1195 Hicks Boulevard Fairfield, OH 45014
High-traffic location with retail space and warehouse.
Property Features for 1195 Hicks Boulevard
General Information
- Standard status
- Active
- Size
- 6,500 SF
- Property subtype
- Retail, Mixed Use
Building Details
- Year Built
- 1980
Listing office OwnerLand Realty
Listing date May 22, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- High‑traffic commercial corridor location with excellent visibility.
- Immediate rental income potential with established tenant.
- Two buildings: 2,500 sq ft retail/commercial space and 4,000 sq ft warehouse.
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 | $62.4k | $9.60 |
| − Vacancy | −$4.0k | −$0.61 |
| EGI | $58.4k | $8.99 |
| − OpEx | −$8.8k | −$1.35 |
| NOI | $49.6k | $7.64 |
