HVAC-Equipped
For Sale
Contact for pricing
4028 Binion Way, Lebanon, OH 45040
Industrial building with full HVAC, floor drains, and both dock and drive-in loading.
Property Size14,000 SF
Price / SF$175
Days on Market247
Property Features for 4028 Binion Way
General Information
Standard status
Active
Size
14,000 SF
Property subtype
INDUSTRIAL
Listing Agency:
SqFt Commercial
(513) 843-1600
Listed By:
Rod MacEachen
(513) 675-5764
Source:
Moodyscre
Added: Feb 10
Changed: Oct 14
Last Checked: Oct 15 at 12:38AM
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 SqFt Commercial
Investment Insights
Based on property information with market context.
This 14,000-square-foot warehouse provides full-building HVAC, floor drains, and a combination of dock-height and drive-in loading. The facility is zoned I-1, supporting its industrial warehouse configuration. Expansion capabilities, outdoor storage, and additional parking expansion are identified as potential property features.
Key Highlights
- 14,000 square feet of warehouse space
- 100% HVAC throughout the building
- Dock door and drive‑in door loading
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,856
Cap Rate
2.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,397,120
$1.4M
Cap Rate 7%
$997,943
$997.9K
Cap Rate 9%
$776,178
$776.2K
Market Conditions
NOI Build-Up for 14,000 SF
Gross rent
$89.7K $6.41/SF
− Vacancy
−$7.6K −$0.54/SF
EGI
$82.2K $5.87/SF
− OpEx
−$12.3K −$0.88/SF
NOI
$69.9K $4.99/SF
Area
Warren County, OH
Vacancy
8.42%
Lease Rate
$6.41 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,397,120
Cap Rate 7%
$997,943
Cap Rate 9%
$776,178
Alternative Uses
Best Use
Warehouse
$997.9K
$873.2K – $1.16M
NOI $69,856 @ 7.0% cap · market cap 2.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.13M
$2.74M – $3.65M
NOI $218,897 @ 7.0% cap · market cap 8.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
624
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 45040, OH
57,153
Population
21,977
Households
2.6
Avg Household Size
40
Median Age
65%
College-Educated
98%
High-School Grad
28.5 sq mi
ZIP Area
2,005
Density / Sq Mi
$131,803
Median Household Income
$68,422
Median Earnings
$1,691
Median Rent
$403,700
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 Midwest region
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Similar Off Market Nearby
- A Smooth Move Mason Ohio — 105 E Main St Unit #S1, Mason, OH 45040
- Mason Storage and Service — 212 N Forest Ave, Mason, OH 45040
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial building with full HVAC, floor drains, and both dock and drive-in loading.
Where is this warehouse located?
The property is located at 4028 Binion Way Lebanon, OH.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: 14,000 square feet of warehouse space; 100% HVAC throughout the building; Dock door and drive‑in door loading
