Mixed-Use Building with Office
For Sale
$475,000
1030 Main Street, Milford, OH 45150
Two month-to-month tenants occupy separate office and apartment areas, with additional flexible space on the lower level.
Property Size4,400 SF
Price / SF$107.95
Days on Market301
Property Features for 1030 Main Street
General Information
Standard status
Active
Size
4,400 SF
Total Parking Spaces
20
Property subtype
Commercial
Zoning
Office, Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Gross Income
$42,000
Property Use
Office
Building Details
Building Size
4,400 SF
Buildings
1
Tenancy
Multi
Listing Agency:
Keller Williams Advisors
(513) 766-9200
Listed By:
Jerry T. Garrison · License #433588
(513) 325-2245
Source:
Galbraithrealtors
Added: Dec 26, 2025
Changed: Oct 23
Last Checked: Oct 23 at 4:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Advisors
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Investment Insights
Based on property information with market context.
The 4,400-square-foot mixed-use building includes a 3,400-square-foot main office, a separate 1,000-square-foot two-bedroom apartment, and a 300-square-foot lower-level flex area with a half bath. The apartment could remain residential or be adapted for office use. The property has 20 parking spaces and is described as well maintained.
The site offers signage on State Route 28 and is 0.5 mile from I-275. The stated traffic count is more than 9,000 vehicles per day. Zoning is Office, Commercial.
The main office is leased to an insurance company on a month-to-month basis, and the apartment is also occupied under a month-to-month lease. Both spaces are currently in use.
The site offers signage on State Route 28 and is 0.5 mile from I-275. The stated traffic count is more than 9,000 vehicles per day. Zoning is Office, Commercial.
The main office is leased to an insurance company on a month-to-month basis, and the apartment is also occupied under a month-to-month lease. Both spaces are currently in use.
Key Highlights
- 4,400‑square‑foot building with a 3,400‑square‑foot main office and 1,000‑square‑foot apartment
- 300‑square‑foot lower‑level flex area with half bath
- 20 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,414
Cap Rate
8.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$828,280
$828.3K
Cap Rate 7%
$591,629
$591.6K
Cap Rate 9%
$460,156
$460.2K
Market Conditions
NOI Build-Up for 4,400 SF
Gross rent
$73.9K $16.80/SF
− Vacancy
−$18.7K −$4.25/SF
EGI
$55.2K $12.55/SF
− OpEx
−$13.8K −$3.14/SF
NOI
$41.4K $9.41/SF
Area
Clermont County, OH
Vacancy
25.30%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$828,280
Cap Rate 7%
$591,629
Cap Rate 9%
$460,156
Alternative Uses
Best Use
Office B
$591.6K
$517.7K – $690.2K
NOI $41,414 @ 7.0% cap · market cap 8.72%
Second Best
Mixed Use
$542.1K
$474.4K – $632.5K
NOI $37,950 @ 7.0% cap · market cap 7.99%
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 authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
575
Businesses Nearby
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Business Placement
Demographics for 45150, OH
33,735
Population
14,432
Households
2.3
Avg Household Size
42
Median Age
41%
College-Educated
95%
High-School Grad
32.3 sq mi
ZIP Area
1,044
Density / Sq Mi
$91,780
Median Household Income
$51,494
Median Earnings
$1,033
Median Rent
$267,900
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two month-to-month tenants occupy separate office and apartment areas, with additional flexible space on the lower level.
Where is this mixed-use property 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‑square‑foot building with a 3,400‑square‑foot main office and 1,000‑square‑foot apartment; 300‑square‑foot lower‑level flex area with half bath; 20 parking spaces
