Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1103 Allen Dr Milford, OH

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Single-occupant office building with efficient floorplate and ample parking.

    Type:OFFICE
    Property size:
    31,363 SF
    Lot size:
    4.97 Acres
    Price / SF:
    $175/SF
    Added:
    Dec 19, 2024
    Days on Market:
    496
    Last Refresh:
    Apr 5 at 9:19 pm

    Property Features for 1103 Allen Dr

    General Information

    Standard status
    Active
    Size
    31,363 SF
    Lot size
    4.97 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Darin J. Armbruster

    Listing agent Darin J. Armbruster

    Listing office Newmark | Cincinnati

    Listing date Dec 19, 2024

    Source Moodyscre

    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

    Overview

    Move-in Ready Office Building

    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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Total Quality Logistics Logistics Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Clermont
    State
    Ohio
    Longitude
    -84.2366
    Latitude
    39.191

    Nearby Similar for Sale

    • $359,900

      Renovated Office with High Visibility

      Renovated office space with signage and ample parking.
      1 Crestview Drive, Milford, OH 45150
      View Details
    • $795,000
      3,038 SF

      Georgian Revival on 3.26 Acres

      Versatile property with development potential in rapidly growing Milford/Miami Township.
      1311 US Rt 50, Miami Twp, OH 45150
      View Details
    • $275,000
      2,304 SF

      Spacious Medical Office Near I-275

      Large 2304 SF medical office near I-275 in Milford, OH.
      5724 Signal Hill Court, Milford, OH 45150
      View Details
    • $499,000

      Office with High Traffic Frontage

      Office building with flexible space and high traffic visibility.
      1030 Main Street, Milford, OH 45150
      View Details
    • $1.00

      Renovated Office with High Visibility

      Fully renovated office space with high visibility and ample parking.
      1 Crestview Drive, Milford, OH 45150
      View Details
    • $10

      Park 50 TechneCenter in Milford

      Business and office park near I-275 in Cincinnati metro area.
      1001 Ford Circle, Milford, OH 45150
      View Details
    • Contact for pricing
      8,000 SF

      Class A Office Space

      Class A office space in a professional campus setting.
      400 Techne Center Dr, Milford, OH
      View Details
    • Contact for pricing
      69,815 SF

      Multi-Tenant Office Building For Sale

      Multi-tenant office building in Milford, Ohio, near I-275.
      400 Techne Center Dr, Milford, OH 45150
      View Details
    • Contact for pricing
      88,031 SF

      Multi-Tenant Industrial Asset in Milford

      88,031 SF multi-tenant industrial asset with leasing upside.
      50 W Techne Center Dr | Milford, OH 45150
      View Details
    • Contact for pricing
      5,448 SF

      Former Restaurant Building on Lila

      5,449 SF building on 1.49 acres in Milford, OH.
      840 Lila Ave, Milford, OH
      View Details
    • Contact for pricing
      6,051 SF

      Milford Flex Space Available

      Well-maintained flex space in a park-like setting near I-275.
      50 W Techne Center Dr, Milford, OH
      View Details
    • Contact for pricing
      80,000 SF

      Milford Office Building with Atrium

      Office building featuring atrium, auditorium, and ample parking.
      2000 Salk Dr, Milford, OH
      View Details

    FAQs

    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 $5,500,000.
    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
    (513) 317-1611 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Darin J. Armbruster
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!