Six-Unit Mixed-Use
For Sale
$450,000
1085 Magie Ave, Fairfield, OH 45014
Four ground-floor retail suites sit beneath two apartments, with separate utilities and on-site parking.
Property Size7,653 SF
Price / SF$58.80
Days on Market11
Property Features for 1085 Magie Ave
General Information
Standard status
Active
Size
7,653 SF
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,680
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Sibcy Cline, Inc.
(513) 793-2121
Listed By:
Nat Comisar · License #2006000748
(513) 378-5801
Source:
Exprealty
Added: Oct 7
Changed: Oct 16
Last Checked: Oct 16 at 2:18PM
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 Sibcy Cline, Inc.
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Investment Insights
Based on property information with market context.
This 7,653-square-foot mixed-use building combines four retail spaces with two upstairs apartments. The property also has a full usable basement, separate utilities that include water, and on-site parking. Long-term tenants occupy the building.
The property is at 1085 Magie Ave in Fairfield, just off Dixie Hwy or Winton Rd.
The property is at 1085 Magie Ave in Fairfield, just off Dixie Hwy or Winton Rd.
Key Highlights
- Six‑unit building with four retail spaces and two upstairs apartments
- 7,653 square feet
- Separate utilities, including water
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,492
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$649,840
$649.8K
Cap Rate 7%
$464,171
$464.2K
Cap Rate 9%
$361,022
$361.0K
Market Conditions
NOI Build-Up for 7,653 SF
Gross rent
$49.6K $6.48/SF
− Vacancy
−$3.2K −$0.41/SF
EGI
$46.4K $6.07/SF
− OpEx
−$13.9K −$1.82/SF
NOI
$32.5K $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%
$649,840
Cap Rate 7%
$464,171
Cap Rate 9%
$361,022
Alternative Uses
Best Use
Retail
$464.2K
$406.2K – $541.5K
NOI $32,492 @ 7.0% cap · market cap 7.22%
Second Best
Mixed Use
$367.2K
$321.3K – $428.4K
NOI $25,706 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$1.51M
$1.32M – $1.77M
NOI $105,921 @ 7.0% cap · market cap 23.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
626
Businesses Nearby
Explore this area
Business Placement
Demographics for 45014, OH
46,169
Population
19,926
Households
2.3
Avg Household Size
40
Median Age
31%
College-Educated
91%
High-School Grad
22.6 sq mi
ZIP Area
2,043
Density / Sq Mi
$69,624
Median Household Income
$44,611
Median Earnings
$1,145
Median Rent
$215,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four ground-floor retail suites sit beneath two apartments, with separate utilities and on-site parking.
Where is this mixed-use property located?
The property is located at 1085 Magie Ave Fairfield, OH.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Six‑unit building with four retail spaces and two upstairs apartments; 7,653 square feet; Separate utilities, including water
