Loveland Industrial Building For
For Sale
$6,900,000
107 Northeast Drive, Loveland, OH 45140
70,155 SF Warehouse and Office on 4.14 acres in Prime Location
Property Size70,350 SF
Lot Size4.14 Acres
Price / SF$98.08
Days on Market634
Property Features for 107 Northeast Drive
General Information
Standard status
Active
Property type
Other industrial properties, Manufacturing properties, Other specialty properties, Industrial properties, Specialty properties
Size
70,350 SF
Class
B
Elevators
N/A
Lot size
4.14 Acres
Investment Type
Owner User
Building Details
Year Built
2005
Listed By:
Nat Comisar
(513) 378-5801
Added: Jan 9, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
This 70,350 square foot industrial building is available for sale in Loveland, Ohio. Situated on a 4.14-acre lot, the property features warehouse and office space. The warehouse includes seven loading docks, with four equipped with pit levelers, and two drive-in doors. Ceiling heights range from 20 to 23 feet. Ample concrete truck parking is available on-site. The property is located in Loveland, Ohio and offers access to major transportation routes.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$305,995
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,119,900
$6.1M
Cap Rate 7%
$4,371,357
$4.4M
Cap Rate 9%
$3,399,944
$3.4M
Market Conditions
NOI Build-Up for 70,350 SF
Gross rent
$447.4K $6.36/SF
− Vacancy
−$10.3K −$0.15/SF
EGI
$437.1K $6.21/SF
− OpEx
−$131.1K −$1.86/SF
NOI
$306.0K $4.35/SF
Area
Hamilton County, OH
Vacancy
2.30%
Lease Rate
$6.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,119,900
Cap Rate 7%
$4,371,357
Cap Rate 9%
$3,399,944
Alternative Uses
Best Use
Industrial
$4.37M
$3.82M – $5.10M
NOI $305,995 @ 7.0% cap · market cap 4.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.61M
$11.04M – $14.71M
NOI $882,864 @ 7.0% cap · market cap 12.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
60
Businesses Nearby
Explore this area
Business Placement
Demographics for 45140, OH
56,386
Population
22,684
Households
2.5
Avg Household Size
40
Median Age
53%
College-Educated
97%
High-School Grad
44.1 sq mi
ZIP Area
1,279
Density / Sq Mi
$110,781
Median Household Income
$58,882
Median Earnings
$1,379
Median Rent
$340,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - 70,155 SF Warehouse and Office on 4.14 acres in Prime Location
Where is this industrial property located?
The property is located at 107 Northeast Drive Loveland, OH.
What is the asking price?
The asking price for this property is $6,900,000.
