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    4785 Dixie Hwy Fairfield, OH 45014

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    4785 Dixie Hwy Fairfield, OH 45014

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    • Lifestyle centers
    • 96,313 SF
    • 7.95 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 4785 Dixie Hwy

    Year built
    1956
    Lot size
    7.95 lot acres
    Property size
    96,313 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional investment opportunity presents Cornerstone Plaza, a fully occupied, multi-tenant retail center located at 4785 Dixie Hwy in Fairfield, Ohio (Cincinnati MSA). The 96,313 square foot building, situated on 7.95 acres, boasts 11 tenants under net leases with CAM reimbursements, ensuring a stable income stream. Built in 1956 and extensively renovated in 2024, the property offers 13 suites and enjoys a prime retail location with incredibly high visibility and convenient access. The center benefits from substantial traffic, with over 27,200 vehicles passing daily, and a strong local presence. The surrounding area is densely populated, with over 168,400 residents and an average household income exceeding $93,600 within a 5-mile radius. The current net operating income (NOI) is $644,017, yielding an attractive 8.23% cap rate. The asking price is $7,827,960, translating to $81.28 per square foot. With a remaining lease term of 14 years and below-market rent of $7.05 per square foot, this property presents significant upside potential for future rent increases. This is a rare opportunity to acquire a high-performing, stable retail investment in a thriving market. The property's strong tenant base, coupled with its strategic location and recent renovations, makes it an ideal addition to any investment portfolio.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fairfield
    County
    Butler
    State
    Ohio
    Longitude
    -84.5417
    Latitude
    39.3467

    Comparable in this City

    • Value Estimation
      $4,885,000
      58,858 SF

      4605 Dixie Hwy

      MINI-MALL • 58,858 SF
      4605 Dixie Hwy, Hamilton, OH 45014-1845
      View Details
    • Value Estimation
      $2,430,000
      30,276 SF

      675 Deis Dr

      MINI-MALL • 30,276 SF
      675 Deis Dr, Fairfield, OH 45014-8136
      View Details
    • Value Estimation
      $2,345,000
      20,384 SF

      500 Wessel Dr

      MINI-MALL • 20,384 SF
      500 Wessel Dr, Fairfield, OH 45014-3673
      View Details
    • Value Estimation
      $1,040,000
      9,436 SF

      5390 Dixie Hwy

      MINI-MALL • 9,436 SF
      5390 Dixie Hwy, Fairfield, OH 45014-4124
      View Details
    • Value Estimation
      $2,595,000
      22,545 SF

      5462 Dixie Hwy

      MINI-MALL • 22,545 SF
      5462 Dixie Hwy, Fairfield, OH 45014-4108
      View Details
    • Value Estimation by Request
      16,140 SF

      5951 Boymel Dr

      SHOPPING CENTER, STRIP CENTER • 16,140 SF
      5951 Boymel Dr, Fairfield, OH 45014-5635
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,608 SF

      Restaurant Property with Drive Thru

      Second-generation restaurant with drive-thru, pylon signage, and ample parking.
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      Former Restaurant on Dixie Highway

      Former restaurant with high visibility and traffic counts available for sale.
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      96,313 SF

      Fairfield Retail Center For Sale

      Fully occupied retail center in Fairfield, Ohio with upside potential.
      4727-4785 Dixie Hwy, Fairfield, OH 45014
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    • $2,356,496

      Fairfield, OH Retail Opportunity

      25,318 SF building on 5.36 acres in Fairfield, OH.
      7255-7275 Dixie Hwy, Fairfield, OH 45014
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      15,050 SF

      Free Standing Retail/Office Building

      Vacant 15,050 SF building suitable for retail or office.
      5250 Dixie Hwy, Fairfield, OH 45014
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      7,200 SF

      Fairfield Freestanding Building For Sale

      Freestanding building in Fairfield near I-75 and I-275.
      130 Donald Dr, Fairfield, OH 45014
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    Similar Nearby for Lease

    • $28 SF/Yr
      12,000 SF

      Retail Center Pre-Leasing Opportunity

      Planned retail center with outlot opportunities in high-traffic location.
      6305-6329 Dixie Hwy, Fairfield, OH 45014
      View Details
    • Contact for pricing
      29,640 SF

      Retail Space with High Traffic

      Anchor and in-line retail spaces available in Fairfield, OH.
      4605-4627 Dixie Hwy, Fairfield, OH 45014
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    • Contact for pricing
      1,500 SF

      Retail Space on S Gilmore

      2,300 SF retail space with high visibility available for rent.
      500 Kolb Dr, Fairfield, OH 45014
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    • Contact for pricing
      9,100 SF

      Retail Space in Fairfield, OH

      9,100 SF retail space available for lease.
      45014 Usa, Fairfield, OH 45014
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    • $14 SF/Yr
      3,024 SF

      Fairfield Retail Space Available

      Retail space for rent in Fairfield, Ohio.
      6516 Dixie Hwy, Fairfield, OH 45014
      View Details
    • $12 SF/Yr
      2,148 SF

      Retail Spaces in Professional Center

      Two retail spaces available in a well-developed area.
      640 Wessel Dr, Fairfield, OH 45014
      View Details
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    Fairfield, OH 45014
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    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
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