Clear-Span Industrial
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6901 Morrison Pl, Cincinnati, OH 45243
Freestanding industrial property with clear-span construction, one drive-in door, and three-phase electrical service.
Property Size3,225 SF
Price / SF$150
Days on Market4
Property Features for 6901 Morrison Pl
General Information
Standard status
Active
Size
3,225 SF
Property subtype
INDUSTRIAL
Listing Agency:
JLL | Cincinnati
(513) 297-2511
Listed By:
Tom Fairhurst · License #219073
Source:
Moodyscre
Added: Aug 6
Changed: Aug 9
Last Checked: Aug 9 at 5:11AM
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.
Located at 6901 Morrison Pl in Cincinnati, Ohio, this industrial property contains a 3,225-square-foot building on 0.386 AC. The 1954 structure features clear-span construction, a 13-foot clear height, and one drive-in door. There are no dock doors.
Electrical service includes 480v, 3 phase, and 225 Amps. The property is zoned B- 3 and includes parcel IDs 525-0003-0434 and 525-0003-0429.
Electrical service includes 480v, 3 phase, and 225 Amps. The property is zoned B- 3 and includes parcel IDs 525-0003-0434 and 525-0003-0429.
Key Highlights
- 3,225 SF industrial building on 0.386 AC
- 13' clear height
- Clear‑span column configuration
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
$15,788
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
3.26%
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%
$315,760
$315.8K
Cap Rate 7%
$225,543
$225.5K
Cap Rate 9%
$175,422
$175.4K
Market Conditions
NOI Build-Up for 3,225 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
$24.0K $7.44/SF
− Vacancy
−$1.4K −$0.45/SF
EGI
$22.6K $6.99/SF
− OpEx
−$6.8K −$2.10/SF
NOI
$15.8K $4.90/SF
Area
Cincinnati, OH
Vacancy
6.00%
Lease Rate
$7.44 /SF/Yr
Expense Ratio
30.00%
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%
$315,760
Cap Rate 7%
$225,543
Cap Rate 9%
$175,422
Alternative Uses
Best Use
Industrial
$225.5K
$197.4K – $263.1K
NOI $15,788 @ 7.0% cap · market cap 3.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$641.1K
$561.0K – $747.9K
NOI $44,876 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,284
Businesses Nearby
Explore this area
Business Placement
Demographics for 45243, OH
15,894
Population
6,160
Households
2.6
Avg Household Size
43
Median Age
71%
College-Educated
98%
High-School Grad
19.4 sq mi
ZIP Area
819
Density / Sq Mi
$170,006
Median Household Income
$89,024
Median Earnings
$1,962
Median Rent
$616,900
Median Home Value
Market
Vacancy Rate% for Industrial in Cincinnati, OH
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Freestanding industrial property with clear-span construction, one drive-in door, and three-phase electrical service.
Where is this industrial property located?
The property is located at 6901 Morrison Pl Cincinnati, OH.
What is the asking price?
The asking price for this property is $483,750.
What are key features of this property?
This property features: 3,225 SF industrial building on 0.386 AC; 13' clear height; Clear‑span column configuration
