Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Conditioned Industrial Building Near I-75 Title is generated by Realmo AI

    6550 Hamilton Lebanon Road, Middletown, OH 45044

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,250,000

    27,025 SF industrial building on 4.217 acres for sale.

    Type:Industrial
    Property size:
    27,025 SF
    Price / SF:
    $120/SF
    Added:
    Nov 21, 2025
    Days on Market:
    176
    Last Refresh:
    Apr 5 at 10:41 pm

    Property Features for 6550 Hamilton Lebanon Road

    General Information

    Standard status
    Active
    Size
    27,025 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    2017

    We can help!

    Listing Contact
    Scott Kaster
    Scott Kaster

    Listing agent Scott Kaster License #OH #SAL.2009000788

    Listing office NAI Bergman

    Listing date Nov 21, 2025

    Source Naiglobal

    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 NAI Bergman

    HighLights

    • Conditioned industrial building in excellent condition, built in 2017.
    • Strategic location between Cincinnati and Dayton with convenient I‑75 access.
    • Cold room/storage included.
    • Building size: 27,025 SF.
    • Property size: 4.217 acres.
    • Close proximity to Cincinnati Premium Outlets, Kings Island, and restaurants.

    Overview

    This 27,025 square foot conditioned industrial building is available for sale or lease. The property is situated on 4.217 acres. It is located in Monroe, Ohio, between Cincinnati and Dayton, with convenient access to I-75. The location offers proximity to the Cincinnati Premium Outlets, Kings Island, and a variety of restaurants. The building includes a cold room or storage area.

    Financial Insights

    Value Estimation Calculated for Warehouse

    Conservative
    $2.29M
    NOI $206,410 @ 9.00% cap · cautious / downside scenario
    Moderate
    $2.95M
    NOI $206,410 @ 7.00% cap · market / base-case scenario
    Aggressive
    $4.13M
    NOI $206,410 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Warehouse

    Component $ $/SF
    Gross rent $259.4k $9.60
    − Vacancy −$16.6k −$0.61
    EGI $242.8k $8.99
    − OpEx −$36.4k −$1.35
    NOI $206.4k $7.64
    27,025 SF · lease $9.60/SF/yr · vacancy 6.40% · expense 15.00%

    Alternative Use Scenarios

    Best Use
    Warehouse
    $2.95M
    $2.58M – $3.44M (±1% cap)
    NOI $206,410 @ 7.0% cap · market cap 6.35%
    Second Best
    Industrial
    $2.43M
    $2.12M – $2.83M (±1% cap)
    NOI $169,985 @ 7.0% cap · market cap 5.23%
    Theoretical Best
    Office A
    $5.34M
    $4.68M – $6.23M (±1% cap)
    NOI $374,037 @ 7.0% cap · market cap 11.51%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Building Supply Nail Salon Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Butler
    State
    Ohio
    Longitude
    -84.3839
    Latitude
    39.447

    Nearby Similar for Sale

    • $300,000
      12,197 SF

      Value-Add Flex Opportunity

      Vacant flex building with customization potential on high-visibility corner lot.
      3125 Yankee Road, Middletown, OH 45044
      View Details
    • $375,000
      5,508 SF

      Middletown Multifamily Investment Opportunity

      Fully occupied four-unit property with long-term tenants and upside potential.
      3212 Elman Drive, Middletown, OH 45044
      View Details
    • $165,000
      3,548 SF

      Mixed-Use Property with Office, Residence

      Mixed-use property featuring office space and residential unit.
      2003 Central Avenue, Middletown, OH 45044
      View Details
    • $199,900
      2,176 SF

      Updated Duplex in Middletown, OH

      Fully occupied, updated duplex with separate utilities and strong income.
      40 Crawford Street, Middletown, OH 45044
      View Details
    • $625,000
      8,000 SF

      Middletown Health Care Office Space

      8,000 SF medical office with patient rooms and basement.
      74 N Breiel Blvd, Middletown, OH
      View Details
    • $1.00
      3,548 SF

      Professional Office Space in Middletown

      Office space in high-traffic area with versatile layout.
      2005 Central Avenue, Middletown, OH 45044
      View Details
    • $2,498,130
      1,649 SF

      New Starbucks with Drive-Thru

      New Starbucks with drive-thru, corporately guaranteed, high-traffic location.
      6730 Roosevelt Ave, Middletown, OH
      View Details
    • $150,000

      SINGLE_FAMILY - Middletown, OH

      136 N Breiel Boulevard, Middletown, OH 45042
      View Details
    • $1,500,000
      3,293 SF

      Former Bank in Liberty Township

      Highly visible outlot in a booming market near I-75.
      7405 N Liberty Dr, Middletown, OH
      View Details
    • $1,981,266
      11,180 SF

      Dollar Tree NNN Investment

      Single-tenant Dollar Tree with 8.5 years remaining on lease.
      1915 Central Ave, Middletown, OH 45044
      View Details
    • $2,700,000
      26,968 SF

      Two-Tenant Shopping Center Investment

      Value-add opportunity in a high-growth Cincinnati MSA corridor.
      4786 Roosevelt Blvd, Middletown, OH, USA, Middletown, OH 45044
      View Details
    • $3,995,000
      77,900 SF

      Middletown Warehouse with Outdoor Storage

      77,900 SF warehouse with parking near I-75.
      4680 Caprice Dr, Middletown, OH
      View Details

    FAQs

    What type of property is this?
    Warehouse - 27,025 SF industrial building on 4.217 acres for sale.
    Where is this warehouse located?
    The property is located at 6550 Hamilton Lebanon Road Middletown, OH.
    What is the asking price?
    The asking price for this property is $3,250,000.
    What are key features of this property?
    This property features: Conditioned industrial building in excellent condition, built in 2017.; Strategic location between Cincinnati and Dayton with convenient I‑75 access.; Cold room/storage included.
    (937) 673-4366
    We can help!
    Listing Contact
    Scott Kaster
    Scott Kaster
    Real Estate License ID: OH #SAL.2009000788
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    6550 Hamilton Lebanon Road, Middletown, OH 45044
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!