Renovated Distribution
For Sale
$6,000,000
1155 Old State Route 74, Batavia, OH 45103
PD zoning accommodates industrial, warehouse, and distribution operations.
Property Size60,497 SF
Price / SF$99.18
Days on Market67
Property Features for 1155 Old State Route 74
General Information
Standard status
Active
Size
60,497 SF
Property subtype
Industrial
Zoning
PD
Occupancy
100%
Warehouse & Industrial
Dock-High Doors
3
Drive-In Doors
8
Building Details
Building Size
60,497 SF
Year Built
1978
Year Renovated
2022
Buildings
1
Listing Agency:
J.A. Trautmann Realty, Inc., W
(513) 315-7351
Listed By:
Tim Trautmann · License #OH #2007004222
(513) 315-7351
Source:
Jatrealtors
Added: Jun 25
Changed: Aug 30
Last Checked: Aug 30 at 1:18PM
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 J.A. Trautmann Realty, Inc., W
Investment Insights
Based on property information with market context.
The 60,497-square-foot distribution facility was built in 1978 and renovated in 2022. Its loading configuration includes 8 drive-in doors and 3 dock doors, supporting warehouse and distribution functions. The property is fully occupied and is positioned for continued use as an industrial, warehouse, or distribution asset.
Located at 1155 Old State Route 74 in Batavia, Ohio, the building offers a defined industrial setting for logistics-oriented users. PD zoning provides for the industrial, warehouse, and distribution uses identified for the property. The existing occupancy provides an established operating status for an owner or investor.
Located at 1155 Old State Route 74 in Batavia, Ohio, the building offers a defined industrial setting for logistics-oriented users. PD zoning provides for the industrial, warehouse, and distribution uses identified for the property. The existing occupancy provides an established operating status for an owner or investor.
Key Highlights
- 60,497 SF distribution facility
- Renovated in 2022; originally built in 1978
- 8 drive‑in doors and 3 dock doors
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
$384,249
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
6.40%
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%
$7,684,980
$7.7M
Cap Rate 7%
$5,489,271
$5.5M
Cap Rate 9%
$4,269,433
$4.3M
Market Conditions
NOI Build-Up for 60,497 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
$471.9K $7.80/SF
− Vacancy
−$19.8K −$0.33/SF
EGI
$452.1K $7.47/SF
− OpEx
−$67.8K −$1.12/SF
NOI
$384.2K $6.35/SF
Area
Clermont County, OH
Vacancy
4.20%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
15.00%
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%
$7,684,980
Cap Rate 7%
$5,489,271
Cap Rate 9%
$4,269,433
Alternative Uses
Best Use
Warehouse
$5.49M
$4.80M – $6.40M
NOI $384,249 @ 7.0% cap · market cap 6.40%
Second Best
Industrial
$4.52M
$3.96M – $5.27M
NOI $316,440 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$10.85M
$9.49M – $12.65M
NOI $759,213 @ 7.0% cap · market cap 12.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Dock-high doors
8
Drive-in doors
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
168
Businesses Nearby
Explore this area
Business Placement
Demographics for 45103, OH
35,237
Population
14,928
Households
2.4
Avg Household Size
39
Median Age
27%
College-Educated
90%
High-School Grad
85.3 sq mi
ZIP Area
413
Density / Sq Mi
$81,837
Median Household Income
$45,027
Median Earnings
$1,050
Median Rent
$242,700
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Distribution center - PD zoning accommodates industrial, warehouse, and distribution operations.
Where is this distribution center located?
The property is located at 1155 Old State Route 74 Batavia, OH.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: 60,497 SF distribution facility; Renovated in 2022; originally built in 1978; 8 drive‑in doors and 3 dock doors
