Flex Warehouse
8805 Lancaster Ave Cincinnati, OH 45242
For Sale
Contact for pricing
Flex/warehouse property located on Lancaster Avenue off Blue Ash Road in Sycamore Township, Ohio.
Property Size5,850 SF
Price / SF$145.13
Days on Market99
Property Features for 8805 Lancaster Ave
General Information
- Standard status
- Active
- Size
- 5,850 SF
- Property subtype
- Industrial
Listing Agency:
Lee & Associates - Cincinnati
(513) 588-1107
Listed By:
Paul Schmerge · License #0000439660
Source:
Crexi
Added: Apr 16
Changed: Jul 23
Last Checked: Jul 23 at 1:37PM
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 Lee & Associates - Cincinnati
Investment Insights
Based on property information with market context.
This flex/warehouse property is listed for sale and is located at 8805 Lancaster Ave in Cincinnati, Ohio. The offering is described as a combined flex and warehouse setup, providing space suited to mixed operations that require warehouse functionality.
The property is situated on Lancaster Avenue, off of Blue Ash Road, within Sycamore Township, Ohio.
For buyers and tenants evaluating space for industrial or flex-related uses, this property’s flexibility comes through its flex/warehouse configuration as described in the listing.
The property is situated on Lancaster Avenue, off of Blue Ash Road, within Sycamore Township, Ohio.
For buyers and tenants evaluating space for industrial or flex-related uses, this property’s flexibility comes through its flex/warehouse configuration as described in the listing.
Key Highlights
- Flex/warehouse property located on Lancaster Avenue, off Blue Ash Road in Sycamore Township, Ohio.
Financial Insights For Flex RnD
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 | $84.2k | $14.40 |
| − Vacancy | −$5.9k | −$1.01 |
| EGI | $78.3k | $13.39 |
| − OpEx | −$27.4k | −$4.69 |
| NOI | $50.9k | $8.70 |
5,850 SF · lease $14.40/SF/yr · vacancy 7.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$727.5K
$636.5K – $848.7K
NOI $50,923 @ 7.0% cap · market cap 6.00%
Second Best
Warehouse
$488.9K
$427.8K – $570.4K
NOI $34,221 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,403 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Ohio Wood Connection
Building Supply
Similar Off Market Nearby
- Garnish Catering — 4171 Hunt Rd, Blue Ash, OH 45236
- Catch-a-Fire Pizza -Blue Ash — 9290 Kenwood Rd, Blue Ash, OH 45242
FAQs
What type of property is this?
Flex space - Flex/warehouse property located on Lancaster Avenue off Blue Ash Road in Sycamore Township, Ohio.
Where is this flex space located?
The property is located at 8805 Lancaster Ave Cincinnati, OH.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Flex/warehouse property located on Lancaster Avenue, off Blue Ash Road in Sycamore Township, Ohio.
