Storefront Property with
For Sale
Contact for pricing
1075 Millville Avenue, Hamilton, OH 45013
The building is expected to become available after the current electric contracting company vacates.
Property Size2,936 SF
Price / SF$144.75
Days on Market54
Property Features for 1075 Millville Avenue
General Information
Standard status
Active
Size
2,936 SF
Property subtype
Retail, Office, Special Purpose
Building Details
Year Built
1969
Buildings
1
Building Size
2,936 SF
Listing Agency:
Coldwell Banker Realty - Rick Louallen
Listed By:
Rick Louallen Sr. · License #OH 0000365995
(513) 237-1824
Source:
Crexi
Added: Aug 27
Changed: Oct 14
Last Checked: Oct 19 at 5:23AM
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 - Rick Louallen
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.
This 2,936-square-foot storefront property was built in 1969 and is currently occupied by an electric contracting company. The occupant plans to vacate, creating a transition point for the next owner or user.
The property is located at 1075 Millville Avenue in Hamilton, Ohio, and includes on-site parking. It may also be acquired with the neighboring building at 1077 Millville Avenue; together, the properties can accommodate four separate shops or rental spaces.
The property is located at 1075 Millville Avenue in Hamilton, Ohio, and includes on-site parking. It may also be acquired with the neighboring building at 1077 Millville Avenue; together, the properties can accommodate four separate shops or rental spaces.
Key Highlights
- 2,936‑square‑foot storefront building
- Built in 1969
- Current electric contracting company plans to vacate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,437
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$668,740
$668.7K
Cap Rate 7%
$477,671
$477.7K
Cap Rate 9%
$371,522
$371.5K
Market Conditions
NOI Build-Up for 2,936 SF
Gross rent
$60.2K $20.52/SF
− Vacancy
−$15.7K −$5.34/SF
EGI
$44.6K $15.18/SF
− OpEx
−$11.1K −$3.80/SF
NOI
$33.4K $11.39/SF
Area
Butler County, OH
Vacancy
26.00%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$668,740
Cap Rate 7%
$477,671
Cap Rate 9%
$371,522
Alternative Uses
Best Use
Office B
$477.7K
$418.0K – $557.3K
NOI $33,437 @ 7.0% cap · market cap 7.87%
Second Best
Retail
$178.1K
$155.8K – $207.8K
NOI $12,465 @ 7.0% cap · market cap 2.93%
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
Current Use
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
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - The building is expected to become available after the current electric contracting company vacates.
Where is this storefront property located?
The property is located at 1075 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 company plans to vacate
