Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4670 Dixie Hwy Fairfield, OH 45014
    Back to Search
    Property profile & analytics

    4670 Dixie Hwy Fairfield, OH 45014

    View on Map
    • Commercial land
    • 56,514 SF
    • 4.31 lot acres
    For Sale
    $1,050,000
    View Listing →
    Former Restaurant on Dixie Highway For Sale
    $1,050,000
    1.78 Acres

    Former Restaurant on Dixie Highway

    Former restaurant with high visibility and traffic counts available for sale.

    4670 Dixie Hwy, Fairfield, OH
    View Listing
    Property ID
    US66-2752630
    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

    • Commercial land

    Property Details for 4670 Dixie Hwy

    Year built
    1968
    Lot size
    4.31 lot acres
    Property size
    56,514 SF
    Property type
    Commercial land
    APN
    A0700-032.000-014
    APU
    A0700032000014

    Description

    This 5,120 square foot commercial property, located at 4670 Dixie Highway in Butler County, is available for lease. Previously a Bob Evans restaurant, this single-tenant space presents a fantastic opportunity for a restaurant or brewery. Boasting excellent visibility on Dixie Highway (State Route 4), the property benefits from strong traffic counts of 36,339 vehicles per day. Its 1.78-acre lot provides ample space, and the location offers convenient access from both Dixie Highway and Symmes Road. The site is strategically positioned near Jungle Jim's International Market, tapping into a significant customer base. Within a one-mile radius, there are over 3,500 daytime employees, creating a substantial pool of potential customers. The entire building is currently vacant, offering a blank canvas for a new business to establish its presence. This prime location and substantial square footage make this property an attractive investment opportunity for the right tenant. The property's high visibility and convenient access points ensure maximum exposure and accessibility for customers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $660,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,202,000
      Market price range: $1.20M - $4.57M
      AI Estimate
      $1,283,000
      Market price range: $1.28M - $4.56M

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairfield
    County
    Butler
    State
    Ohio
    Longitude
    -84.5412
    Latitude
    39.3494
    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
    $5,493
    $98,120
    $0.00
    $98,120
    -
    $280,330
    $0.00
    $280,330

    Comparable in this City

    • Value Estimation by Request
      1.28 Acres

      Woodridge Blvd

      VACANT COMMERCIAL LAND • 1.28 Acres
      Woodridge Blvd, Fairfield, OH 45014
      View Details
    • Value Estimation by Request
      0.06 Acres

      Glenna Rd

      VACANT COMMERCIAL LAND • 0.06 Acres
      Glenna Rd, Fairfield, OH 45014
      View Details
    • Value Estimation by Request
      0.75 Acres

      Veteran Dr

      VACANT COMMERCIAL LAND • 0.75 Acres
      Veteran Dr, Fairfield, OH 45014
      View Details
    • Value Estimation by Request
      0.39 Acres

      Riv Rd

      VACANT COMMERCIAL LAND • 0.39 Acres
      Riv Rd, Fairfield, OH 45014
      View Details
    • Value Estimation by Request
      0.33 Acres

      Industry Dr

      VACANT COMMERCIAL LAND • 0.33 Acres
      Industry Dr, Fairfield, OH 45014
      View Details
    • Value Estimation by Request
      1.05 Acres

      Kolb Dr

      VACANT COMMERCIAL LAND • 1.05 Acres
      Kolb Dr, Fairfield, OH 45014
      View Details

    Similar Nearby for Sale

    • $600,000
      10,600 SF

      Fairfield Land for Development

      Development opportunity on Dixie Highway, ideal for retail or restaurant.
      7121 Dixie Hwy, Fairfield, OH 45014
      View Details
    • $592,900
      2 SF

      Vacant Land in Downtown Fairfield

      Two-acre commercial land available in downtown Fairfield, Ohio.
      730 Wessel Dr, Fairfield, OH 45014
      View Details
    • Contact for pricing

      Commercial Land in Opportunity Zone

      High visibility land suitable for redevelopment near major highways.
      7141 Dixie Hwy, Fairfield, OH 45014
      View Details
    • $200,000
      1.21 Acres

      Fairfield Land Opportunity

      1.2 acre property in Fairfield, Ohio with immense potential.
      6271 River Rd, Fairfield, OH 45014
      View Details
    • Contact for pricing

      Fairfield, Ohio Raw Land

      Raw land available for commercial or industrial development.
      Busway Ln, Fairfield, OH 45014
      View Details
    • Contact for pricing

      Fairfield Industrial Land For Sale

      6.18 acres of industrial land zoned for general industrial use.
      Seward Rd, Fairfield, OH 45014
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Fairfield Commercial Land Opportunity

      8.4-acre commercial site in high-demand Fairfield corridor.
      350 Kolb Dr, Fairfield, OH 45014
      View Details
    • Contact for pricing

      Prime Retail Space Available

      Retail/office space with build-to-suit options and ample parking.
      6370 Pleasant Ave, Fairfield, OH 45014
      View Details
    • Contact for pricing

      Land Available For Lease

      Land available for lease in Fairfield, Ohio.
      4670-4696 Dixie Hwy, Fairfield, OH 45014
      View Details
    • Contact for pricing

      Fairfield Business Center Flex Space

      Flex, industrial, office, and warehouse spaces available for lease.
      7042-7068 Fairfield Business Ctr Dr, Fairfield, OH 45014
      View Details
    • Contact for pricing
      9,100 SF

      Retail Space in Fairfield, OH

      9,100 SF retail space available for lease.
      45014 Usa, Fairfield, OH 45014
      View Details
    • Contact for pricing
      12,295 SF

      Industrial Space with Crane Access

      Industrial property featuring cranes and multiple drive-in doors for lease.
      3400 Port Union Rd, Fairfield, OH 45014
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4670 Dixie Hwy
    Fairfield, OH 45014
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4670 Dixie Hwy, Fairfield, OH, 45014
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!