Warehouse with Garage
New
For Sale
$250,000
209 Foundry Avenue, Batavia, OH 45103
Commercial Sale, Batavia, OH
Property Size1,658 SF
Lot Size0.19 Acres
Price / SF$150.78
Days on Market4
Property Features for 209 Foundry Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
SR32 East to Batavia exit (Main St) to Rt on SR 132 (Foundry Ave). Property on right
Subdivision
Clermont-C01
Standard status
Active
APN
060218.034
Size
1,658 SF
Lot size
0.19 Acres
Utilities
Heating system
Natural Gas
Amenities
2-door garage
office
reception area
half bath
Building Details
Year built
1950
Flooring type
Concrete, Wood
Building materials
Brick
Roof type
Shingle
Listing Agency:
eXp Realty
(216) 242-2322
Listed By:
Tammy Gibbs
(866) 212-4991
Added: Sep 17
Changed: Sep 18
Last Checked: Sep 20 at 11:06PM
MLS# 1894311
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 1,658-square-foot warehouse is a brick commercial building with a two-door garage, 13-foot ceiling height, office, reception area, and half bath. Interior finishes include concrete and wood flooring, while natural gas provides heating. The property was built in 1950 and received a new shingle roof in 2022.
Located at 209 Foundry Avenue in Batavia, Ohio, the property also includes additional waterfront land across Foundry Ave. The building’s configuration accommodates storage use and an automotive-oriented operation, with dedicated office and reception areas supporting the main warehouse space. Lease availability is also noted in addition to the sale offering.
Located at 209 Foundry Avenue in Batavia, Ohio, the property also includes additional waterfront land across Foundry Ave. The building’s configuration accommodates storage use and an automotive-oriented operation, with dedicated office and reception areas supporting the main warehouse space. Lease availability is also noted in addition to the sale offering.
Key Highlights
- 1,658‑square‑foot warehouse with a 2‑door garage
- 13‑foot ceiling height
- New roof installed in 2022
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
$16,103
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
6.44%
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%
$322,060
$322.1K
Cap Rate 7%
$230,043
$230.0K
Cap Rate 9%
$178,922
$178.9K
Market Conditions
NOI Build-Up for 1,658 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
$24.9K $15.00/SF
− Vacancy
−$1.9K −$1.13/SF
EGI
$23.0K $13.88/SF
− OpEx
−$6.9K −$4.16/SF
NOI
$16.1K $9.71/SF
Area
Clermont County, OH
Vacancy
7.50%
Lease Rate
$15.00 /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%
$322,060
Cap Rate 7%
$230,043
Cap Rate 9%
$178,922
Alternative Uses
Best Use
Retail
$230.0K
$201.3K – $268.4K
NOI $16,103 @ 7.0% cap · market cap 6.44%
Second Best
Warehouse
$150.4K
$131.6K – $175.5K
NOI $10,531 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$297.2K
$260.1K – $346.8K
NOI $20,807 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
13 ft
Clear height
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
362
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45103, OH
35,237
Population
14,928
Households
2.4
Avg Household Size
39
Median Age
27%
College-Educated
90%
High-School Grad
85.3 sq mi
ZIP Area
413
Density / Sq Mi
$81,837
Median Household Income
$45,027
Median Earnings
$1,050
Median Rent
$242,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Similar Off Market Nearby
- Riverside Storage — 410 S Riverside Dr, Batavia, OH 45103
- Crozet Self Storage Unit — 499 W Main St, Batavia, OH 45103
- Batavia Big Garage Storage — 90 W Main St, Batavia, OH 45103
- Eastside Storage — 4400 OH-222, Batavia, OH 45103
Frequently Asked Questions
What type of property is this?
Warehouse - Brick commercial building with office, reception, half bath, and storage-oriented interior space.
Where is this warehouse located?
The property is located at 209 Foundry Avenue Batavia, OH.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,658‑square‑foot warehouse with a 2‑door garage; 13‑foot ceiling height; New roof installed in 2022
