Building Details

Year built 1956

Flooring type Concrete

Building materials Block

Roof type Metal

Additional Structures Storage

Listing Agency: eXp Realty o***@exprealty.net Show Phone

Listed By: Nicholas Motz · License #2005008725 Show Phone

Added: May 5 Changed: Sep 30 Last Checked: Oct 17 at 8:06AM

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MLS# 1877965

Copyright © 2026 MLS of Greater Cincinnati, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This Cincinnati flex property includes an open shop area, office space, and a 750-square-foot mezzanine suited to storage. The facility offers 14-foot clear height, four 14-foot bay doors, a reinforced concrete slab, 3-phase power, overhead lifts, and conditioned interior space. An attached service carport accommodates RV use, while the metal-roofed block building includes natural gas heat.

The property occupies 0.984 acres at 126 Wilmer Avenue in Cincinnati’s East End/Linwood area. Site improvements include a fully fenced service lot, secured gravel yard, exterior lighting, and outside storage. The building was constructed in 1956 and is currently used for boat fiberglass repair.

Key Highlights

• 0.984‑acre fenced service lot with secured gravel yard and outside storage
• 5,114 SF property size with a 750 SF mezzanine
• 14' clear height and (4) 14' bay doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$44,516

Cap Rate

4.45%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$890,320 $890.3K

Cap Rate 7%

$635,943 $635.9K

Cap Rate 9%

$494,622 $494.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,114 SF

Gross rent

$73.6K $14.40/SF

− Vacancy

−$5.2K −$1.01/SF

EGI

$68.5K $13.39/SF

− OpEx

−$24.0K −$4.69/SF

NOI

$44.5K $8.70/SF

Area

Cincinnati, OH

Vacancy

7.00%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$890,320

Cap Rate 7%

$635,943

Cap Rate 9%

$494,622

Alternative Uses

Best Use

Flex RnD

$635.9K

$556.5K – $741.9K (±1% cap)

NOI $44,516 @ 7.0% cap · market cap 4.45%

Second Best

Warehouse

$427.4K

$373.9K – $498.6K (±1% cap)

NOI $29,915 @ 7.0% cap · market cap 2.99%

Theoretical Best

Office A

$1.02M

$889.5K – $1.19M (±1% cap)

NOI $71,161 @ 7.0% cap · market cap 7.12%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Pharmacy Restaurant Parking Lot & Garage Electrical Service Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

14 ft

Clear height

4

Drive-in doors

Yes

Fenced yard

Location Intelligence

Trade Area within ½ mile

313

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 45226, OH

5,687

Population

3,272

Households

1.7

Avg Household Size

36

Median Age

73%

College-Educated

98%

High-School Grad

5.7 sq mi

ZIP Area

998

Density / Sq Mi

$100,320

Median Household Income

$59,639

Median Earnings

$1,244

Median Rent

$387,200

Median Home Value

Market

Vacancy Rate% for Industrial in Cincinnati, OH

4.2% 2019

5% 2020

4.1% 2021

1.7% 2022

5.1% 2023

5.6% 2024

6.2% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Conditioned industrial facility with office space, service areas, and secured outdoor storage.

Where is this flex space located?

The property is located at 126 Wilmer Avenue Cincinnati, OH.

What is the asking price?

The asking price for this property is $1,000,000.

What are key features of this property?

This property features: 0.984‑acre fenced service lot with secured gravel yard and outside storage; 5,114 SF property size with a 750 SF mezzanine; 14' clear height and (4) 14' bay doors