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    3310 Herr Rd Sylvania, OH 43560

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    3310 Herr Rd Sylvania, OH 43560

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    Land Parcels Available in Sylvania For Sale
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    Land Parcels Available in Sylvania

    Multiple land parcels for sale in Sylvania Township.

    3310 Herr Rd, Sylvania, OH 43560
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    Property ID
    US66-5940389
    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

    • Land

    Property Details for 3310 Herr Rd

    Property type
    Land

    Description

    Multiple parcels available in Sylvania Township - can be sold separately.

    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
    Sylvania
    County
    Lucas
    State
    Ohio
    Longitude
    -83.7558929
    Latitude
    41.6772658

    Comparable in this City

    • Contact for pricing

      Development Site Near Shopping Center

      0.959 acre development site near Sylvania Marketplace.
      5810 Monroe St, Sylvania, OH 43560
      View Details
    • Contact for pricing
      29 SF

      Sylvania Land for Development

      29-acre land parcel with direct access to Central Avenue.
      9500 Central Ave, Sylvania, OH 43560
      View Details
    • Contact for pricing

      Sylvania Township Industrial Land Parcel

      Industrial/Commercial acreage for development in Sylvania Township.
      3320 Centennial Rd, Sylvania, OH 43560
      View Details
    • Contact for pricing

      Sylvania Township Land Parcels

      Multiple land parcels available in Sylvania Township for sale.
      3310 Herr Rd, Sylvania, OH 43560
      View Details
    • Contact for pricing

      Sylvania Township Land Parcels

      Multiple parcels available in Sylvania Township for sale.
      8730 Central Ave, Sylvania, OH 43560
      View Details
    • Contact for pricing

      Redevelopment Opportunity Near Fremont Pike

      Land for redevelopment near retail corridor and Amazon Fulfillment Center.
      27536 Simmons Rd, Rossford, OH 43560
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Development Site Near Shopping Center

      0.959 acre development site near Sylvania Marketplace.
      5810 Monroe St, Sylvania, OH 43560
      View Details
    • Contact for pricing
      29 SF

      Sylvania Land for Development

      29-acre land parcel with direct access to Central Avenue.
      9500 Central Ave, Sylvania, OH 43560
      View Details
    • Contact for pricing

      Sylvania Township Industrial Land Parcel

      Industrial/Commercial acreage for development in Sylvania Township.
      3320 Centennial Rd, Sylvania, OH 43560
      View Details
    • Contact for pricing

      Sylvania Township Land Parcels

      Multiple land parcels available in Sylvania Township for sale.
      3310 Herr Rd, Sylvania, OH 43560
      View Details
    • Contact for pricing

      Sylvania Township Land Parcels

      Multiple parcels available in Sylvania Township for sale.
      8730 Central Ave, Sylvania, OH 43560
      View Details
    • Contact for pricing

      Redevelopment Opportunity Near Fremont Pike

      Land for redevelopment near retail corridor and Amazon Fulfillment Center.
      27536 Simmons Rd, Rossford, OH 43560
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,222 SF

      Retail Space in Sylvania, OH

      Retail space available for lease in Sylvania, Ohio.
      6600 Sylvania Ave, Sylvania, OH 43560
      View Details
    • $14 SF/Yr

      Medical Office Space Available

      Second-generation medical office space near ProMedica Flower Hospital.
      4848 Holland Sylvania Rd, Sylvania, OH 43560
      View Details
    • Contact for pricing

      Vibrant Sylvania Plaza Office Space

      Ready-made business community with networking and high visibility.
      4981 Main St, Sylvania, OH 43560
      View Details
    • Contact for pricing

      Neighborhood Center Retail Space Available

      Retail space for lease in a high-occupancy neighborhood center.
      4900 N Mccord Rd, Sylvania, OH 43560
      View Details
    • Contact for pricing

      Medical Office Suites Available

      Healthcare suites with private amenities near retail and hospital.
      7640 West Sylvania Ave, Sylvania, OH 43560
      View Details
    • $1,300 /Mo

      Remodeled Office and Retail Space

      1,029 SF remodeled office/retail space with US 23 access.
      6100 Monroe St, Sylvania, OH 43560
      View Details
    View Listing
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    3310 Herr Rd
    Sylvania, OH 43560
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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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