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    10 Commerce Pkwy West Jefferson, OH 43162-9419
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    Property profile & analytics

    10 Commerce Pkwy, West Jefferson, OH 43162-9419

    View on Map
    • Truck terminals
    • 146,770 SF
    • 70.05 lot acres
    Off-Market
    Property ID
    US66-2600758
    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.
    Value Estimations
    $730,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • FedEx Freight / Shipping Company / Freight Service

    Property Details for 10 Commerce Pkwy

    Year built
    2008
    Lot size
    70.05 lot acres
    Property type
    Truck terminals
    APN
    10-02020.007
    APU
    1002020007

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 9, 2019 $30,300,000 Sealy Commerce Parkway LLC West Jefferson Essen Griffin Trustees Deed $1,200M · Keybank USA
    Oct 9, 2019 — Sealy Commerce Parkway LLC Another Attic At Soncy Ltd Grant Deed —
    Jul 28, 2015 $28,000,000 Griffin Essential Asset Reit I Wjfx Holdings LLC Grant Deed —
    Apr 5, 2012 — Wjfx Holdings LLC — Deed Of Trust · related $1.8M · Fifth Third Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $730,000

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

    Location Insight

    • Map
    • Local Demand
    City
    West Jefferson
    County
    Madison
    State
    Ohio
    Longitude
    -83.3432
    Latitude
    39.9561
    CBSA code
    18140
    CBSA name
    COLUMBUS, OH METROPOLITAN 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
    $99,469
    $1,721,130
    $4,971,400
    $6,692,530
    -
    $4,917,510
    $14,203,990
    $19,121,500

    Comparable in this City

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    • Value Estimation by Request
      6,480 SF

      4435 State Rte 29

      TRUCK TERMINAL (MOTOR FREIGHT)
      4435 State Rte 29, West Jefferson, OH 43162-9544
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    • Value Estimation by Request
      55.00 Acres

      I-70- & Us-42

      Retail properties & Spaces
      0 I-70- & Us-42, West Jefferson, OH 43162
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    • Value Estimation by Request
      10,705 SF

      7155 State Rte 142nd SE

      ASSEMBLY (LIGHT INDUSTRIAL)
      7155 State Rte 142nd SE, West Jefferson, OH 43162-9665
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    • Value Estimation by Request
      0.25 Acres

      Nn Ctr St

      ASSEMBLY (LIGHT INDUSTRIAL)
      Nn Ctr St, West Jefferson, OH 43162
      View Details
    • Value Estimation
      $5,710,000
      66,296 SF

      6670 State Rte 29

      HEAVY INDUSTRIAL
      6670 State Rte 29, West Jefferson, OH 43162-8700
      View Details

    Similar Nearby for Sale

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      Prime Industrial Land: West Jefferson, OH

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      Vacant Land East of Jefferson

      Approximately 2.1 acres of vacant land for sale.
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      West Jefferson Commercial Land Available

      Commercial and industrial land with tax abatement and utilities.
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      Land Parcel with Road Access

      Land suitable for industrial or commercial use with utilities.
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    Similar Nearby for Lease

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      343,500 SF

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      Industrial and logistics space available for lease in West Jefferson.
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      669,760 SF

      Industrial Space Available For Lease

      Industrial space available for lease at Park 70 East.
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      734,160 SF

      Industrial Space Available for Lease

      Industrial space available for lease at Park 70 East.
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      845,280 SF

      West Jefferson Class A Warehouse

      Class A warehouse in West Jefferson, OH, built in 2020.
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      1,062,000 SF

      Industrial Warehouse Space Available

      Class A warehouse space for lease in West Jefferson, OH.
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      137,041 SF

      C5 Gateway Logistics Center

      747,520 SF distribution center near Interstate 70.
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    West Jefferson, OH 43162-9419
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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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