Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    303 Conover Dr Franklin, OH 45005-1957
    Back to Search
    Property profile & analytics

    303 Conover Dr, Franklin, OH 45005-1957

    View on Map
    • Retail properties & Spaces
    • 5,000 SF
    • 0.85 lot acres
    Off-Market
    Last Sale Dec 31, 2025
    $526,380
    Property ID
    US66-6175356
    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
    $510,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Next Day Access - Central Ohio / Production Facility
    • Sleep Tite Mattress Factory / Furniture & Home Goods

    Property Details for 303 Conover Dr

    Year built
    1982
    Construction
    STEEL FRAME
    Lot size
    0.85 lot acres
    Property type
    Retail properties & Spaces
    APN
    04-26-476-020-0
    APU
    4264760200

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 31, 2025 $526,380 1 Iron Holdings LLC Lipps INC Warranty Deed $1M · The Huntington National Bank
    Oct 8, 2020 — Niel & Meridith Buckley Livi Trust Steven M Stitsinger Grant Deed · related —
    Jul 30, 2020 — Lipps INC — Deed · related $100k · Wesbanco Bank INC
    Aug 1, 2019 — Lipps INC — Deed · related $75k · Wesbanco Bank INC
    Oct 15, 2004 $295,000 Lipps INC Johnson,kenneth & Amanda L Warranty Deed —
    — — Lipps INC — Deed Of Trust · related $183k · Community National Bank
    — — Catherine Brandenburg — Deed Of Trust · related $40k · Community National Bank
    — — Lipps INC — Deed Of Trust · related $170k · Community National Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $310,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $629,000
      Market price range: $322k - $953k
      AI Estimate
      $356,000
      Market price range: $189k - $633k

    • Alternative Use

      Use
      Estimation
      SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
      $630,000
      Current use
      RETAIL STORES
      $720,000
      Change: +14% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $555,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Warren
    State
    Ohio
    Longitude
    -84.2764
    Latitude
    39.5594
    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
    $7,240
    $38,742
    $78,190
    $116,932
    -
    $110,690
    $223,400
    $334,090

    Comparable in this City

    • Value Estimation by Request
      1 SF

      6825 Roosevelt Ave

      Retail properties & Spaces
      6825 Roosevelt Ave, Middletown, OH 45005
      View Details
    • Value Estimation by Request
      0.72 Acres

      Industrial Dr

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      Industrial Dr, Franklin, OH 45005
      View Details
    • Value Estimation by Request
      0.92 Acres

      Industrial Dr

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      Industrial Dr, Franklin, OH 45005
      View Details
    • Value Estimation by Request
      0.83 Acres

      6601 State Rte 123

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      6601 State Rte 123, Franklin, OH 45005
      View Details
    • Value Estimation by Request
      2,542 SF

      322 Maple St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      322 Maple St, Franklin, OH 45005-3634
      View Details
    • Value Estimation
      $600,000
      1,968 SF

      7004 State Rte 123

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      7004 State Rte 123, Franklin, OH 45005-2358
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,649 SF

      New Starbucks with Drive-Thru

      New Starbucks with drive-thru, corporately guaranteed, high-traffic location.
      6730 Roosevelt Ave, Middletown, OH 45005
      View Details
    • Contact for pricing
      1,285 SF

      Automotive Garage with Sales Approval

      B-2 zoned automotive property with lift and approved automotive sales use at a high-AADT intersection.
      4500 S Dixie Hwy, Franklin, OH 45005
      View Details
    • Contact for pricing
      20,052 SF

      Retail Space Near High Traffic

      Retail property for lease with high traffic and out-lot possibilities.
      3601 Towne Blvd, Middletown, OH 45005
      View Details
    • $299,000

      Corner Lot Redevelopment Opportunity

      Prime commercial property with redevelopment potential in Franklin, OH.
      140 South River St, Franklin, OH 45005
      View Details
    • Contact for pricing
      5,528 SF

      Former Restaurant Building For Lease

      5,529 SF former restaurant available for lease.
      8201 Claude-Thomas Rd, Franklin, OH 45005
      View Details
    • Contact for pricing

      Fully Rented Multifamily Investment

      Three-unit multifamily property producing income in Franklin, Ohio.
      5 River St, Franklin, OH 45005
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      20,052 SF

      Retail Building Near I-75

      20,049 SF retail building for rent, near I-75.
      3601 Towne Blvd, Middletown, OH 45005
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Historical Franklin

      Retail space available in the New Downtown Historical Franklin.
      513-515 S Main St, Franklin, OH 45005
      View Details
    • Contact for pricing
      12,970 SF

      Former CVS Building For Lease

      12,970 SF building suitable for office or retail use.
      3445 Union Rd, Franklin, OH 45005
      View Details
    • Contact for pricing
      2,244 SF

      Downtown Franklin Retail/Office Space

      Spacious retail or office space in historic downtown Franklin, Ohio.
      431-439 S Main St, Franklin, OH 45005
      View Details
    • Contact for pricing

      Retail Center in Growing Carlisle

      Retail center anchored by Dollar General and Goodwill.
      500 Central Ave, Carlisle, OH 45005
      View Details
    • Contact for pricing

      Retail Space Near I-75

      Retail space conveniently located between Dayton and Cincinnati off I-75.
      3455 Towne Blvd, Middletown, OH 45005
      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.
    303 Conover Dr
    Franklin, OH 45005-1957
    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
    303 Conover Dr, Franklin, OH, 45005
    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!