Fairfield Industrial Property For
For Sale
Contact for pricing
Pending
2052 Bohlke Blvd, Fairfield, OH 45014
84,375 SF industrial property 100% occupied in Cincinnati.
Property Size84,375 SF
Lot Size6.87 Acres
Days on Market206
Property Features for 2052 Bohlke Blvd
General Information
Standard status
Pending
Size
84,375 SF
Total Parking Spaces
42
Lot size
6.87 Acres
Property subtype
Industrial
Zoning
M-2, General Industrial
Occupancy
100%
Lease Type
Absolute Net
Building Details
Year Built
2015
Year Renovated
2020
Tenancy
Single
Listing Agency:
CBRE - Cincinnati
Listed By:
Jeffrey Johnston · License #OH SAL.0000397605
Source:
Crexi
Added: Jan 27
Changed: Aug 8
Last Checked: Jul 24 at 6:39PM
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 CBRE - Cincinnati
Investment Insights
Based on property information with market context.
The property located at 2052 Bohlke Boulevard in Fairfield, Ohio, is available for sale. This 84,375-square-foot industrial building is situated within Cincinnati’s Tri-County submarket. The property is fully occupied by The Fischer Group, which entered into a 12-year absolute net lease in 2024, with 10 years remaining. Constructed in 2015 and expanded in 2020, the building is located on a 6.868-acre lot in Butler County. It provides functional space suitable for product design, manufacturing, printing, and general office use. The Fischer Group has occupied the facility since its original construction. The property is strategically located in Fairfield, offering convenient access to major industrial thoroughfares in Northwest Cincinnati, including I-75, I-275, and Route 4. The submarket features an asking lease rate of $6.51 per square foot and a Q3 2025 vacancy rate of 4.3%.
Key Highlights
- 100% occupied by The Fischer Group with 10 years remaining on an absolute net lease.
- Located in Cincinnati’s premiere Tri‑County submarket.
- Strategically located in Fairfield with easy access to I‑75, I‑275, and Route 4.
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
$530,712
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
7.27%
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%
$10,614,240
$10.6M
Cap Rate 7%
$7,581,600
$7.6M
Cap Rate 9%
$5,896,800
$5.9M
Market Conditions
NOI Build-Up for 84,375 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
$810.0K $9.60/SF
− Vacancy
−$51.8K −$0.61/SF
EGI
$758.2K $8.99/SF
− OpEx
−$227.4K −$2.70/SF
NOI
$530.7K $6.29/SF
Area
Butler County, OH
Vacancy
6.40%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
30.00%
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%
$10,614,240
Cap Rate 7%
$7,581,600
Cap Rate 9%
$5,896,800
Alternative Uses
Best Use
Industrial
$7.58M
$6.63M – $8.85M
NOI $530,712 @ 7.0% cap · market cap 7.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$16.68M
$14.60M – $19.46M
NOI $1,167,785 @ 7.0% cap · market cap 15.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
155
Businesses Nearby
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - 84,375 SF industrial property 100% occupied in Cincinnati.
Where is this manufacturing property located?
The property is located at 2052 Bohlke Blvd Fairfield, OH.
What is the asking price?
The asking price for this property is $7,305,000.
What are key features of this property?
This property features: 100% occupied by The Fischer Group with 10 years remaining on an absolute net lease.; Located in Cincinnati’s premiere Tri‑County submarket.; Strategically located in Fairfield with easy access to I‑75, I‑275, and Route 4.
