Two-Story Flex Warehouse

109-121 S Wayne Avenue Lockland Cincinnati, OH 45215

Claim this Listing
New
For Sale
$995,000

Two-story industrial flex space includes a freight elevator to the second floor and side drive-in door access.

Property size:
12,000 SF
Price / SF:
$82/SF
Added:
Jul 10, 2026
Days on Market:
3
Last Refresh:
Jul 11 at 3:48 am

Property Features for 109-121 S Wayne Avenue Lockland

General Information

Standard status
Active
Size
12,000 SF

Listing office

Listing date Jul 10, 2026

Source Liveloveohio

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 Haven Pisani


Investment Insights

Based on property information with market context.

This two-story flex warehouse offers approximately 12,000 square feet of space distributed across both floors. Freight elevator access is available to the second floor, supporting internal movement of goods and equipment. Vehicle and delivery access is provided via a side drive-in door, and the property includes off-street parking for 12+ cars.

The property is offered for sale with a general commercial zoning classification. The use sheet is available through the MLS for potential uses.

Key Highlights

  • Two‑story industrial flex space with approximately 12,000 sq ft across two floors
  • Freight elevator provides accessibility to the second floor
  • Side drive‑in door access for loading and easy ingress/egress

Local Financial Insights For Flex RnD

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 $144.0k $12.00
− Vacancy −$10.1k −$0.84
EGI $133.9k $11.16
− OpEx −$46.9k −$3.91
NOI $87.0k $7.25
12,000 SF · lease $12.00/SF/yr · vacancy 7.00% · expense 35.00%

Alternative Uses

Best Use
Flex RnD
$1.24M
$1.09M – $1.45M (±1% cap)
NOI $87,048 @ 7.0% cap · market cap 8.75%
Second Best
Warehouse
$1.00M
$877.5K – $1.17M (±1% cap)
NOI $70,196 @ 7.0% cap · market cap 7.05%
Theoretical Best
Office A
$2.60M
$2.27M – $3.03M (±1% cap)
NOI $181,707 @ 7.0% cap · market cap 18.26%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Real Estate Agency Law Firm Pharmacy Spa & Massage Center Auto Parts Store Parking Lot & Garage Accounting Firm Skin Care Clinic (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Wyoming Meat Market — 513 Wyoming Ave, Cincinnati, OH 45215
  • Moe's Eats & Treats — 623 Mc Laren Ave, Lockland, OH 45215
  • A Lil Taste of Soul llc Food Truck and Catering — 607 Shepherd Dr 11 &12, Cincinnati, OH 45215

FAQs

What type of property is this?
Flex space - Two-story industrial flex space includes a freight elevator to the second floor and side drive-in door access.
Where is this flex space located?
The property is located at 109-121 S Wayne Avenue Lockland Cincinnati, OH.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Two‑story industrial flex space with approximately 12,000 sq ft across two floors; Freight elevator provides accessibility to the second floor; Side drive‑in door access for loading and easy ingress/egress
Contact an agent
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