Flex Warehouse with Fenced
For Sale
Contact for pricing
8805 Lancaster Ave, Cincinnati, OH 45242
Flex/warehouse with fenced concrete yard, 14’ clear height, and 1–2 drive-in doors plus office space.
Property Size5,850 SF
Lot Size0.73 Acres
Price / SF$145.13
Days on Market87
Property Features for 8805 Lancaster Ave
General Information
Standard status
Active
Size
5,850 SF
Lot size
0.73 Acres
Property subtype
INDUSTRIAL
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
14 ft
Drive-In Doors
2
Listing Agency:
Lee & Associates | Cincinnati
(513) 305-5690
Listed By:
Paul Schmerge · License #0000439660
(513) 305-5690
Source:
Moodyscre
Added: May 18
Changed: Aug 10
Last Checked: Aug 11 at 9:32AM
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 offers a combined industrial and office setup totaling 5,850 SF, including 1,650 SF of office space. The warehouse includes 14’ clear height and features 1–2 drive-in doors to support straightforward loading and operations. Outside, the site includes a fenced concrete yard, providing secure outdoor work or storage space.
Set on 0.726 acres at 8805 Lancaster Ave in Cincinnati, the property’s configuration supports users looking for on-site office functionality alongside an enclosed warehouse and dedicated yard area.
Set on 0.726 acres at 8805 Lancaster Ave in Cincinnati, the property’s configuration supports users looking for on-site office functionality alongside an enclosed warehouse and dedicated yard area.
Key Highlights
- Total 1,850 SF with 1,650 SF of office space
- 0.726‑acre lot with a fenced concrete yard
- 14’ clear height in the flex/warehouse area
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
$50,923
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
6.00%
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%
$1,018,460
$1.0M
Cap Rate 7%
$727,471
$727.5K
Cap Rate 9%
$565,811
$565.8K
Market Conditions
NOI Build-Up for 5,850 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
$84.2K $14.40/SF
− Vacancy
−$5.9K −$1.01/SF
EGI
$78.3K $13.39/SF
− OpEx
−$27.4K −$4.69/SF
NOI
$50.9K $8.70/SF
Area
Cincinnati, OH
Vacancy
7.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
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%
$1,018,460
Cap Rate 7%
$727,471
Cap Rate 9%
$565,811
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 authorities.
Property Analytics
Current Use
Lease Details
14 ft
Clear height
2
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
370
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45242, OH
23,214
Population
9,587
Households
2.4
Avg Household Size
42
Median Age
70%
College-Educated
98%
High-School Grad
13.6 sq mi
ZIP Area
1,707
Density / Sq Mi
$120,869
Median Household Income
$74,505
Median Earnings
$1,781
Median Rent
$421,200
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?
Flex space - Flex/warehouse with fenced concrete yard, 14’ clear height, and 1–2 drive-in doors plus office space.
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: Total 1,850 SF with 1,650 SF of office space; 0.726‑acre lot with a fenced concrete yard; 14’ clear height in the flex/warehouse area
