Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Blue Ash Industrial Property Title is generated by Realmo AI

    10829-10843 Millington Ct, Blue Ash, OH

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Industrial property available for sale in Blue Ash, Ohio.

    Type:INDUSTRIAL
    Property size:
    14,000 SF
    Lot size:
    2.90 Acres
    Price / SF:
    $85/SF
    Added:
    Sep 12, 2025
    Days on Market:
    260
    Last Refresh:
    May 20 at 9:49 pm

    Property Features for 10829-10843 Millington Ct

    General Information

    Standard status
    Active
    Size
    14,000 SF
    Lot size
    2.90 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Frank J Torbeck, SIOR

    Listing agent Frank J Torbeck, SIOR

    Listing office The Everest Group, Inc

    Listing date Sep 12, 2025

    Source Moodyscre

    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 The Everest Group, Inc

    HighLights

    • Industrial property available for sale
    • Located in Blue Ash, Ohio
    • Property type: Industrial
    • Property status: For sale
    • Location: Blue Ash
    • State: Ohio

    Overview

    An industrial property encompassing 14,000 square feet is available for sale in Blue Ash, Ohio.

    Local Financial Insights For Industrial

    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 $89.0k $6.36
    − Vacancy −$2.0k −$0.15
    EGI $87.0k $6.21
    − OpEx −$26.1k −$1.86
    NOI $60.9k $4.35
    14,000 SF · lease $6.36/SF/yr · vacancy 2.30% · expense 30.00%

    Alternative Uses

    Best Use
    Industrial
    $869.9K
    $761.2K – $1.01M (±1% cap)
    NOI $60,894 @ 7.0% cap · market cap 5.07%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $2.51M
    $2.20M – $2.93M (±1% cap)
    NOI $175,694 @ 7.0% cap · market cap 14.64%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Building Supply Spa & Massage Center Auto Repair Shop Big Box & Wholesale Store Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Blue Ash
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.3641
    Latitude
    39.2595

    Nearby Similar for Sale

    • $1,500,000
      10,000 SF

      Blue Ash Industrial/Office Building

      10,000 SF building with office and warehouse space.
      11297 Grooms Rd, Blue Ash , OH
      View Details
    • $700,000
      4,012 SF

      Two-Story Office Building For Sale

      Two-story office building with tenant in place until 2026.
      6836 Ashfield Dr, BLUE ASH, OH
      View Details
    • $590,000
      7,150 SF

      Blue Ash Office Space Opportunity

      Approved office space with ample parking and nearby amenities.
      4200 Cooper Rd, Blue Ash, OH
      View Details
    • $1,200,000
      14,000 SF

      Blue Ash Industrial Property

      14,000 SF industrial property for sale in Blue Ash.
      10843 Millington Ct, Blue Ash, OH
      View Details
    • $6,450,000
      110,503 SF

      Blue Ash Manufacturing Facility

      Manufacturing facility in Blue Ash with heavy infrastructure.
      4201 Malsbary Rd, Blue Ash , OH
      View Details
    • $1,200,000
      1,900 SF

      Prime Retail Space in Blue Ash

      Highly visible retail space in a desirable Blue Ash location.
      9124 Plainfield Rd, Blue Ash, OH 45236
      View Details
    • $625,000
      4,950 SF

      Blue Ash Office For Sale

      4,950 SqFt office space available in Blue Ash, OH.
      10855 Indeco Dr, Blue Ash, OH 45241
      View Details
    • $7,399,000
      35,083 SF

      Holiday Inn Express & Suites

      69-room hotel in Blue Ash, OH, renovated in 2009.
      4660 Creek Rd, Blue Ash, OH 45242
      View Details
    • $2,100
      2,000 SF

      High Visibility Office Space

      First floor office space with high visibility and easy access.
      9050 Plainfield Rd, Blue Ash, OH, 45236-1202
      View Details
    • $1,190,000
      16,760 SF

      Blue Ash Office Building

      Well-maintained office building in Blue Ash Business District.
      11223 Cornell Park Dr, Blue Ash, OH 45242
      View Details
    • Contact for pricing
      1,941 SF

      Blue Ash Office Space

      Office space available for lease in Blue Ash, Ohio.
      4675 Cornell Rd, Blue Ash, OH
      View Details
    • $4,490,000
      69,278 SF

      Industrial Space in Blue Ash

      69,070 SF industrial space available for lease.
      5000 Creek Rd, Blue Ash, OH
      View Details

    FAQs

    What type of property is this?
    Industrial property - Industrial property available for sale in Blue Ash, Ohio.
    Where is this industrial property located?
    The property is located at 10829-10843 Millington Ct Blue Ash, OH.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Industrial property available for sale; Located in Blue Ash, Ohio; Property type: Industrial
    (513) 769-2505 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Frank J Torbeck, SIOR
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    10829-10843 Millington Ct, Blue Ash, OH
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!