Storefront
1069 Millville Avenue, Hamilton, OH 45013
For Sale
$425,000
The building is occupied by an electric contracting business that will vacate.
Property Size2,936 SF
Price / SF$144.75
Days on Market74
Property Features for 1069 Millville Avenue
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Currently Operating
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
Coldwell Banker Realty
(513) 922-9400
Listed By:
Rick Louallen Sr. · License #0000365995
(513) 237-1824
Source:
Falgnerrealty
Added: Aug 27
Changed: Nov 7
Last Checked: Nov 7 at 2:08PM
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 Coldwell Banker Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,936-square-foot storefront building, constructed in 1969, is currently used by an electric contracting company. The business will vacate, leaving the building available for a new occupant.
The property is at 1069 Millville Avenue in Hamilton, Ohio. The building may be packaged with the neighboring property at 1077 Millville Avenue; together, the two properties could accommodate four shops or rental spaces.
The property is at 1069 Millville Avenue in Hamilton, Ohio. The building may be packaged with the neighboring property at 1077 Millville Avenue; together, the two properties could accommodate four shops or rental spaces.
Key Highlights
- 2,936‑square‑foot storefront building
- Built in 1969
- Current electric contracting business will vacate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,465
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,300
$249.3K
Cap Rate 7%
$178,071
$178.1K
Cap Rate 9%
$138,500
$138.5K
Market Conditions
NOI Build-Up for 2,936 SF
Gross rent
$19.0K $6.48/SF
− Vacancy
−$1.2K −$0.41/SF
EGI
$17.8K $6.07/SF
− OpEx
−$5.3K −$1.82/SF
NOI
$12.5K $4.25/SF
Area
Butler County, OH
Vacancy
6.40%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,300
Cap Rate 7%
$178,071
Cap Rate 9%
$138,500
Alternative Uses
Best Use
Retail
$178.1K
$155.8K – $207.8K
NOI $12,465 @ 7.0% cap · market cap 2.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$580.5K
$507.9K – $677.3K
NOI $40,635 @ 7.0% cap · market cap 9.56%
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
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45013, OH
53,911
Population
21,734
Households
2.5
Avg Household Size
41
Median Age
23%
College-Educated
92%
High-School Grad
117.7 sq mi
ZIP Area
458
Density / Sq Mi
$72,932
Median Household Income
$40,730
Median Earnings
$967
Median Rent
$217,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Butler County, OH
Properties on Market for Storefront properties in Butler County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - The building is occupied by an electric contracting business that will vacate.
Where is this storefront property located?
The property is located at 1069 Millville Avenue Hamilton, 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: 2,936‑square‑foot storefront building; Built in 1969; Current electric contracting business will vacate
