Office Building with Flex
1030 Main Street Milford, OH 45150
1030 Main Street, Milford, OH, 45150
$475,000
For Sale
$475,000
SINGLE_FAMILY - Milford, OH
Property Size4,400 SF
Lot Size0.53 Acres
Price / SF$107.95
Days on Market207
Property Features for 1030 Main Street
General Information
- Property type
- Residential
- Property subtype
- Office
- Standard status
- Active
- APN
- 210723.095P
- Lot size
- 0.53 Acres
Utilities
- Heating system
- Forced Air
Building Details
- Flooring type
- Wood, Carpet
- Building materials
- Wood Siding
- Roof type
- Shingle
Listing Agency
Keller Williams Advisors
(513) 766-9200
2105 Grandin Road, Cincinnati, OH
Listed by
Jerry Garrison
(513) 766-9200
Added: Dec 26, 2025 Updated: Jul 1 at 4:23 pm Checked: Jul 21 at 4:06 am
MLS# 1864662
Copyright © 2026 MLS of Greater Cincinnati, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained office building includes a main office area of approximately 3,400 sq. ft. and an additional 1,000 sq. ft. space that is currently leased as a 2-bedroom apartment on a month-to-month basis. A lower-level flex area of about 300 sq. ft. includes a half bath. The building totals about 4,400 sq. ft. and offers 20 parking spaces for tenants and visitors.
The property has frontage with an estimated 9,000+ average daily traffic count and features a direct signage opportunity on ST RT 28. Located at 1030 Main Street in Milford, OH, it also provides convenient access roughly 0.5 miles to I-275.
For tenants, this configuration supports flexible operational needs, with a substantial office footprint and the option to maintain the second space as residential or modify it for additional office use. For buyers or owners, the current month-to-month leasing provides income from both the main office and the additional space, while the lower-level flex area can support supplementary business functions depending on the operator’s requirements.
The property has frontage with an estimated 9,000+ average daily traffic count and features a direct signage opportunity on ST RT 28. Located at 1030 Main Street in Milford, OH, it also provides convenient access roughly 0.5 miles to I-275.
For tenants, this configuration supports flexible operational needs, with a substantial office footprint and the option to maintain the second space as residential or modify it for additional office use. For buyers or owners, the current month-to-month leasing provides income from both the main office and the additional space, while the lower-level flex area can support supplementary business functions depending on the operator’s requirements.
Key Highlights
- 4,400 SF building with 3,400 SF main office plus 1,000 SF additional space and 300 SF lower‑level flex area
- Office frontage with 9,000+ average daily traffic count and direct SR/RT 28 signage opportunity
- Current leases: 3,400 SF main office leased to an insurance company at $2,500/mo (month‑to‑month)
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.9k | $16.80 |
| − Vacancy | −$18.7k | −$4.25 |
| EGI | $55.2k | $12.55 |
| − OpEx | −$13.8k | −$3.14 |
| NOI | $41.4k | $9.41 |
4,400 SF · lease $16.80/SF/yr · vacancy 25.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$591.6K
$517.7K – $690.2K
NOI $41,414 @ 7.0% cap · market cap 8.72%
Second Best
Industrial
$328.8K
$287.7K – $383.6K
NOI $23,015 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$788.8K
$690.2K – $920.3K
NOI $55,218 @ 7.0% cap · market cap 11.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Robert Dean - State ...
Insurance Agency
Berthel Fisher & Co.
Financial Advisor
State Farm Insurance
Insurance Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Well-maintained office building with 20 parking spaces, a leased main office, and additional flexible space on busy frontage.
Where is this office units located?
The property is located at 1030 Main Street Milford, OH.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 4,400 SF building with 3,400 SF main office plus 1,000 SF additional space and 300 SF lower‑level flex area; Office frontage with 9,000+ average daily traffic count and direct SR/RT 28 signage opportunity; Current leases: 3,400 SF main office leased to an insurance company at $2,500/mo (month‑to‑month)
