Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Commerce Center Blvd Troy, OH 45373
    Back to Search
    Property profile & analytics

    Commerce Center Blvd, Troy, OH 45373

    View on Map
    • Land
    For Sale
    $110,000
    View Listing →
    Troy West: 2.3 Acres Commercial Land For Sale
    $110,000

    Troy West: 2.3 Acres Commercial Land

    Prime Troy, OH location; shovel-ready commercial/industrial site.

    0 Commerce Center Blvd, Troy, OH 45373
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Commerce Center Blvd

    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 2.3-acre parcel presents a remarkable opportunity for commercial or industrial development in Troy, Ohio. Strategically located on Commerce Center Boulevard, this property enjoys unparalleled visibility and accessibility. Its proximity to the Honda manufacturing facility offers significant advantages for businesses seeking a location near a major employer and established infrastructure. The site is conveniently situated near Interstate 75, providing easy access to regional and national transportation networks. Furthermore, the property's location within the busiest section of Troy places it amidst a thriving retail environment, ensuring high traffic volume and customer exposure. The land is zoned for commercial use, eliminating zoning hurdles and expediting the development process. Priced at $110,000, this "shovel-ready" site represents an exceptional value for developers seeking a prime location in a dynamic and growing market. The property's ideal location, combined with its zoning and accessibility, makes it an attractive investment for a wide range of commercial and industrial ventures. This is a rare opportunity to acquire a highly desirable parcel in a prime location within Troy, Ohio. Don't miss out on this chance to secure a strategic foothold in a thriving business community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Miami
    State
    Ohio
    Longitude
    -84.2381
    Latitude
    40.0423

    Comparable in this City

    • Value Estimation by Request
      4.06 Acres

      1851 Towne Park Dr

      Land
      1851 Towne Park Dr, Troy, OH 45373
      View Details
    • Value Estimation by Request
      112.00 Acres

      Country Rd

      Land
      0 Country Rd, Troy, OH 45373
      View Details
    • Value Estimation by Request

      25A And County Hwy

      Land
      25A And County Hwy, Troy, OH 45373
      View Details
    • Value Estimation by Request
      1.25 Acres

      1601 County Road 25A

      Land
      1601 County Road 25A, Troy, OH 45373
      View Details
    • Value Estimation by Request

      2569 Main St

      Land
      2569 Main St, Troy, OH 45373
      View Details
    • Value Estimation by Request
      5.00 Acres

      3436 County Road 25A

      Land
      3436 County Road 25A, Troy, OH 45373
      View Details

    Similar Nearby for Sale

    • $110,000

      Troy West: 2.3 Acres Commercial Land

      Prime Troy, OH location; shovel-ready commercial/industrial site.
      0 Commerce Center Blvd, Troy, OH 45373
      View Details
    • $200,000
      1.20 Acres

      Troy, OH Commercial Land - Market St

      Prime Pad Sites, I-75 Proximity
      0 Market St, Troy, OH 45373
      View Details
    • Contact for pricing
      122,000 SF

      Troy Warehouse Space Available

      122,000 square foot warehouse space for rent in Troy, Ohio.
      1255 Archer Dr, Troy, OH 45373
      View Details
    • $1,300,000

      Downtown Troy Restaurant/Brewery Opportunity

      Remodeled restaurant/brewery with commercial kitchen, brewing facility, and outdoor seating.
      214 W Main St, Troy, OH 45373
      View Details
    • $250,000
      0.10 Acres

      Prime Buildable Lot in Troy

      Vacant .27 acre lot in downtown Troy, Ohio.
      14 W Canal St, Troy, OH 45373
      View Details
    • $1,100,000
      62.90 Acres

      Productive Land with Recreational Value

      62-acre property with tillable land, pasture, and wooded terrain.
      Piqua Troy Rd, Troy, OH 45373
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail/Office/Industrial Space For Lease

      Retail, office, and industrial spaces available for lease.
      1275 Experiment Farm Rd, Troy, OH 45373
      View Details
    • Contact for pricing
      6,789 SF

      Industrial Space with I-75 Visibility

      6,789 SF industrial space available with I-75 visibility.
      952 South Dorset Rd, Troy, OH 45373
      View Details
    • Contact for pricing
      6,789 SF

      Industrial Space with I-75 Visibility

      6,789 SF industrial space with office and highway access.
      974 S Dorset Rd, Troy, OH 45373
      View Details
    • Contact for pricing
      5,000 SF

      Industrial Building Near I-75

      5,000 SF industrial building with dock and drive-ins for rent.
      645 Olympic Dr, Troy, OH 45373
      View Details
    • Contact for pricing
      1,900 SF

      Updated Suites in Prime Location

      Updated office suites available for lease in a convenient location.
      1569 Mckaig Ave, Troy, OH 45373
      View Details
    • Contact for pricing

      Westbrook Two Bedroom Duplex

      Two-bedroom duplex with garage, fenced yard, and included appliances.
      920 N Dorset Rd, Troy, OH 45373
      View Details
    View Listing
    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.
    Commerce Center Blvd
    Troy, OH 45373
    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

    Thank You for Inquiry
    Commerce Center Blvd, Troy, OH, 45373
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!