Open Warehouse with Office
434 Mcgregor Ave Cincinnati, OH 45206
434 Mcgregor Ave, Cincinnati, OH, 45206
$600,000
For Sale
$600,000
Open warehouse includes a drive-in truck door plus office and showroom/reception areas.
Property Size9,000 SF
Price / SF$66.67
Days on Market92
Property Features for 434 Mcgregor Ave
General Information
- Standard status
- Active
- Size
- 9,000 SF
Listing agency
Comey & Shepherd
(513) 235-9951
Listed by
Sean D Donovan
(513) 235-9951
Source
Exprealty
Added: Apr 21 Updated: Jul 21 at 3:46AM Checked: Jul 21 at 3:46AM
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
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.
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
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 | $67.0k | $7.44 |
| − Vacancy | −$5.0k | −$0.56 |
| EGI | $61.9k | $6.88 |
| − OpEx | −$9.3k | −$1.03 |
| NOI | $52.6k | $5.85 |
9,000 SF · lease $7.44/SF/yr · vacancy 7.50% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.53M
$1.34M – $1.79M
NOI $107,416 @ 7.0% cap · market cap 17.90%
Second Best
Warehouse
$752.1K
$658.1K – $877.5K
NOI $52,647 @ 7.0% cap · market cap 8.77%
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,235 @ 7.0% cap · market cap 20.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
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
