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    8361 Broadwell Rd Cincinnati, OH 45244

    Sponsored
    For Sale
    $2,000,000

    133,000 SF Warehouse/Manufacturing, Multi-Tenant

    Property size:
    133,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional industrial property, located at 8361 Broadwell Road in Cincinnati, Ohio, presents a significant investment opportunity. The 133,000 square foot facility sits on approximately 10 acres and is zoned ID - Industrial Development. The property features a mix of warehouse and manufacturing space, divisible to accommodate various tenant needs. The front building, totaling 41,000 square feet, underwent major renovations in 2014, including upgrades to HVAC, lighting, electrical, plumbing, roof, and fire protection systems. This section also boasts solar power and includes approximately 10,000 square feet of leasable space (divisible to 5,000 SF), with 1,500 square feet of remodeled office space. The rear building, encompassing 92,000 square feet (divisible to 45,000 SF), offers high bay and low bay areas with impressive ceiling heights ranging from 20' to 35'. Key features include four dock-high doors, nine drive-in doors, a 2-ton crane in the front building, and a 15-ton crane in the rear building. Both buildings benefit from 480-volt, 3-phase electrical service. The property also offers rail access via Norfolk & Southern, with three doors leading to approximately 2500 feet of rail siding, providing convenient transportation options. Additional amenities include a 4,000 square foot storage mezzanine, climate-controlled rooms, and ample asphalt paving. Built in 1968 with renovations completed in 2014, this property offers a blend of established infrastructure and modern upgrades, making it an ideal choice for a variety of industrial uses. The property is conveniently located with direct access to I-275 and benefits from no earnings tax. The asking price is $2,000,000.

    Property Features for 8361 Broadwell Rd

    General Information

    Property type
    Manufacturing properties
    Square Feet
    133,000 SF
    Lot Size
    435,600 SF

    Building Details

    Year Built/Renovated
    1968/2014

    HighLights

    • 133,000 SF total divisible building.
    • Office area remodeled in 2014.
    • Warehouse/manufacturing space available.
    • 4,000 SF mezzanine storage.
    • Equipped with a 2‑ton and a 15‑ton crane.
    • Features dock‑high and drive‑in doors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Simplethanks Tree Care Arborist Service Revive headquarters Skateboard Park Boxer Express LLC Trucking Company Revive Skateboards Skateboard Shop National Energy Control Solar Energy System Service

    Suggested Use

    Restaurant Law Firm Building Supply Wholesale Shop Gym & Fitness Department Store Kitchen & Bath Bar & Pub HVAC Service Discount Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.3187279
    Latitude
    39.134774

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    FAQs

    What type of property is this?
    Manufacturing property - 133,000 SF Warehouse/Manufacturing, Multi-Tenant
    Where is this manufacturing property located?
    The property is located at 8361 Broadwell Rd Cincinnati, OH.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: 133,000 SF total divisible building.; Office area remodeled in 2014.; Warehouse/manufacturing space available.
    Request Owner's contact information
    8361 Broadwell Rd Cincinnati, OH 45244
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8361 Broadwell Rd Cincinnati, OH 45244
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