Multi-Use Flex
5095 Crookshank Road Cincinnati, OH 45238
For Sale
$1,400,000
Flex space offering a mix of office and warehouse/manufacturing areas with drive-in doors, high ceilings, and crane system.
Property Size19,664 SF
Price / SF$71.20
Days on Market1515
Property Features for 5095 Crookshank Road
General Information
- Standard status
- Active
- Size
- 19,664 SF
- Property subtype
- General Commercial
Listing Agency:
(812) 584-6880
Listed By:
Lohmiller Real Estate
(812) 584-6880
Source:
Xome
Added: Jun 1, 2022
Changed: Jul 23
Last Checked: Jul 23 at 3:08PM
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 Lohmiller Real Estate
Investment Insights
Based on property information with market context.
This multi-use flex building provides a combined warehouse/manufacturing and office setup totaling 19,664 square feet. The approximately 9,000 square feet of office space includes a dozen-plus private offices, several conference rooms, a break room, a training room, an IT server room, and additional co-working spaces.
The remaining area is configured for warehouse and manufacturing use, with drive-in doors and high ceilings. Operational features include all utilities, secured access, and a crane system.
The property is described as potentially packagable with adjacent buildings, supporting multi-building flexibility for businesses that may need additional space.
The remaining area is configured for warehouse and manufacturing use, with drive-in doors and high ceilings. Operational features include all utilities, secured access, and a crane system.
The property is described as potentially packagable with adjacent buildings, supporting multi-building flexibility for businesses that may need additional space.
Key Highlights
- 19,664 sq ft multi‑use flex building with an approximately 9,000 sq ft office plus warehouse & manufacturing space
- Office area includes over a dozen private offices, multiple conference rooms, break room, training room, and IT server room
- Warehouse features drive‑in doors, high ceilings, secured access, and a crane system
Financial Insights For Warehouse
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 | $146.3k | $7.44 |
| − Vacancy | −$11.0k | −$0.56 |
| EGI | $135.3k | $6.88 |
| − OpEx | −$20.3k | −$1.03 |
| NOI | $115.0k | $5.85 |
19,664 SF · lease $7.44/SF/yr · vacancy 7.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.64M
$1.44M – $1.92M
NOI $115,029 @ 7.0% cap · market cap 8.22%
Second Best
Flex RnD
$1.61M
$1.41M – $1.88M
NOI $112,887 @ 7.0% cap · market cap 8.06%
Theoretical Best
Office A
$4.38M
$3.83M – $5.10M
NOI $306,275 @ 7.0% cap · market cap 21.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Flex space offering a mix of office and warehouse/manufacturing areas with drive-in doors, high ceilings, and crane system.
Where is this flex space located?
The property is located at 5095 Crookshank Road Cincinnati, OH.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 19,664 sq ft multi‑use flex building with an approximately 9,000 sq ft office plus warehouse & manufacturing space; Office area includes over a dozen private offices, multiple conference rooms, break room, training room, and IT server room; Warehouse features drive‑in doors, high ceilings, secured access, and a crane system
