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    5011 Navarre Ave Oregon, OH 43616
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    Property profile & analytics

    5011 Navarre Ave Oregon, OH 43616

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    • Commercial real estate
    • 8.09 lot acres
    Off-Market
    Property ID
    US66-1406438
    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 real estate

    Property Details for 5011 Navarre Ave

    Lot size
    8.09 lot acres
    Property type
    Commercial real estate
    APN
    15857

    Description

    This exceptional 8.09-acre commercial land parcel, located at 5011 Navarre Avenue in Oregon, Ohio (Lucas County, zip code 43616), presents a unique investment opportunity. The property is zoned C-5, offering a wide range of potential development options. The lot features an irregular shape and is characterized by flat topography. Access is provided by one curb cut onto Wynn Road, the closest cross street. The asking price is $695,000. While a survey is not currently available, easements of record exist. No environmental report is available at this time. The property's location in Lucas County, Ohio, provides convenient access to major transportation routes and amenities. This substantial acreage presents a rare chance to acquire a significant commercial property in a thriving area. Serious inquiries are encouraged to explore the possibilities this land offers for future development and investment. The APN is 15857.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Oregon
    County
    Lucas
    State
    Ohio
    Longitude
    -83.426598
    Latitude
    41.638526

    Comparable in this City

    • $995,000

      16.25 Acres Development Opportunity

      Ideal development site for mixed-use or new auto sales.
      4440-4452 Navarre Ave, Oregon, OH 43616
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      Oregon Development Site Opportunity

      16.25 acre development site ideal for mixed-use.
      4440 Navarre Ave, Oregon, OH 43616
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      24.38 Acres of Land

      Land for manufacturing and warehousing development in Oregon, Ohio.
      Corduroy Rd At Blue Heron Dr, Oregon, OH 43616
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    • $1,280,000

      42 Acres Development Land

      Two parcels totaling 42 acres, ideal for development.
      5538 Navarre Ave, Oregon, OH 43616
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    • $35,000
      40 SF

      Oregon Land Near Industrial Hub

      40 acre land parcel near major industrial facilities.
      5255 Cedar Point Rd, Oregon, OH 43616
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      Land For Sale

      1.107 acres of land available for sale.
      Woodville Rd & Drouillard Rd, Oregon, OH 43616
      View Details

    Similar Nearby for Sale

    • $853,300
      24 SF

      24.38 Acres of Land

      24.38 acres in Oregon, OH, ideal for development.
      Corduroy Rd. At Blue Heron Dr, Oregon, OH 43616
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    • $475,000

      42 Acres Industrial Land Available

      42 acres of industrial land with rail access.
      900 Stadium Rd, Oregon, OH 43616
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    • $995,000

      16.25 Acres Development Opportunity

      Ideal development site for mixed-use or new auto sales.
      4440-4452 Navarre Ave, Oregon, OH 43616
      View Details
    • Contact for pricing

      Oregon Development Site Opportunity

      16.25 acre development site ideal for mixed-use.
      4440 Navarre Ave, Oregon, OH 43616
      View Details
    • Contact for pricing

      24.38 Acres of Land

      Land for manufacturing and warehousing development in Oregon, Ohio.
      Corduroy Rd At Blue Heron Dr, Oregon, OH 43616
      View Details
    • $1,280,000

      42 Acres Development Land

      Two parcels totaling 42 acres, ideal for development.
      5538 Navarre Ave, Oregon, OH 43616
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land For Rent

      One acre of land available for single tenant use.
      3232 Navarre Ave, Oregon, OH 43616
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    • $12 SF/Yr
      1,250 SF

      Oregon Medical Office Condo

      1,250 SF Medical Office - For Sale or Lease
      2735 Navarre Ave, Oregon, OH 43616
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    • Contact for pricing

      Retail Space in Oregon Center

      Retail space available in Oregon Town Center development.
      2830 Navarre Ave, Oregon, OH 43616
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    • Contact for pricing

      Freestanding Building with Showroom

      Freestanding building with restroom, showroom, high ceiling, and gym.
      2295 Starr Ave, Oregon, OH 43616
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      Retail Space on Navarre Avenue

      Retail space available on a major retail corridor.
      3165 Navarre Ave, Oregon, OH 43616
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    • $14,400 /Mo
      7,200 SF

      Navarre Ave Office Space For Lease

      1,000 SF Office, Prime Oregon Location
      2300 Navarre Ave, Oregon, OH 43616
      View Details
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    Oregon, OH 43616
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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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