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
    Back to Search
    Property profile & analytics

    2254 Enterprise Dr Fremont, OH 43420

    • Retail properties
    • 3,948 SF
    • 0.96 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 2254 Enterprise Dr

    Year built
    2003
    Lot size
    0.96 lot acres
    Property size
    3,948 SF
    Property type
    Retail properties
    Property subtype
    Land

    Description

    This exceptional commercial property presents a unique investment opportunity. Located at 2254 Enterprise Dr, Fremont, OH 43420, this 0.96-acre lot features a 3,948 square foot building constructed in 2003. The property is zoned for General Commercial use and boasts a prime corner location in a highly desirable retail area. The single-story building previously operated as a car wash, offering potential for redevelopment or refurbishment. The lot dimensions are approximately 169 x 245 feet. All utilities are available. This court-ordered online auction presents a chance to acquire this property at a minimum bid of $108,888.89. The property is appraised at $163,333.33. Online bidding opens Wednesday, November 13, 2024, and closes Tuesday, December 10, 2024, at 12:00 pm (subject to anti-snipe rules). Open houses are scheduled for Tuesday, December 3rd, and Friday, December 6th, from 12:00 pm to 1:00 pm. A 10% deposit is due upon winning the bid, with the remaining balance due within 30 days. A 10% buyer's premium will be added to the final bid. The Sandusky County tax assessment for half the year is estimated at $4,080. The Tax Parcel Number is 34-60-00-0413-01. This is a rare opportunity to acquire a well-located commercial property with significant upside potential. Don't miss this chance to own a piece of Fremont's thriving commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fremont
    County
    Sandusky
    State
    Ohio
    Longitude
    -83.1152
    Latitude
    41.3775

    Comparable in this City

    • Value Estimation by Request
      8,000 SF

      2140 Enterprise Dr

      Retail properties • 8,000 SF
      2140 Enterprise Dr, Fremont, OH 43420
      View Details
    • Value Estimation by Request
      3.29 Acres

      2091 Cedar St

      Land • 3.29 Acres
      2091 Cedar St, Fremont, OH 43420
      View Details
    • Value Estimation by Request

      Sean Dr

      Land
      0 Sean Dr, Fremont, OH 43420
      View Details
    • Value Estimation by Request
      27.57 Acres

      2100 Oh-53

      Land • 27.57 Acres
      2100 Oh-53, Fremont, OH 43420
      View Details
    • Value Estimation by Request
      3.32 Acres

      3660 Oh-53

      Land • 3.32 Acres
      3660 Oh-53, Fremont, OH 43420
      View Details
    • Value Estimation by Request
      190,417 SF

      1044 Oak Harbor Rd

      Lifestyle centers • 190,417 SF
      1044 Oak Harbor Rd, Fremont, OH 43420
      View Details

    Similar Nearby for Sale

    • $245,000
      3.32 Acres

      Fremont Commercial Land Development

      3.32 Acres, Ohio Turnpike Proximity
      3660 Oh-53, Fremont, OH 43420
      View Details
    • $950,000
      27.57 Acres

      Fremont Commercial Land - 27 Acres

      High-traffic location, development potential.
      2100 Oh-53, Fremont, OH 43420
      View Details
    • $635,000

      Fremont, OH Commercial Land

      3.45-acre commercial outlot for sale or lease.
      0 Sean Dr, Fremont, OH 43420
      View Details
    • $162,855
      3.29 Acres

      Fremont Commercial Land - 3.29 Acres

      Prime Fremont commercial land, ideal for development.
      2091 Cedar St, Fremont, OH 43420
      View Details
    • $162,855

      Commercial Land on Cedar Street

      3.29 acres of commercial land for sale.
      2091 Cedar St, Fremont, OH 43420
      View Details
    • $950,000
      27.57 Acres

      Fremont Commercial Land Opportunity

      27+ acre commercial land parcel in high-traffic Fremont location.
      2100 N State Route 53, Fremont, OH 43420
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,000 SF

      Fremont Retail Space For Lease

      High-traffic retail space available in Fremont, OH.
      2140 Enterprise Dr, Fremont, OH 43420
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space with Drive-Thru Potential

      1,200 SF retail space with drive-thru and patio potential.
      2140 Enterprise St, Fremont, OH 43420
      View Details
    • $1.75 SF/Yr
      115,570 SF

      Fremont Industrial Property - 115,570 SF

      Spacious industrial building, ideal for manufacturing & distribution.
      1900 Napoleon St, Fremont, OH 43420
      View Details
    • $19 SF/Yr
      27,506 SF

      Liberty Square II Retail Center

      Fremont, Ohio retail space available.
      2200 Sean Dr, Fremont, OH 43420
      View Details
    • Contact for pricing
      4,950 SF

      Retail Spaces For Lease

      Retail spaces available with strong co-tenants and ample parking.
      1032-1230 Oak Harbor Rd, Fremont, OH 43420
      View Details
    • $13 SF/Yr
      7,000 SF

      Retail Space in Liberty Square

      Retail space available in a busy Fremont shopping center.
      2180 Sean Dr, Fremont, OH 43420
      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.
    2254 Enterprise Dr
    Fremont, OH 43420
    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.