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    Property profile & analytics

    Wilmington, OH 45177

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

    Current Use by Public Records

    • Land

    Property Details

    Lot size
    480.00 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional investment opportunity presents 480 contiguous acres of prime agricultural land situated on the southern edge of Wilmington, Ohio. The property boasts significant frontage along a major US highway, providing excellent accessibility and visibility. The expansive acreage presents a rare opportunity for large-scale farming operations or strategic land development. Located in Clinton County, Ohio, with a zip code of 45177, this property is conveniently located near Wilmington, offering proximity to essential amenities and services. The land's ideal location and substantial size make it a highly desirable asset for investors seeking a significant return on investment in Ohio's thriving agricultural sector. The asking price for this remarkable property is $36,000,000. Given the scarcity of such large, contiguous tracts of farmland with highway frontage, this represents a unique and potentially lucrative investment opportunity. Detailed surveys and soil reports are available upon request. This is a truly exceptional opportunity to acquire a substantial and strategically located agricultural property in Ohio.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    Clinton
    State
    Ohio
    Longitude
    -83.8371
    Latitude
    39.4235

    Comparable in this City

    • Value Estimation by Request
      20.00 Acres

      Mccoy Rd

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      0 Mccoy Rd, Wilmington, OH 45177
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      69.40 Acres

      73 Old State Rd

      Farms • 69.40 Acres
      73 Old State Rd, Wilmington, OH 45177
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    • Value Estimation by Request
      191.00 Acres

      Oh-73

      Farms • 191.00 Acres
      0 Oh-73, Wilmington, OH 45177
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    • Value Estimation by Request
      1.00 Acre

      2028 3

      Farms • 1.00 Acre
      2028 3, Wilmington, OH 45177
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    • Value Estimation by Request
      20.00 Acres

      22 S

      Land • 20.00 Acres
      22 S, Wilmington, OH 45177
      View Details
    • Value Estimation by Request
      1.16 Acres

      3 Lynne Ln

      Land • 1.16 Acres
      3 Lynne Ln, Wilmington, OH 45177
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.00 Acre

      Wilmington Industrial Land - 75 Acres

      Prime Ohio land, ideal for development. Near Air Park & medical center.
      2028 3, Wilmington, OH 45177
      View Details
    • $19,109,000
      191.00 Acres

      Prime 191-Acre Ohio Farmland

      Highly tillable farmland near Wilmington Air Park.
      0 Oh-73, Wilmington, OH 45177
      View Details
    • $2,000,000
      20.00 Acres

      Prime 20-Acre Ohio Farmland

      Residential building lot, farmland, Clinton County.
      0 Mccoy Rd, Wilmington, OH 45177
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    • $8,165,375
      65.32 Acres

      Wilmington Edge Land with Barn

      65+ acres near Wilmington with tillable land and barn.
      1957 St Rt 730, Wilmington, OH 45177
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    • $2,876,545
      97.51 Acres

      97 Acres Residential Development Opportunity

      97 acres in Chester Twp with development potential.
      9060 St Rt 73 W, Wilmington, OH 45177
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    • $6,235,000
      214.79 Acres

      214+ Acres Near Wilmington

      214.791 acre property with 146 tillable acres near Wilmington.
      Us Rt 22 & 3, Wilmington, OH 45177
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,630,000 SF

      Airport Road Commercial Campus

      Wilmington, OH: Premier Office & Warehouse Space
      1113 Airport Rd, Wilmington, OH 45177
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    • Contact for pricing
      1 SF

      Prime Commercial Land For Lease

      1.4 acre commercial land parcel with high visibility and accessibility.
      Roberts Rd, Wilmington, OH 45177
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    • Contact for pricing
      35,000 SF

      High-Visibility Commercial Space Available

      Strategically located commercial space with high traffic and visibility.
      2251 Rombach Ave, Wilmington, OH 45177
      View Details
    • $2,995,000
      1,600 SF

      Retail Space in Wilmington, OH

      Retail property available for rent in Wilmington, Ohio.
      935-1025 S South St S, Wilmington, OH 45177
      View Details
    • Contact for pricing
      104,000 SF

      Wilmington Executive Office Space

      Modern Office, 5,405 SF Available
      1113 Airport Rd, Wilmington, OH 45177
      View Details
    • $18 SF/Yr
      10,700 SF

      Wilmington Square II Retail Center

      Prime Retail Space Available in Clinton County
      2855 Progress Way, Wilmington, OH 45177
      View Details
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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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