Flex Space with Warehouse
11085 Montgomery Rd, Cincinnati, OH 45249
For Sale
New
Contact for pricing
Office and warehouse areas combine administrative space with dock access for loading.
Property Size31,465 SF
Days on Market2
Property Features for 11085 Montgomery Rd
General Information
Standard status
Size
Class
Property subtype
Lease Term
Additional Details
Highway Access
Building Details
Building Size
Year Built
Properties For Sale
at 11085 Montgomery Rd Contact us210
Size
1,225 SF
Type
Office Building
Term
Negotiable
230
Size
1,420 SF
Type
Office Building
Term
Negotiable
250
Size
2,160 SF
Type
Office Building
Term
Negotiable
Warehouse
Size
12,200 SF
Type
Warehouse/Distribution
Term
Negotiable
Listing Agency:
Astonish Commercial Real Estate Services
Listed By:
Michael Bergman · License #OH #BRKM.2020007859
(678) 696-6965
Source:
Corfac
Added: Nov 6
Last Checked: Nov 6 at 2:41PM
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 Astonish Commercial Real Estate Services
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1998, this flex property in Symmes Township includes office space ranging from 1,225 to 4,805 SF +/- and a 12,200 SF +/- warehouse. The warehouse has three dock doors and 18' of clear height.
The property is minutes from I-275 and I-71, with access to both interstate routes from its Symmes Township location.
The property is minutes from I-275 and I-71, with access to both interstate routes from its Symmes Township location.
Key Highlights
- Office suites range from 1,225 to 4,805 SF +/-
- 12,200 SF +/- warehouse with 3 dock doors
- Warehouse offers 18' clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$154,038
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,080,760
$3.1M
Cap Rate 7%
$2,200,543
$2.2M
Cap Rate 9%
$1,711,533
$1.7M
Market Conditions
NOI Build-Up for 31,465 SF
Gross rent
$234.1K $7.44/SF
− Vacancy
−$14.0K −$0.45/SF
EGI
$220.1K $6.99/SF
− OpEx
−$66.0K −$2.10/SF
NOI
$154.0K $4.90/SF
Area
Cincinnati, OH
Vacancy
6.00%
Lease Rate
$7.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,080,760
Cap Rate 7%
$2,200,543
Cap Rate 9%
$1,711,533
Alternative Uses
Best Use
Flex RnD
$3.91M
$3.42M – $4.56M
NOI $273,897 @ 7.0% cap · market cap 2,738,970.00%
Second Best
Warehouse
$2.63M
$2.30M – $3.07M
NOI $184,061 @ 7.0% cap · market cap 1,840,610.00%
Theoretical Best
Office A
$6.25M
$5.47M – $7.30M
NOI $437,836 @ 7.0% cap · market cap 4,378,360.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
880
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45249, OH
14,005
Population
5,740
Households
2.4
Avg Household Size
40
Median Age
71%
College-Educated
97%
High-School Grad
6.8 sq mi
ZIP Area
2,060
Density / Sq Mi
$107,227
Median Household Income
$68,477
Median Earnings
$1,476
Median Rent
$484,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Cincinnati, OH
Properties on Market for Flex space in Cincinnati
Vacancy Rate% for Industrial in Cincinnati, OH
Similar Off Market Nearby
- Aynie's Catering — 10750 Montgomery Rd, Montgomery, OH 45242
- Firehouse Subs Skyline Plaza — 10869 Montgomery Rd, Cincinnati, OH 45242
Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse areas combine administrative space with dock access for loading.
Where is this flex space located?
The property is located at 11085 Montgomery Rd Cincinnati, OH.
What are key features of this property?
This property features: Office suites range from 1,225 to 4,805 SF +/-; 12,200 SF +/- warehouse with 3 dock doors; Warehouse offers 18' clear height
