Storefront Property with Rental
For Sale
$175,000
1077 Millville Ave, Hamilton, OH 45013
The 2,258-square-foot building was constructed in 1931 and can support business or rental use.
Property Size2,258 SF
Price / SF$77.50
Days on Market51
Property Features for 1077 Millville Ave
General Information
Standard status
Active
Size
2,258 SF
Property Condition
Severity
Repairs Needed
Evidence
Needs work
Taxes and HOA fees
Annual Taxes
$902
Building Details
Buildings
1
Listing Agency:
Coldwell Banker Realty
(513) 922-9400
Listed By:
Rick Louallen Sr. · License #0000365995
(513) 237-1824
Source:
Exprealty
Added: Aug 27
Changed: Oct 7
Last Checked: Oct 14 at 11:19PM
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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Investment Insights
Based on property information with market context.
Located at 1077 Millville Avenue in Hamilton, Ohio, this 2,258-square-foot storefront property dates to 1931. The building requires work and offers a commercial structure suited to an owner-operated business or rental property, as stated in the available property information.
The property may be packaged with the neighboring building and lots at 1069-1075 Millville Avenue, creating an option to acquire a broader assemblage along the same avenue.
The property may be packaged with the neighboring building and lots at 1069-1075 Millville Avenue, creating an option to acquire a broader assemblage along the same avenue.
Key Highlights
- 2,258‑square‑foot storefront property
- Built in 1931
- Located at 1077 Millville Avenue, Hamilton, OH 45013
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,587
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$191,740
$191.7K
Cap Rate 7%
$136,957
$137.0K
Cap Rate 9%
$106,522
$106.5K
Market Conditions
NOI Build-Up for 2,258 SF
Gross rent
$14.6K $6.48/SF
− Vacancy
−$936 −$0.41/SF
EGI
$13.7K $6.07/SF
− OpEx
−$4.1K −$1.82/SF
NOI
$9.6K $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%
$191,740
Cap Rate 7%
$136,957
Cap Rate 9%
$106,522
Alternative Uses
Best Use
Office B
$367.4K
$321.4K – $428.6K
NOI $25,715 @ 7.0% cap · market cap 14.69%
Second Best
Retail
$137.0K
$119.8K – $159.8K
NOI $9,587 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$446.5K
$390.7K – $520.9K
NOI $31,252 @ 7.0% cap · market cap 17.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - The 2,258-square-foot building was constructed in 1931 and can support business or rental use.
Where is this storefront property located?
The property is located at 1077 Millville Ave Hamilton, OH.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 2,258‑square‑foot storefront property; Built in 1931; Located at 1077 Millville Avenue, Hamilton, OH 45013
