Warehouse with Outdoor
For Sale
Contact for pricing
4585 Cornell Rd, Blue Ash, OH 45241
Industrial facility with dock access, gated storage, and upgraded office and parking improvements.
Property Size31,100 SF
Price / SF$173.63
Days on Market53
Property Features for 4585 Cornell Rd
General Information
Standard status
Active
Size
31,100 SF
Property subtype
INDUSTRIAL
Zoning
BAN
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Dock-High Doors
2
Drive-In Doors
1
Power
600 amps
Voltage
480 V
Three-Phase Power
Yes
Additional Details
Asking Price
$5,400,000
Building Details
Year Renovated
2021
Listing Agency:
SqFt Commercial
(513) 843-1600
Listed By:
Rod MacEachen
(513) 675-5764
Source:
Moodyscre
Added: Aug 14
Changed: Sep 12
Last Checked: Oct 5 at 5:44PM
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 31,100-square-foot warehouse in Blue Ash includes two loading docks, one drive-in door, floor drains, and exhaust fans. Electrical service is configured at 480-volt, 3-phase, 600 amps, with a back-up generator supporting the facility. A fenced and gated outdoor storage area adds 0.50 acre of secured exterior space.
The property is located near I-71 at Pfeiffer Road, I-75 at Sharon Road, and I-275 at Reed Hartman Highway. Building additions, office remodeling, and parking expansion were completed in 2020/2021. The property is zoned BAN – Blue Ash North.
The property is located near I-71 at Pfeiffer Road, I-75 at Sharon Road, and I-275 at Reed Hartman Highway. Building additions, office remodeling, and parking expansion were completed in 2020/2021. The property is zoned BAN – Blue Ash North.
Key Highlights
- 31,100 square feet of warehouse space
- Two docks and one drive‑in door
- 480‑volt, 3‑phase, 600‑amp electrical service with back‑up generator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$164,260
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,285,200
$3.3M
Cap Rate 7%
$2,346,571
$2.3M
Cap Rate 9%
$1,825,111
$1.8M
Market Conditions
NOI Build-Up for 31,100 SF
Gross rent
$197.8K $6.36/SF
− Vacancy
−$4.5K −$0.15/SF
EGI
$193.2K $6.21/SF
− OpEx
−$29.0K −$0.93/SF
NOI
$164.3K $5.28/SF
Area
Hamilton County, OH
Vacancy
2.30%
Lease Rate
$6.36 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,285,200
Cap Rate 7%
$2,346,571
Cap Rate 9%
$1,825,111
Alternative Uses
Best Use
Warehouse
$2.35M
$2.05M – $2.74M
NOI $164,260 @ 7.0% cap · market cap 3.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.58M
$4.88M – $6.50M
NOI $390,293 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Dock-high doors
1
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,366
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45241, OH
24,380
Population
11,131
Households
2.2
Avg Household Size
44
Median Age
48%
College-Educated
95%
High-School Grad
17.5 sq mi
ZIP Area
1,393
Density / Sq Mi
$94,943
Median Household Income
$60,857
Median Earnings
$1,137
Median Rent
$292,000
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Blue Ash Self Store & Lock — 11380 Grooms Rd, Cincinnati, OH 45242
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial facility with dock access, gated storage, and upgraded office and parking improvements.
Where is this warehouse located?
The property is located at 4585 Cornell Rd Blue Ash, OH.
What is the asking price?
The asking price for this property is $5,400,000.
What are key features of this property?
This property features: 31,100 square feet of warehouse space; Two docks and one drive‑in door; 480‑volt, 3‑phase, 600‑amp electrical service with back‑up generator
