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Property profile & analytics
OFF-MARKET
Manufacturing properties
537 Grandin Rd Maineville, OH 45039-9762
Entity Owned
3-yr Hold
Free & Clear
Property ID
US66-5576568
Property summary
AI-generated overview
This exceptional 104-acre commercial land parcel, located at 537 Grandin Rd, Maineville, OH 45039, presents a significant investment opportunity. Zoned M-1 Light Industrial, this property offers a wide variety of potential uses. The site boasts convenient access to utilities at the property line. Currently listed at $85,000 per acre, the seller is willing to consider dividing the land, with a minimum purchase of 25 acres. A Phase 1 Environmental Survey is complete, and the seller will demolish existing structures upon request. Potential incentives may be available through the city of Hamilton Township. Detailed site plans and a Hamilton Township proposal are available online via provided links in the original listing. This prime location in Warren County, Ohio, offers exceptional potential for development. The property's size and zoning make it ideal for a variety of industrial projects. Don't miss this chance to acquire a substantial piece of land in a thriving Ohio community.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Lot
30 ac (1,306,800 SF)
APN
16-05-100-002-0
UPID
US66-5576568
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Grandin Road Development LLC · 3 yrs held
Grandin Road Development LLC
since 2023
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Maineville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Maineville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$18,013
Tax year 2023
Assessed value
$279,129
Assessed 2023
Previous assessed
$279,479
-0.1% YoY
Effective rate
6.45%
On assessed value
Assessed land
$267,754
Assessed improvement
$11,375
Land market value
$765,010
Improvement market value
$32,500
Total market value
$797,510
Applied tax rate
26.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Heating
NONE
Lot
30 ac (1,306,800 SF)
APN
16-05-100-002-0
UPID
US66-5576568
Jurisdiction
WARREN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
30 ac
Current owner
From public records · entity-resolved
Grandin Road Development LLC
Entity
Free & Clear · 3 yrs held
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2023
—
Grandin Road Development LLC
Truckbase INC
Limited Warranty Deed
—
Jun 17, 2022
$850,000
Truckbase INC
Grandin Road Development LLC
Limited Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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