Versatile Industrial Building in Tipp
15 Industry Park Court Tipp City, OH 45371
For Sale
$1,798,200
11,100 SF industrial building with convenient highway access.
Property Size11,100 SF
Price / SF$162
Days on Market127
Property Features for 15 Industry Park Court
General Information
Standard status
Active
Size
11,100 SF
Property subtype
Industrial
Listing Agency:
CBRE | Cincinnati
(513) 369-1354
Listed By:
Tim Schenke
(513) 369-1354
Source:
Cbre
Added: Mar 25
Changed: Jul 6
Last Checked: Jul 29 at 4:10AM
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 11,100 square foot industrial building is located in Tipp City, Ohio. Constructed in 1994 and renovated in 2021, the property features a metal standing seam roof and a poured concrete slab floor. The building offers a clear height of 14 to 15 feet. The structure is metal construction and zoned LI, Light Industrial District. There are 17 auto parking stalls available. The building includes office space on the first and second floor mezzanine area. The property is equipped with 7 drive-in doors, each measuring 14 feet by 14 feet. The bay depth is 60 feet and the building has clear span column spacing. LED lighting is installed throughout the building. The property is located approximately two miles from I-75, providing access to Toledo, Detroit, Cincinnati, I-70 to Indianapolis and Columbus and is in close proximity to Dayton International Airport. The location benefits from an excellent labor pool and a business-friendly municipality.
Key Highlights
- Excellent access to I‑75 and Dayton International Airport
- Features 7 large drive‑in doors (14’ x 14’)
- Clear span construction with 14’-15’ clear height
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 | $186.5k | $16.80 |
| − Vacancy | −$11.7k | −$1.06 |
| EGI | $174.7k | $15.74 |
| − OpEx | −$26.2k | −$2.36 |
| NOI | $148.5k | $13.38 |
11,100 SF · lease $16.80/SF/yr · vacancy 6.30% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.12M
$1.86M – $2.48M
NOI $148,522 @ 7.0% cap · market cap 8.26%
Second Best
Industrial
$1.75M
$1.53M – $2.04M
NOI $122,312 @ 7.0% cap · market cap 6.80%
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M
NOI $158,359 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Gateway Climate Storage- Tipp City — 835 N Hyatt St, Tipp City, OH 45371
- Storage Rentals of America — 895 N 3rd St, Tipp City, OH 45371
- CubeSmart Self Storage — 895 N 3rd St, Tipp City, OH 45371
Frequently Asked Questions
What type of property is this?
Warehouse - 11,100 SF industrial building with convenient highway access.
Where is this warehouse located?
The property is located at 15 Industry Park Court Tipp City, OH.
What is the asking price?
The asking price for this property is $1,798,200.
What are key features of this property?
This property features: Excellent access to I‑75 and Dayton International Airport; Features 7 large drive‑in doors (14’ x 14’); Clear span construction with 14’-15’ clear height
