Two-Story Flex Space with Freight
For Sale
$995,000
109 S Wayne Avenue, Lockland, OH 45215
COMMERCIAL - Lockland, OH
Property Size12,000 SF
Lot Size0.46 Acres
Price / SF$82.92
Days on Market211
Property Features for 109 S Wayne Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Wyoming Avenue to Wayne Avenue
Subdivision
Hamilton-E03
Standard status
Active
Lot size
0.46 Acres
Utilities
Heating system
Natural Gas
Building Details
Flooring type
Concrete, Tile
Building materials
Block, Metal Siding
Roof type
Metal
Listing Agency:
Huff Realty
(513) 474-3500
Listed By:
Deron Schell · License #231105
(513) 792-3004
Added: Jan 6
Changed: Aug 4
Last Checked: Aug 5 at 10:06PM
MLS# 1865260
Copyright © 2026 MLS of Greater Cincinnati, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Two-story flex space at 109 S Wayne Avenue in Lockland, OH, offering approximately 12k SF of usable space over two floors. The property includes freight elevator accessibility to the second floor, along with a side drive-in door designed for loading and convenient movement of goods. Off-street parking is available for 12+ cars.
The building is constructed with block and metal siding, with concrete and tile flooring. Heating is provided via natural gas, and the roof is metal. The property is identified with a general commercial zoning classification, and a use sheet is referenced for potential uses.
The site sits on a 0.463-acre lot, supporting a flexible layout suitable for businesses that need both office/service space and practical access for deliveries.
The building is constructed with block and metal siding, with concrete and tile flooring. Heating is provided via natural gas, and the roof is metal. The property is identified with a general commercial zoning classification, and a use sheet is referenced for potential uses.
The site sits on a 0.463-acre lot, supporting a flexible layout suitable for businesses that need both office/service space and practical access for deliveries.
Key Highlights
- Approximately 12k SF over two floors
- Freight elevator access to the second floor
- Side drive‑in door for loading
Financial Insights For Flex RnD
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 | $144.0k | $12.00 |
| − Vacancy | −$10.1k | −$0.84 |
| EGI | $133.9k | $11.16 |
| − OpEx | −$46.9k | −$3.91 |
| NOI | $87.0k | $7.25 |
12,000 SF · lease $12.00/SF/yr · vacancy 7.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.24M
$1.09M – $1.45M
NOI $87,048 @ 7.0% cap · market cap 8.75%
Second Best
Warehouse
$1.00M
$877.5K – $1.17M
NOI $70,196 @ 7.0% cap · market cap 7.05%
Theoretical Best
Office A
$2.60M
$2.27M – $3.03M
NOI $181,707 @ 7.0% cap · market cap 18.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
548
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45215, OH
30,993
Population
13,735
Households
2.3
Avg Household Size
38
Median Age
35%
College-Educated
92%
High-School Grad
12.0 sq mi
ZIP Area
2,583
Density / Sq Mi
$71,949
Median Household Income
$45,976
Median Earnings
$954
Median Rent
$200,100
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Wyoming Meat Market — 513 Wyoming Ave, Cincinnati, OH 45215
- Moe's Eats & Treats — 623 Mc Laren Ave, Lockland, OH 45215
- A Lil Taste of Soul llc Food Truck and Catering — 607 Shepherd Dr 11 &12, Cincinnati, OH 45215
Frequently Asked Questions
What type of property is this?
Flex space - Two-story flex space with freight elevator access to the second floor and off-street parking for 12+ cars.
Where is this flex space located?
The property is located at 109 S Wayne Avenue Lockland, OH.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Approximately 12k SF over two floors; Freight elevator access to the second floor; Side drive‑in door for loading
