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    6942 Salem Ave Clayton, OH 45315
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    6942 Salem Ave Clayton, OH 45315

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    • Industrial land
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    Clayton Ohio Industrial Land Available For Sale
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    51.73 Acres

    Clayton Ohio Industrial Land Available

    51.73 acres of industrial land for sale in Clayton, Ohio.

    6942 Salem Avenue, Clayton, OH 45315
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    Property ID
    US66-1956510
    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

    • Industrial land

    Property Details for 6942 Salem Ave

    Property type
    Industrial land
    Property subtype
    Commercial real estate

    Description

    51.73 Acres available for sale in Clayton, Ohio, Zoned General Industrial by the City of Clayton and located in an Enterprise Zone.

    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
    Clayton
    County
    Montgomery
    State
    Ohio
    Longitude
    -84.3178638
    Latitude
    39.8443208

    Comparable in this City

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      Land with Highway Access

      Land with income potential and convenient highway access.
      6942 Salem Ave, Clayton, OH 45315
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      Commercial Land Near Caterpillar Facility

      1.073 acre commercial lot near major employers, I-70.
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      Land with Highway Access

      Land with income potential and convenient highway access.
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    • $1,800,000
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      Commercial Land Near Interstate 70

      9 acre commercial land approved for gas station near I-70.
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      Mixed-Use Property in North Clayton

      Commercial property with investment potential and future development opportunities.
      8941 Anneliese Way, Clayton, OH 45315
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    Similar Nearby for Sale

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      Prime Land Near I-70

      4.67 acres of commercial land ideal for retail development.
      7277 Hoke Rd, Clayton, OH 45315
      View Details
    • Contact for pricing

      Land with Highway Access

      Land with income potential and convenient highway access.
      6942 Salem Ave, Clayton, OH 45315
      View Details
    • Contact for pricing

      Commercial Land Near Caterpillar Facility

      1.073 acre commercial lot near major employers, I-70.
      7437 Salem Ave, Clayton, OH 45315
      View Details
    • Contact for pricing

      Land with Highway Access

      Land with income potential and convenient highway access.
      Salem Ave, Clayton, OH 45315
      View Details
    • $1,800,000
      9.00 Acres

      Commercial Land Near Interstate 70

      9 acre commercial land approved for gas station near I-70.
      7415 Pleasant Pln Dr, Clayton, OH 45315
      View Details
    • Contact for pricing

      Mixed-Use Property in North Clayton

      Commercial property with investment potential and future development opportunities.
      8941 Anneliese Way, Clayton, OH 45315
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    Similar Nearby for Lease

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      Former Dental Space For Rent

      Retail space with highway visibility in Hoke Crossing.
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      Multi-Purpose Facility For Lease

      Flex, industrial, warehouse, and office space available for lease.
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      Englewood Retail Space For Rent

      Retail space available in Hoke Crossing near Walmart.
      7701-7709 Hoke Rd, Englewood, OH 45315
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      Englewood Retail Space Available

      Retail space available for lease in Englewood, Ohio.
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      1,200 SF

      Updated Office Space Available

      1,200 SF office space with private offices and common areas.
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      Drive-Thru Restaurant Opportunity

      Drive-thru restaurant for rent in front of Walmart.
      7711 Hoke Rd, Clayton, OH 45315
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    View Listing
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    6942 Salem Ave
    Clayton, OH 45315
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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.

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