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    Property profile & analytics

    662 Main St Blanchester, OH 45107

    • Retail space
    • 8,000 SF
    • 0.66 lot acres
    For Lease
    View listing
    Last Sale
    Apr 29, 2022
    $422,700
    Value Estimations
    $420,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-3038504
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Western Union / Money Order Service / Money Transfer Service
    • Twin Peaks / Sports Bar

    Property Details for 662 Main St

    Year built
    2002
    Lot size
    0.66 lot acres
    Property size
    8,000 SF
    Property type
    Retail space
    APN
    220-06-06-04-0000-00
    APU
    220060604000000

    Description

    This 8,000 square foot freestanding retail building is located at 662 W Main St, Blanchester, Ohio, 45107. The property is situated in Clinton County and offers a single-tenant occupancy opportunity. Ideal for a variety of retail uses, this building presents a significant opportunity for investors or owner-operators seeking a presence in the Blanchester market. The building's size and prominent location on West Main Street provide excellent visibility and accessibility for customers. The property's single-tenant configuration simplifies management and reduces operational complexities. This presents a straightforward investment with potential for strong rental income or owner-occupied business operations. The building's condition and any necessary renovations or upgrades would need to be assessed independently by prospective buyers. Further due diligence is recommended to fully understand the property's potential and suitability for intended use. Detailed property information and financial records are available upon request. This is a prime opportunity to acquire a well-located retail space in a growing community. The property's location offers convenient access to local amenities and transportation routes. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $375,000
      ML approach
      $395,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $566,000
      Market price range: $229k - $800k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $540,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $550,000
      Change: +2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Blanchester
    County
    Clinton
    State
    Ohio
    Longitude
    -84.0005
    Latitude
    39.2897
    CBSA code
    48940
    CBSA name
    WILMINGTON, OH MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,270
    $40,110
    $107,310
    $147,420
    -
    $114,600
    $306,600
    $421,200

    Comparable in this City

    • Value Estimation
      $250,000
      880 SF

      664 Main St

      RETAIL STORES (PERSONAL SERVICES) • 880 SF
      664 Main St, Blanchester, OH 45107-9401
      View Details
    • Value Estimation
      $260,000
      851 SF

      118 Main St

      RETAIL STORES (PERSONAL SERVICES) • 851 SF
      118 Main St, Blanchester, OH 45107-1256
      View Details
    • Value Estimation
      $65,000
      2,294 SF

      513 Broadway St

      RETAIL STORES (PERSONAL SERVICES) • 2,294 SF
      513 Broadway St, Blanchester, OH 45107-1413
      View Details
    • Value Estimation
      $395,000
      8,497 SF

      516 Cherry St

      RETAIL STORES (PERSONAL SERVICES) • 8,497 SF
      516 Cherry St, Blanchester, OH 45107-1221
      View Details
    • Value Estimation
      $235,000
      2,430 SF

      7529 Fairground Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,430 SF
      7529 Fairground Rd, Blanchester, OH 45107-1547
      View Details
    • Value Estimation
      $295,000
      1,170 SF

      126 Broadway St

      RETAIL STORES (PERSONAL SERVICES) • 1,170 SF
      126 Broadway St, Blanchester, OH 45107-1281
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Blanchester Commercial Space For Sale

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      101 E Main St, Blanchester, OH 45107
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      Renovated Retail Building For Sale

      Historic Blanchester retail building with conversion potential.
      168 S Broadway St, Blanchester, OH 45107
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      Downtown Blanchester Multi-Building Commercial Property

      Multi-building commercial property in downtown Blanchester with high visibility.
      105 Bourbon St, Blanchester, OH 45107
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    • New
      $400,000
      1,204 SF

      Commercial Building on State Route 28

      Highly visible retail/office building on 1.46-acre lot in Blanchester.
      10984 St Rt 28, Blanchester, OH 45107
      View Details
    • $400,000
      3,973 SF

      Turnkey Mixed-Use Investment Opportunity

      Restaurant plus two apartments with month-to-month leases.
      136 S Broadway St, Blanchester, OH 45107
      View Details
    • $450,000
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      Commercial Lot with Garage

      Commercial lots with parking and a five-bay garage.
      216 Broadway St, Blanchester, OH 45107
      View Details
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    662 Main St
    Blanchester, OH 45107
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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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