Flex Space with Loading
For Sale
$1,200,000
1195 Hicks Blvd., Fairfield, OH 45014
Commercial Sale, Fairfield, OH
Property Size6,500 SF
Price / SF$184.62
Days on Market141
Property Features for 1195 Hicks Blvd.
General Information
Property type
Residential
Property subtype
Retail
Directions
Dixie Hwy to Hicks Blvd.
Subdivision
Butler-W13
Standard status
Active
Utilities
Heating system
Central
Amenities
updated bathrooms
spacious kitchen area
Building Details
Year built
1980
Flooring type
Tile
Building materials
Wood Siding
Roof type
Metal
Listing Agency:
OwnerLand Realty, Inc.
(513) 600-2512
Listed By:
Thuy Nguyen-Meyer
(513) 479-1324
Added: May 19
Changed: Sep 29
Last Checked: Oct 6 at 2:06PM
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.
Investment Insights
Based on property information with market context.
This flex-space property consists of two commercial buildings totaling approximately 6,500 square feet. The front structure provides approximately 2,500 square feet of retail or commercial area, while the rear building adds approximately 4,000 square feet of warehouse space. Four loading docks support receiving and distribution, and the property includes 24 parking spaces, two updated bathrooms, and a large kitchen area. Construction dates to 1980, with wood siding, tile flooring, central heating, and a metal roof.
An established marketplace tenant currently operates on the property and has expressed interest in remaining, creating an existing rental-use component. The site is located on Hicks Boulevard in Fairfield, Ohio, near a newly built Wawa, shopping centers, restaurants, and other commercial businesses.
An established marketplace tenant currently operates on the property and has expressed interest in remaining, creating an existing rental-use component. The site is located on Hicks Boulevard in Fairfield, Ohio, near a newly built Wawa, shopping centers, restaurants, and other commercial businesses.
Key Highlights
- Two‑building flex property with approximately 6,500 square feet
- Front building contains approximately 2,500 square feet of retail/commercial space
- Rear warehouse provides approximately 4,000 square feet
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
Industrial
$584.1K
$511.1K – $681.4K
NOI $40,884 @ 7.0% cap · market cap 3.41%
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.
Property Analytics
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Current Use
Lease Details
4
Dock-high doors
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
653
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Two-building commercial property combines retail, warehouse, and support areas for flexible business operations.
Where is this flex space 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‑building flex property with approximately 6,500 square feet; Front building contains approximately 2,500 square feet of retail/commercial space; Rear warehouse provides approximately 4,000 square feet
