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    3074 Old State Route 32 Batavia, OH 45103
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    3074 Old State Route 32 Batavia, OH 45103

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    • Industrial land
    For Sale
    $4,628,775
    View Listing →
    Industrial Land with Rail Potential For Sale
    $4,628,775

    Industrial Land with Rail Potential

    Industrial land with utilities, highway access, and rail potential.

    3074 Old State Rte 32, Batavia, OH 45103
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    Property ID
    US66-1030821
    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

    • Industrial land

    Property Details for 3074 Old State Route 32

    Property type
    Industrial land
    Property subtype
    Commercial real estate

    Description

    Water, gas and electric are available at site; Sewer extension required Potential for rail access: Approximately 0.6 miles of rail frontage Easy access to OH-32 with proximity to South Afton Industrial Park Zoned Industrial

    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
    Batavia
    County
    Clermont
    State
    Ohio
    Longitude
    -84.0800419
    Latitude
    39.0545155

    Comparable in this City

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      161.795 acres of land with utilities and highway access.
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      Prime Commercial Land Opportunity

      High-visibility land in a thriving commercial corridor.
      1269 Old State Route 74, Batavia, OH 45103
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      2.02 Acres in Owensville District

      2.02 acres in Owensville Business District with road frontage.
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      Commercial Land For Sale

      Commercial land suitable for retail or office development.
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      Land Parcels for Planned Development

      Multiple land parcels suitable for office, medical, or retail.
      983 Clepper Ln, Batavia, OH 45103
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      65-Acre Commercial Development Opportunity

      Large commercial land with frontage on SR-32 and Herold Rd.
      Sr-32 & Herold Rd, Batavia, OH 45103
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    Similar Nearby for Sale

    • Contact for pricing

      Available Land in Batavia, Ohio

      161.795 acres of land with utilities and highway access.
      Half Acre Rd, Batavia, OH 45103
      View Details
    • Contact for pricing

      Prime Commercial Land Opportunity

      High-visibility land in a thriving commercial corridor.
      1269 Old State Route 74, Batavia, OH 45103
      View Details
    • $494,900

      2.02 Acres in Owensville District

      2.02 acres in Owensville Business District with road frontage.
      1 Us Highway 50, Batavia, OH 45103
      View Details
    • $1,800,000

      Commercial Land For Sale

      Commercial land suitable for retail or office development.
      2188 Winemiller Ln, Batavia, OH 45103
      View Details
    • $250,000

      Land Parcels for Planned Development

      Multiple land parcels suitable for office, medical, or retail.
      983 Clepper Ln, Batavia, OH 45103
      View Details
    • Contact for pricing

      65-Acre Commercial Development Opportunity

      Large commercial land with frontage on SR-32 and Herold Rd.
      Sr-32 & Herold Rd, Batavia, OH 45103
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
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      Retail Space in High-Traffic Center

      1,960 SF retail space in growing Batavia, Ohio.
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      Auto Service Facility For Lease

      5,109 SF auto service facility with eight drive-in doors.
      1120 Old State Route 74, Batavia, OH 45103
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      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
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      1,750 SF

      Retail Space in Batavia, OH

      Retail space available in Batavia, OH.
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      Retail Space in Batavia, Ohio

      Retail space available in Dollar General anchored strip center.
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      Established Business Near East Fork Lake

      Well-established business for sale near East Fork Lake State Park.
      2818 Old State Route 32, Batavia, OH 45103
      View Details
    View Listing
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    Batavia, OH 45103
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    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
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