Blue Ash Industrial/Office
11297 Grooms Rd Blue Ash, OH
For Sale
Contact for pricing
10,000 SF building with office and warehouse space.
Property Size10,000 SF
Lot Size0.95 Acres
Price / SF$150
Days on Market324
Property Features for 11297 Grooms Rd
General Information
Standard status
Active
Size
10,000 SF
Lot size
0.95 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Colliers | Cincinnati
(513) 702-5951
Listed By:
John Schenk, SIOR, CCIM
(513) 702-5951
Source:
Moodyscre
Added: Sep 9, 2025
Changed: Jul 6
Last Checked: Jul 21 at 8:49AM
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 Colliers | Cincinnati
Investment Insights
Based on property information with market context.
This 10,000 square foot building includes approximately 6,000 square feet of office space and approximately 4,000 square feet of warehouse space. Constructed in 1978, the property features a clear height of approximately 16 feet. It has two dock doors, each measuring 8 feet by 8 feet, and two drive-in doors, each measuring 10 feet by 12 feet. There are 39 parking spaces available, which equates to 3.9 spaces per 1,000 square feet. The property is located in Blue Ash and is zoned BAN, Blue Ash North District, which supports a wide range of office and industrial uses, as well as some restaurant and retail uses. The property is 100% air conditioned. The current tenant's lease is in effect through 2030, with an occupancy rate of 100%. The Parcel ID is 612-0200-0261-00.
Key Highlights
- 100% Occupancy with a lease in place through 2030 provides immediate income.
- Versatile Zoning allows for a wide range of office, industrial, restaurant, and retail uses.
- Substantial Office Space (±6,000 SF) combined with Warehouse Space (±4,000 SF) offers flexibility.
Financial Insights For Office B
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 | $168.0k | $16.80 |
| − Vacancy | −$42.5k | −$4.25 |
| EGI | $125.5k | $12.55 |
| − OpEx | −$31.4k | −$3.14 |
| NOI | $94.1k | $9.41 |
10,000 SF · lease $16.80/SF/yr · vacancy 25.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.34M
$1.18M – $1.57M
NOI $94,122 @ 7.0% cap · market cap 6.27%
Second Best
Warehouse
$754.5K
$660.2K – $880.3K
NOI $52,817 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,496 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Circle Storage - Blue Ash North — 11573 Deerfield Rd, Cincinnati, OH 45242
- Circle Storage - Blue Ash South — 10988 Deerfield Rd, Blue Ash, OH 45242
- Shop Ohio — 11079 Deerfield Rd, Cincinnati, OH 45242
- Blue Ash Self Store & Lock — 11380 Grooms Rd, Cincinnati, OH 45242
- Mota Car Club — 11309 Deerfield Rd, Cincinnati, OH 45242
Frequently Asked Questions
What type of property is this?
Warehouse - 10,000 SF building with office and warehouse space.
Where is this warehouse located?
The property is located at 11297 Grooms Rd Blue Ash, OH.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 100% Occupancy with a lease in place through 2030 provides immediate income.; Versatile Zoning allows for a wide range of office, industrial, restaurant, and retail uses.; Substantial Office Space (±6,000 SF) combined with Warehouse Space (±4,000 SF) offers flexibility.
