4727-4785 Dixie Hwy, Fairfield, OH
Fully occupied retail center in Fairfield, Ohio with upside potential.
- Added:
- Dec 3, 2024
- Days on Market:
- 557
- Last Refresh:
- May 20 at 8:21 pm
Property Features for 4727-4785 Dixie Hwy
General Information
- Standard status
- Active
- Size
- 96,313 SF
- Lot size
- 7.55 Acres
- Property subtype
- RETAIL
Properties For Sale
at 4727-4785 Dixie Hwy Contact usListing agent Dan Lewkowicz License #MI 6502378067 (248) 702-0626
Listing office Encore Real Estate Investment Services (248) 702-0626
Listing date Dec 3, 2024
Source Moodyscre
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 Encore Real Estate Investment Services
HighLights
- Fully occupied retail center with high visibility and easy access.
- Prime retail location in Fairfield, Ohio (Cincinnati MSA).
- High traffic count: Over 27,200 vehicles per day.
- Strong demographics: Over 168,400 residents and $93,600 average household income within 5 miles.
- Below market rent of $7.05 PSF with upside potential.
- 11 of 13 tenants on NNN leases with CAM reimbursements.
Overview
Local Financial Insights For Retail
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 | $624.1k | $6.48 |
| − Vacancy | −$39.9k | −$0.41 |
| EGI | $584.2k | $6.07 |
| − OpEx | −$175.2k | −$1.82 |
| NOI | $408.9k | $4.25 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Car lot — 4597 Dixie Hwy, Fairfield, OH 45014
Location Insight
- Map
- Local Demand
- City
- Fairfield
- County
- Butler
- State
- Ohio
- Longitude
- -84.5425
- Latitude
- 39.3474