Building Details

Building Size 99,000 SF

Listing Agency: CBRE | Cincinnati Show Phone

Listed By: Doug Whitten · License #2005000631 Show Phone

Source: Moodyscre

Added: Nov 17, 2025 Changed: Oct 25 Last Checked: Oct 26 at 6:55PM

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Investment Insights

Based on property information with market context.

This warehouse property includes approximately 99,000 SF of industrial space with a dedicated office component of approximately 6,000 SF. The facility offers 21’ clear height and a 40’ x 40’ column spacing pattern designed for efficient operating layouts. Loading is supported by 9 dock doors, with the ability to expand to 14, along with 1 drive-in door.

The site provides about 8.2 acres of land and approximately 60 auto parking spaces. The warehouse design includes substantial vertical clearance and dock capacity that can support a range of logistics and distribution needs.

With its dock door count, expandable loading configuration, and moderate office presence, the property is structured to accommodate both warehouse operations and on-site administrative functions.

Key Highlights

• ±99,000 SF warehouse with ±6,000 SF office and 21' clear height
• 9 dock doors expandable to 14 dock doors
• 40' x 40' column spacing

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$639,662

Cap Rate

9.14%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$12,793,240 $12.8M

Cap Rate 7%

$9,138,029 $9.1M

Cap Rate 9%

$7,107,356 $7.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 100,000 SF

Gross rent

$804.0K $8.04/SF

− Vacancy

−$51.5K −$0.51/SF

EGI

$752.5K $7.53/SF

− OpEx

−$112.9K −$1.13/SF

NOI

$639.7K $6.40/SF

Area

Montgomery County, OH

Vacancy

6.40%

Lease Rate

$8.04 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$12,793,240

Cap Rate 7%

$9,138,029

Cap Rate 9%

$7,107,356

Alternative Uses

Best Use

Warehouse

$9.14M

$8.00M – $10.66M (±1% cap)

NOI $639,662 @ 7.0% cap · market cap 9.14%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$945.81M

$827.58M – $1,103.45M (±1% cap)

NOI $66,206,700 @ 7.0% cap · market cap 945.81%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Datwyler Sealing Solutions ... Industrial Manufacturer

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Dental Office Big Box & Wholesale Store Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

21 ft

Clear height

9

Dock-high doors

1

Drive-in doors

Location Intelligence

Trade Area within ½ mile

170

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 45377, OH

15,070

Population

6,800

Households

2.2

Avg Household Size

43

Median Age

28%

College-Educated

94%

High-School Grad

21.2 sq mi

ZIP Area

711

Density / Sq Mi

$82,617

Median Household Income

$46,969

Median Earnings

$872

Median Rent

$191,700

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - Warehouse offering 9 dock doors, expandable to 14, plus a 6,000 SF office and 21' clear height.

Where is this warehouse located?

The property is located at 875 Center Dr Vandalia, OH.

What is the asking price?

The asking price for this property is $7,000,000.

What are key features of this property?

This property features: ±99,000 SF warehouse with ±6,000 SF office and 21' clear height; 9 dock doors expandable to 14 dock doors; 40' x 40' column spacing