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    703 W State St Trenton, OH 45067
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    Property profile & analytics

    703 W State St Trenton, OH 45067

    View on Map
    • Grocery and convenience stores
    • 19,553 SF
    • 2.22 lot acres
    For Sale
    $434,947
    View Listing →
    Development Land For Sale For Sale
    $434,947
    17,862 SF

    Development Land For Sale

    Commercial land available for development in Trenton, OH.

    703 W State St, Trenton, OH
    View Listing
    Property ID
    US66-2775927
    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

    • Grocery and convenience stores

    Property Details for 703 W State St

    Year built
    1963
    Lot size
    2.22 lot acres
    Property size
    19,553 SF
    Property type
    Grocery and convenience stores
    APN
    R8000-030.000-006
    APU
    R8000030000006

    Description

    This exceptional 2.676-acre vacant land parcel presents a remarkable opportunity for commercial development in Trenton, Ohio. Located at 703 W State St, this property boasts a highly desirable Highway Commercial District zoning designation, opening doors to a wide array of commercial uses. The asking price is $434,947. The expansive lot size provides ample space for substantial construction projects, catering to businesses seeking high visibility and convenient access. Situated in Butler County, Ohio, with a zip code of 45067, this location offers excellent connectivity and proximity to key transportation routes. The property's two parcel numbers are R8000030000006 and R8000031000119. This is a rare chance to acquire a significant piece of commercial real estate in a thriving Ohio market. Its strategic location and zoning make it an ideal investment for developers and entrepreneurs seeking to establish a strong presence in the area. The property's size and zoning flexibility offer significant potential for future growth and profitability. Don't miss this chance to secure this prime commercial land and capitalize on its immense potential. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $578,000
      Market price range: $579k - $2.35M
      AI Estimate
      $646,000
      Market price range: $647k - $1.97M

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

    Location Insight

    • Map
    • Local Demand
    City
    Trenton
    County
    Butler
    State
    Ohio
    Longitude
    -84.4686
    Latitude
    39.4801
    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
    $4,754
    $84,530
    $0.00
    $84,530
    -
    $241,500
    $0.00
    $241,500

    Comparable in this City

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      0.21 Acres

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      1,768 SF

      416 Sal Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,768 SF
      416 Sal Blvd, Trenton, OH 45067-1350
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    • Value Estimation by Request
      432 SF

      13 Potter Ave

      RETAIL STORES (PERSONAL SERVICES) • 432 SF
      13 Potter Ave, Trenton, OH 45067-1521
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      0.16 Acres

      Miami St

      RETAIL STORES (PERSONAL SERVICES) • 0.16 Acres
      Miami St, Trenton, OH 45067
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    • Value Estimation by Request
      8.11 Acres

      1650 Wayne Madison Rd

      SHOW ROOM, WAREHOUSE • 8.11 Acres
      1650 Wayne Madison Rd, Trenton, OH 45067-9463
      View Details
    • Value Estimation by Request
      2,183 SF

      15 Miami St

      RETAIL STORES (PERSONAL SERVICES) • 2,183 SF
      15 Miami St, Trenton, OH 45067-1593
      View Details

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      Industrial Property with Cranes, Docks

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      114,744 SF

      Trenton, OH Warehouse For Sale

      114,744 SF warehouse/industrial property available for purchase.
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    • $434,947
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      Development Land For Sale

      Commercial land available for development in Trenton, OH.
      703 W State St, Trenton, OH 45067
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      1,450 SF

      Retail Space in Busy Center

      Retail space available for lease in a busy retail center.
      847 W State St, Trenton, OH 45067
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      Commercial Land for Lease

      High-growth area with planned traffic signal near schools.
      712 W State St, Trenton, OH 45067
      View Details
    View Listing
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    Trenton, OH 45067
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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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