Add Listing
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

    1665 Alex Dr Wilmington, OH 45177-2446

    • Medical Office Space
    • 3,516 SF
    • 1.55 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-3529611
    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

    • Wilmington Oral Surgery / Dental Office
    • Scott Puckett / Dental Office

    Property Details for 1665 Alex Dr

    Year built
    2007
    Lot size
    1.55 lot acres
    Property size
    3,516 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    290-17-01-18-B002-00
    APU
    290170118B00200

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    Clinton
    State
    Ohio
    Longitude
    -83.8035
    Latitude
    39.4528
    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
    $6,526
    $63,770
    $92,750
    $156,520
    -
    $182,200
    $265,000
    $447,200

    Comparable in this City

    • Value Estimation by Request
      0.20 Acres

      Locust St

      MEDICAL CLINIC • 0.20 Acres
      Locust St, Wilmington, OH 45177
      View Details
    • Value Estimation by Request
      9,970 SF

      1184 Locust St

      MEDICAL CLINIC • 9,970 SF
      1184 Locust St, Wilmington, OH 45177-2009
      View Details
    • Value Estimation by Request
      2,176 SF

      721 Main St

      MEDICAL CLINIC • 2,176 SF
      721 Main St, Wilmington, OH 45177-2126
      View Details
    • Value Estimation by Request
      1,344 SF

      212 Ss St

      MEDICAL CLINIC • 1,344 SF
      212 Ss St, Wilmington, OH 45177-2218
      View Details
    • Value Estimation by Request
      1,620 SF

      815 Ss St

      MEDICAL CLINIC • 1,620 SF
      815 Ss St, Wilmington, OH 45177-2755
      View Details
    • Value Estimation by Request
      8,800 SF

      2241 Rombach Ave

      MEDICAL CLINIC • 8,800 SF
      2241 Rombach Ave, Wilmington, OH 45177-1995
      View Details

    Similar Nearby for Sale

    • $995,000
      9,636 SF

      Charming Office Building with Modern Addition

      Spacious office building with historic charm and modern amenities.
      825 W Locust St, Wilmington, OH 45177
      View Details
    • Contact for pricing
      1,744,320 SF

      Wilmington Air Park Business Park

      Integrated aviation and logistics business park with industrial and office space.
      3512 Progress Way, 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
    • $500,000
      20.00 Acres

      20 Acres of Farmland

      20 acres of land, suitable for farming or building.
      Mccoy Rd, Wilmington, OH 45177
      View Details
    • $7,504,000
      75.04 Acres

      Prime Auto Repair Shop Opportunity

      Worcester County Retail Space - 2,000 SF
      82 Lynne Ln, Wilmington, OH 45177
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,630,000 SF

      Airport Road Commercial Campus

      Wilmington, OH: Premier Office & Warehouse Space
      1113 Airport Rd, Wilmington, OH 45177
      View Details
    • Contact for pricing
      104,000 SF

      Wilmington Executive Office Space

      Modern Office, 5,405 SF Available
      1113 Airport Rd, Wilmington, OH 45177
      View Details
    • Contact for pricing
      7,492 SF

      High-Visibility Commercial Space Available

      Strategically located commercial space with high traffic and visibility.
      2251 Rombach Ave, Wilmington, OH 45177
      View Details
    • Contact for pricing

      Wilmington Airport Land - 265 Acres

      Prime Ohio Airport Land: Lease Opportunity.
      1113 Airport Rd, Wilmington, OH 45177
      View Details
    • $18 SF/Yr
      10,700 SF

      Wilmington Square II Retail Center

      Prime Retail Space Available in Clinton County
      2855 Progress Way, Wilmington, OH 45177
      View Details
    • Contact for pricing
      299,000 SF

      Expandable Industrial Facility in Wilmington

      Rear-load facility divisible to 50,000 SF with expansion potential.
      Airborne Rd, 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.
    1665 Alex Dr
    Wilmington, OH 45177-2446
    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.
    Sign Up Successful!
    You now have access to more from Realmo!