Property profile

4475 State Route 705 New Weston, OH 45348

FOR SALE
Commercial land
Property ID
US66-3867777
1.51 ac lot
Individually Owned 21-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a 1.51-acre lot located at the corner of State Route 705 and State Route 118 in New Weston, Ohio, with zoning that allows for either commercial or residential use. The site is situated near Eldora Speedway and supports flexible development planning based on the intended design. Environmental due diligence has included EPA Phase I and Phase II assessments.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.51 ac (65,863 SF)
APN B11-4-214-10-01-01-10100
UPID US66-3867777

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4475 State Route 705 New Weston, OH 45348
New Weston metro Census 500100 GREENVILLE, OH MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$225k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k

Owner & transaction history

since 2005
1 recorded transaction
2005
$20,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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