Flex Space with Drive-Through
For Sale
Contact for pricing
8950 Glendale Milford Road, Loveland, OH 45140
Industrial-zoned masonry facility combining warehouse capacity, office space, drive-in access, and overhead lifting equipment.
Property Size11,400 SF
Lot Size1.21 Acres
Price / SF$131.58
Days on Market55
Property Features for 8950 Glendale Milford Road
General Information
Standard status
Active
Size
11,400 SF
Total Parking Spaces
15
Lot size
1.21 Acres
Property subtype
Industrial
Zoning
Industrial
Warehouse & Industrial
Warehouse Space
10,178 SF
Office Build-Out
1,222 SF
Drive-In Doors
4
Additional Details
Highway Access
Yes
Building Details
Year Built
2002
Buildings
1
Building Size
11,400 SF
Construction
masonry
Listing Agency:
Wright Property Advisors LLC
Listed By:
Brad Wright · License #OH SAL.2015002464
(513) 561-2305
Source:
Crexi
Added: Aug 25
Changed: Oct 4
Last Checked: Oct 16 at 8:14AM
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 Wright Property Advisors LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2002, this masonry flex facility contains 11,400 square feet with a practical office-and-warehouse configuration. The building includes 10,178 SF of warehouse area and 1,222 SF of office space, representing 11% office finish. Four large drive-in doors provide drive-through capability for vehicle and material movement.
Warehouse infrastructure includes two 2-ton bridge cranes, motion-activated LED lighting, a suspended gas heater, and radiant gas heaters. The office area is served by forced-air heating and cooling. The property occupies 1.21 acres and carries Industrial zoning, with the facility located within the I-275 loop in Symmes Township.
Warehouse infrastructure includes two 2-ton bridge cranes, motion-activated LED lighting, a suspended gas heater, and radiant gas heaters. The office area is served by forced-air heating and cooling. The property occupies 1.21 acres and carries Industrial zoning, with the facility located within the I-275 loop in Symmes Township.
Key Highlights
- 11,400‑square‑foot facility built in 2002 on 1.21 acres
- 10,178 SF warehouse area and 1,222 SF of office space
- Four large drive‑in doors with drive‑through capability
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,281
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,345,620
$2.3M
Cap Rate 7%
$1,675,443
$1.7M
Cap Rate 9%
$1,303,122
$1.3M
Market Conditions
NOI Build-Up for 11,400 SF
Gross rent
$184.7K $16.20/SF
− Vacancy
−$4.2K −$0.37/SF
EGI
$180.4K $15.83/SF
− OpEx
−$63.2K −$5.54/SF
NOI
$117.3K $10.29/SF
Area
Hamilton County, OH
Vacancy
2.30%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,345,620
Cap Rate 7%
$1,675,443
Cap Rate 9%
$1,303,122
Alternative Uses
Best Use
Flex RnD
$1.68M
$1.47M – $1.95M
NOI $117,281 @ 7.0% cap · market cap 7.82%
Second Best
Office B
$1.53M
$1.34M – $1.79M
NOI $107,299 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$2.04M
$1.79M – $2.38M
NOI $143,065 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
130
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 45140, OH
56,386
Population
22,684
Households
2.5
Avg Household Size
40
Median Age
53%
College-Educated
97%
High-School Grad
44.1 sq mi
ZIP Area
1,279
Density / Sq Mi
$110,781
Median Household Income
$58,882
Median Earnings
$1,379
Median Rent
$340,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Industrial-zoned masonry facility combining warehouse capacity, office space, drive-in access, and overhead lifting equipment.
Where is this flex space located?
The property is located at 8950 Glendale Milford Road Loveland, OH.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 11,400‑square‑foot facility built in 2002 on 1.21 acres; 10,178 SF warehouse area and 1,222 SF of office space; Four large drive‑in doors with drive‑through capability
