Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1881 Deerfield Rd Lebanon, OH 45036-8602
    Back to Search
    Property profile & analytics

    1881 Deerfield Rd, Lebanon, OH 45036-8602

    View on Map
    • Commercial land
    • 1.81 lot acres
    Off-Market
    Last Sale Jul 23, 2020
    $200,000
    Property ID
    US66-4054312
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 1881 Deerfield Rd

    Lot size
    1.81 lot acres
    Property type
    Commercial land
    APN
    12-04-490-017-0
    APU
    12044900170

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 23, 2020 $200,000 Ba Real Estate Holdings LLC Scc Countryside LLC Grant Deed —
    May 5, 2020 — Scc Countryside LLC Ddr Downreit LLC Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Warren
    State
    Ohio
    Longitude
    -84.2095
    Latitude
    39.4054
    CBSA code
    17140
    CBSA name
    CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN 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
    $6,100
    $110,093
    $0.00
    $110,093
    -
    $314,550
    $0.00
    $314,550

    Comparable in this City

    • Value Estimation by Request
      0.02 Acres

      Sycamore St

      VACANT COMMERCIAL LAND
      Sycamore St, Lebanon, OH 45036
      View Details
    • Value Estimation by Request
      6.63 Acres

      Rte 42

      VACANT COMMERCIAL LAND
      Rte 42, Lebanon, OH 45036
      View Details
    • Value Estimation by Request
      0.43 Acres

      Rte 122

      VACANT COMMERCIAL LAND
      Rte 122, Lebanon, OH 45036
      View Details
    • Value Estimation by Request
      3.03 Acres

      Rte 63

      VACANT COMMERCIAL LAND
      Rte 63, Lebanon, OH 45036
      View Details
    • Value Estimation by Request
      0.30 Acres

      555 Broadway St

      VACANT COMMERCIAL LAND
      555 Broadway St, Lebanon, OH 45036-1736
      View Details
    • Value Estimation by Request
      2.47 Acres

      Hart Rd

      VACANT COMMERCIAL LAND
      Hart Rd, Lebanon, OH 45036
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      3 Acre Commercial Land Parcel

      Commercial land parcel suitable for business with B-1 & B-2 zoning.
      W State Route, Lebanon, OH 45036
      View Details
    • Contact for pricing

      Commercial Land Near Busy Intersection

      Land with high visibility near major retailers and thoroughfares.
      1515 Genntown Dr, Lebanon, OH 45036
      View Details
    • Contact for pricing

      Land Ready for Development

      Land suitable for R&D, high-tech manufacturing, or retail.
      3102 I-71 & Sr 48, South Lebanon, OH 45036
      View Details
    • Contact for pricing

      High-Traffic Intersection Land Opportunity

      Land at high-traffic intersection with multiple access points.
      1511 Drake Rd, Lebanon, OH 45036
      View Details
    • Contact for pricing

      Clearcreek Township Interchange Land

      Commercial land at interchange of three state routes.
      2453 Rte 122 W, Lebanon, OH 45036
      View Details

    Similar Nearby for Lease

    • $495,000
      500,940 SF

      Prime Land Available For Lease

      11.5 acres of commercial land for lease in Lebanon, OH.
      741 And 63, Lebanon, OH 45036
      View Details
    • Contact for pricing

      Encore Logistics Center Location

      Strategically located logistics campus between Cincinnati and Dayton.
      760 Encore Dr, Lebanon, OH 45036
      View Details
    • Contact for pricing
      25,920 SF

      Lebanon Warehouse Space For Lease

      Warehouse space available for lease featuring 20 ft ceilings.
      1087 Mane Way, Lebanon, OH 45036
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      25,198 square feet of retail space available for lease.
      1235 Columbus Ave, Lebanon, OH 45036
      View Details
    • Contact for pricing
      25,699 SF

      Industrial Space in Thriving District

      25,699 SF industrial space in Lebanon, OH for lease.
      1425 Kingsview Dr, Lebanon, OH 45036
      View Details
    • Contact for pricing
      2,260 SF

      Retail Space Near Walmart

      2,260 SF retail space in front of Walmart.
      1525 Genntown Dr, Lebanon, OH 45036
      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.
    1881 Deerfield Rd
    Lebanon, OH 45036-8602
    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
    1881 Deerfield Rd, Lebanon, OH, 45036
    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!