Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    111 Hirt Dr Bellevue, OH 44811-9054
    Back to Search
    Property profile & analytics

    111 Hirt Dr, Bellevue, OH 44811-9054

    View on Map
    • Warehouses
    • 81,000 SF
    • 5.56 lot acres
    Off-Market
    Last Sale Jan 21, 2026
    Property ID
    US66-2969782
    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
    $2,985,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Ventra Bellevue / Production Facility

    Property Details for 111 Hirt Dr

    Year built
    1997
    Lot size
    5.56 lot acres
    Property type
    Warehouses
    APN
    03-50-00-2235-00
    APU
    35000223500

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 21, 2026 — Armeton Us Co Ford Motor Company Deed —
    Dec 4, 2025 $3,300,000 Armeton Us Co Ford Motor Company Quitclaim Deed · related $2.6M · The Huntington National Bank
    Mar 20, 2024 — Ventra Sandusky LLC Ford Motor Company Deed —
    May 10, 2013 — Ford Motor Company Automotive Components Holdings LLC Quit Claim Deed · related —
    Oct 4, 2005 — Automotive Components Holdings LLC Visteon Corp Transfer On Death Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,762,000
      Market price range: $1.71M - $3.53M
      AI Estimate
      $2,166,000
      Market price range: $787k - $3.30M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,705,000
      Current use
      COMMERCIAL (GENERAL)
      $4,320,000
      Change: +60% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $4,100,000
      Change: +52% Conversion: Easy
      RETAIL STORES
      $4,050,000
      Change: +50% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Bellevue
    County
    Sandusky
    State
    Ohio
    Longitude
    -82.8764
    Latitude
    41.2818
    CBSA code
    23380
    CBSA name
    FREMONT, 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
    $37,992
    $68,110
    $584,120
    $652,230
    -
    $194,600
    $1,668,900
    $1,863,500

    Comparable in this City

    • Value Estimation
      $2,800,000
      195,000 SF

      635 State Rte 269

      MINI-WAREHOUSE, STORAGE
      635 State Rte 269, Bellevue, OH 44811
      View Details
    • Value Estimation
      $1,205,000
      181,086 SF

      400 Buckeye St

      WAREHOUSE, STORAGE
      400 Buckeye St, Bellevue, OH 44811-1210
      View Details
    • Value Estimation by Request
      13,861 SF

      6308 County Rd 205

      WAREHOUSE, STORAGE
      6308 County Rd 205, Bellevue, OH 44811-9451
      View Details
    • Value Estimation by Request
      3,000 SF

      7052 County Rd 191

      MINI-WAREHOUSE, STORAGE
      7052 County Rd 191, Bellevue, OH 44811-8701
      View Details
    • Value Estimation
      $955,000
      72,900 SF

      102 Hirt Dr

      WAREHOUSE, STORAGE
      102 Hirt Dr, Bellevue, OH 44811-9053
      View Details
    • Value Estimation by Request
      6,030 SF

      562 County Rd 314

      MINI-WAREHOUSE, STORAGE
      562 County Rd 314, Bellevue, OH 44811-9414
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      16,800 SF

      Flex Industrial Space on 2.5 Acres

      16,800 SF flex industrial space on State Route 20.
      1275 W Main St, Bellevue, OH 44811
      View Details
    • $405,000
      4,510 SF

      Bellevue Medical Office Investment

      Medical office building with high visibility and long-term lease.
      5433 State Route 113, Bellevue, OH 44811
      View Details
    • $150,000
      3,848 SF

      Bellevue Commercial Property - Huge Potential

      1.99 Acres, 3848 sq ft, Investment Opportunity
      9304 Sr 269, Bellevue, OH 44811
      View Details
    • Contact for pricing

      Corner Parcel on Progress Drive

      1.34 Acre corner parcel suitable for retail development.
      103 Progress Dr, Bellevue, OH 44811
      View Details
    • $699,000
      7,848 SF

      Bellevue Commercial Building For Sale

      Well-maintained commercial building in Bellevue, suitable for various uses.
      6339 Ohio 113, Bellevue, OH 44811
      View Details
    • $129,900
      5.01 Acres

      Bellevue, OH Agricultural Vacant Land

      5-acre agricultural land in a peaceful rural location.
      4 - A State Rte, Bellevue, OH 44811
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Bellevue, OH

      22,515 SF building with suites available for lease.
      250 Castalia St, Bellevue, OH 44811
      View Details
    • Contact for pricing
      6,057 SF

      Retail Space on Main Street

      Retail space available with high visibility on corner lot.
      792 Sr 20, Bellevue, OH 44811
      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.
    111 Hirt Dr
    Bellevue, OH 44811-9054
    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
    111 Hirt Dr, Bellevue, OH, 44811
    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!