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Property profile & analytics
OFF-MARKET
Land

0 Commerce Dr Defiance, OH 43512

105 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 105-acre commercial development site, known as Harmon Business Park, presents a unique investment opportunity in Defiance, Ohio. Strategically located off US 24, it offers unparalleled access to major transportation arteries, including I-75, I-69, and the Ohio Turnpike (I-80/90). The property's central location provides easy reach to key Midwest markets such as Cleveland, Cincinnati, Indianapolis, Columbus, Detroit, and Chicago. The main 55-acre park is zoned M-2 Industrial, allowing for diverse development options, with build-to-suit opportunities available. An additional 50 acres, zoned M-3 Industrial, are situated north of the railroad along US 24, offering parcels ranging from 9 to 28 acres or combinable for a larger 50-acre tract. The site boasts readily available public utilities, including heavy electrical service due to proximity to a First Energy substation, and ample public water and sewer capacity provided by the City of Defiance. Rail access is available for select sites. This location is ideal for health, food, auto-related/supplier manufacturing, or logistics businesses. The property benefits from state and local incentives and is designated a Qualified Opportunity Zone under the Tax Cuts and Jobs Act of 2017. Furthermore, its proximity to Defiance College, Northwest State Community College (ten miles north), and the University of Toledo (fifty miles away) provides access to a skilled workforce.

Property profile
Verified
Property type Land
Lot 105 ac (4,573,800 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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