Mixed-Use Property with
1195 Hicks Boulevard Fairfield, OH 45014
1195 Hicks Boulevard, Fairfield, OH, 45014
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For Sale
Contact for pricing
High-traffic location with retail space and warehouse.
Property Size6,500 SF
Price / SF$184.62
Days on Market57
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 Agency
OwnerLand Realty
Listed by
Yiming Zhang · License #2006005692
Source
Crexi
Added: May 22 Checked: Jul 15 at 9:38 pm
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Investment Insights
Based on property information with market context.
This property presents an investment opportunity in a high-traffic commercial corridor. It features two commercial buildings: a front building with approximately 2,500 square feet of retail/commercial space and a rear building with a 4,000-square-foot warehouse. The warehouse includes four loading docks. The property includes 24 parking spaces, two updated bathrooms, and a spacious kitchen area. An established tenant is in place, operating a marketplace business and interested in remaining. The property offers flexible usage options, including retail, restaurant, office, warehouse, or mixed commercial use. The location is in a rapidly growing area near a newly built Wawa gas station, shopping centers, restaurants, and other businesses, providing visibility and traffic exposure. The total property size is 6,500 square feet.
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 |
6,500 SF · lease $9.60/SF/yr · vacancy 6.40% · expense 15.00%
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 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?
Mixed-use property - High-traffic location with retail space and warehouse.
Where is this mixed-use property located?
The property is located at 1195 Hicks Boulevard 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: 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.**
