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    54760 Bellaire Neffs Rd Bellaire, OH 43906

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    54760 Bellaire Neffs Rd Bellaire, OH 43906

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    • Warehouses
    • 6,132 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 54760 Bellaire Neffs Rd

    Year built
    2005
    Property size
    6,132 SF
    Property type
    Warehouses
    Property subtype
    Specialty properties

    Description

    This Belmont County industrial property offers 6,132 square feet of space, perfectly suited for distribution or warehouse operations. Built in 2005, the building features 4,620 square feet of warehouse space and a 1,500 square foot office area (50' x 30'). Four 13' wide x 12' high drive-in garage doors provide easy access for loading and unloading. An existing crane is also in place. The property sits on a 2.5-acre lot and offers the potential for additional land acquisition for laydown areas or machinery parking. Located minutes from State Route 7 and close to a proposed cracker plant, this property enjoys a prime location with easy access and high visibility. The building benefits from 24-hour access, propane heating, county water service, and ample fluorescent lighting. This single-tenant property is available for immediate occupancy at a monthly rental rate of $5,500. The property is classified as Industrial, Special Purpose, and Land.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bellaire
    County
    Belmont
    State
    Ohio
    Longitude
    -80.7988
    Latitude
    40.0219

    Comparable in this City

    • Value Estimation by Request
      6,132 SF

      54760 Neffs Bellaire Rd

      Distribution properties • 6,132 SF
      54760 Neffs Bellaire Rd, Neffs, OH 43906
      View Details
    • Value Estimation
      $2,250,000
      32,643 SF

      3800 Jefferson St

      DISTRIBUTION WAREHOUSE • 32,643 SF
      3800 Jefferson St, Bellaire, OH 43906-1202
      View Details
    • Value Estimation
      $5,335,000
      69,020 SF

      5120 Guernsey St

      DISTRIBUTION WAREHOUSE • 69,020 SF
      5120 Guernsey St, Bellaire, OH 43906-9517
      View Details
    • Value Estimation
      $1,995,000
      44,980 SF

      5120 Guernsey St

      DISTRIBUTION WAREHOUSE • 44,980 SF
      5120 Guernsey St, Bellaire, OH 43906-9517
      View Details
    • Value Estimation by Request
      4,911 SF

      2407 Belmont St

      CHARITABLE ORGANIZATION • 4,911 SF
      2407 Belmont St, Bellaire, OH 43906-1734
      View Details
    • Value Estimation by Request
      3,878 SF

      3600 Guernsey St

      CHARITABLE ORGANIZATION • 3,878 SF
      3600 Guernsey St, Bellaire, OH 43906-1236
      View Details

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    Similar Nearby for Lease

    • $5,500 /Mo

      Industrial Park with Crane Access

      Versatile industrial park with immediate occupancy and crane access.
      54762 Bellaire Neff Rd, Bellaire, OH 43906
      View Details
    • $5,500 /Mo
      108,900 SF

      Versatile Industrial Park Setting

      Industrial park with versatile buildings, immediate occupancy, and ample space.
      54762 Bellaire Neffs Rd, Bellaire, OH 43906
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    • $12,000 /Mo
      130,680 SF

      Industrial Park Near State Route

      Industrial buildings with bay doors, office space, and optional yard.
      State Rte 149, Bellaire, OH 43906
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    • Contact for pricing

      Remodeled Multi-Tenant Retail Building

      Recently remodeled retail building with available lease space.
      3050 Guernsey St, Bellaire, OH 43906
      View Details
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    Bellaire, OH 43906
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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
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    54760 Bellaire Neffs Rd, Bellaire, OH, 43906

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