Fenced Industrial Flex
For Sale
$1,000,000
126 Wilmer Ave, Cincinnati, OH 45226
Conditioned flex facility with reinforced shop space, multiple bay doors, secured yard, and three-phase power.
Property Size5,114 SF
Lot Size1.00 Acre
Price / SF$195.54
Days on Market82
Property Features for 126 Wilmer Ave
General Information
Standard status
Active
Size
5,114 SF
Lot size
1.00 Acre
Warehouse & Industrial
Clear Height
14 ft
Mezzanine
750 SF
Drive-In Doors
4
Three-Phase Power
Yes
Conditioned Warehouse
Yes
Additional Details
Fenced Yard
Yes
Building Details
Year Built
1956
Listing Agency:
eXp Realty
Listed By:
Nicholas Motz · License #2005008725
(866) 212-4991
Source:
Finn-team
Added: Jul 20
Changed: Sep 15
Last Checked: Oct 7 at 2:30PM
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 1956 flex facility combines an open main shop with office space, a 750-square-foot mezzanine, and a conditioned work environment. The building includes a 14-foot clear height, four 14-foot bay doors, a heavy reinforced slab, three-phase power, overhead lifts, and an attached service carport suitable for RV access. A fenced one-acre service lot provides a secured gravel yard for equipment and vehicles.
Located at 126 Wilmer Ave in Cincinnati’s East End/Linwood corridor, the property is positioned near Downtown, Mt. Lookout, and Hyde Park. The existing operation is a longstanding boat fiberglass repair shop, with physical features suited to marine, automotive, truck and diesel, contractor, fabrication, and specialty-trade uses as supported by the current improvements.
Located at 126 Wilmer Ave in Cincinnati’s East End/Linwood corridor, the property is positioned near Downtown, Mt. Lookout, and Hyde Park. The existing operation is a longstanding boat fiberglass repair shop, with physical features suited to marine, automotive, truck and diesel, contractor, fabrication, and specialty-trade uses as supported by the current improvements.
Key Highlights
- 5,114 SF flex facility on a 1 AC fenced service lot
- 14' clear height with (4) 14' bay doors
- 750 SF mezzanine configured for storage or apartment‑ready use
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
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
NOI $44,516 @ 7.0% cap · market cap 4.45%
Second Best
Warehouse
$427.4K
$373.9K – $498.6K
NOI $29,915 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$1.02M
$889.5K – $1.19M
NOI $71,161 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Cincinnati, OH
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Frequently Asked Questions
What type of property is this?
Flex space - Conditioned flex facility with reinforced shop space, multiple bay doors, secured yard, and three-phase power.
Where is this flex space located?
The property is located at 126 Wilmer Ave 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: 5,114 SF flex facility on a 1 AC fenced service lot; 14' clear height with (4) 14' bay doors; 750 SF mezzanine configured for storage or apartment‑ready use
