Mixed-Use Property with
1195 Hicks Blvd., Fairfield, OH 45014
For Sale
$1,200,000
Commercial Sale, Fairfield, OH
Property Size6,500 SF
Price / SF$184.62
Days on Market175
Property Features for 1195 Hicks Blvd.
General Information
Property type
Property subtype
Directions
Subdivision
Standard status
Utilities
Heating system
Building Details
Year built
Flooring type
Building materials
Roof type
Listing Agency:
OwnerLand Realty, Inc.
(513) 600-2512
Listed By:
Thuy Nguyen-Meyer
(513) 479-1324
Added: May 19
Changed: Oct 7
Last Checked: Nov 9 at 1:06PM
MLS# 1879612
Copyright © 2026 MLS of Greater Cincinnati, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The property consists of two commercial buildings: a front building with approximately 2,500 square feet of retail and commercial space, and a rear warehouse measuring 4,000 square feet. The warehouse has four loading docks. The site also includes 24 parking spaces, two updated bathrooms, and a spacious kitchen area. Tile flooring, central heating, wood siding, and a metal roof are among the property’s features. The buildings were constructed in 1980.
A marketplace business currently occupies the property, and the tenant has indicated interest in staying. Nearby businesses and amenities include a Wawa gas station, shopping centers, and restaurants.
A marketplace business currently occupies the property, and the tenant has indicated interest in staying. Nearby businesses and amenities include a Wawa gas station, shopping centers, and restaurants.
Key Highlights
- Two commercial buildings: approximately 2,500 square feet of front retail/commercial space and a 4,000‑square‑foot rear warehouse
- Rear warehouse has four loading docks
- 24 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,645
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$992,900
$992.9K
Cap Rate 7%
$709,214
$709.2K
Cap Rate 9%
$551,611
$551.6K
Market Conditions
NOI Build-Up for 6,500 SF
Gross rent
$62.4K $9.60/SF
− Vacancy
−$4.0K −$0.61/SF
EGI
$58.4K $8.99/SF
− OpEx
−$8.8K −$1.35/SF
NOI
$49.6K $7.64/SF
Area
Butler County, OH
Vacancy
6.40%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$992,900
Cap Rate 7%
$709,214
Cap Rate 9%
$551,611
Alternative Uses
Best Use
Warehouse
$709.2K
$620.6K – $827.4K
NOI $49,645 @ 7.0% cap · market cap 4.14%
Second Best
Retail
$394.2K
$345.0K – $460.0K
NOI $27,597 @ 7.0% cap · market cap 2.30%
Theoretical Best
Office A
$1.29M
$1.12M – $1.50M
NOI $89,963 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
4
Dock-high doors
Location Intelligence
Trade Area within ½ mile
653
Businesses Nearby
Explore this area
Business Placement
Demographics for 45014, OH
46,169
Population
19,926
Households
2.3
Avg Household Size
40
Median Age
31%
College-Educated
91%
High-School Grad
22.6 sq mi
ZIP Area
2,043
Density / Sq Mi
$69,624
Median Household Income
$44,611
Median Earnings
$1,145
Median Rent
$215,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two buildings combine customer-facing commercial space with rear warehouse capacity and loading access.
Where is this mixed-use property located?
The property is located at 1195 Hicks Blvd. Fairfield, OH.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two commercial buildings: approximately 2,500 square feet of front retail/commercial space and a 4,000‑square‑foot rear warehouse; Rear warehouse has four loading docks; 24 parking spaces
