Building Details

Building Size 11,155 SF

Listing Agency: Lee & Associates | Cincinnati

Listed By: Paul Schmerge · License #0000439660 Show Phone

Source: Lee-associates

Added: Jul 25 Changed: Oct 27 Last Checked: Oct 26 at 1:08PM

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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 Lee & Associates | Cincinnati

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Investment Insights

Based on property information with market context.

This industrial flex building offers a combined industrial and office setup, with 11,155 SF total building area and 3,060 SF of office space. The facility features two dock doors and one drive-in, along with 14’–15’ clear height in the warehouse area. There is also extra land behind the building that may support future expansion.

Located in West Chester Township, OH, the property is positioned for industrial and office use within the same building footprint.

The layout supports combined operations where an on-site office component is already built in, while the dock and drive-in configuration accommodates inbound and outbound activity.

Key Highlights

• 11,155 SF industrial building with 3,060 SF of office space
• 2 dock doors plus 1 drive‑in for loading and access
• 14'–15' clear height

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$85,199

Cap Rate

5.09%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,703,980 $1.7M

Cap Rate 7%

$1,217,129 $1.2M

Cap Rate 9%

$946,656 $946.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 11,155 SF

Gross rent

$107.1K $9.60/SF

− Vacancy

−$6.9K −$0.61/SF

EGI

$100.2K $8.99/SF

− OpEx

−$15.0K −$1.35/SF

NOI

$85.2K $7.64/SF

Area

Butler County, OH

Vacancy

6.40%

Lease Rate

$9.60 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,703,980

Cap Rate 7%

$1,217,129

Cap Rate 9%

$946,656

Alternative Uses

Best Use

Warehouse

$1.22M

$1.06M – $1.42M (±1% cap)

NOI $85,199 @ 7.0% cap · market cap 5.09%

Second Best

Industrial

$1.00M

$877.1K – $1.17M (±1% cap)

NOI $70,164 @ 7.0% cap · market cap 4.19%

Theoretical Best

Office A

$2.21M

$1.93M – $2.57M (±1% cap)

NOI $154,390 @ 7.0% cap · market cap 9.22%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Ingersoll Rand Customer ... Production Facility

Suggested Use

Top Pick Real Estate Agency Restaurant Pharmacy Law Firm Garden Center Grocery & Convenience Store

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

15 ft

Clear height

2

Dock-high doors

1

Drive-in doors

Location Intelligence

Trade Area within ½ mile

329

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 45011, OH

73,596

Population

28,470

Households

2.6

Avg Household Size

38

Median Age

31%

College-Educated

88%

High-School Grad

60.4 sq mi

ZIP Area

1,218

Density / Sq Mi

$90,360

Median Household Income

$45,147

Median Earnings

$1,005

Median Rent

$272,000

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Flex industrial building includes 3,060 SF office space, two dock doors, and one drive-in with additional expansion land.

Where is this flex space located?

The property is located at 4750 Ashley Drive Hamilton, OH.

What is the asking price?

The asking price for this property is $1,675,000.

What are key features of this property?

This property features: 11,155 SF industrial building with 3,060 SF of office space; 2 dock doors plus 1 drive‑in for loading and access; 14'–15' clear height