Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Sr 128 & New Hvn Harrison, OH 45030

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Sr 128 & New Hvn Harrison, OH 45030

    View on Map
    • Retail properties & Spaces
    • 13.40 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for Sr 128 & New Hvn

    Year built
    1999
    Lot size
    13.40 lot acres
    Property type
    Retail properties & Spaces

    Description

    This exceptional 13.437-acre retail land parcel presents a unique investment opportunity in Harrison, Ohio. Located at the intersection of SR 128 and New Haven, this highly visible site offers significant potential for development. The property is divisible, with a minimum two-acre parcel size, providing flexibility for various projects. The asking price is $149,000 per acre, making it an attractive proposition for developers seeking prime retail space in a growing area. The land is situated within Crosby Township and comprises three separate parcels (Parcel ID's: 530.0050.0096, 530.0050.0097, 530.0050.0098). While a flood plain overlay exists, fill is allowable with approved grading drawings, offering developers the opportunity to create a level and usable site. This strategic location, combined with the property's size and divisibility, makes it an ideal location for a variety of retail developments. The high visibility ensures strong exposure to potential customers, making this a compelling investment for those seeking a high-return opportunity in the thriving Harrison market. Serious inquiries are encouraged to explore the possibilities of this exceptional retail land offering.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Harrison
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.7159
    Latitude
    39.2496

    Comparable in this City

    • Value Estimation by Request
      14,000 SF

      10459 Harrison Ave

      Retail properties & Spaces • 14,000 SF
      10459 Harrison Ave, Harrison, OH 45030
      View Details
    • Value Estimation by Request
      2,214 SF

      10554 Harrison Ave

      Restaurants • 2,214 SF
      10554 Harrison Ave, Harrison, OH 45030
      View Details
    • Value Estimation by Request
      2,214 SF

      10554 Harrison Ave

      Restaurants • 2,214 SF
      10554 Harrison Ave, Harrison, OH 45030
      View Details
    • Value Estimation by Request

      385 Legacy Way22-g5

      RESIDENTIAL PARKING GARAGE
      385 Legacy Way22-g5, Harrison, OH 45030-8222
      View Details
    • Value Estimation by Request
      7.12 Acres

      10560 Harrison Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 7.12 Acres
      10560 Harrison Ave, Harrison, OH 45030-2240
      View Details
    • Value Estimation by Request
      2.04 Acres

      595 Ring Rd

      RETAIL STORES (PERSONAL SERVICES) • 2.04 Acres
      595 Ring Rd, Harrison, OH 45030-2765
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      53,946 SF

      Crossroads Plaza Shopping Center

      Shopping center in Harrison, OH, for occupiers or investors.
      10937 New Haven Rd, Harrison, OH 45030
      View Details
    • $990,000
      22,016 SF

      Two-Story Retail Center For Sale

      Two-story retail center in Harrison, OH, with high visibility.
      1142 Harrison Ave, Harrison, OH 45030
      View Details
    • Contact for pricing

      Land Available in Growing Area

      13+ acres of land for sale in Cincinnati, OH.
      Scott Commercial Lots Ft, Cincinnati, OH 45030
      View Details
    • Contact for pricing
      4,140 SF

      Harrison Warehouse with Expansion Potential

      Harrison, Ohio warehouse with surplus land for expansion or storage.
      9005 Kilby Rd, Harrison, OH 45030
      View Details
    • $300,000

      Commercial Land with Utilities

      2.23 acre commercial land with utilities and frontage.
      10047 Harrison Ave, Harrison, OH 45030
      View Details
    • New
      $89,999
      3.93 Acres

      Land Near I-74 and Restaurants

      Almost 4 acres of land, ready for development near I-74.
      10485 New Biddinger Rd, Harrison, OH 45030
      View Details

    Similar Nearby for Lease

    • $1,000 /Mo
      2,828 SF

      Turnkey Restaurant and Retail Space

      Restaurant, laundromat, and retail spaces available for lease.
      202-204 S State St, Harrison, OH 45030
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Harrison, Ohio.
      10459 Harrison Ave, Harrison, OH 45030
      View Details
    • Contact for pricing

      Retail Land Development Opportunity

      Two retail land parcels available for ground lease or build-to-suit.
      10570 New Haven Rd, Harrison, OH 45030
      View Details
    • Contact for pricing

      Harrison Flex Space with Showroom

      Flex space featuring showroom, warehouse, and outdoor storage.
      10051 Simonson Rd, Harrison, OH 45030
      View Details
    • Contact for pricing

      Retail Space with High Visibility

      Retail space with ample parking and high traffic counts.
      10560 Harrison Ave, Harrison, OH 45030
      View Details
    • Contact for pricing
      2,750 SF

      Harrison Flex Space with Showroom

      Flex space featuring showroom, warehouse, and fenced outdoor storage.
      10051-10053 Simonson Rd, Harrison, OH 45030
      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.
    Sr 128 & New Hvn
    Harrison, OH 45030
    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.
    Sign Up Successful!
    You now have access to more from Realmo!