Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Princeton Rd And Gilmore Rd Hamilton, OH 45011
    Back to Search
    Property profile & analytics

    Princeton Rd And Gilmore Rd, Hamilton, OH 45011

    View on Map
    • Office Spaces
    • 1.74 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 0 Princeton Rd And Gilmore Rd

    Lot size
    1.74 lot acres
    Property type
    Office Spaces
    Property subtype
    Land

    Description

    This exceptional 1.74-acre parcel presents a prime opportunity for development in a thriving Butler County, Ohio retail corridor. Located at the intersection of Princeton Road and Gilmore Road in Fairfield Township (zip code 45011), this property benefits from its strategic position within the busy Menards Crossing development, anchored by a large Menards home improvement store. The high-traffic location boasts excellent visibility and accessibility from State Route 129 (Michael Fox Highway), Bypass 4, and Gilmore Road, with daily traffic counts exceeding 23,000 vehicles at key intersections. The site is ideally suited for a variety of uses, including restaurants, banks, smaller retail stores, retail centers, office buildings, and medical facilities. Existing tenants at Menards Crossing include Popeye's Chicken, Dollar Tree, AAA, El Rancho Nuevo, and Discount Tire, while nearby prominent retailers such as Kohl's, Walmart, Hobby Lobby, and the Bridgewater Falls Lifestyle Center further enhance the area's appeal. The development's proximity to a new Kettering Hospital facility and a recently constructed Fiehrer Motors dealership underscores the ongoing growth and investment in the area. This location offers unparalleled access to surrounding communities, including Liberty Township, West Chester Township, Ross Township, Fairfield, and Hamilton. The property is available for sale or build-to-suit options.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hamilton
    County
    Butler
    State
    Ohio
    Longitude
    -84.5147
    Latitude
    39.3913

    Comparable in this City

    • Value Estimation by Request
      450.00 Acres

      747 State Rte

      Restaurants
      747 State Rte, Hamilton, OH 45011
      View Details
    • Value Estimation by Request
      450.00 Acres

      747 State Rte

      Restaurants
      747 State Rte, Hamilton, OH 45011
      View Details
    • Value Estimation
      $1,395,000
      13,642 SF

      3035 Hamilton Mason Rd Ste, Unit 107

      CONDOMINIUM OFFICES
      3035 Hamilton Mason Rd Ste, Fairfield Township, OH 45011-5545
      View Details
    • Value Estimation by Request
      2,380 SF

      7921 Jessies Way

      CONDOMINIUM OFFICES
      7921 Jessies Way, Hamilton, OH 45011-8077
      View Details
    • Value Estimation by Request
      2,380 SF

      7923 Jessies Way

      CONDOMINIUM OFFICES
      7923 Jessies Way, Hamilton, OH 45011-8077
      View Details
    • Value Estimation by Request
      2.83 Acres

      3035 Hamilton Mason Rd

      CONDOMINIUM OFFICES
      3035 Hamilton Mason Rd, Fairfield Township, OH 45011-5544
      View Details

    Similar Nearby for Sale

    • $5,751,000
      35,605 SF

      Hamilton Executive Office & Warehouse

      Prime Ohio location, modern office & warehouse space.
      4400 Port Union Rd, Hamilton, OH 45011
      View Details
    • $6,702,000
      41,464 SF

      Hamilton Office/Warehouse Complex

      Prime Ohio location, 41,464 SF, $6.7M
      4400 Port Union Rd, Hamilton, OH 45011
      View Details
    • $15,000,000
      92,814 SF

      West Chester Office/Warehouse Campus

      92,814 SF, 6 Buildings, $15M
      4400 Prt Un Rd, West Chester Twp, OH 45011
      View Details
    • Contact for pricing

      DORA District Commercial Opportunity

      Three buildings with warehouse, industrial, and office space for sale.
      Unknown, Hamilton, OH 45011
      View Details
    • Contact for pricing

      Adaptable Property in Prime Location

      Turn-key asset with furnished office, flex space, and buildable acreage.
      4400 Port Union Rd, Hamilton, OH 45011
      View Details
    • $5,750,000
      100.00 Acres

      3985 Tylersville Rd

      Land
      3985 Tylersville Rd, Hamilton, OH 45011
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      92,814 SF

      West Chester Office/Warehouse

      92,814 SF Multi-Tenant Property
      4400 Prt Un Rd, West Chester Twp, OH 45011
      View Details
    • Contact for pricing

      0.94 AC Land For Lease

      0.94 AC of commercial land available for lease.
      747 Princeton Glendale Rd & Princeton Rd, Liberty Township, OH 45011
      View Details
    • Contact for pricing
      20,000 SF

      Office Space with High Ceilings

      Office space featuring 20' ceilings available for rent.
      1200 Dayton St, Hamilton, OH 45011
      View Details
    • Contact for pricing
      2,201 SF

      Customizable Office Space Available

      Office space with customizable build-out options and high foot traffic.
      136 N 3Rd St, Hamilton, OH 45011
      View Details
    • Contact for pricing
      1,713 SF

      Retail/Office Space with Restaurant Option

      First floor retail and office spaces with restaurant opportunity.
      315 Dayton St, Hamilton, OH 45011
      View Details
    • Contact for pricing
      4,000 SF

      New Retail/Office Space Available

      Up to 4,000 SF of divisible retail/office space for rent.
      2870 Menards Blvd, Hamilton, OH 45011
      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.
    Princeton Rd And Gilmore Rd
    Hamilton, OH 45011
    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
    Princeton Rd And Gilmore Rd, Hamilton, OH, 45011
    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!