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Industrial/Flex Facility on Fenced Lot

126 Wilmer Avenue Cincinnati, OH 45226

Claim this Listing
For Sale
$1,000,000

COMMERCIAL - Cincinnati, OH

Property size:
5,114 SF
Lot size:
0.98 Acres
Price / SF:
$195/SF
Added:
May 5, 2026
Days on Market:
67
Last Refresh:
Jul 10 at 7:06 pm

Property Features for 126 Wilmer Avenue

General Information

Property type
Commercial Sale
Property subtype
Other
Parking features
Fenced
Interior features
Crane, Drive-in Door, Over 12 Doors
Exterior features
Full Fenced, Outside Storage, Lights
Fencing
Fenced
Standard status
Active
APN
0120004000900
Size
5,114 SF
Lot size
0.98 Acres

Utilities

Heating system
Natural Gas

Building Details

Year built
1956
Flooring type
Concrete
Building materials
Block
Roof type
Metal
Additional Structures
Storage

Listing agent Nicholas Motz License #BRKA.2005008725

Listing office eXp Realty 300 E Business Way, Suite 200, Dublin, OH

Listing date May 5, 2026

MLS# 1877965

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 is a rare owner-user opportunity featuring a 5,800+ SF industrial/flex facility situated on a 0.984-acre fenced service lot. The property is located in the high-demand East End/Linwood corridor, offering convenient access to Downtown, Mt. Lookout, and Hyde Park. The facility includes an open main shop area, an office space, and a 750 SF mezzanine suitable for storage or potential apartment conversion. It features a 14' clear height, four 14' bay doors, a heavy reinforced slab, 3-phase power, and overhead lifts. The space is conditioned and includes an attached RV-capable service carport. The property is fully fenced with a secured gravel yard. The facility is purpose-built and turnkey-ready for various businesses, including marine, automotive, truck/diesel, contractor, fabrication, or specialty trades. Currently, it operates as a longstanding boat fiberglass repair shop.

Local Financial Insights For Retail

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 $92.1k $18.00
− Vacancy −$7.8k −$1.53
EGI $84.2k $16.47
− OpEx −$25.3k −$4.94
NOI $59.0k $11.53
5,114 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%

Alternative Uses

Best Use
Retail
$842.3K
$737.0K – $982.7K (±1% cap)
NOI $58,959 @ 7.0% cap · market cap 5.90%
Second Best
Flex RnD
$635.9K
$556.5K – $741.9K (±1% cap)
NOI $44,516 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$1.02M
$889.5K – $1.19M (±1% cap)
NOI $71,161 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Real Estate Agency Pharmacy Restaurant Parking Lot & Garage Electrical Service Big Box & Wholesale Store Hair Salon Bakery Grocery & Convenience Store Cafe & Coffee Shop

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Flex space - 5,800+ SF industrial/flex facility on 1 AC fenced lot.
Where is this flex space located?
The property is located at 126 Wilmer Avenue Cincinnati, OH.
What is the asking price?
The asking price for this property is $1,000,000.
Contact an agent
More about this property
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