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    Industrial Space in Blue Ash Title is generated by Realmo AI

    5000 Creek Rd, Blue Ash, OH

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    69,070 SF industrial space available for lease.

    Type:INDUSTRIAL
    Property size:
    69,278 SF
    Lot size:
    4.95 Acres
    Price / SF:
    $64/SF
    Added:
    Jun 13, 2024
    Days on Market:
    738
    Last Refresh:
    May 20 at 8:18 pm

    Property Features for 5000 Creek Rd

    General Information

    Standard status
    Active
    Size
    69,278 SF
    Lot size
    4.95 Acres
    Property subtype
    INDUSTRIAL

    Properties For Sale

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    Listing Contact
    John Gartner
    John Gartner

    Listing agent John Gartner

    Listing office Colliers | Cincinnati

    Listing date Jun 13, 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 Colliers | Cincinnati

    HighLights

    • 69,070 SF of industrial space available for lease.
    • Located in Blue Ash, OH.
    • 1.1 miles to I‑71.
    • Multiple access points to I‑71.
    • Multiple access points to I‑275.
    • Zoned BAN (Blue Ash North).

    Overview

    This property offers 69,070 square feet of industrial space available for lease in Blue Ash, Ohio. The location provides convenient access, situated just 1.1 miles from I-71. Multiple access points to both I-71 and I-275 enhance connectivity. The property is zoned BAN (Blue Ash North).

    Local Financial Insights For Warehouse

    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 $440.6k $6.36
    − Vacancy −$10.1k −$0.15
    EGI $430.5k $6.21
    − OpEx −$64.6k −$0.93
    NOI $365.9k $5.28
    69,278 SF · lease $6.36/SF/yr · vacancy 2.30% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $5.23M
    $4.57M – $6.10M (±1% cap)
    NOI $365,903 @ 7.0% cap · market cap 8.15%
    Second Best
    Industrial
    $4.30M
    $3.77M – $5.02M (±1% cap)
    NOI $301,332 @ 7.0% cap · market cap 6.71%
    Theoretical Best
    Office A
    $12.42M
    $10.87M – $14.49M (±1% cap)
    NOI $869,411 @ 7.0% cap · market cap 19.36%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Blue Ash
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.3721
    Latitude
    39.259

    FAQs

    What type of property is this?
    Warehouse - 69,070 SF industrial space available for lease.
    Where is this warehouse located?
    The property is located at 5000 Creek Rd Blue Ash, OH.
    What is the asking price?
    The asking price for this property is $4,490,000.
    What are key features of this property?
    This property features: 69,070 SF of industrial space available for lease.; Located in Blue Ash, OH.; 1.1 miles to I‑71.
    (513) 460-3321 Call to check price and availability
    More about this property
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