Industrial Flex Property with Office
For Sale
Contact for pricing
1225 Streng Street, Cincinnati, OH 45223
Two brick buildings near the I-75 and Highway 127 interchange combine office space with open industrial floor.
Property Size7,150 SF
Lot Size0.25 Acres
Price / SF$69.23
Days on Market87
Property Features for 1225 Streng Street
General Information
Standard status
Active
Size
7,150 SF
Lot size
0.25 Acres
Property subtype
Industrial, Mixed Use, Special Purpose
Zoning
MG-T
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Building Details
Year Built
1950
Year Renovated
2021
Buildings
2
Units
6
Tenancy
Single
Listing Agency:
Dwyer Commercial Real Estate
(513) 784-1776
Listed By:
John Dwyer · License #OH BRKP.0000209660
Source:
Crexi
Added: May 28
Changed: Aug 7
Last Checked: Aug 21 at 12:25PM
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 Dwyer Commercial Real Estate
Investment Insights
Based on property information with market context.
1225 Streng Street includes two brick structures on a quarter-acre lot, totaling 7,150 SF. The main building is 6,240 SF built in 1965 and is arranged with 2,558 SF of office space and 3,681 SF of open industrial area. The industrial portion features 10-foot ceilings, supporting a range of light industrial and flex uses. A secondary 910 SF structure on the same parcel provides additional storage or accessory capacity, and the property includes on-site parking.
The site is positioned directly adjacent to the I-75 and Highway 127 interchange, providing immediate connectivity for local distribution and day-to-day operations. Cincinnati State’s campus is immediately adjacent, and the Ludlow Avenue commercial strip is one block away. The downtown Cincinnati area is noted as being within 3 miles, and established industrial neighbors in the corridor include RAE Pumps and Atlantic Packing.
This configuration can serve owner-occupants and tenants looking for both workplace space and an open industrial floor within the same property footprint. With office and industrial areas already split in the main building and an additional stand-alone structure for storage, the asset supports practical operational planning for light manufacturing, warehousing, and flex-style layouts.
The site is positioned directly adjacent to the I-75 and Highway 127 interchange, providing immediate connectivity for local distribution and day-to-day operations. Cincinnati State’s campus is immediately adjacent, and the Ludlow Avenue commercial strip is one block away. The downtown Cincinnati area is noted as being within 3 miles, and established industrial neighbors in the corridor include RAE Pumps and Atlantic Packing.
This configuration can serve owner-occupants and tenants looking for both workplace space and an open industrial floor within the same property footprint. With office and industrial areas already split in the main building and an additional stand-alone structure for storage, the asset supports practical operational planning for light manufacturing, warehousing, and flex-style layouts.
Key Highlights
- Two brick industrial buildings totaling 7,150 SF on a quarter‑acre lot at 1225–1229 Streng Street
- Main building is 6,240 SF (built 1965) with 2,558 SF office space and 3,681 SF open industrial area
- Open industrial floor includes 10‑foot ceilings for warehouse or light manufacturing uses
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,825
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$836,500
$836.5K
Cap Rate 7%
$597,500
$597.5K
Cap Rate 9%
$464,722
$464.7K
Market Conditions
NOI Build-Up for 7,150 SF
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.
Gross rent
$53.2K $7.44/SF
− Vacancy
−$4.0K −$0.56/SF
EGI
$49.2K $6.88/SF
− OpEx
−$7.4K −$1.03/SF
NOI
$41.8K $5.85/SF
Area
Cincinnati, OH
Vacancy
7.50%
Lease Rate
$7.44 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$836,500
Cap Rate 7%
$597,500
Cap Rate 9%
$464,722
Alternative Uses
Best Use
Flex RnD
$889.1K
$778.0K – $1.04M
NOI $62,239 @ 7.0% cap · market cap 12.57%
Second Best
Warehouse
$597.5K
$522.8K – $697.1K
NOI $41,825 @ 7.0% cap · market cap 8.45%
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,492 @ 7.0% cap · market cap 20.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
619
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45223, OH
13,174
Population
6,765
Households
1.9
Avg Household Size
33
Median Age
43%
College-Educated
91%
High-School Grad
4.6 sq mi
ZIP Area
2,864
Density / Sq Mi
$46,930
Median Household Income
$41,482
Median Earnings
$914
Median Rent
$203,800
Median Home Value
Market
Vacancy Rate% for Industrial in Cincinnati, OH
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two brick buildings near the I-75 and Highway 127 interchange combine office space with open industrial floor.
Where is this flex space located?
The property is located at 1225 Streng Street Cincinnati, OH.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Two brick industrial buildings totaling 7,150 SF on a quarter‑acre lot at 1225–1229 Streng Street; Main building is 6,240 SF (built 1965) with 2,558 SF office space and 3,681 SF open industrial area; Open industrial floor includes 10‑foot ceilings for warehouse or light manufacturing uses
