Industrial Property Near
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6043 Interstate Cir, Blue Ash, OH 45242
Industrial real estate with direct access to I-71 and I-275 in Blue Ash.
Property Size46,304 SF
Price / SF$124.18
Days on Market172
Property Features for 6043 Interstate Cir
General Information
Standard status
Active
Size
46,304 SF
Property subtype
INDUSTRIAL
Listing Agency:
JLL | Cincinnati
(513) 297-2511
Listed By:
Tom Fairhurst · License #219073
Source:
Moodyscre
Added: Mar 13
Changed: Aug 29
Last Checked: Aug 30 at 11:28PM
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 JLL | Cincinnati
Investment Insights
Based on property information with market context.
This industrial property contains 46,304 square feet and is located at 6043 Interstate Cir. The asset is positioned in Blue Ash, Ohio, within the Cincinnati market.
Regional access is a defining feature, with proximity to both I-71 and I-275. The property sits in an area identified for corporate and industrial activity, providing a location suited to businesses evaluating access across the Cincinnati region.
Regional access is a defining feature, with proximity to both I-71 and I-275. The property sits in an area identified for corporate and industrial activity, providing a location suited to businesses evaluating access across the Cincinnati region.
Key Highlights
- 46,304 square feet of industrial property
- Access to I‑71 and I‑275
- Located at 6043 Interstate Cir in Blue Ash, OH 45242
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
$244,562
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
4.25%
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%
$4,891,240
$4.9M
Cap Rate 7%
$3,493,743
$3.5M
Cap Rate 9%
$2,717,356
$2.7M
Market Conditions
NOI Build-Up for 46,304 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
$294.5K $6.36/SF
− Vacancy
−$6.8K −$0.15/SF
EGI
$287.7K $6.21/SF
− OpEx
−$43.2K −$0.93/SF
NOI
$244.6K $5.28/SF
Area
Hamilton County, OH
Vacancy
2.30%
Lease Rate
$6.36 /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%
$4,891,240
Cap Rate 7%
$3,493,743
Cap Rate 9%
$2,717,356
Alternative Uses
Best Use
Warehouse
$3.49M
$3.06M – $4.08M
NOI $244,562 @ 7.0% cap · market cap 4.25%
Second Best
Industrial
$2.88M
$2.52M – $3.36M
NOI $201,404 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$8.30M
$7.26M – $9.68M
NOI $581,097 @ 7.0% cap · market cap 10.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
866
Businesses Nearby
Explore this area
Business Placement
Demographics for 45242, OH
23,214
Population
9,587
Households
2.4
Avg Household Size
42
Median Age
70%
College-Educated
98%
High-School Grad
13.6 sq mi
ZIP Area
1,707
Density / Sq Mi
$120,869
Median Household Income
$74,505
Median Earnings
$1,781
Median Rent
$421,200
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Industrial real estate with direct access to I-71 and I-275 in Blue Ash.
Where is this industrial property located?
The property is located at 6043 Interstate Cir Blue Ash, OH.
What is the asking price?
The asking price for this property is $5,750,000.
What are key features of this property?
This property features: 46,304 square feet of industrial property; Access to I‑71 and I‑275; Located at 6043 Interstate Cir in Blue Ash, OH 45242
