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    Fairfield Retail Center For Sale Title is generated by Realmo AI

    4727-4785 Dixie Hwy, Fairfield, OH

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    Fully occupied retail center in Fairfield, Ohio with upside potential.

    Type:RETAIL
    Property size:
    96,313 SF
    Lot size:
    7.55 Acres
    Price / SF:
    $81/SF
    Added:
    Dec 3, 2024
    Days on Market:
    557
    Last Refresh:
    May 20 at 8:21 pm

    Property Features for 4727-4785 Dixie Hwy

    General Information

    Standard status
    Active
    Size
    96,313 SF
    Lot size
    7.55 Acres
    Property subtype
    RETAIL

    Properties For Sale

    at 4727-4785 Dixie Hwy Contact us

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    Listing Contact
    Dan Lewkowicz

    Listing agent Dan Lewkowicz License #MI 6502378067

    Listing office Encore Real Estate Investment Services

    Listing date Dec 3, 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 Encore Real Estate Investment Services

    HighLights

    • Fully occupied retail center with high visibility and easy access.
    • Prime retail location in Fairfield, Ohio (Cincinnati MSA).
    • High traffic count: Over 27,200 vehicles per day.
    • Strong demographics: Over 168,400 residents and $93,600 average household income within 5 miles.
    • Below market rent of $7.05 PSF with upside potential.
    • 11 of 13 tenants on NNN leases with CAM reimbursements.

    Overview

    This 96,313 square foot retail building is located in Fairfield, Ohio, within the Cincinnati MSA. The property features 13 suites and benefits from high visibility and ease of access. The location experiences traffic volume exceeding 27,200 vehicles per day, along with strong foot traffic and an established local presence. The surrounding area has a total population exceeding 168,400 residents within a 5-mile radius, with an average household income exceeding $93,600 within the same radius. Currently, 11 of the 13 tenants operate under NNN leases with CAM reimbursements. The property has below-market rent of $7.05 per square foot, indicating strong upside potential in raising rents.

    Local Financial Insights For Retail

    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 $624.1k $6.48
    − Vacancy −$39.9k −$0.41
    EGI $584.2k $6.07
    − OpEx −$175.2k −$1.82
    NOI $408.9k $4.25
    96,313 SF · lease $6.48/SF/yr · vacancy 6.40% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $5.84M
    $5.11M – $6.82M (±1% cap)
    NOI $408,916 @ 7.0% cap · market cap 5.22%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $19.04M
    $16.66M – $22.22M (±1% cap)
    NOI $1,333,012 @ 7.0% cap · market cap 17.03%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    • Car lot — 4597 Dixie Hwy, Fairfield, OH 45014

    Location Insight

    • Map
    • Local Demand
    City
    Fairfield
    County
    Butler
    State
    Ohio
    Longitude
    -84.5425
    Latitude
    39.3474

    FAQs

    What type of property is this?
    Shopping center - Fully occupied retail center in Fairfield, Ohio with upside potential.
    Where is this shopping center located?
    The property is located at 4727-4785 Dixie Hwy Fairfield, OH.
    What is the asking price?
    The asking price for this property is $7,827,960.
    What are key features of this property?
    This property features: Fully occupied retail center with high visibility and easy access.; Prime retail location in Fairfield, Ohio (Cincinnati MSA).; High traffic count: Over 27,200 vehicles per day.
    (248) 702-0626 Call to check price and availability
    More about this property
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