Property profile

120 Senate Dr Monroe, OH 45050

OFF-MARKET
Warehouses
Property ID
US66-2617192
10,842 SF 2.27 ac lot Built 1996
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 0.79-acre commercial land parcel, located at 120 Senate Dr, Monroe, OH 45050 (APN 1105128008), presents a unique investment opportunity. Zoned for 410 (motels & tourist cabins), this build-to-suite site boasts a prime location between a Tru by Hilton and a Holiday Inn Express, ensuring high visibility and accessibility. The property's strategic position is further enhanced by its proximity to Chipotle and other major national retailers, capitalizing on existing commercial activity and foot traffic. Furthermore, its location on the same road as the Cincinnati Premium Outlets (attracting 2.6 million visitors annually) guarantees significant exposure to a large consumer base. This presents a compelling opportunity for developers seeking to capitalize on the thriving commercial landscape of Monroe, Ohio, within Warren County. The asking price for this exceptional property is $600,000. Don't miss this chance to acquire a highly desirable commercial lot with significant development potential.

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1996
Construction TYPE NOT SPECIFIED
Total area 10,842 SF
Lot 2.27 ac (98,968 SF)
APN 11-05-128-004-0
UPID US66-2617192

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

120 Senate Dr Monroe, OH 45050-1713
Monroe metro Census 31602 CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$470k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$470k

Owner & transaction history

since 2023
7 recorded transactions
2023
Price N/A
2019
$1.8M
2011
Price N/A
2004
$2.5M
2004
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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