Erlanger Industrial Building For
1211 Cox Avenue Erlanger, KY 41018
1211 Cox Avenue, Erlanger, KY, 41018
$3,250,000
For Sale
$3,250,000
24,587 SF industrial building with expansion potential.
Property Size24,587 SF
Lot Size2.60 Acres
Price / SF$132.18
Days on Market95
Property Features for 1211 Cox Avenue
General Information
- Standard status
- Active
- Size
- 24,587 SF
- Lot size
- 2.60 Acres
- Property subtype
- Industrial
Listing Agency
CBRE | Cincinnati
(513) 369-1354
Listed by
Tim Schenke
(513) 369-1354
Source
Cbre
Added: Apr 15 Checked: Jul 17 at 5:41 am
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 CBRE | Cincinnati
Investment Insights
Based on property information with market context.
This industrial property features a 24,587-square-foot building, including 3,700 square feet of office space. The building has a clear height ranging from 14 to 17 feet. It is equipped with two dock doors that include mechanical pit levelers from Rite Hite, as well as one 12x14-foot drive-in door. The property has 3-phase, 800 amp, 480/277 volt electric service. Situated on a 2.6-acre lot, the property is zoned I-1 Light Industrial. The property is a free-standing single tenant building with extra land available for future growth. A new roof was installed in 2023 with a 20-year warranty. Note that the cell phone tower on the property is owned by a non-affiliated third party and is not included in the sale.
Key Highlights
- Heavy power: 800 amps, 480/277 volt electric service
- New Roof in 2023 with 20‑Year Warranty
- Free‑standing single tenant building
Local Financial Insights For Industrial
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 | $191.8k | $7.80 |
| − Vacancy | −$11.1k | −$0.45 |
| EGI | $180.7k | $7.35 |
| − OpEx | −$54.2k | −$2.20 |
| NOI | $126.5k | $5.14 |
24,587 SF · lease $7.80/SF/yr · vacancy 5.80% · expense 30.00%
Alternative Uses
Best Use
Industrial
$1.81M
$1.58M – $2.11M
NOI $126,459 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.35M
$5.55M – $7.41M
NOI $444,313 @ 7.0% cap · market cap 13.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Industrial properties
Similar For Sale Nearby
FAQs
What type of property is this?
Industrial property - 24,587 SF industrial building with expansion potential.
Where is this industrial property located?
The property is located at 1211 Cox Avenue Erlanger, KY.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Heavy power: 800 amps, 480/277 volt electric service; New Roof in 2023 with 20‑Year Warranty; Free‑standing single tenant building
