Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12478 Us Hwy 35th NW Jeffersonville, OH 43128-9775

    • Drive through restaurants
    • 5,970 SF
    • 1.01 lot acres
    OFF-MARKET
    Value Estimations
    $535,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-4978715
    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

    • Drive through restaurants

    Property Details for 12478 Us Hwy 35th NW

    Year built
    1966
    Lot size
    1.01 lot acres
    Property size
    5,970 SF
    Property type
    Drive through restaurants
    APN
    060-015-0-00-031-00
    APU
    6001500003100

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $715,000
      Current use
      OFFICE BUILDING
      $760,000
      Change: +6% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $630,000
      Change: -12% Conversion: Easy
      RETAIL STORES
      $580,000
      Change: -19% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Jeffersonville
    County
    Fayette
    State
    Ohio
    Longitude
    -83.604
    Latitude
    39.6182
    CBSA code
    47920
    CBSA name
    WASHINGTON COURT HOUSE, 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
    $16,661
    $61,640
    $230,900
    $292,540
    -
    $176,100
    $659,700
    $835,800

    Comparable in this City

    • Value Estimation
      $1,145,000
      3,369 SF

      311 State St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,369 SF
      311 State St, Jeffersonville, OH 43128-1084
      View Details
    • Value Estimation by Request
      1.09 Acres

      Old Us Hwy 35th NW

      DRIVE-THRU RESTAURANT, FAST FOOD • 1.09 Acres
      Old Us Hwy 35th NW, Jeffersonville, OH 43128
      View Details
    • Value Estimation
      $695,000
      6,142 SF

      12518 Us Hwy 35th NW

      DRIVE-THRU RESTAURANT, FAST FOOD • 6,142 SF
      12518 Us Hwy 35th NW, Jeffersonville, OH 43128-9508
      View Details
    • Value Estimation by Request
      672 SF

      49 State St, Unit 4

      DRIVE-THRU RESTAURANT, FAST FOOD • 672 SF
      49 State St, Jeffersonville, OH 43128-1054
      View Details
    • Value Estimation
      $1,120,000
      3,433 SF

      10060 Carr Rd, Unit 2

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,433 SF
      10060 Carr Rd, Jeffersonville, OH 43128-9700
      View Details
    • Value Estimation by Request
      1.43 Acres

      Old Us Hwy 35th NW

      DRIVE-THRU RESTAURANT, FAST FOOD • 1.43 Acres
      Old Us Hwy 35th NW, Jeffersonville, OH 43128
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      336,242 SF

      Retail and Flex Units Available

      73,300 SF for lease in 43-acre business park.
      1100 Mcarthur Rd, Jeffersonville, OH 43128
      View Details
    • $200,000
      2.06 Acres

      Jeffersonville Commercial Land - $200K

      Prime Ohio retail land, high traffic, development ready.
      35 & I-71 Us Rte, Jeffersonville, OH 43128
      View Details
    • $285,000
      1 SF

      Prime Commercial Land Opportunity

      Land near I-71 interchange and upcoming LG/Honda EV battery plant.
      Old Us 35, Jeffersonville, OH 43128
      View Details
    • $39,900
      0.81 Acres

      Land in Jeffersonville, Ohio

      Land available for sale in Jeffersonville, Ohio.
      St Rt 729, Jeffersonville, OH 43128
      View Details
    • $9,800,000

      Prime Ohio Farm - 185 Acres

      Agricultural Land, High Development Potential
      0 State Rte 41, Pleasant View, OH 43128
      View Details
    • Contact for pricing
      29,317 SF

      Versatile Flex, Industrial, Office Hub

      Mixed-use space near major developments with incentives available.
      8000 Factory Shops Blvd, Jeffersonville, OH 43128
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      336,242 SF

      Jeffersonville Business Park Opportunity

      14 Suites, 336,242 SF Flex/Industrial
      1100 Mcarthur Rd, Jeffersonville, OH 43128
      View Details
    • Contact for pricing
      87,120 SF

      Destination Outlets Development Land

      2-Acre Commercial Land, Prime Location
      8000 Factory Shops Blvd, Pleasant View, OH 43128
      View Details
    • Contact for pricing
      53 SF

      Jeffersonville Industrial Land Opportunity

      Prime industrial land with freeway access near Columbus and Cincinnati.
      State Route 41, Jeffersonville, OH 43128
      View Details
    • Contact for pricing
      1,026,000 SF

      Jeffersonville Industrial Land

      54 Acres, I-71 Access, Ohio
      0 State Rte 41, Pleasant View, OH 43128
      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.
    12478 Us Hwy 35th NW
    Jeffersonville, OH 43128-9775
    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

    Google sign-in failed. Please try again or use another login method.