Industrial Flex Building with
For Sale
$1,675,000
4750 Ashley Drive, Hamilton, OH 45011
Flex industrial building includes 3,060 SF office space, two dock doors, and one drive-in with additional expansion land.
Property Size11,155 SF
Price / SF$150.16
Days on Market42
Property Features for 4750 Ashley Drive
General Information
Standard status
Active
Size
11,155 SF
Property subtype
Industrial
Warehouse & Industrial
Clear Height
15 ft
Dock-High Doors
2
Drive-In Doors
1
Building Details
Building Size
11,155 SF
Listing Agency:
Lee & Associates
Listed By:
Paul Schmerge · License #0000439660
(513) 305-5690
Source:
Lee-associates
Added: Jul 25
Changed: Sep 2
Last Checked: Sep 4 at 4:13AM
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 Lee & Associates
Investment Insights
Based on property information with market context.
This industrial flex building offers a combined industrial and office setup, with 11,155 SF total building area and 3,060 SF of office space. The facility features two dock doors and one drive-in, along with 14’–15’ clear height in the warehouse area. There is also extra land behind the building that may support future expansion.
Located in West Chester Township, OH, the property is positioned for industrial and office use within the same building footprint.
The layout supports combined operations where an on-site office component is already built in, while the dock and drive-in configuration accommodates inbound and outbound activity.
Located in West Chester Township, OH, the property is positioned for industrial and office use within the same building footprint.
The layout supports combined operations where an on-site office component is already built in, while the dock and drive-in configuration accommodates inbound and outbound activity.
Key Highlights
- 11,155 SF industrial building with 3,060 SF of office space
- 2 dock doors plus 1 drive‑in for loading and access
- 14'–15' clear height
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
$85,199
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
5.09%
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%
$1,703,980
$1.7M
Cap Rate 7%
$1,217,129
$1.2M
Cap Rate 9%
$946,656
$946.7K
Market Conditions
NOI Build-Up for 11,155 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
$107.1K $9.60/SF
− Vacancy
−$6.9K −$0.61/SF
EGI
$100.2K $8.99/SF
− OpEx
−$15.0K −$1.35/SF
NOI
$85.2K $7.64/SF
Area
Butler County, OH
Vacancy
6.40%
Lease Rate
$9.60 /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%
$1,703,980
Cap Rate 7%
$1,217,129
Cap Rate 9%
$946,656
Alternative Uses
Best Use
Warehouse
$1.22M
$1.06M – $1.42M
NOI $85,199 @ 7.0% cap · market cap 5.09%
Second Best
Industrial
$1.00M
$877.1K – $1.17M
NOI $70,164 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$2.21M
$1.93M – $2.57M
NOI $154,390 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
15 ft
Clear height
2
Dock-high doors
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
329
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45011, OH
73,596
Population
28,470
Households
2.6
Avg Household Size
38
Median Age
31%
College-Educated
88%
High-School Grad
60.4 sq mi
ZIP Area
1,218
Density / Sq Mi
$90,360
Median Household Income
$45,147
Median Earnings
$1,005
Median Rent
$272,000
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex industrial building includes 3,060 SF office space, two dock doors, and one drive-in with additional expansion land.
Where is this flex space located?
The property is located at 4750 Ashley Drive Hamilton, OH.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: 11,155 SF industrial building with 3,060 SF of office space; 2 dock doors plus 1 drive‑in for loading and access; 14'–15' clear height
