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Property profile & analytics
OFF-MARKET
Mixed-use properties

1720 Addison-New Carlisle Rd New Carlisle, OH 45344

Property ID
Property summary
AI-generated overview

This 0.87-acre lot in New Carlisle, Ohio, presents a remarkable commercial development opportunity. Located at the intersection of SR-235 and SR-571, this "Central Business" zoned property boasts exceptional visibility and accessibility, with a traffic count of 10,372 vehicles daily—a 10% increase year-over-year. The site is surrounded by significant growth, including 600+ new homes under construction, projected to add 2,250 residents to the area. Directly across the street is a supermarket and car dealership, while a new housing development and McDonald's are under construction nearby. The property's current structures—a single-family home and two large garages—are vacant and ready for demolition or repurposing. Ideal for a café, restaurant, or any business requiring a drive-thru, the lot offers multiple entry points and plans for a signalized easement. Utilities including electricity, water, and sewer are readily available

Property profile
Verified
Property type Mixed-use properties
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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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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