Fairfield Industrial Property For
For Sale
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160 Donald Dr, Fairfield, OH
20,490 SF industrial property with expansion potential.
Property Size20,490 SF
Lot Size1.95 Acres
Price / SF$96
Days on Market311
Property Features for 160 Donald Dr
General Information
Standard status
Active
Size
20,490 SF
Lot size
1.95 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Colliers | Cincinnati
(513) 312-7468
Listed By:
Erin Casey, SIOR
(513) 312-7468
Source:
Moodyscre
Added: Oct 17, 2025
Changed: Jul 6
Last Checked: Aug 22 at 8:53AM
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 20,490 square foot property presents an opportunity for investment or owner-occupancy. The property, zoned for manufacturing and light assembly (I), features a paved lot that is fenced and gated. An additional 2,995 square feet of mezzanine space is available for office or warehouse use, along with a connected 335 square foot storage building. The space is currently divided into two suites, but can be combined. The property is located less than 5 miles from I-275 and SR-129, and 7 miles to I-75.
Key Highlights
- 20,490 SF total space available with expansion potential.
- Excellent location: less than 5 miles from I‑275 and SR‑129, and 7 miles to I‑75.
- Zoned I for manufacturing and light assembly.
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
$156,498
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
7.87%
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%
$3,129,960
$3.1M
Cap Rate 7%
$2,235,686
$2.2M
Cap Rate 9%
$1,738,867
$1.7M
Market Conditions
NOI Build-Up for 20,490 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
$196.7K $9.60/SF
− Vacancy
−$12.6K −$0.61/SF
EGI
$184.1K $8.99/SF
− OpEx
−$27.6K −$1.35/SF
NOI
$156.5K $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%
$3,129,960
Cap Rate 7%
$2,235,686
Cap Rate 9%
$1,738,867
Alternative Uses
Best Use
Warehouse
$2.24M
$1.96M – $2.61M
NOI $156,498 @ 7.0% cap · market cap 7.87%
Second Best
Industrial
$1.84M
$1.61M – $2.15M
NOI $128,880 @ 7.0% cap · market cap 6.48%
Theoretical Best
Office A
$4.05M
$3.54M – $4.73M
NOI $283,590 @ 7.0% cap · market cap 14.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
871
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - 20,490 SF industrial property with expansion potential.
Where is this manufacturing property located?
The property is located at 160 Donald Dr Fairfield, OH.
What is the asking price?
The asking price for this property is $1,987,500.
What are key features of this property?
This property features: 20,490 SF total space available with expansion potential.; Excellent location: less than 5 miles from I‑275 and SR‑129, and 7 miles to I‑75.; Zoned I for manufacturing and light assembly.
