Versatile Property Near
913 Lebanon St, Monroe, OH 45050
For Sale
Contact for pricing
Adaptable building suitable for event center, church, or restaurant.
Property Size7,191 SF
Price / SF$166.88
Days on Market241
Property Features for 913 Lebanon St
General Information
Standard status
Size
Class
Property subtype
Zoning
Investment Type
Building Details
Year Built
Buildings
Stories
Listing Agency:
Republic Commercial Real Estate
Listed By:
Nick Barela · License OH #2011000312
(513) 549-5440
Source:
Crexi
Added: Mar 16
Changed: Nov 7
Last Checked: Nov 10 at 6:31AM
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 Republic Commercial Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property offers immediate access to I-75 (Exit 29) and frontage on SR 63. The building features a 70' x 38' dining hall, a commercial kitchen, and multiple support rooms. It includes two full kitchens, large restrooms, and dedicated storage areas. A separate 4-car brick garage/maintenance building is also located on the premises. The property is surrounded by over 100 surface parking spaces. The zoning allows for various uses, including an event center, church, restaurant, or redevelopment.
Key Highlights
- Prime location with immediate access to I‑75 (Exit 29) and SR 63 frontage.
- Flexible zoning ideal for event center, church, restaurant, or redevelopment.
- Ample parking with 100+ surface spaces.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,721
Cap Rate
6.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,514,420
$1.5M
Cap Rate 7%
$1,081,729
$1.1M
Cap Rate 9%
$841,344
$841.3K
Market Conditions
NOI Build-Up for 7,191 SF
Gross rent
$107.9K $15.00/SF
− Vacancy
−$6.9K −$0.96/SF
EGI
$101.0K $14.04/SF
− OpEx
−$25.2K −$3.51/SF
NOI
$75.7K $10.53/SF
Area
Butler County, OH
Vacancy
6.40%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,514,420
Cap Rate 7%
$1,081,729
Cap Rate 9%
$841,344
Alternative Uses
Best Use
Specialty Retail
$1.08M
$946.5K – $1.26M
NOI $75,721 @ 7.0% cap · market cap 6.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,526 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
288
Businesses Nearby
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Business Placement
Demographics for 45050, OH
12,173
Population
4,395
Households
2.8
Avg Household Size
38
Median Age
42%
College-Educated
96%
High-School Grad
8.4 sq mi
ZIP Area
1,449
Density / Sq Mi
$104,519
Median Household Income
$53,785
Median Earnings
$1,519
Median Rent
$273,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Church & religious facility - Adaptable building suitable for event center, church, or restaurant.
Where is this church & religious facility located?
The property is located at 913 Lebanon St Monroe, OH.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Prime location with immediate access to I‑75 (Exit 29) and SR 63 frontage.; Flexible zoning ideal for event center, church, restaurant, or redevelopment.; Ample parking with 100+ surface spaces.
