Single-Story Flex
956 Heaton St, Hamilton, OH 45011
For Sale
New
$300,000
The Hamilton property combines a flexible interior plan with drive-in and dock loading capability.
Property Size4,395 SF
Price / SF$68.26
Days on Market1
Property Features for 956 Heaton St
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Corner Location
Outdoor Storage
Additional Details
Clear Height
Property Use
Building Details
Building Size
Year Built
Buildings
Stories
Listed By:
Gueorgui Chikov · License #OH #SAL.2017002265
(513) 331-0920
Source:
Corfac
Added: Nov 6
Last Checked: Nov 6 at 2:44PM
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 Gueorgui Chikov
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Investment Insights
Based on property information with market context.
Built in 1938, this 4,395-square-foot, single-story flex building has a flexible layout and a 12-foot ceiling height. Loading is available by both drive-in and dock configurations. The property has a flat membrane roof and is located in Hamilton, Ohio.
The site is zoned TN-4, with contractor and skilled trades/flex space identified as a conditional use subject to no exterior storage.
The site is zoned TN-4, with contractor and skilled trades/flex space identified as a conditional use subject to no exterior storage.
Key Highlights
- 4,395 SF single‑story flex building built in 1938
- 12‑foot ceiling height
- Drive‑in and dock loading configurations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,660
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$373,200
$373.2K
Cap Rate 7%
$266,571
$266.6K
Cap Rate 9%
$207,333
$207.3K
Market Conditions
NOI Build-Up for 4,395 SF
Gross rent
$28.5K $6.48/SF
− Vacancy
−$1.8K −$0.41/SF
EGI
$26.7K $6.07/SF
− OpEx
−$8.0K −$1.82/SF
NOI
$18.7K $4.25/SF
Area
Butler County, OH
Vacancy
6.40%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$373,200
Cap Rate 7%
$266,571
Cap Rate 9%
$207,333
Alternative Uses
Best Use
Industrial
$394.9K
$345.6K – $460.7K
NOI $27,644 @ 7.0% cap · market cap 9.21%
Second Best
Retail
$266.6K
$233.3K – $311.0K
NOI $18,660 @ 7.0% cap · market cap 6.22%
Theoretical Best
Office A
$869.0K
$760.4K – $1.01M
NOI $60,829 @ 7.0% cap · market cap 20.28%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
12 ft
Clear height
Location Intelligence
Trade Area within ½ mile
583
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45011, OH
73,596
Population
28,470
Households
2.6
Avg Household Size
38
Median Age
31%
College-Educated
88%
High-School Grad
60.4 sq mi
ZIP Area
1,218
Density / Sq Mi
$90,360
Median Household Income
$45,147
Median Earnings
$1,005
Median Rent
$272,000
Median Home Value
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Market
Properties on Market for Flex space in Butler County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - The Hamilton property combines a flexible interior plan with drive-in and dock loading capability.
Where is this flex space located?
The property is located at 956 Heaton St Hamilton, OH.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 4,395 SF single‑story flex building built in 1938; 12‑foot ceiling height; Drive‑in and dock loading configurations
