Industrial Warehouse With Loading
For Sale
$2,900,000
201 American Way, Monroe, OH 45050
Commercial Sale, Monroe, OH
Property Size19,390 SF
Lot Size2.33 Acres
Price / SF$149.56
Days on Market158
Property Features for 201 American Way
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
West on Rt 63 to R American Way
Subdivision
Butler-W18
Standard status
Active
APN
C1800006430015
Size
19,390 SF
Lot size
2.33 Acres
Utilities
Heating system
Natural Gas
Building Details
Year built
1989
Flooring type
Concrete, Tile
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
eXp Realty
(216) 242-2322
Listed By:
Monika Deroussel · License #BRKA.2019000471
(866) 212-4991
Added: Mar 18
Changed: Aug 20
Last Checked: Aug 22 at 12:06AM
MLS# 1872095
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 industrial warehouse at 201 American Way in Monroe, Ohio, occupies a 2.327-acre site and offers a practical configuration for storage and logistics operations. The building includes high ceilings, a large entryway, and loading docks to support receiving and distribution activity.
Constructed in 1989, the property features metal siding and a metal roof. Interior finishes include concrete and tile flooring, while natural gas heating serves the facility. Its combination of substantial site area, warehouse characteristics, and loading infrastructure provides a functional setting for industrial occupancy.
Constructed in 1989, the property features metal siding and a metal roof. Interior finishes include concrete and tile flooring, while natural gas heating serves the facility. Its combination of substantial site area, warehouse characteristics, and loading infrastructure provides a functional setting for industrial occupancy.
Key Highlights
- 2.327‑acre industrial warehouse site
- High ceilings support warehouse operations
- Large entryway for facility access
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
$148,096
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
5.11%
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%
$2,961,920
$3.0M
Cap Rate 7%
$2,115,657
$2.1M
Cap Rate 9%
$1,645,511
$1.6M
Market Conditions
NOI Build-Up for 19,390 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
$186.1K $9.60/SF
− Vacancy
−$11.9K −$0.61/SF
EGI
$174.2K $8.99/SF
− OpEx
−$26.1K −$1.35/SF
NOI
$148.1K $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%
$2,961,920
Cap Rate 7%
$2,115,657
Cap Rate 9%
$1,645,511
Alternative Uses
Best Use
Warehouse
$2.12M
$1.85M – $2.47M
NOI $148,096 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.83M
$3.35M – $4.47M
NOI $268,366 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
288
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45050, OH
12,173
Population
4,395
Households
2.8
Avg Household Size
38
Median Age
42%
College-Educated
96%
High-School Grad
8.4 sq mi
ZIP Area
1,449
Density / Sq Mi
$104,519
Median Household Income
$53,785
Median Earnings
$1,519
Median Rent
$273,800
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - Metal-sided warehouse with high ceilings, loading docks, and a large entryway on a 2.327-acre commercial site.
Where is this warehouse located?
The property is located at 201 American Way Monroe, OH.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 2.327‑acre industrial warehouse site; High ceilings support warehouse operations; Large entryway for facility access
