Free Standing Retail/Office
5250 Dixie Hwy Fairfield, OH
5250 Dixie Hwy, Fairfield, OH, 00000
Contact for pricing
For Sale
Contact for pricing
Vacant 15,050 SF building suitable for retail or office.
Property Size15,050 SF
Lot Size2.01 Acres
Price / SF$89.70
Days on Market1162
Property Features for 5250 Dixie Hwy
General Information
- Standard status
- Active
- Size
- 15,050 SF
- Lot size
- 2.01 Acres
- Property subtype
- RETAIL
Listing Agency
North Ridge Realty Group
(513) 504-8232
Listed by
Marshall Stretch · License #OH 2008004113
(513) 504-8232
Source
Moodyscre
Added: May 16, 2023 Updated: Jul 6 at 10:14 am Checked: Jul 20 at 3:51 am
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 North Ridge Realty Group
Investment Insights
Based on property information with market context.
This is a vacant 15,050 square foot free-standing building suitable for retail or office use. It is ideal for an owner/occupant or investor. The building is currently configured as a five-tenant building but could be converted to a single-tenant occupancy. It features separate utilities for each unit. Previous uses of the property include a restaurant, salon/massage business, jeweler, grocery store, and detail shop.
Key Highlights
- Vacant 15,050 SF free standing building suitable for retail or office use.
- Ideal for owner/occupant or investor.
- Currently configured as a 5‑tenant building, offering potential for multiple income streams.
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 | $97.5k | $6.48 |
| − Vacancy | −$6.2k | −$0.41 |
| EGI | $91.3k | $6.07 |
| − OpEx | −$27.4k | −$1.82 |
| NOI | $63.9k | $4.25 |
15,050 SF · lease $6.48/SF/yr · vacancy 6.40% · expense 30.00%
Alternative Uses
Best Use
Office B
$2.45M
$2.14M – $2.86M
NOI $171,398 @ 7.0% cap · market cap 12.70%
Second Best
Retail
$912.8K
$798.7K – $1.06M
NOI $63,898 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$2.98M
$2.60M – $3.47M
NOI $208,298 @ 7.0% cap · market cap 15.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Vacant 15,050 SF building suitable for retail or office.
Where is this retail space located?
The property is located at 5250 Dixie Hwy Fairfield, OH.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Vacant 15,050 SF free standing building suitable for retail or office use.; Ideal for owner/occupant or investor.; Currently configured as a 5‑tenant building, offering potential for multiple income streams.
