Industrial Light Manufacturing
For Sale
Contact for pricing
33 Donald Dr, Fairfield, OH 45014
Recently vacated light manufacturing space with heavy power, offered for sale in Fairfield, OH.
Property Size52,509 SF
Price / SF$85.60
Days on Market212
Property Features for 33 Donald Dr
General Information
Standard status
Active
Size
52,509 SF
Total Parking Spaces
45
Property subtype
Industrial
Zoning
M2 – General Industrial District
Investment Type
Owner/User
Additional Details
Heavy Power
Yes
Building Details
Year Built
1982
Buildings
1
Listing Agency:
Lee & Associates - Cincinnati
Listed By:
Gary Fisher · License #OH SAL.2013000801
(513) 658-3411
Source:
Crexi
Added: Feb 7
Changed: Sep 7
Last Checked: Sep 7 at 6:03AM
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 Lee & Associates - Cincinnati
Investment Insights
Based on property information with market context.
This industrial facility features a light manufacturing configuration and is described as recently vacated. The space is also noted as having heavy power, which may support operations with higher electrical requirements than standard light industrial setups.
The property is located at 33 Donald Dr in Fairfield, Ohio and is currently offered for sale.
Interested parties should confirm the specific condition of interior improvements and the details of the heavy power service during due diligence.
The property is located at 33 Donald Dr in Fairfield, Ohio and is currently offered for sale.
Interested parties should confirm the specific condition of interior improvements and the details of the heavy power service during due diligence.
Key Highlights
- Recently vacated light manufacturing space for sale in Fairfield, OH
- Heavy power available
- Building was built in 1982
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
$330,277
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
7.35%
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%
$6,605,540
$6.6M
Cap Rate 7%
$4,718,243
$4.7M
Cap Rate 9%
$3,669,744
$3.7M
Market Conditions
NOI Build-Up for 52,509 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
$504.1K $9.60/SF
− Vacancy
−$32.3K −$0.61/SF
EGI
$471.8K $8.99/SF
− OpEx
−$141.5K −$2.70/SF
NOI
$330.3K $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%
$6,605,540
Cap Rate 7%
$4,718,243
Cap Rate 9%
$3,669,744
Alternative Uses
Best Use
Industrial
$4.72M
$4.13M – $5.50M
NOI $330,277 @ 7.0% cap · market cap 7.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.38M
$9.08M – $12.11M
NOI $726,746 @ 7.0% cap · market cap 16.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
836
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - Recently vacated light manufacturing space with heavy power, offered for sale in Fairfield, OH.
Where is this manufacturing property located?
The property is located at 33 Donald Dr Fairfield, OH.
What is the asking price?
The asking price for this property is $4,495,000.
What are key features of this property?
This property features: Recently vacated light manufacturing space for sale in Fairfield, OH; Heavy power available; Building was built in 1982
