Automotive Shop with Drive-In
5907 Deerfield Road, Milford, OH 45150
For Sale
$699,900
An active coach-building facility has an office and showroom, with commercial zoning and adaptable space for other business uses.
Property Size6,837 SF
Price / SF$102.37
Days on Market61
Property Features for 5907 Deerfield Road
General Information
Standard status
Size
Property subtype
Zoning
Tenancy & Operations
Currently Operating
Real Estate Included
Additional Details
Highway Access
Drive-In Doors
Property Use
Amenities
Drive-in Door
Outside Storage
Lights
Building Details
Year Built
Buildings
Building Size
Listing Agency:
Red 1 Realty, LLC
(614) 706-2503
Listed By:
Mark W Arbino
(513) 290-1755
Source:
Falgnerrealty
Added: Sep 9
Changed: Nov 7
Last Checked: Nov 7 at 2:05PM
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 Red 1 Realty, LLC
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Investment Insights
Based on property information with market context.
This 6,837-square-foot automotive property in Miami Township is currently used for coach building. The 1972 structure measures 105' x 45', with a 48' x 44' rear addition completed in 1998 and fitted with a 10' x 10' drive-in door. Recent work includes a replacement office and showroom HVAC system installed about a year ago, and roofs that are approximately two years old. Commercial zoning is in place.
The property at 5907 Deerfield Road is 4 miles from I-275 and 2 miles from State Route 28. Existing automotive operations and the building’s configuration provide a basis for continued automotive use or adaptation as a warehouse, showroom, or service facility.
The property at 5907 Deerfield Road is 4 miles from I-275 and 2 miles from State Route 28. Existing automotive operations and the building’s configuration provide a basis for continued automotive use or adaptation as a warehouse, showroom, or service facility.
Key Highlights
- 6,837‑square‑foot automotive facility
- Currently operating as a coach‑building facility
- 1972 original building measures 105' x 45'
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,425
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$868,500
$868.5K
Cap Rate 7%
$620,357
$620.4K
Cap Rate 9%
$482,500
$482.5K
Market Conditions
NOI Build-Up for 6,837 SF
Gross rent
$53.3K $7.80/SF
− Vacancy
−$2.2K −$0.33/SF
EGI
$51.1K $7.47/SF
− OpEx
−$7.7K −$1.12/SF
NOI
$43.4K $6.35/SF
Area
Clermont County, OH
Vacancy
4.20%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$868,500
Cap Rate 7%
$620,357
Cap Rate 9%
$482,500
Alternative Uses
Best Use
Retail
$948.6K
$830.1K – $1.11M
NOI $66,404 @ 7.0% cap · market cap 9.49%
Second Best
Warehouse
$620.4K
$542.8K – $723.8K
NOI $43,425 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M
NOI $85,802 @ 7.0% cap · market cap 12.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 45150, OH
33,735
Population
14,432
Households
2.3
Avg Household Size
42
Median Age
41%
College-Educated
95%
High-School Grad
32.3 sq mi
ZIP Area
1,044
Density / Sq Mi
$91,780
Median Household Income
$51,494
Median Earnings
$1,033
Median Rent
$267,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Auto shop - An active coach-building facility has an office and showroom, with commercial zoning and adaptable space for other business uses.
Where is this auto shop located?
The property is located at 5907 Deerfield Road Milford, OH.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 6,837‑square‑foot automotive facility; Currently operating as a coach‑building facility; 1972 original building measures 105' x 45'
