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Property profile & analytics
OFF-MARKET
Estimated value
$2,975,000
Manufacturing properties
4008 Borman Dr Batavia, OH 45103-1681
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-2131515
Property summary
AI-generated overview
This vacant, 34,000-square-foot Class B industrial building in Batavia, Ohio, presents a prime investment opportunity. Built in 2003, the single-story structure sits on a 3.04-acre lot and offers 33,800 square feet of net rentable space with a 19-foot ceiling height. The property boasts four loading docks and two drive-in doors (12x14), ensuring efficient material handling. The layout is flexible, allowing for single-tenant occupancy or division into two units (approximately 15,000 and 20,000 square feet), catering to diverse industrial or manufacturing needs. Features include 30 parking spaces, 1,250 square feet of office space, and three-phase electric service. Its strategic location, adjacent to Clermont County Airport, and proximity to State Route 32 (1.7 miles) and I-275 (5 miles), enhances its appeal. The property is zoned for industrial use and is offered at $2,750,000, with a price per square foot of $80.88. The APN is 012007D137.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2003
Construction
METAL FRAME
Total area
33,800 SF
Lot
3.04 ac (132,205 SF)
APN
01-20-07D-137
UPID
US66-2131515
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
J B Steel Specialties Inc General Contractor
-
Hamilton Fabricators Professional Services
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.72M
Comparable Approach
Comparable
$3.34M
Blend (final)
Blend
$2.98M
Owner & transaction history
Ahe Properties LLC · 1 yrs held
Ahe Properties LLC
since 2025
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.8M
+51.1%
Neighborhood: shopping center
$4.8M
+50.4%
Retail stores
$4.8M
+48.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Batavia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Batavia submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,945,000
6.5%
$2,720,000
7%
$2,525,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,195,000
Current use
OFFICE BUILDING
$4,825,000
Change: +51% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,805,000
Change: +50% · Conversion: Difficult
RETAIL STORES
$4,750,000
Change: +49% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,520,000
Change: +41% · Conversion: Easy
Blend value · Realmo final
$2.98M
Range $2.68M – $3.27M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$88 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$27,288
Tax year 2023
Assessed value
$391,940
Assessed 2023
Previous assessed
$391,940
+0.0% YoY
Effective rate
6.96%
On assessed value
Assessed land
$40,430
Assessed improvement
$351,510
Land market value
$115,500
Improvement market value
$1,004,300
Total market value
$1,119,800
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2003
Construction
METAL FRAME
Heating
SPACE
Cooling
NONE
Stories
1
Rooms
8
Bathrooms
2
Total area
33,800 SF
Lot
3.04 ac (132,205 SF)
APN
01-20-07D-137
UPID
US66-2131515
Jurisdiction
CLERMONT
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.2M
OFFICE BUILDING
Est. value
$4.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.8M
RETAIL STORES
Est. value
$4.8M
AUTO REPAIR, GARAGE
Est. value
$4.5M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Construction
METAL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Rooms
8
Bathrooms
2
Lot
3.04 ac
Current owner
From public records · entity-resolved
Ahe Properties LLC
Entity
Mailing address
10700 MONTGOMERY RD, MONTGOMERY, OH 45242-3255
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2025
—
Ahe Properties LLC
Jjr Fund I LLC
Deed
$1,400,000 · First Bank Richmond NA
Dec 22, 2017
$900,000
Jjr Fund I LLC
Dfl Group LLC
Warranty Deed
$900,000 · Gary D Green
Mar 8, 2012
$800,000
Dfl Group LLC
Fpl Investments Ltd
Grant Deed
$800,000 · Fpl Investments Ltd
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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