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    Property profile & analytics

    500 Central Ave Franklin, OH 45005

    • Commercial land
    • 1.91 lot acres
    For Lease
    View listing
    $8 SF/Yr
    Value Estimation
    Last Sale
    Dec 12, 2023
    $2,300,000
    Location Intelligence
    Property ID
    US66-0344960
    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

    • Commercial land

    Property Details for 500 Central Ave

    Lot size
    1.91 lot acres
    Property type
    Commercial land
    APN
    01-33-252-003-0
    APU
    1332520030

    Description

    This Carlisle, Ohio retail center, built in 1995 and renovated in 2022, offers 44,700 square feet of space in a single, one-story building. Currently, 1,000 square feet are vacant, divisible into units as small as 1,000 square feet, with a maximum contiguous space of 1,000 square feet. The center features eight suites in total and boasts a strong tenant mix, including a Dollar General store ranked in the top 2% nationally and in Ohio. This prime location is situated on Central Avenue in Carlisle, Ohio, just over three miles west of I-75, providing excellent access to a substantial market. Within a five-mile radius, there are nearly 75,000 residents and 72,000 employees. The center benefits from its proximity to the Carlisle Business Park and newly constructed emergency services facilities. An additional approximately 1.9 acres of outlot land is available for ground lease, presenting further development opportunities. This property presents a compelling investment opportunity in a thriving community.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Carlisle
    County
    Warren
    State
    Ohio
    Longitude
    -84.313
    Latitude
    39.5791
    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
    $4,191
    $58,356
    $0.00
    $58,356
    -
    $166,730
    $0.00
    $166,730

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    500 Central Ave
    Franklin, OH 45005
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    Realmo Value Estimation

    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.

    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.

    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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