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

    2974 Old State Rte 32 Batavia, OH 45103-3310

    • Warehouses
    • 11,738 SF
    • 2.37 lot acres
    OFF-MARKET
    Last Sale
    Jun 10, 2024
    Value Estimations
    $440,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1387800
    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

    • Met-Fab Fabricating Co / Welder

    Property Details for 2974 Old State Rte 32

    Year built
    1970
    Construction
    CONCRETE BLOCKS
    Lot size
    2.37 lot acres
    Property size
    11,738 SF
    Property type
    Warehouses
    APN
    52-35-08D-108
    APU
    523508D108

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $410,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $473,000
      Market price range: $426k - $1.32M
      AI Estimate
      $397,000
      Market price range: $397k - $1.01M

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

    Location Insight

    • Map
    • Local Demand
    City
    Batavia
    County
    Clermont
    State
    Ohio
    Longitude
    -84.09
    Latitude
    39.0532
    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
    $4,810
    $19,360
    $63,530
    $82,890
    -
    $55,300
    $181,500
    $236,800

    Comparable in this City

    • Value Estimation
      $305,000
      800 SF

      State Rte 32

      WAREHOUSE, STORAGE • 800 SF
      State Rte 32, Batavia, OH 45103
      View Details
    • Value Estimation
      $265,000
      6,750 SF

      2300 Us Hwy 50

      MINI-WAREHOUSE, STORAGE • 6,750 SF
      2300 Us Hwy 50, Batavia, OH 45103-8609
      View Details
    • Value Estimation
      $390,000
      7,288 SF

      4987 State Rte 222

      WAREHOUSE, STORAGE • 7,288 SF
      4987 State Rte 222, Batavia, OH 45103-9782
      View Details
    • Value Estimation
      $335,000
      4,125 SF

      1217 Clough Pike

      WAREHOUSE, STORAGE • 4,125 SF
      1217 Clough Pike, Batavia, OH 45103-2501
      View Details
    • Value Estimation
      $275,000
      6,500 SF

      4205 Cover Ln

      MINI-WAREHOUSE, STORAGE • 6,500 SF
      4205 Cover Ln, Batavia, OH 45103-3275
      View Details
    • Value Estimation
      $1,215,000
      98,160 SF

      4220 Curliss Ln

      WAREHOUSE, STORAGE • 98,160 SF
      4220 Curliss Ln, Batavia, OH 45103-3276
      View Details

    Similar Nearby for Sale

    • $17,250,000
      253,566 SF

      Batavia Industrial Property with Rail Access

      253,566 SF industrial property with direct rail access.
      4225 Curliss Ln, Batavia, OH 45103
      View Details
    • Contact for pricing
      161.80 Acres

      Eastern Cincinnati Development Land

      161.8 Acres, Multi-Use Potential
      4393 Oh-276, Batavia, OH 45103
      View Details
    • $4,628,775
      166.77 Acres

      Batavia Industrial Land - 166 Acres

      Prime Ohio industrial land, rail access potential.
      3074 Old State Route 32, Batavia, OH 45103
      View Details
    • $895,000
      8,274 SF

      Batavia Office Building - 8,274 SF

      Prime Batavia Office Space, 6.99 Acres
      4203 Curliss Ln, Batavia, OH 45103
      View Details
    • $1,395,000

      Turnkey Car Wash & Quick Lube

      High-performing car wash and quick lube on 0.91 acres.
      1020 Hospital Dr, Batavia, OH 45103
      View Details
    • $895,000
      8,274 SF

      Industrial Zoned Office Building

      8,274 SF office building on 6.99 acres near Purina-Nestle.
      4203 Curliss Ln, Batavia, OH 45103
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      138,610 SF

      Versatile Flex Space in Batavia

      Adaptable space suitable for office, flex, tech, lab, or industrial uses.
      1981 James E Sauls Sr Dr, Batavia, OH 45103
      View Details
    • $16 SF/Yr
      59,609 SF

      Mercy Clermont Medical Office Suites

      Batavia, OH: Prime Medical Office Space
      2055 Hospital Dr, Batavia, OH 45103
      View Details
    • $13 SF/Yr
      5,109 SF

      Auto Service Facility For Lease

      5,109 SF auto service facility with eight drive-in doors.
      1120 Old State Route 74, Batavia, OH 45103
      View Details
    • $22 SF/Yr
      7,024 SF

      Retail Space in High-Traffic Center

      1,960 SF retail space in growing Batavia, Ohio.
      2234 Bauer Rd, Batavia, OH 45103
      View Details
    • $15 SF/Yr
      1,200 SF

      Recently Renovated Retail Space

      Move-in ready retail suite in a popular Cincinnati center.
      956 Old State Route 74, Batavia, OH 45103
      View Details
    • $16 SF/Yr
      2,043 SF

      Medical Office Space For Rent

      Located on Mercy Health Clermont Hospital campus in Batavia, OH.
      3000 Hospital Dr, Batavia, OH 45103
      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.
    2974 Old State Rte 32
    Batavia, OH 45103-3310
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.