Mixed-Use Property with
For Sale
Contact for pricing
1195 Hicks Boulevard, Fairfield, OH 45014
High-traffic location with retail space and warehouse.
Property Size6,500 SF
Price / SF$184.62
Days on Market147
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Property Features for 1195 Hicks Boulevard
General Information
Standard status
Active
Size
6,500 SF
Class
C
Total Parking Spaces
24
Property subtype
Retail, Mixed Use
Zoning
Commercial
Occupancy
100%
Lease Type
NNN
Building Details
Year Built
1980
Year Renovated
1980
Buildings
2
Units
24
Tenancy
Single
Listing Agency:
OwnerLand Realty
Listed By:
Yiming Zhang · License #2006005692
(513) 479-1324
Source:
Crexi
Added: May 22
Changed: Oct 4
Last Checked: Oct 14 at 9:28PM
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 OwnerLand Realty
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.
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.
How Realmo checks its estimates
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Current Use
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
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
Frequently Asked Questions
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.**
