Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    Rt 63 St Lebanon, OH 45036

    • Land
    • 89.34 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for Rt 63 St

    Lot size
    89.34 lot acres
    Property type
    Land

    Description

    This exceptional 89.34-acre commercial land parcel presents a remarkable investment opportunity in Warren County, Ohio. Strategically located just outside Lebanon and Monroe, Ohio, in Turtlecreek Township, this property boasts significant road frontage on State Route 63. Its prime location offers easy access to major transportation routes and is adjacent to the newly approved Doyle Hughes Subdivision at Parkside and Otterbein's Union Village, ensuring strong future growth potential. The property's proximity to the Warren County Sports Park further enhances its appeal. The land itself is primarily wooded, encompassing approximately 35 acres of wooded area, with a total square footage of 3,891,794. Detailed lot size dimensions are available upon request. The property is zoned for both residential and commercial use, providing flexibility for a wide range of development projects. Existing infrastructure includes readily available water and sewer services, simplifying the development process. This is a truly exceptional opportunity for developers and investors seeking a large-scale project with significant upside potential in a rapidly growing area. The APN is 12183000200. Don't miss this chance to acquire this highly desirable property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Warren
    State
    Ohio
    Longitude
    -84.2758
    Latitude
    39.4377

    Comparable in this City

    • Value Estimation by Request
      0.74 Acres

      1016 Main St

      Land • 0.74 Acres
      1016 Main St, Lebanon, OH 45036
      View Details
    • Value Estimation by Request
      19.00 Acres

      123 And I-71 -

      Land • 19.00 Acres
      123 And I-71 -, Lebanon, OH 45036
      View Details
    • Value Estimation by Request
      0.85 Acres

      300 Orton Dr

      Land • 0.85 Acres
      300 Orton Dr, Lebanon, OH 45036
      View Details
    • Value Estimation by Request
      1 SF

      1040 Oh-123

      Land • 1 SF
      1040 Oh-123, Lebanon, OH 45036
      View Details
    • Value Estimation by Request
      1.00 Acre

      2453 Rte

      Land • 1.00 Acre
      2453 Rte, Lebanon, OH 45036
      View Details
    • Value Estimation by Request
      1.00 Acre

      Genntown Dr

      Land • 1.00 Acre
      0 Genntown Dr, Lebanon, OH 45036
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.00 Acre

      Prime Lebanon Commercial Land

      High-traffic Ohio commercial lot, 1 acre.
      2453 Rte 122, Lebanon, OH 45036
      View Details
    • $5,344,740
      61.00 Acres

      Mason Farms Industrial Land

      61 Acres, I-1 Zoning, Lebanon, OH
      0 Mason Morrow Millgrove Rd, Lebanon, OH 45036
      View Details
    • Contact for pricing
      19.00 Acres

      Prime Lebanon Land - I-71 & SR 123

      Highly versatile land, ideal for mixed-use development.
      123 And I-71, Lebanon, OH 45036
      View Details
    • Contact for pricing
      19.00 Acres

      Interstate 71 Lebanon Land

      Prime Ohio land: Retail, commercial, residential.
      123 And I-71 -, Lebanon, OH 45036
      View Details
    • Contact for pricing
      1.00 Acre

      Prime Lebanon Commercial Land

      1 Acre, High-Visibility Location, GC Zoning
      0 Genntown Dr, Lebanon, OH 45036
      View Details
    • $650,000
      1.00 Acre

      Lebanon Commercial Land Opportunity

      High-traffic retail land, prime location.
      916 Columbus Ave, Lebanon, OH 45036
      View Details

    Similar Nearby for Lease

    • $495,000
      11 SF

      Prime Land Available For Lease

      11.5 acres of commercial land for lease in Lebanon, OH.
      741 And 63, Lebanon, OH 45036
      View Details
    • Contact for pricing
      1,183,475 SF

      C5 Encore Logistics Center

      Modern Ohio Logistics Campus, 1M+ SF
      760 Encore Dr, Lebanon, OH 45036
      View Details
    • $9 SF/Yr
      25,699 SF

      Industrial Space Available For Lease

      25,699 SF industrial space available for lease in Lebanon, OH.
      1245 Kingsview Dr, Lebanon, OH 45036
      View Details
    • $12 SF/Yr
      66,846 SF

      Prime Lebanon Retail Space

      Large Retail Space Available Now
      1235 Columbus Ave, Lebanon, OH 45036
      View Details
    • $216 SF/Yr
      4,790 SF

      Lebanon, OH Commercial Space

      Flexible Office & Warehouse Units in Lebanon, Ohio
      3515 Columbia Rd, Lebanon, OH 45036
      View Details
    • Contact for pricing
      11,700 SF

      Union Village Retail Opportunity

      Retail spaces available in Union Village Square shopping center.
      741 North Of Rte, Lebanon, OH 45036
      View Details
    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.
    Rt 63 St
    Lebanon, OH 45036
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.