Move-in Ready Office
1103 Allen Dr Milford, OH
For Sale
Contact for pricing
Single-occupant office building with efficient floorplate and ample parking.
Property Size31,363 SF
Lot Size4.97 Acres
Price / SF$156.24
Days on Market587
Property Features for 1103 Allen Dr
General Information
Standard status
Active
Size
31,363 SF
Lot size
4.97 Acres
Property subtype
OFFICE
Listing Agency:
Newmark | Cincinnati
(513) 317-1611
Listed By:
Darin J. Armbruster
(513) 317-1611
Source:
Moodyscre
Added: Dec 19, 2024
Changed: Jul 6
Last Checked: Jul 21 at 6:43AM
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 Newmark | Cincinnati
Investment Insights
Based on property information with market context.
This office building offers a move-in ready condition suitable for single-occupant control, branding, and security. The property features a back-up generator with UPS. Parking is available at a ratio of 9 per 1,000 square feet. The building has an efficient floorplate and floor-to-ceiling windows. All window blinds were replaced in 2021. The property has a size of 31,363 square feet.
Key Highlights
- Move‑in ready condition
- 9/1,000 SF parking ratio
- Back‑up generator with UPS
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 | $526.9k | $16.80 |
| − Vacancy | −$133.3k | −$4.25 |
| EGI | $393.6k | $12.55 |
| − OpEx | −$98.4k | −$3.14 |
| NOI | $295.2k | $9.41 |
31,363 SF · lease $16.80/SF/yr · vacancy 25.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.22M
$3.69M – $4.92M
NOI $295,195 @ 7.0% cap · market cap 6.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.62M
$4.92M – $6.56M
NOI $393,593 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Single-occupant office building with efficient floorplate and ample parking.
Where is this office building located?
The property is located at 1103 Allen Dr Milford, OH.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: Move‑in ready condition; 9/1,000 SF parking ratio; Back‑up generator with UPS
