Industrial Warehouse with Drive-In
New
For Sale
Contact for pricing
4875 Factory Dr., Fairfield, OH 45014
Two industrial buildings feature gas-fired heat and multiple electrical service configurations.
Property Size7,840 SF
Lot Size0.46 Acres
Price / SF$88.65
Days on Market6
Property Features for 4875 Factory Dr.
General Information
Standard status
Active
Size
7,840 SF
Total Parking Spaces
5
Lot size
0.46 Acres
Property subtype
Industrial
Zoning
M-2
Warehouse & Industrial
Clear Height
14.5 ft
Clear Span
Yes
Drive-In Doors
2
Voltage
220 V
Three-Phase Power
Yes
Building Details
Year Built
1992
Buildings
2
Construction
pre-engineered metal and masonry
Listing Agency:
SqFt Commercial
Listed By:
Roddy MacEachen · License #OH SAL.2010001717
(513) 739-3985
Source:
Crexi
Added: Sep 20
Changed: Sep 24
Last Checked: Sep 24 at 3:09PM
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.
The 7,840-square-foot industrial property comprises two buildings with pre-engineered metal and masonry construction. Clear heights range from 11 feet to 14 feet 6 inches, and clearspan column spacing serves both structures. Two 12-by-12-foot drive-in doors provide building access. Heating is supplied by natural gas-fired unit heaters, with fluorescent T-8 lighting. Electrical service options include 110 single phase, 220V single phase, and 220V three phase, with outlets every 6 feet. The property was built in 1992 on 0.46 acres and has five parking spaces.
Located in Fairfield, the property is minutes from I-75 at Union Centre, SR-129 at Bypass 4, and I-275 at Route 4/Dixie Highway. Zoning is M-2 General Industrial District.
Located in Fairfield, the property is minutes from I-75 at Union Centre, SR-129 at Bypass 4, and I-275 at Route 4/Dixie Highway. Zoning is M-2 General Industrial District.
Key Highlights
- 7,840‑square‑foot industrial property on 0.46 acres
- Two buildings with pre‑engineered metal and masonry construction
- Clear heights of 11'-14'6" and clearspan column spacing
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$59,880
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,197,600
$1.2M
Cap Rate 7%
$855,429
$855.4K
Cap Rate 9%
$665,333
$665.3K
Market Conditions
NOI Build-Up for 7,840 SF
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.
Gross rent
$75.3K $9.60/SF
− Vacancy
−$4.8K −$0.61/SF
EGI
$70.4K $8.99/SF
− OpEx
−$10.6K −$1.35/SF
NOI
$59.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,197,600
Cap Rate 7%
$855,429
Cap Rate 9%
$665,333
Alternative Uses
Best Use
Warehouse
$855.4K
$748.5K – $998.0K
NOI $59,880 @ 7.0% cap · market cap 8.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,509 @ 7.0% cap · market cap 15.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
14 ft
Clear height
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
666
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45014, OH
46,169
Population
19,926
Households
2.3
Avg Household Size
40
Median Age
31%
College-Educated
91%
High-School Grad
22.6 sq mi
ZIP Area
2,043
Density / Sq Mi
$69,624
Median Household Income
$44,611
Median Earnings
$1,145
Median Rent
$215,700
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
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Similar Off Market Nearby
- Public Storage — 5201 Dixie Hwy, Fairfield, OH 45014
- Prestige Storage - Fairfield — 4817 Factory Dr, Fairfield, OH 45014
- Littlejohn Inc — 1304 Hicks Blvd, Fairfield, OH 45014
- Tri-County RV & Boat Storage — 1396 Veterans Dr, Fairfield, OH 45014
- Commonwealth Inc. — 4446 Dixie Hwy, Fairfield, OH 45014
Frequently Asked Questions
What type of property is this?
Warehouse - Two industrial buildings feature gas-fired heat and multiple electrical service configurations.
Where is this warehouse located?
The property is located at 4875 Factory Dr. Fairfield, OH.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 7,840‑square‑foot industrial property on 0.46 acres; Two buildings with pre‑engineered metal and masonry construction; Clear heights of 11'-14'6" and clearspan column spacing
