sides of Herold Road and SR-32, providing visibility and accessibility. Its commercial zoning supports a range of development options, including commercial, residential, and assisted living facilities. The village is prepared to partner with developers through tax abatements and other incentives to encourage investment and business growth, with a dedication to fostering economic development and creating a thriving community. The property's location, surrounded by existing development, makes it suitable for future medical, retail, or other commercial ventures. A nearby development that will include 300 single-family homes and 300 apartments is planned, which is expected to increase demand for services and amenities.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Batavia
    County
    Clermont
    State
    Ohio
    Longitude
    -84.1162
    Latitude
    39.0978

    Nearby Similar for Sale

    • $525,000
      1,517 SF

      Turnkey Bait Shop on 6.74 Acres

      Established bait shop and pay lake near East Fork State Park.
      2155 Slade Road, Batavia Twp, OH 45103
      View Details
    • $1,500,000
      5,000 SF

      Eastgate Assemblage with Development Potential

      14.5-acre Eastgate assemblage with commercial and residential zoning.
      1234 Old St Rt 74, Union Twp, OH 45103
      View Details
    • $1,300,000

      Batavia Twp Land For Sale

      18.44 acre commercial land available in Batavia Twp, OH.
      2432 Bauer Road, Batavia Twp, OH 45103
      View Details
    • $174,900

      Land in Union Twp, OH

      2.65 acre commercial land for sale in Union Twp.
      Schoolhouse Road, Union Twp, OH 45103
      View Details
    • $199,999

      Residential Land in Williamsburg Township

      3.22 acres of land ready for residential development.
      4145 Half Acre Road, Williamsburg Twp, OH 45103
      View Details
    • $5,268,182
      10,960 SF

      PetSuites Retail Investment Opportunity

      10,960 SF PetSuites in Cincinnati, OH for sale.
      4560 Eastgate Oaks Dr, Batavia, OH
      View Details
    • $534,000

      Land with High Traffic Frontage

      Commercial land with high traffic and development potential.
      136 W Main St, Batavia, OH
      View Details
    • $200,000

      Land in Stonelick Twp, OH

      5.68 acre land parcel for sale in Stonelick Township.
      5382 Hutchinson Road, Stonelick Twp, OH 45103
      View Details
    • $2,225,000

      Equestrian Training Facility Near WEC

      69-acre equestrian facility with indoor and outdoor arenas.
      2641 Us Highway 50, Batavia, OH
      View Details
    • $2,139,000
      2,325 SF

      New Single-Tenant Chipotle Restaurant

      New Chipotle in Batavia, OH with long-term corporate lease.
      Hospital Dr, Batavia, OH
      View Details
    • $135,000

      Prime Commercial Land Opportunity

      High-visibility land in a thriving commercial corridor.
      1269 Old State Route 74, Batavia, OH
      View Details
    • Contact for pricing
      253,566 SF

      Spacious Industrial Property with Rail Access

      253,566 SF industrial space with rail access in Batavia, OH.
      4225 Curliss Lane, Batavia, OH, 45103
      View Details

    FAQs

    What type of property is this?
    Commercial land - Large commercial land with frontage on SR-32 and Herold Rd.
    Where is this commercial land located?
    The property is located at SR-32 & Herold Road Batavia, OH.
    What are key features of this property?
    This property features: Prime location with frontage on Herold Rd. and SR‑32, offering excellent visibility and accessibility.; Flexible commercial zoning allows for a wide range of development options.; Village committed to partnering with developers through tax abatements and other incentives.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jeff Eichhorn
    Real Estate License ID: OH BRKP.2015002479
    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

    Thank You for Inquiry
    SR-32 & Herold Road, Batavia, OH 45103
    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!