Move-in Ready Office
For Sale
Contact for pricing
1103 Allen Dr, Milford, OH
Single-occupant office building with efficient floorplate and ample parking.
Property Size31,363 SF
Lot Size4.97 Acres
Price / SF$156.24
Days on Market677
Property Features for 1103 Allen Dr
General Information
Standard status
Active
Size
31,363 SF
Lot size
4.97 Acres
Property subtype
OFFICE
Lease Type
Modified Gross
Properties For Sale
at 1103 Allen Dr
1103 Allen Dr
AVAILABLE, Now
Floor
Bldg
Size
31,363 SF
Type
OFFICE
Lease Type
MODIFIED_GROSS
Sublease
No
• Move-in ready condition
• Single-occupant control, branding and security
• Back-up generator with UPS
• 9/1,000 SF parking ratio
• Efficient floorplate
• Floor to ceiling windows
• All new window blinds in 2021
GISP ID: 2a8ed3ef-c678-40b1-b043-a1ca886ffd27
Contact us
Listing Agency:
Newmark | Cincinnati
(513) 241-2300
Listed By:
Darin J. Armbruster
(513) 317-1611
Source:
Moodyscre
Added: Dec 19, 2024
Changed: Sep 2
Last Checked: Oct 26 at 7:26PM
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 Newmark | Cincinnati
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 office building offers a move-in ready condition suitable for single-occupant control, branding, and security. The property features a back-up generator with UPS. Parking is available at a ratio of 9 per 1,000 square feet. The building has an efficient floorplate and floor-to-ceiling windows. All window blinds were replaced in 2021. The property has a size of 31,363 square feet.
Key Highlights
- Move‑in ready condition
- 9/1,000 SF parking ratio
- Back‑up generator with UPS
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$295,195
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,903,900
$5.9M
Cap Rate 7%
$4,217,071
$4.2M
Cap Rate 9%
$3,279,944
$3.3M
Market Conditions
NOI Build-Up for 31,363 SF
Gross rent
$526.9K $16.80/SF
− Vacancy
−$133.3K −$4.25/SF
EGI
$393.6K $12.55/SF
− OpEx
−$98.4K −$3.14/SF
NOI
$295.2K $9.41/SF
Area
Clermont County, OH
Vacancy
25.30%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,903,900
Cap Rate 7%
$4,217,071
Cap Rate 9%
$3,279,944
Alternative Uses
Best Use
Office B
$4.22M
$3.69M – $4.92M
NOI $295,195 @ 7.0% cap · market cap 6.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.62M
$4.92M – $6.56M
NOI $393,593 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
404
Businesses Nearby
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Single-occupant office building with efficient floorplate and ample parking.
Where is this office building located?
The property is located at 1103 Allen Dr Milford, OH.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: Move‑in ready condition; 9/1,000 SF parking ratio; Back‑up generator with UPS
