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    Office Building with Flex Space Title is generated by Realmo AI

    1030 Main Street, Milford, OH 45150

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    For Sale
    $475,000

    SINGLE_FAMILY - Milford, OH

    Type:Office
    Property size:
    4,400 SF
    Lot size:
    0.53 Acres
    Price / SF:
    $107/SF
    Added:
    Dec 26, 2025
    Days on Market:
    189
    Last Refresh:
    Jul 3 at 7:06 am

    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

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    Jerry Garrison
    Jerry Garrison

    Listing agent Jerry Garrison

    Listing office Keller Williams Advisors 2105 Grandin Road, Cincinnati, OH

    Listing date Dec 26, 2025

    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.

    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)
    • Additional 1,000 SF space leased as a 2‑bedroom apartment at $1,000/mo (month‑to‑month); could be maintained or modified to office
    • Lower level includes 300 SF flex space with a half bath
    • 20 parking spaces; well maintained building and parking area

    Overview

    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.

    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 (±1% cap)
    NOI $41,414 @ 7.0% cap · market cap 8.72%
    Second Best
    Industrial
    $328.8K
    $287.7K – $383.6K (±1% cap)
    NOI $23,015 @ 7.0% cap · market cap 4.85%
    Theoretical Best
    Office A
    $788.8K
    $690.2K – $920.3K (±1% cap)
    NOI $55,218 @ 7.0% cap · market cap 11.62%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Robert Dean - State ... Insurance Agency Berthel Fisher & Co. Financial Advisor State Farm Insurance Insurance Agency

    Suggested Use

    Real Estate Agency Restaurant Building Supply Hotel & Motel Department Store Auto Parts Store Big Box & Wholesale Store Nail Salon Accounting Firm Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Clermont
    State
    Ohio
    Longitude
    -84.2753976
    Latitude
    39.180808

    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)
    More about this property
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