Mixed-Use Office
1030 Main Street, Milford, OH 45150
For Sale
$475,000
Pending
Commercial Sale, Milford, OH
Property Size4,400 SF
Lot Size0.53 Acres
Days on Market320
Property Features for 1030 Main Street
General Information
Property type
Property subtype
Directions
Subdivision
Standard status
APN
Lot size
Additional Details
Tenant in Place
Property Use
Utilities
Heating system
Building Details
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Keller Williams Advisors · Keller Williams Realty
Listed By:
Jerry Garrison
(513) 766-9200
Added: Dec 26, 2025
Changed: Oct 27
Last Checked: Nov 10 at 5:06PM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 4,400-square-foot building includes 3,400 square feet of office space, 1,000 square feet configured as a two-bedroom apartment, and a 300-square-foot lower-level flex area with a half bath. The office and apartment are both leased on month-to-month terms. The residential space can remain an apartment or be adapted for office use. Wood siding, carpet and wood flooring, forced-air heat, and a shingle roof are among the building features.
The 0.534-acre property has 20 parking spaces and signage opportunity along ST RT 28. I-275 is accessible within 0.5 mile, and the stated average daily traffic count is 9,000+.
The 0.534-acre property has 20 parking spaces and signage opportunity along ST RT 28. I-275 is accessible within 0.5 mile, and the stated average daily traffic count is 9,000+.
Key Highlights
- 4,400‑square‑foot building with 3,400 square feet of office space and a 1,000‑square‑foot, two‑bedroom apartment
- 300‑square‑foot lower‑level flex area with a half bath
- Office and apartment tenants are on month‑to‑month leases
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Residential units
9,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
575
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office and residential occupancy create a varied-use configuration, with the apartment space also convertible to office use.
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 3,400 square feet of office space and a 1,000‑square‑foot, two‑bedroom apartment; 300‑square‑foot lower‑level flex area with a half bath; Office and apartment tenants are on month‑to‑month leases
