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    8959 State Route 66 N Defiance, OH 43512

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    8959 State Route 66 N Defiance, OH 43512

    View on Map
    • Strip malls
    • 12,768 SF
    • 1.74 lot acres
    For Lease
    $20 SF/Yr
    View Listing →
    Retail Space in Defiance, OH For Lease
    $20 SF/Yr
    12,850 SF

    Retail Space in Defiance, OH

    3,150 SF retail space available in neighborhood retail center.

    8959 State Route 66 N, Defiance, OH 43512
    View Listing
    Property ID
    US66-2856273
    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

    • Strip malls

    Property Details for 8959 State Route 66 N

    Year built
    2006
    Lot size
    1.74 lot acres
    Property size
    12,768 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    I060012A00300
    APU
    I060012A00300

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,405,000
      RESTAURANT
      $1,195,000
      APARTMENT HOUSE (5+ UNITS)
      $920,000
      AUTO REPAIR, GARAGE
      $915,000
      MEDICAL BUILDING
      $890,000
      OFFICE BUILDING
      $870,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Defiance
    County
    Defiance
    State
    Ohio
    Longitude
    -84.3601
    Latitude
    41.3126
    CBSA code
    19580
    CBSA name
    DEFIANCE, OH MICROPOLITAN 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
    $12,768
    $82,960
    $165,960
    $248,920
    -
    $237,030
    $474,160
    $711,190

    Comparable in this City

    • Value Estimation
      $1,905,000
      18,288 SF

      1018 Ralston Ave

      SHOPPING CENTER, STRIP CENTER • 18,288 SF
      1018 Ralston Ave, Defiance, OH 43512-5312
      View Details
    • Value Estimation by Request
      20,056 SF

      100 Stadium Dr

      SHOPPING CENTER, STRIP CENTER • 20,056 SF
      100 Stadium Dr, Defiance, OH 43512-4614
      View Details
    • Value Estimation
      $1,170,000
      11,250 SF

      1601 Clinton St

      SHOPPING CENTER, STRIP CENTER • 11,250 SF
      1601 Clinton St, Defiance, OH 43512-8551
      View Details
    • Value Estimation
      $3,065,000
      30,500 SF

      1003-1007 Clinton St, Unit A-C

      SHOPPING CENTER, STRIP CENTER • 30,500 SF
      1003-1007 Clinton St, Defiance, OH 43512
      View Details
    • Value Estimation
      $2,000,000
      20,056 SF

      100 Stadium Dr

      SHOPPING CENTER, STRIP CENTER • 20,056 SF
      100 Stadium Dr, Defiance, OH 43512-4614
      View Details
    • Value Estimation
      $2,575,000
      26,080 SF

      1840-58 Second

      SHOPPING CENTER, STRIP CENTER • 26,080 SF
      1840-58 Second, Defiance, OH 43512
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      In-Line Shopping Center For Sale

      20,056 SF shopping center with move-in ready suites.
      100 Stadium Dr, Defiance, OH 43512
      View Details
    • Contact for pricing
      0.08 Acres

      Defiance Retail Space: Prime Location

      Updated Retail Space, Excellent Condition, High Visibility
      300 Hopkins St, Defiance, OH 43512
      View Details
    • Contact for pricing

      Commercial Land Next to Kohl's

      1.02 acres of commercial land for sale.
      8683 N Clinton St, Defiance, OH 43512
      View Details
    • Contact for pricing

      Industrial Land Parcels Available

      45-acre industrial land with M-2 and M-3 zoning.
      East Commerce Dr, Defiance, OH 43512
      View Details
    • $225,000

      Commercial Site on Stadium Drive

      Commercial land suitable for QSR or retail development.
      57 Stadium Dr, Defiance, OH 43512
      View Details
    • Contact for pricing

      Industrial Land with Highway Exposure

      Highway-exposed, fully developed industrial land ready for construction.
      83 Fox Run Dr, Defiance, OH 43512
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr

      Retail Space in Defiance, OH

      3,150 SF retail space available in neighborhood retail center.
      8959 State Route 66 N, Defiance, OH 43512
      View Details
    • $8 SF/Yr
      9,217 SF

      Retail Space Near Kroger

      Retail space available in shadow-anchored shopping center.
      1838-1858 E 2Nd St, Defiance, OH 43512
      View Details
    • Contact for pricing

      Retail Space in Prime Location

      3,150 SF retail space in well-maintained strip center.
      8959 Oh-66, Defiance, OH 43512
      View Details
    • Contact for pricing

      Historic Downtown Building Renovation

      Renovated historic building with restaurant and office space.
      300 Clinton St, Defiance, OH 43512
      View Details
    • Contact for pricing
      13,200 SF

      Historic Downtown Building Renovation

      Prime location for restaurant or office space in Defiance, OH.
      300 Clinton St, Defiance, OH 43512
      View Details
    • Contact for pricing
      5,250 SF

      Defiance Retail Space For Lease

      Retail or office space with high visibility and ample parking.
      319 E 2Nd St, Defiance, OH 43512
      View Details
    View Listing
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    Defiance, OH 43512
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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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