Cincinnati Warehouse Space For
605 N Wayne Ave Cincinnati, OH
For Sale
Contact for pricing
197,014 square foot warehouse available in Cincinnati, OH.
Property Size197,014 SF
Lot Size5.69 Acres
Price / SF$142.12
Days on Market498
Property Features for 605 N Wayne Ave
General Information
Standard status
Active
Size
197,014 SF
Lot size
5.69 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Marcus & Millichap | Chicago Downtown
(312) 327-5458
Listed By:
Alex Gallicho · License #(S):IL:475.177502
(312) 327-5458
Source:
Moodyscre
Added: Mar 19, 2025
Changed: Jul 6
Last Checked: Jul 21 at 5:53AM
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 Marcus & Millichap | Chicago Downtown
Investment Insights
Based on property information with market context.
This industrial property in Cincinnati, OH, offers a substantial warehouse space of 197,014 square feet. The property is intended for use as a warehouse.
Key Highlights
- 197,014 square foot warehouse
- Located in Cincinnati, OH
- Warehouse available
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 | $1.47M | $7.44 |
| − Vacancy | −$109.9k | −$0.56 |
| EGI | $1.36M | $6.88 |
| − OpEx | −$203.4k | −$1.03 |
| NOI | $1.15M | $5.85 |
197,014 SF · lease $7.44/SF/yr · vacancy 7.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$16.46M
$14.41M – $19.21M
NOI $1,152,473 @ 7.0% cap · market cap 4.12%
Second Best
Industrial
$13.78M
$12.06M – $16.07M
NOI $964,486 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$39.16M
$34.27M – $45.69M
NOI $2,741,451 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Industrial property - 197,014 square foot warehouse available in Cincinnati, OH.
Where is this industrial property located?
The property is located at 605 N Wayne Ave Cincinnati, OH.
What is the asking price?
The asking price for this property is $28,000,000.
What are key features of this property?
This property features: 197,014 square foot warehouse; Located in Cincinnati, OH; Warehouse available
