Building Details

Year Built 1963

Listing Agency: Comey & Shepherd

Listed By: Sean D Donovan · License #2013002134 Show Phone

Source: Missyfriede

Added: May 25 Changed: Oct 4 Last Checked: Oct 7 at 5:02PM

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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 Comey & Shepherd

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Investment Insights

Based on property information with market context.

This property is a 9,000-square-foot open warehouse with a drive-in truck door. The space also includes office, showroom, and a reception area, providing a built-in front-of-house component for customer or visitor traffic.

The warehouse is described as being located close to Downtown, hospitals, and UC campus, which may support a variety of back-of-house and light distribution needs depending on fit.

As presented, the combination of an open warehouse layout with dedicated office and showroom/reception space can accommodate tenants looking for both operational storage/work areas and customer-facing space within the same facility.

Key Highlights

• 9000 SF open warehouse
• Includes a drive‑in truck door for vehicle access
• Office, showroom, and reception areas included

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$52,647

Cap Rate

8.77%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,052,940 $1.1M

Cap Rate 7%

$752,100 $752.1K

Cap Rate 9%

$584,967 $585.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,000 SF

Gross rent

$67.0K $7.44/SF

− Vacancy

−$5.0K −$0.56/SF

EGI

$61.9K $6.88/SF

− OpEx

−$9.3K −$1.03/SF

NOI

$52.6K $5.85/SF

Area

Cincinnati, OH

Vacancy

7.50%

Lease Rate

$7.44 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,052,940

Cap Rate 7%

$752,100

Cap Rate 9%

$584,967

Alternative Uses

Best Use

Warehouse

$752.1K

$658.1K – $877.5K (±1% cap)

NOI $52,647 @ 7.0% cap · market cap 8.77%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.79M

$1.57M – $2.09M (±1% cap)

NOI $125,235 @ 7.0% cap · market cap 20.87%

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

Warehouses

Suggested Use

Top Pick Kitchen & Bath Showroom Big Box & Wholesale Store Building Supply Electrical Service Furniture & Home Goods HVAC Service

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

1

Drive-in doors

Location Intelligence

Trade Area within ½ mile

2,644

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 45206, OH

10,670

Population

7,191

Households

1.5

Avg Household Size

37

Median Age

49%

College-Educated

87%

High-School Grad

2.0 sq mi

ZIP Area

5,335

Density / Sq Mi

$51,128

Median Household Income

$44,936

Median Earnings

$849

Median Rent

$269,900

Median Home Value

Market

Vacancy Rate% for Industrial in Cincinnati, OH

4.2% 2019

5% 2020

4.1% 2021

1.7% 2022

5.1% 2023

5.6% 2024

6.2% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - Open warehouse includes a drive-in truck door plus office and showroom/reception areas.

Where is this warehouse located?

The property is located at 434 McGregor Ave Cincinnati, OH.

What is the asking price?

The asking price for this property is $600,000.

What are key features of this property?

This property features: 9000 SF open warehouse; Includes a drive‑in truck door for vehicle access; Office, showroom, and reception areas included