Warehouse with Industrial
For Sale
Contact for pricing
7504 Camargo Rd, Cincinnati, OH 45243
B-3-zoned warehouse positioned along Cincinnati’s Camargo Road corridor with connections to regional transportation networks.
Property Size7,800 SF
Price / SF$150
Days on Market27
Property Features for 7504 Camargo Rd
General Information
Standard status
Active
Size
7,800 SF
Property subtype
Industrial
Zoning
B-3
Lease Type
NNN
Building Details
Year Built
1958
Listing Agency:
JLL - Cincinnati, Ohio
(513) 241-4600
Listed By:
Tom Fairhurst · License #OH SAL.2005012995
Source:
Crexi
Added: Aug 4
Changed: Aug 30
Last Checked: Aug 30 at 2:01AM
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, Ohio
Investment Insights
Based on property information with market context.
This warehouse property was built in 1958 and carries B-3 zoning. The asset is located on Camargo Road in Cincinnati, within an established industrial corridor associated with warehouse, distribution, and light manufacturing activity.
The corridor provides access to major transportation networks and regional markets, with existing infrastructure supporting industrial operations. The property size is listed as 7800.
The corridor provides access to major transportation networks and regional markets, with existing infrastructure supporting industrial operations. The property size is listed as 7800.
Key Highlights
- B‑3 zoning supports the property's industrial classification
- Built in 1958
- Located on Camargo Road in Cincinnati, OH 45243
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
$45,628
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
3.90%
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%
$912,560
$912.6K
Cap Rate 7%
$651,829
$651.8K
Cap Rate 9%
$506,978
$507.0K
Market Conditions
NOI Build-Up for 7,800 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
$58.0K $7.44/SF
− Vacancy
−$4.4K −$0.56/SF
EGI
$53.7K $6.88/SF
− OpEx
−$8.1K −$1.03/SF
NOI
$45.6K $5.85/SF
Area
Cincinnati, OH
Vacancy
7.50%
Lease Rate
$7.44 /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%
$912,560
Cap Rate 7%
$651,829
Cap Rate 9%
$506,978
Alternative Uses
Best Use
Warehouse
$651.8K
$570.4K – $760.5K
NOI $45,628 @ 7.0% cap · market cap 3.90%
Second Best
Industrial
$545.5K
$477.3K – $636.4K
NOI $38,185 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,537 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
542
Businesses Nearby
Under-served
Demand for This Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - B-3-zoned warehouse positioned along Cincinnati’s Camargo Road corridor with connections to regional transportation networks.
Where is this warehouse located?
The property is located at 7504 Camargo Rd Cincinnati, OH.
What is the asking price?
The asking price for this property is $1,170,000.
What are key features of this property?
This property features: B‑3 zoning supports the property's industrial classification; Built in 1958; Located on Camargo Road in Cincinnati, OH 45243
