Industrial Flex Building with Multiple
For Sale
$1,200,000
4676 Paddock Rd, Cincinnati, OH 45229
Industrial-flex facility offers three dock positions, a drive-in door, and 14’ clearance with high-end finishes.
Property Size15,065 SF
Days on Market141
Property Features for 4676 Paddock Rd
General Information
Standard status
Active
Size
15,065 SF
Property subtype
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
14 ft
Dock-High Doors
3
Drive-In Doors
1
Building Details
Building Size
15,065 SF
Listing Agency:
Lee & Associates | Cincinnati
Listed By:
Paul Schmerge · License #0000439660
(513) 305-5690
Source:
Lee-associates
Added: Jun 3
Changed: Oct 21
Last Checked: Oct 20 at 7:20PM
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 Lee & Associates | Cincinnati
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property is an industrial/flex building available for sale, designed to support both warehouse and light industrial use. The building includes three dock positions and one drive-in door, with approximately 14’ clearance. Interior lighting consists of LED fixtures, and the space is described as having high-end finishes.
The building has excellent visibility along Paddock Road and offers immediate access to SR-562. It is positioned for convenient connectivity to major routes, with I-71 and I-75 nearby. The current occupancy is in place at the time of sale.
For users evaluating the site, the combination of dock access, a drive-in door, and LED lighting aligns with typical industrial distribution and service requirements. Occupancy is available beginning May 1, 2027, allowing interested parties to plan for move-in timing around leasing or operational schedules.
The building has excellent visibility along Paddock Road and offers immediate access to SR-562. It is positioned for convenient connectivity to major routes, with I-71 and I-75 nearby. The current occupancy is in place at the time of sale.
For users evaluating the site, the combination of dock access, a drive-in door, and LED lighting aligns with typical industrial distribution and service requirements. Occupancy is available beginning May 1, 2027, allowing interested parties to plan for move-in timing around leasing or operational schedules.
Key Highlights
- Industrial/flex building for sale with 3 dock positions and 1 drive‑in door
- 149 clearance and LED lighting
- High‑end finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,751
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,475,020
$1.5M
Cap Rate 7%
$1,053,586
$1.1M
Cap Rate 9%
$819,456
$819.5K
Market Conditions
NOI Build-Up for 15,065 SF
Gross rent
$112.1K $7.44/SF
− Vacancy
−$6.7K −$0.45/SF
EGI
$105.4K $6.99/SF
− OpEx
−$31.6K −$2.10/SF
NOI
$73.8K $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 Rate 5%
$1,475,020
Cap Rate 7%
$1,053,586
Cap Rate 9%
$819,456
Alternative Uses
Best Use
Flex RnD
$1.87M
$1.64M – $2.19M
NOI $131,138 @ 7.0% cap · market cap 10.93%
Second Best
Industrial
$1.05M
$921.9K – $1.23M
NOI $73,751 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$2.99M
$2.62M – $3.49M
NOI $209,630 @ 7.0% cap · market cap 17.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
14 ft
Clear height
3
Dock-high doors
1
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
501
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45229, OH
12,540
Population
7,813
Households
1.6
Avg Household Size
37
Median Age
31%
College-Educated
87%
High-School Grad
2.7 sq mi
ZIP Area
4,644
Density / Sq Mi
$30,829
Median Household Income
$25,772
Median Earnings
$831
Median Rent
$316,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Cincinnati, OH
Frequently Asked Questions
What type of property is this?
Flex space - Industrial-flex facility offers three dock positions, a drive-in door, and 14’ clearance with high-end finishes.
Where is this flex space located?
The property is located at 4676 Paddock Rd Cincinnati, OH.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Industrial/flex building for sale with 3 dock positions and 1 drive‑in door; 149 clearance and LED lighting; High‑end finishes
