Industrial Warehouse with Loading
New
For Sale
$2,900,000
201 American Way, Monroe, OH 45050
The facility includes high ceilings, a large entryway, and loading docks.
Property Size19,390 SF
Price / SF$149.56
Days on Market3
Property Features for 201 American Way
General Information
Standard status
Active
Size
19,390 SF
Additional Details
Warehouse Space
25,000 SF
Building Details
Year Built
1989
Listing Agency:
eXp Realty
(866) 212-4991
Listed By:
Monika Deroussel · License #BRKA.2019000471
Source:
Finn-team
Added: Aug 26
Changed: Aug 27
Last Checked: Aug 28 at 12:52PM
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 eXp Realty
Investment Insights
Based on property information with market context.
This industrial warehouse facility is configured for storage, inventory, equipment, and machinery. Physical features include high ceilings, a large entryway, and loading docks designed for straightforward loading access. The property was built in 1989 and is located at 201 American Way in Monroe, Ohio. Its warehouse format provides space for a range of industrial storage and operating needs.
Key Highlights
- Industrial warehouse facility at 201 American Way, Monroe, OH 45050
- High‑ceiling warehouse configuration
- Large entryway for facility access
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
$148,096
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
5.11%
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%
$2,961,920
$3.0M
Cap Rate 7%
$2,115,657
$2.1M
Cap Rate 9%
$1,645,511
$1.6M
Market Conditions
NOI Build-Up for 19,390 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
$186.1K $9.60/SF
− Vacancy
−$11.9K −$0.61/SF
EGI
$174.2K $8.99/SF
− OpEx
−$26.1K −$1.35/SF
NOI
$148.1K $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%
$2,961,920
Cap Rate 7%
$2,115,657
Cap Rate 9%
$1,645,511
Alternative Uses
Best Use
Warehouse
$2.12M
$1.85M – $2.47M
NOI $148,096 @ 7.0% cap · market cap 5.11%
Second Best
Industrial
$1.74M
$1.52M – $2.03M
NOI $121,962 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$3.83M
$3.35M – $4.47M
NOI $268,366 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
288
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45050, OH
12,173
Population
4,395
Households
2.8
Avg Household Size
38
Median Age
42%
College-Educated
96%
High-School Grad
8.4 sq mi
ZIP Area
1,449
Density / Sq Mi
$104,519
Median Household Income
$53,785
Median Earnings
$1,519
Median Rent
$273,800
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?
Warehouse - The facility includes high ceilings, a large entryway, and loading docks.
Where is this warehouse located?
The property is located at 201 American Way Monroe, OH.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Industrial warehouse facility at 201 American Way, Monroe, OH 45050; High‑ceiling warehouse configuration; Large entryway for facility access
