Renovated Flex Warehouse with
1368 St Rt 131 Milford, OH 45150
New
1368 St Rt 131, Milford, OH, 45150
$725,000
For Sale
$725,000
COMMERCIAL - Miami Twp, OH
Property Size3,940 SF
Lot Size0.53 Acres
Price / SF$184.01
Days on Market2
Property Features for 1368 St Rt 131
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Exterior features
- Part Fenced, Sidewalks
- Fencing
- Fenced
- Standard status
- Active
- APN
- 18-46-12C-072
- Size
- 3,940 SF
- Lot size
- 0.53 Acres
Utilities
- Heating system
- Electric (Heating)
Building Details
- Year built
- 1970
- Flooring type
- Vinyl
- Building materials
- Brick
- Roof type
- Shingle
Listing Agency
Keller Williams Advisors
(513) 227-9151
9277 Centre Pointe Dr, Cincinnati, OH
Listed by
Victoria Davis
(513) 766-9200
Added: Jul 16 Checked: Jul 17 at 3:06 pm
MLS# 1887118
Copyright © 2026 MLS of Greater Cincinnati, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This renovated flex/warehouse property was extensively rebuilt following a fire. Improvements include new framing and roof structure, gutters, downspouts, and shingles, along with electrical, plumbing, HVAC, and a water heater. Interior upgrades feature new lighting, flooring, doors, drywall, and paint, plus 5 garage doors and a French drain. The layout includes 4 offices, 2 restrooms, and a washroom that can serve as a kitchenette or coffee station, with a spacious warehouse and garage area.
Located at 1368 St Rt 131 in Miami Twp, Ohio (Clermont County), the property offers 112 feet of road frontage and 21 parking spaces, supporting straightforward customer and employee access.
The building is configured for mixed office and warehouse use, providing dedicated office space alongside open garage/warehouse areas within the same facility.
Located at 1368 St Rt 131 in Miami Twp, Ohio (Clermont County), the property offers 112 feet of road frontage and 21 parking spaces, supporting straightforward customer and employee access.
The building is configured for mixed office and warehouse use, providing dedicated office space alongside open garage/warehouse areas within the same facility.
Key Highlights
- 112' of road frontage with 21 parking spaces in the Day Heights/Milford area
- Extensively rebuilt after a fire with new framing and roof structure, gutters, downspouts, and shingles
- Major systems replaced/rebuilt: electrical, plumbing, HVAC, water heater, and lighting
Local Financial Insights For Office B
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 | $66.2k | $16.80 |
| − Vacancy | −$16.7k | −$4.25 |
| EGI | $49.4k | $12.55 |
| − OpEx | −$12.4k | −$3.14 |
| NOI | $37.1k | $9.41 |
3,940 SF · lease $16.80/SF/yr · vacancy 25.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$529.8K
$463.6K – $618.1K
NOI $37,084 @ 7.0% cap · market cap 5.12%
Second Best
Warehouse
$357.5K
$312.8K – $417.1K
NOI $25,025 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$706.4K
$618.1K – $824.1K
NOI $49,445 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Fully rebuilt after a fire with offices, restrooms, and a spacious warehouse/garage on 112' of road frontage.
Where is this flex space located?
The property is located at 1368 St Rt 131 Milford, OH.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 112' of road frontage with 21 parking spaces in the Day Heights/Milford area; Extensively rebuilt after a fire with new framing and roof structure, gutters, downspouts, and shingles; Major systems replaced/rebuilt: electrical, plumbing, HVAC, water heater, and lighting
