Turnkey Brewery and Distillery
For Sale
Contact for pricing
3717 Jonlen Dr, Cincinnati, OH
Turnkey brewery and distillery with real estate for sale.
Property Size34,297 SF
Lot Size4.53 Acres
Price / SF$94.76
Days on Market374
Property Features for 3717 Jonlen Dr
General Information
Standard status
Active
Size
34,297 SF
Lot size
4.53 Acres
Property subtype
INDUSTRIAL
Properties For Sale
at 3717 Jonlen Dr Contact us- Floor
- Bldg
- Size
- 32,363 SF
- Type
- INDUSTRIAL
- Availability
- AVAILABLE, Now
- Sublease
- No
3717 Jonlen Dr
Listing Agency:
3CRE Advisors, LLC - corporate
(513) 383-8413
Listed By:
Michael Costantini · License ##2018001126
(513) 383-8413
Source:
Moodyscre
Added: Aug 4, 2025
Changed: Aug 8
Last Checked: Aug 8 at 5:05AM
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 3CRE Advisors, LLC - corporate
Investment Insights
Based on property information with market context.
This property presents an opportunity to acquire a turnkey brewery and distillery, including the real estate at 3717 Jonlen Drive. The site includes a 29,697-square-foot main facility and a 4,600-square-foot auxiliary building, situated on 4.5 acres. The facility is outfitted with professional-grade brewing and distilling equipment. It features designated production areas, cold storage, packaging and distribution zones, indoor and outdoor storage, office space, and ample parking. The property also offers room for future expansion.
Key Highlights
- Turnkey brewery and distillery with real estate included.
- Substantial 29,697 sq ft main facility plus 4,600 sq ft auxiliary building on 4.5 acres.
- Fully outfitted with professional‑grade brewing and distilling equipment.
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
$167,902
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
5.17%
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%
$3,358,040
$3.4M
Cap Rate 7%
$2,398,600
$2.4M
Cap Rate 9%
$1,865,578
$1.9M
Market Conditions
NOI Build-Up for 34,297 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
$255.2K $7.44/SF
− Vacancy
−$15.3K −$0.45/SF
EGI
$239.9K $6.99/SF
− OpEx
−$72.0K −$2.10/SF
NOI
$167.9K $4.90/SF
Area
Cincinnati, OH
Vacancy
6.00%
Lease Rate
$7.44 /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%
$3,358,040
Cap Rate 7%
$2,398,600
Cap Rate 9%
$1,865,578
Alternative Uses
Best Use
Industrial
$2.40M
$2.10M – $2.80M
NOI $167,902 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.82M
$5.97M – $7.95M
NOI $477,243 @ 7.0% cap · market cap 14.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Cincinnati, OH
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Brewery - Turnkey brewery and distillery with real estate for sale.
Where is this brewery located?
The property is located at 3717 Jonlen Dr Cincinnati, OH.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Turnkey brewery and distillery with real estate included.; Substantial 29,697 sq ft main facility plus 4,600 sq ft auxiliary building on 4.5 acres.; Fully outfitted with professional‑grade brewing and distilling equipment.
