Single-Tenant Warehouse
For Sale
Contact for pricing
136 Commerce Dr, Loveland, OH 45140
Single-tenant warehouse offering heavy infrastructure with HVAC and power systems for year-round operations.
Property Size16,000 SF
Price / SF$131.25
Days on Market224
Property Features for 136 Commerce Dr
General Information
Standard status
Active
Size
16,000 SF
Property subtype
INDUSTRIAL
Listing Agency:
Colliers | Cincinnati
(513) 721-4200
Listed By:
Jeffrey Kroeger · License #SAL.2019003480
(513) 235-4543
Source:
Moodyscre
Added: Jan 29
Changed: Aug 14
Last Checked: Sep 10 at 5:28AM
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 Colliers | Cincinnati
Investment Insights
Based on property information with market context.
This single-tenant warehouse building is positioned for practical use with heavy infrastructure, including HVAC and power systems. The property is presented as one cohesive facility rather than a multi-tenant configuration.
The building is located in Loveland and is described as minutes from major routes via Fields Ertel Rd and Montgomery Rd. Surrounding amenities include restaurants and stores.
The seller also notes possible expansion potential, which may be relevant for growing operations depending on future site and development constraints.
The building is located in Loveland and is described as minutes from major routes via Fields Ertel Rd and Montgomery Rd. Surrounding amenities include restaurants and stores.
The seller also notes possible expansion potential, which may be relevant for growing operations depending on future site and development constraints.
Key Highlights
- Single‑tenant warehouse building
- Heavy infrastructure includes HVAC and power systems for year‑round operations
- Located in Loveland minutes from I‑71 via Fields Ertel Rd and from I‑275 via Montgomery Rd
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
$101,625
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
4.84%
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%
$2,032,500
$2.0M
Cap Rate 7%
$1,451,786
$1.5M
Cap Rate 9%
$1,129,167
$1.1M
Market Conditions
NOI Build-Up for 16,000 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
$124.8K $7.80/SF
− Vacancy
−$5.2K −$0.33/SF
EGI
$119.6K $7.47/SF
− OpEx
−$17.9K −$1.12/SF
NOI
$101.6K $6.35/SF
Area
Clermont County, OH
Vacancy
4.20%
Lease Rate
$7.80 /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%
$2,032,500
Cap Rate 7%
$1,451,786
Cap Rate 9%
$1,129,167
Alternative Uses
Best Use
Warehouse
$1.45M
$1.27M – $1.69M
NOI $101,625 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.87M
$2.51M – $3.35M
NOI $200,794 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
295
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45140, OH
56,386
Population
22,684
Households
2.5
Avg Household Size
40
Median Age
53%
College-Educated
97%
High-School Grad
44.1 sq mi
ZIP Area
1,279
Density / Sq Mi
$110,781
Median Household Income
$58,882
Median Earnings
$1,379
Median Rent
$340,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Warehouse - Single-tenant warehouse offering heavy infrastructure with HVAC and power systems for year-round operations.
Where is this warehouse located?
The property is located at 136 Commerce Dr Loveland, OH.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Single‑tenant warehouse building; Heavy infrastructure includes HVAC and power systems for year‑round operations; Located in Loveland minutes from I‑71 via Fields Ertel Rd and from I‑275 via Montgomery Rd
