New Industrial Warehouse with Drive-In
For Sale
Contact for pricing
Pending
10390 N State St., Harrison, OH 45030
New 2023–2024 industrial warehouse with 14–16' clear height, four drive-in doors, and majority-paved fenced potential site.
Property Size2,400 SF
Lot Size0.55 Acres
Days on Market55
Property Features for 10390 N State St.
General Information
Standard status
Pending
Size
2,400 SF
Total Parking Spaces
10
Lot size
0.55 Acres
Property subtype
Industrial
Zoning
General Business District
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
4
Additional Details
Highway Access
Yes
Building Details
Year Built
2023
Buildings
1
Listing Agency:
SqFt Commercial
Listed By:
Roddy MacEachen · License #OH SAL.2010001717
(513) 739-3985
Source:
Crexi
Added: Jul 20
Changed: Sep 11
Last Checked: Sep 11 at 6:48AM
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 SqFt Commercial
Investment Insights
Based on property information with market context.
Newly constructed industrial warehouse built in 2023–2024, offering 14'-16' clear height and a total building area of 2,400 square feet. The facility includes four drive-in doors measuring 10' x 14', providing flexibility for drive-through operations. The site covers 0.545 acres with the majority paved, and there is potential to fence or secure the parking and storage area.
The property is located in the City of Harrison in Hamilton County, just minutes from I-74 at New Haven Road or Harrison Brookville. It is zoned B, General Business District, and is available for immediate occupancy.
Ideal for users seeking a modern industrial building with multiple drive-in access points and a paved site suited for vehicle and storage needs.
The property is located in the City of Harrison in Hamilton County, just minutes from I-74 at New Haven Road or Harrison Brookville. It is zoned B, General Business District, and is available for immediate occupancy.
Ideal for users seeking a modern industrial building with multiple drive-in access points and a paved site suited for vehicle and storage needs.
Key Highlights
- New 2023–2024 industrial warehouse in the City of Harrison, Hamilton County
- 2,400 SF building on 0.545 acres with majority of the site paved and potential to fence/secure parking and storage
- 14'-16' clear height with four drive‑in doors (10' x 14') for drive‑through capability
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,975
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$239,500
$239.5K
Cap Rate 7%
$171,071
$171.1K
Cap Rate 9%
$133,056
$133.1K
Market Conditions
NOI Build-Up for 2,400 SF
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.
Gross rent
$15.4K $6.41/SF
− Vacancy
−$1.3K −$0.54/SF
EGI
$14.1K $5.87/SF
− OpEx
−$2.1K −$0.88/SF
NOI
$12.0K $4.99/SF
Area
Huron County, OH
Vacancy
8.42%
Lease Rate
$6.41 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$239,500
Cap Rate 7%
$171,071
Cap Rate 9%
$133,056
Alternative Uses
Best Use
Warehouse
$171.1K
$149.7K – $199.6K
NOI $11,975 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$498.8K
$436.5K – $582.0K
NOI $34,918 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
16 ft
Clear height
4
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
244
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 45030, OH
21,234
Population
8,756
Households
2.4
Avg Household Size
39
Median Age
29%
College-Educated
94%
High-School Grad
40.1 sq mi
ZIP Area
530
Density / Sq Mi
$97,228
Median Household Income
$50,146
Median Earnings
$1,101
Median Rent
$234,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Warehouse - New 2023–2024 industrial warehouse with 14–16' clear height, four drive-in doors, and majority-paved fenced potential site.
Where is this warehouse located?
The property is located at 10390 N State St. Harrison, OH.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: New 2023–2024 industrial warehouse in the City of Harrison, Hamilton County; 2,400 SF building on 0.545 acres with majority of the site paved and potential to fence/secure parking and storage; 14'-16' clear height with four drive‑in doors (10' x 14') for drive‑through capability
