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 Market589
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
Listing Agency:
(513) 378-5801
Listed By:
Nat
(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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$367,978
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,359,560
$7.4M
Cap Rate 7%
$5,256,829
$5.3M
Cap Rate 9%
$4,088,644
$4.1M
Market Conditions
NOI Build-Up for 70,350 SF
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.
Gross rent
$548.7K $7.80/SF
− Vacancy
−$23.0K −$0.33/SF
EGI
$525.7K $7.47/SF
− OpEx
−$157.7K −$2.24/SF
NOI
$368.0K $5.23/SF
Area
Clermont County, OH
Vacancy
4.20%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,359,560
Cap Rate 7%
$5,256,829
Cap Rate 9%
$4,088,644
Alternative Uses
Best Use
Industrial
$5.26M
$4.60M – $6.13M
NOI $367,978 @ 7.0% cap · market cap 5.33%
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
Property Profile
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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.
