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    100 Commerce Dr Loveland, OH 45140
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    Property profile & analytics

    100 Commerce Dr, Loveland, OH 45140

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    • Manufacturing properties
    • 44,864 SF
    • 2.38 lot acres
    For Lease
    $2,900,000
    View Listing →
    Warehouse Space in Commerce Park For Lease
    $2,900,000
    19,100 SF

    Warehouse Space in Commerce Park

    Warehouse space with easy access to I-71 and I-275.

    100 Commerce Drive, Loveland, OH 45140
    View Listing
    Property ID
    US66-2022992
    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
    $2,900,000
    Cap Rate Potential
    6.6%
    Manufacturing properties
    Location Intelligence

    Current Use by Public Records

    • Ziehler Lawn Care - Loveland Service Center / Landscaping
    • Ziehler Lawn Care / Landscaping
    • Electric Vehicle Charging Station / Electric Vehicle Charging Station

    Property Details for 100 Commerce Dr

    Year built
    1988
    Lot size
    2.38 lot acres
    Property type
    Manufacturing properties
    APN
    621-0017-0003-00
    APU
    6210017000300

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 29, 2022 $2,750,000 Ziehler Properties LLC Workhorse Properties INC Limited Warranty Deed $2.6M · Wesbanco Bank INC
    Dec 21, 2020 — Workhorse Properties INC — Deed · related $200M · Us Bank NA
    Sep 4, 2019 — Workhorse Properties INC — Deed · related $35k · Wilmington Trust NA
    Oct 23, 2018 — Workhorse Properties INC — Grant Deed · related $7.8M · Arosa Opportunistic Fund LP
    Nov 9, 2016 $2,500,000 Workhorse Properties INC 100 Commerce Blvd LLC Warranty Deed $350k · Denny Smith
    May 1, 2006 — 100 Commerce Blvd LLC Sally A Schmitt Warranty Deed $1.6M · Thrivent Financial For Lutherans

    Description

    This exceptional 19,470-square-foot commercial property, located at 100 Commerce Dr, Loveland, Ohio 45140, presents a unique opportunity for a single tenant. The building, constructed in 1988, seamlessly blends office and warehouse space, ideal for a variety of businesses. The property boasts a generous 40 parking spaces, ensuring ample convenience for employees and clients. The interior is currently vacant, offering a blank canvas for customization to meet specific operational needs. The zoning designation is City of Loveland – Light Industrial, allowing for a range of permitted uses. The building's electrical service is robust, featuring 120/208-volt, 3-phase, 150-amp power. Situated in Hamilton County, this property benefits from excellent access to major transportation routes, making it a strategic location for businesses seeking efficient logistics and convenient commuting for their workforce. The property's size and versatile layout make it suitable for companies requiring both office and warehouse functionality under one roof. This is a rare opportunity to secure a substantial, single-tenant property in a desirable location. The property is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,960,000
      ML approach
      $3,050,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,250,000
      6.5%
      $3,000,000
      7%
      $2,790,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,536,000
      Market price range: $955k - $3.54M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $3,110,000
      Current use
      OFFICE BUILDING
      $4,795,000
      Change: +54% Conversion: Difficult
      RETAIL STORES
      $4,355,000
      Change: +40% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $3,920,000
      Change: +26% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Loveland
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.3018
    Latitude
    39.284
    CBSA code
    17140
    CBSA name
    CINCINNATI-MIDDLETOWN, OH-KY-IN 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
    $72,360
    $60,182
    $902,317
    $962,499
    -
    $171,950
    $2,578,050
    $2,750,000

    Comparable in this City

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    • Value Estimation
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      MANUFACTURING (LIGHT)
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      MANUFACTURING (LIGHT)
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    • Value Estimation by Request
      5.11 Acres

      6292 Tri Rdg Blvd

      MANUFACTURING (LIGHT)
      6292 Tri Rdg Blvd, Loveland, OH 45140-8317
      View Details
    • Value Estimation
      $3,205,000
      16,000 SF

      155 Commerce Dr

      MANUFACTURING (LIGHT)
      155 Commerce Dr, Loveland, OH 45140-7727
      View Details

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    Similar Nearby for Lease

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      19,100 SF

      Warehouse Space in Commerce Park

      Warehouse space with easy access to I-71 and I-275.
      100 Commerce Dr, Loveland, OH 45140
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      Loveland Industrial Spaces Available

      Industrial spaces available for rent in Loveland, Ohio.
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      Loveland Warehouse Space Available

      Warehouse space for lease in Loveland, Ohio.
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      Flex space in Symmes Township, close to I-275.
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      12,500 SF

      Loveland Flex Space Available

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    Loveland, OH 45140
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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.

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