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    Property profile & analytics

    413 Oxford Rd Franklin, OH 45005

    • Manufacturing properties
    • 5.64 lot acres
    For Sale
    View listing
    $3,000,000
    Last Sale
    Jan 19, 2024
    $275,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1240012
    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

    • Manufacturing properties

    Property Details for 413 Oxford Rd

    Lot size
    5.64 lot acres
    Property type
    Manufacturing properties
    APN
    02-04-428-009-0
    APU
    2044280090

    Description

    This exceptional light industrial property, located at 413 Oxford Road in Franklin, Ohio, presents a compelling investment opportunity. The expansive 112,730 square foot warehouse sits on a generous 5.64-acre lot (245,678.4 sq ft), offering significant potential for various uses. Built in 1911, the property features multiple buildings, with the main building encompassing 32,040 square feet. The warehouse boasts convenient access with three drive-up docks, two drive-in doors, and three access points into the building. Ample parking is available, including designated areas for office staff and employees. Ceiling heights range from 15 to 30 feet, providing flexibility for diverse operational needs. The property is zoned for Light Manufacturing and Assembly, and Light Industrial District uses, aligning with its existing infrastructure. Its prime location along the Great Miami River adds to its appeal. The asking price is $3,000,000, translating to $280.37 per square foot. This property offers a unique blend of history, functionality, and potential, making it an ideal acquisition for discerning investors seeking a substantial industrial asset in a desirable Ohio location. The property's size, access points, and zoning make it suitable for a wide range of industrial and commercial applications. Its location in Franklin, Ohio, offers easy access to transportation routes and a skilled workforce.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $275,000
      ML approach
      $275,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Warren
    State
    Ohio
    Longitude
    -84.3095
    Latitude
    39.5619
    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
    $5,149
    $49,357
    $3,143
    $52,500
    -
    $141,020
    $8,980
    $150,000

    Comparable in this City

    • Value Estimation
      $230,000
      2,100 SF

      275 Main St

      MANUFACTURING (LIGHT) • 2,100 SF
      275 Main St, Franklin, OH 45005-1629
      View Details
    • Value Estimation
      $425,000
      20,000 SF

      301 Industry Dr

      MANUFACTURING (LIGHT) • 20,000 SF
      301 Industry Dr, Franklin, OH 45005-6330
      View Details
    • Value Estimation
      $385,000
      41.55 Acres

      675 Oxford Rd

      MANUFACTURING (LIGHT) • 41.55 Acres
      675 Oxford Rd, Franklin, OH 45005-3678
      View Details
    • Value Estimation
      $275,000
      3.41 Acres

      415 Oxford Rd

      MANUFACTURING (LIGHT) • 3.41 Acres
      415 Oxford Rd, Franklin, OH 45005-3639
      View Details
    • Value Estimation
      $375,000
      3,840 SF

      300 Shotwell Dr

      MANUFACTURING (LIGHT) • 3,840 SF
      300 Shotwell Dr, Franklin, OH 45005-4662
      View Details
    • Value Estimation
      $350,000
      13.75 Acres

      300 Chestnut St

      MANUFACTURING (LIGHT) • 13.75 Acres
      300 Chestnut St, Franklin, OH 45005-3688
      View Details

    Similar Nearby for Sale

    • $3,000,000
      112,730 SF

      Light Industrial Property on Great Miami

      112,730 SF light industrial property on 5.64 acres.
      413 Oxford Rd, Franklin, OH 45005
      View Details
    • Contact for pricing
      4.10 Acres

      Heritage Business Park Land

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      North Pointe Commerce Center Land

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      6.00 Acres

      Franklin Springs Industrial Land

      Ohio Industrial Land: Build-to-Suit Available
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      10.00 Acres

      Franklin, OH Industrial Land

      10-Acre Site, Build-to-Suit Options
      1000 Commerce Center Dr, Franklin, OH 45005
      View Details
    • $907,500

      Land Suitable for Development

      Land suitable for corporate, industrial, medical, and R&D uses.
      Union Rd, Franklin, OH 45005
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1 SF

      Kohl's Pad Site, Middletown, OH

      Prime Retail Pad, 1 Acre, Middletown
      6825 Roosevelt Ave, Middletown, OH 45005
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      Land Ready for Development

      10 acres available for lease near I-75 in Franklin.
      1000 Commerce Center Dr, Franklin, OH 45005
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      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
    • $1,900 /Mo
      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
      31,799 SF

      Middletown Retail Pad Site

      High-traffic, build-to-suit opportunity
      6780 Roosevelt Ave, Middletown, OH 45005
      View Details
    • $1,100 /Mo
      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
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    413 Oxford Rd
    Franklin, OH 45005
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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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