Freestanding Industrial
2500 Spring Grove Ave Cincinnati, OH 45214
2500 Spring Grove Ave, Cincinnati, OH, 45214
$495,000
For Sale
$495,000
Freestanding industrial building offers 18-foot clear height, free-span layout, and radiant heat with 220V power.
Property Size4,392 SF
Lot Size0.38 Acres
Price / SF$112.70
Days on Market29
Property Features for 2500 Spring Grove Ave
General Information
- Standard status
- Active
- Size
- 4,392 SF
- Lot size
- 0.38 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1992
Listing agency
NAI Bergman
(513) 515-5488
Listed by
Laurence Bergman · License #OH #BRKP.0000348029
(513) 515-5488
Source
Naiglobal
Added: Jun 23 Updated: Jul 21 at 6:30PM Checked: Jul 21 at 6:30PM
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 NAI Bergman
Investment Insights
Based on property information with market context.
This freestanding industrial property includes an industrial warehouse with a free-span configuration and approximately 18-foot clear height. The building is heated with radiant heat and constructed in 1992 with concrete floors. Additional improvements include floor drains, security lighting, and 220V power.
The property is zoned MG (Manufacturing General), supporting a broad range of industrial uses. It is situated on approximately 0.38 acres.
With its clear-height and free-span warehouse layout, the space is designed for flexible industrial operations within the MG zoning framework.
The property is zoned MG (Manufacturing General), supporting a broad range of industrial uses. It is situated on approximately 0.38 acres.
With its clear-height and free-span warehouse layout, the space is designed for flexible industrial operations within the MG zoning framework.
Key Highlights
- Freestanding industrial building with approximately 4,392 SF on about 0.38 acres
- 18‑foot clear height with free‑span warehouse configuration
- Zoned MG (Manufacturing General) for a broad range of industrial uses
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.7k | $7.44 |
| − Vacancy | −$2.5k | −$0.56 |
| EGI | $30.2k | $6.88 |
| − OpEx | −$4.5k | −$1.03 |
| NOI | $25.7k | $5.85 |
4,392 SF · lease $7.44/SF/yr · vacancy 7.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$367.0K
$321.2K – $428.2K
NOI $25,692 @ 7.0% cap · market cap 5.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$873.1K
$763.9K – $1.02M
NOI $61,115 @ 7.0% cap · market cap 12.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Llc
(Bike/Boat/Book/etc) Store
U-Haul Neighborhood Dealer
Car Rental Facility
Similar For Sale Nearby
Similar Off Market Nearby
- 2701SG — 2701 Spring Grove Ave, Cincinnati, OH 45225
- Stor All Self Storage — 1109 alfred st, cincinnati, oh 45214
- Rfp Secured Storage — 2028 Radcliff Dr, Cincinnati, OH 45204
- Self-Storage at U-Haul — 2001 Dalton Ave, Cincinnati, OH 45214
- iStorage — 2201 Moellering Ave, Cincinnati, OH 45214
FAQs
What type of property is this?
Warehouse - Freestanding industrial building offers 18-foot clear height, free-span layout, and radiant heat with 220V power.
Where is this warehouse located?
The property is located at 2500 Spring Grove Ave Cincinnati, OH.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Freestanding industrial building with approximately 4,392 SF on about 0.38 acres; 18‑foot clear height with free‑span warehouse configuration; Zoned MG (Manufacturing General) for a broad range of industrial uses
