Free Standing Warehouse
1111 Tennessee Ave Cincinnati, OH 45229
For Sale
$649,000
Free standing 9,000 SF warehouse/flex/retail building with fenced outdoor storage and three 10' x 10' overhead doors.
Property Size9,000 SF
Price / SF$72.11
Days on Market156
Property Features for 1111 Tennessee Ave
General Information
- Standard status
- Active
- Size
- 9,000 SF
- Property subtype
- Street Retail
Building Details
- Year Built
- 1971
Listing Agency:
NAI | Bergman
(513) 769-1700
Listed By:
David Metz · License #SAL.2002005228
(513) 769-1700
Source:
Thebrokerlist
Added: Feb 18
Changed: Jul 23
Last Checked: Jul 23 at 10:23AM
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 NAI | Bergman
Investment Insights
Based on property information with market context.
The property is a free standing 9,000 SF warehouse/flex/retail building. The facility includes fenced outdoor storage and three overhead doors sized 10' x 10'. Ceiling height reaches 11'2".
The building is located on Tennessee Ave near Paddock Road within Norwood Lateral. Access is described as Paddock Rd to Tennessee Ave.
Recent improvements include new HVAC installed in 2021. The property also features large pylon signage.
The building is located on Tennessee Ave near Paddock Road within Norwood Lateral. Access is described as Paddock Rd to Tennessee Ave.
Recent improvements include new HVAC installed in 2021. The property also features large pylon signage.
Key Highlights
- Free‑standing 9,000 SF warehouse/flex/retail building on Tennessee Ave near Paddock Rd
- Warehouse/flex/retail space plus fenced outdoor storage
- Three 10' x 10' overhead doors
Financial Insights For Warehouse
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 | $67.0k | $7.44 |
| − Vacancy | −$5.0k | −$0.56 |
| EGI | $61.9k | $6.88 |
| − OpEx | −$9.3k | −$1.03 |
| NOI | $52.6k | $5.85 |
9,000 SF · lease $7.44/SF/yr · vacancy 7.50% · expense 15.00%
Alternative Uses
Best Use
Retail
$1.48M
$1.30M – $1.73M
NOI $103,761 @ 7.0% cap · market cap 15.99%
Second Best
Flex RnD
$1.12M
$979.3K – $1.31M
NOI $78,343 @ 7.0% cap · market cap 12.07%
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,235 @ 7.0% cap · market cap 19.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Cincy Tool Rental
Rental Equipment Company
FAQs
What type of property is this?
Flex space - Free standing 9,000 SF warehouse/flex/retail building with fenced outdoor storage and three 10' x 10' overhead doors.
Where is this flex space located?
The property is located at 1111 Tennessee Ave Cincinnati, OH.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Free‑standing 9,000 SF warehouse/flex/retail building on Tennessee Ave near Paddock Rd; Warehouse/flex/retail space plus fenced outdoor storage; Three 10' x 10' overhead doors
