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Property profile & analytics
OFF-MARKET
Land

500 Monroe-Concord Rd Troy, OH 45373

10 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 10-acre parcel at 500 Monroe-Concord Road in Troy, Ohio, presents a remarkable opportunity for residential development. Currently zoned and approved for 37 residential lots, this property boasts a prime location across from the established Merrimont subdivision and adjacent to another smaller subdivision. The convenient location offers easy access to downtown Troy, Interstate 75, a variety of restaurants, and retail amenities, ensuring high desirability for future residents. The asking price is $750,000. Engineering work is underway, although the subdivision plan will require submission to Miami County for final approval. Utilities are readily available at the roadside, simplifying infrastructure development. This is a turnkey opportunity for developers seeking a well-situated, high-potential residential project in a thriving Ohio community. The property's 45373 zip code and proximity to major transportation routes make it exceptionally attractive. With zoning and development approvals already secured, this land is ready for immediate action. Don't miss this chance to acquire a highly desirable residential development site in a rapidly growing area.

Property profile
Verified
Property type Land
Lot 10 ac (435,600 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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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