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Building Details

Buildings 1

Stories 2

Listing Agency: Bowling & Kugler Realty Show Phone

Listed By: Robert Kugler · License #0000311652 Show Phone

Source: Exprealty

Added: Aug 24 Changed: Oct 5 Last Checked: Oct 15 at 2:29AM

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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 Bowling & Kugler Realty

Investment Insights

Based on property information with market context.

This multipurpose flex property combines showroom and warehouse space with a practical range of existing improvements. The building includes three drive-in doors, a walk-in cooler, and three baths. An unfinished second-floor area provides office or storage capacity, while the overall layout can accommodate warehouse, retail, flex, or office use.

The property encompasses 3.16 acres at 2456 Millville Oxford Rd in Hamilton, Ohio. On-site parking and access serve the building, and the space can be divided to support different operational configurations.

Key Highlights

• 3.16‑acre commercial property at 2456 Millville Oxford Rd, Hamilton, OH
• Showroom and warehouse building with 3 drive‑in doors
• Walk‑in cooler included

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$78,913

Cap Rate

4.94%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,578,260 $1.6M

Cap Rate 7%

$1,127,329 $1.1M

Cap Rate 9%

$876,811 $876.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,332 SF

Gross rent

$99.2K $9.60/SF

− Vacancy

−$6.3K −$0.61/SF

EGI

$92.8K $8.99/SF

− OpEx

−$13.9K −$1.35/SF

NOI

$78.9K $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 Rate 5%

$1,578,260

Cap Rate 7%

$1,127,329

Cap Rate 9%

$876,811

Alternative Uses

Best Use

Warehouse

$1.13M

$986.4K – $1.32M (±1% cap)

NOI $78,913 @ 7.0% cap · market cap 4.94%

Second Best

Industrial

$928.4K

$812.3K – $1.08M (±1% cap)

NOI $64,987 @ 7.0% cap · market cap 4.06%

Theoretical Best

Office A

$2.04M

$1.79M – $2.38M (±1% cap)

NOI $142,999 @ 7.0% cap · market cap 8.94%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Imfeld Nursery, Ltd Landscaping

Suggested Use

Top Pick HVAC Service Storage Facility Garden Center Furniture & Home Goods Law Firm Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Drive-in doors

Location Intelligence

Trade Area within ½ mile

49

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 45013, OH

53,911

Population

21,734

Households

2.5

Avg Household Size

41

Median Age

23%

College-Educated

92%

High-School Grad

117.7 sq mi

ZIP Area

458

Density / Sq Mi

$72,932

Median Household Income

$40,730

Median Earnings

$967

Median Rent

$217,200

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Adaptable commercial building combining showroom, warehouse, office, and retail functionality with on-site parking.

Where is this flex space located?

The property is located at 2456 Millville Oxford Rd Hamilton, OH.

What is the asking price?

The asking price for this property is $1,599,000.

What are key features of this property?

This property features: 3.16‑acre commercial property at 2456 Millville Oxford Rd, Hamilton, OH; Showroom and warehouse building with 3 drive‑in doors; Walk‑in cooler included