Fenced Flex Space with Garage
For Sale
Contact for pricing
1396 Veteran Drive, Fairfield, OH 45014
Commercial Sale, Fairfield, OH
Property Size1,500 SF
Days on Market162
Property Features for 1396 Veteran Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Fenced
Exterior features
Full Fenced, Outside Storage
Fencing
Fenced
Directions
Rt. 4 to Hicks Blvd. to Veteran Dr.
Subdivision
Butler-W13
Standard status
Active
Utilities
Heating system
Natural Gas
Building Details
Flooring type
Vinyl, Concrete
Building materials
Block
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Bowling & Kugler Realty
(513) 844-8405
Listed By:
Andrew Nichols
(513) 315-3905
Added: May 8
Changed: Oct 14
Last Checked: Oct 16 at 3:06PM
MLS# 1878577
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.
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Investment Insights
Based on property information with market context.
Located at 1396 Veteran Drive in Fairfield, Ohio, this flex property provides 1,500 square feet of garage space with three overhead doors measuring 12x10 feet. The interior also includes a lobby and reception area, an office, two bathrooms, and a utility room. A Smoke Eater system is installed for the garage area.
The site includes fully fenced outdoor storage space, supporting secure exterior use. Block construction, concrete and vinyl flooring, natural gas heating, and a shingle roof complete the core physical improvements. The fenced layout combines enclosed garage capacity, modest office support space, and exterior storage in one commercial property.
The site includes fully fenced outdoor storage space, supporting secure exterior use. Block construction, concrete and vinyl flooring, natural gas heating, and a shingle roof complete the core physical improvements. The fenced layout combines enclosed garage capacity, modest office support space, and exterior storage in one commercial property.
Key Highlights
- 1,500 square feet of garage space
- Three 12x10‑foot garage doors
- Lobby, reception area, office, two bathrooms, and utility room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,680
Suggested Prices Based on Cap Rates
Cap Rate 5%
$113,600
$113.6K
Cap Rate 7%
$81,143
$81.1K
Cap Rate 9%
$63,111
$63.1K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$9.5K $6.36/SF
− Vacancy
−$801 −$0.53/SF
EGI
$8.7K $5.83/SF
− OpEx
−$3.1K −$2.04/SF
NOI
$5.7K $3.79/SF
Area
Butler County, OH
Vacancy
8.40%
Lease Rate
$6.36 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$113,600
Cap Rate 7%
$81,143
Cap Rate 9%
$63,111
Alternative Uses
Best Use
Industrial
$134.8K
$117.9K – $157.3K
NOI $9,435 @ 7.0% cap · market cap 943,500.00%
Second Best
Flex RnD
$81.1K
$71.0K – $94.7K
NOI $5,680 @ 7.0% cap · market cap 568,000.00%
Theoretical Best
Office A
$296.6K
$259.5K – $346.0K
NOI $20,761 @ 7.0% cap · market cap 2,076,100.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
239
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45014, OH
46,169
Population
19,926
Households
2.3
Avg Household Size
40
Median Age
31%
College-Educated
91%
High-School Grad
22.6 sq mi
ZIP Area
2,043
Density / Sq Mi
$69,624
Median Household Income
$44,611
Median Earnings
$1,145
Median Rent
$215,700
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Flex property with office, reception, two bathrooms, and secured outdoor storage.
Where is this flex space located?
The property is located at 1396 Veteran Drive Fairfield, OH.
What are key features of this property?
This property features: 1,500 square feet of garage space; Three 12x10‑foot garage doors; Lobby, reception area, office, two bathrooms, and utility room
