Flex Retail Warehouse
1290 W Main St Wilmington, OH 45177
For Sale
$375,000
Flexible property offers retail and office frontage with rear warehouse space and roll-up doors.
Property Size4,800 SF
Price / SF$78.13
Days on Market202
Property Features for 1290 W Main St
General Information
Standard status
Active
Size
4,800 SF
Listing Agency:
McIntosh Real Estate Services
(937) 673-0424
Listed By:
Michael S. McCarty
(937) 673-0424
Source:
Exprealty
Added: Jan 8
Changed: Jul 28
Last Checked: Jul 28 at 6:33PM
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 McIntosh Real Estate Services
Investment Insights
Based on property information with market context.
This flex retail warehouse facility includes office space at the front along with a large retail area. The rear portion features warehouse/storage space served by roll-up doors, including a 10x10 roll-up door and an additional 8x8 roll-up door. The building also includes two half-bath restrooms, plus office and storage in the rear. The layout is set up to be subdivided into two potential business units.
The property is located on a high-visibility route in Wilmington, Ohio, at 1290 W Main St. A paved area surrounds the building, providing outdoor space tied to the site.
With existing front retail and rear warehouse components, the property can also be converted for multiple uses, supporting a range of retail, light industrial, or flexible tenant requirements.
The property is located on a high-visibility route in Wilmington, Ohio, at 1290 W Main St. A paved area surrounds the building, providing outdoor space tied to the site.
With existing front retail and rear warehouse components, the property can also be converted for multiple uses, supporting a range of retail, light industrial, or flexible tenant requirements.
Key Highlights
- Commercial building on a high‑visibility route in Wilmington, Ohio, set up to be subdivided into two business units
- Huge retail space with office in the front of the building
- Rear area includes a bay with a 10x10 roll‑up door, plus office and storage space
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 | $30.2k | $6.30 |
| − Vacancy | −$2.5k | −$0.52 |
| EGI | $27.7k | $5.78 |
| − OpEx | −$4.2k | −$0.87 |
| NOI | $23.6k | $4.91 |
4,800 SF · lease $6.30/SF/yr · vacancy 8.30% · expense 15.00%
Alternative Uses
Best Use
Retail
$1.25M
$1.09M – $1.46M
NOI $87,472 @ 7.0% cap · market cap 23.33%
Second Best
Warehouse
$336.7K
$294.6K – $392.9K
NOI $23,571 @ 7.0% cap · market cap 6.29%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Flexible property offers retail and office frontage with rear warehouse space and roll-up doors.
Where is this flex space located?
The property is located at 1290 W Main St Wilmington, OH.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Commercial building on a high‑visibility route in Wilmington, Ohio, set up to be subdivided into two business units; Huge retail space with office in the front of the building; Rear area includes a bay with a 10x10 roll‑up door, plus office and storage space
