Industrial Warehouse with
For Sale
$2,500,000
Pending
2091 Radcliff Dr, Cincinnati, OH 45204
A 24,560 SF warehouse with approximately 13,000 SF of office space, 18' clear height, wet sprinklers, and one dock.
Property Size24,560 SF
Lot Size2.67 Acres
Days on Market54
Property Features for 2091 Radcliff Dr
General Information
Standard status
Pending
Size
24,560 SF
Class
B
Lot size
2.67 Acres
Property subtype
industrial
Zoning
MG
Warehouse & Industrial
Clear Height
18 ft
Dock-High Doors
1
Drive-In Doors
1
Heavy Power
Yes
Sprinkler System
Yes
Additional Details
Opportunity Zone
Yes
Building Details
Year Built
2000
Properties For Sale
at 2091 Radcliff Dr Contact us- Floor
- 1st
- Size
- 24,560 SF
- Type
- Industrial
- Term
- Negotiable
- Availability
- Q4 2026
Available Space
Listing Agency:
Cincinnati
(502) 426-1300
Listed By:
Tom Fairhurst · License #219073
(513) 297-2511
Source:
Property.jll
Added: Jul 26
Changed: Sep 15
Last Checked: Sep 16 at 12:34PM
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 Cincinnati
Investment Insights
Based on property information with market context.
This for-sale industrial and office property totals 24,560 SF and includes approximately 13,000 SF of office space. Built in 2000, the warehouse offers an 18' clear height, wet sprinkler system, floor drains, and 100% HVAC. The building is supported by columns laid out in 20' x 30' and 20' x 40' bays, with one loading dock and one drive-in door.
The property is designated Opportunity Zone and is zoned MG. Power is listed as 800A/480V/3-phase.
With both warehouse and substantial office space, the site is well-suited for businesses seeking integrated operations and workplace space under one roof, supported by dock access, drive-in entry, and slab utilities including floor drains.
The property is designated Opportunity Zone and is zoned MG. Power is listed as 800A/480V/3-phase.
With both warehouse and substantial office space, the site is well-suited for businesses seeking integrated operations and workplace space under one roof, supported by dock access, drive-in entry, and slab utilities including floor drains.
Key Highlights
- 24,560 SF warehouse with approximately 13,000 SF office space
- 18' clear height with 20' x 30' and 20' x 40' column spacing
- One dock door plus one drive‑in door
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
$213,790
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
8.55%
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%
$4,275,800
$4.3M
Cap Rate 7%
$3,054,143
$3.1M
Cap Rate 9%
$2,375,444
$2.4M
Market Conditions
NOI Build-Up for 24,560 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
$353.7K $14.40/SF
− Vacancy
−$24.8K −$1.01/SF
EGI
$328.9K $13.39/SF
− OpEx
−$115.1K −$4.69/SF
NOI
$213.8K $8.70/SF
Area
Cincinnati, OH
Vacancy
7.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
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%
$4,275,800
Cap Rate 7%
$3,054,143
Cap Rate 9%
$2,375,444
Alternative Uses
Best Use
Flex RnD
$3.05M
$2.67M – $3.56M
NOI $213,790 @ 7.0% cap · market cap 8.55%
Second Best
Warehouse
$2.05M
$1.80M – $2.39M
NOI $143,669 @ 7.0% cap · market cap 5.75%
Theoretical Best
Office A
$4.88M
$4.27M – $5.70M
NOI $341,753 @ 7.0% cap · market cap 13.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
18 ft
Clear height
1
Dock-high doors
1
Drive-in doors
Yes
Heavy power
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
221
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45204, OH
5,818
Population
3,709
Households
1.6
Avg Household Size
33
Median Age
21%
College-Educated
79%
High-School Grad
3.1 sq mi
ZIP Area
1,877
Density / Sq Mi
$30,579
Median Household Income
$26,178
Median Earnings
$771
Median Rent
$93,100
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 Cincinnati, OH
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Frequently Asked Questions
What type of property is this?
Flex space - A 24,560 SF warehouse with approximately 13,000 SF of office space, 18' clear height, wet sprinklers, and one dock.
Where is this flex space located?
The property is located at 2091 Radcliff Dr Cincinnati, OH.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 24,560 SF warehouse with approximately 13,000 SF office space; 18' clear height with 20' x 30' and 20' x 40' column spacing; One dock door plus one drive‑in door
