Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1450 Main St Wilmington, OH 45177-1030
    Property profile & analytics

    1450 Main St Wilmington, OH 45177-1030

    View on Map
    • Retail space
    • 33,750 SF
    • 2.07 lot acres
    Off-Market
    Last Sale Feb 13, 2024
    Property ID
    US66-4039921
    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
    $960,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Clinton Electrical & Plumbing Supply / Building Supply / Industrial Manufacturer

    Property Details for 1450 Main St

    Year built
    1989
    Lot size
    2.07 lot acres
    Property size
    33,750 SF
    Property type
    Retail space
    APN
    290-25-09-01-0000-00
    APU
    290250901000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $620,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $964,000
      Market price range: $965k - $4.06M
      AI Estimate
      $1,303,000
      Market price range: $1.30M - $5.07M

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    Clinton
    State
    Ohio
    Longitude
    -83.854
    Latitude
    39.4447
    CBSA code
    48940
    CBSA name
    WILMINGTON, 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
    $4,117
    $47,290
    $51,450
    $98,740
    -
    $135,100
    $147,000
    $282,100

    Comparable in this City

    • Value Estimation by Request
      0.08 Acres

      Lincoln St

      RETAIL STORES (PERSONAL SERVICES) • 0.08 Acres
      Lincoln St, Wilmington, OH 45177
      View Details
    • Value Estimation by Request
      0.92 Acres

      Progress Way

      RETAIL STORES (PERSONAL SERVICES) • 0.92 Acres
      Progress Way, Wilmington, OH 45177
      View Details
    • Value Estimation by Request
      0.92 Acres

      Progress Way

      RETAIL STORES (PERSONAL SERVICES) • 0.92 Acres
      Progress Way, Wilmington, OH 45177
      View Details
    • Value Estimation by Request
      5,124 SF

      177 State Rte 350

      RETAIL STORES (PERSONAL SERVICES) • 5,124 SF
      177 State Rte 350, Cuba, OH 45177-7758
      View Details
    • Value Estimation by Request
      1,634 SF

      63 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,634 SF
      63 Main St, Wilmington, OH 45177-2236
      View Details
    • Value Estimation by Request
      3,269 SF

      495 Locust St

      RETAIL STORES (PERSONAL SERVICES) • 3,269 SF
      495 Locust St, Wilmington, OH 45177-2308
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,551 SF

      Retail Property on Progress Way

      Retail property with high visibility and signage opportunities.
      2751 Progress Way, Wilmington, OH 45177
      View Details
    • Contact for pricing
      5,492 SF

      Former Restaurant Building on Rombach

      5,492 SF building on 1.80 acres for lease.
      1341 Rombach Ave, Wilmington, OH 45177
      View Details
    • Contact for pricing

      Former Restaurant on High-Traffic Corner

      Freestanding 3,033 SF restaurant with drive-thru on 1.2 acres.
      50 Roberts Rd, Wilmington, OH 45177
      View Details
    • Contact for pricing

      Former Restaurant with Drive-Thru

      3,033 SF restaurant with drive-thru on 1.2 acres.
      50 Roberts Rd, Wilmington, OH 45177
      View Details
    • $7,296,600
      81.53 Acres

      Prime Commercial Land Opportunity

      81.526 acres of commercial land near Amazon and Kettering.
      75 Lynne Ln, Wilmington, OH 45177
      View Details
    • $6,716,000
      75.04 Acres

      Prime Commercial Land Available

      75.04 acres of commercial land near Amazon and Kettering.
      82 Lynne Ln, Wilmington, OH 45177
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      13,136 SF

      Retail Building in Wilmington, OH

      13,136 SF retail building on 1.7 acres for lease.
      7589 W State Route 73, Wilmington, OH 45177
      View Details
    • $12 SF/Yr
      1,600 SF

      Retail Space in Wilmington, OH

      Retail property available for rent in Wilmington, Ohio.
      935-1025 S South St S, Wilmington, OH 45177
      View Details
    • Contact for pricing
      4,600 SF

      Renovated Retail Space For Lease

      Retail space available in recently renovated Wilmington shopping center.
      1627-1683 Rombach Ave, Wilmington, OH 45177
      View Details
    • Contact for pricing

      Wilmington Plaza Retail Space Available

      Community center with retail space for lease in Wilmington, OH.
      1244 Rombach Ave, Wilmington, OH 45177
      View Details
    • Contact for pricing

      Retail Space in Wilmington Square

      Retail space available in established shopping center.
      2855 Progress Way, Wilmington, OH 45177
      View Details
    • Contact for pricing
      1,900 SF

      Community Center Retail Space

      Retail space available in Wilmington Plaza community center.
      1334-1384 Rombach Ave, Wilmington, OH 45177
      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.
    1450 Main St
    Wilmington, OH 45177-1030
    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
    1450 Main St, Wilmington, OH, 45177
    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!