Building Details

Year Built 1971

Buildings 1

Stories 1

Listing Agency: eXp Realty

Listed By: Mark Rankin · License #OH2006002409 Show Phone

Source: Crexi

Added: May 26 Changed: Oct 9 Last Checked: Oct 12 at 4:57PM

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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 eXp Realty

Investment Insights

Based on property information with market context.

Located in Forest Park, Ohio, the property at 600 Northland Blvd presents an opportunity to acquire a 9,329 SF freestanding commercial building suitable for warehouse, manufacturing, distribution, contractor operations, showroom, flex-industrial, or service-based businesses. The property features warehouse and manufacturing space, an office area, and a flexible operational layout. It offers convenient loading and distribution access. The location provides accessibility to I-275, I-75, I-71, and major regional transportation routes, facilitating access throughout Greater Cincinnati, Northern Kentucky, and Southeastern Indiana. The property is situated within a commercial and industrial business corridor, surrounded by manufacturing, logistics, contractor, distribution, and service-oriented businesses. The Forest Park industrial market has high occupancy rates. The location, infrastructure investment, and access to regional labor markets attract industrial and logistics users. The property is positioned amidst commercial redevelopment and industrial investment throughout the Forest Park/Tri-County submarket, offering potential for owner-occupants, investors, manufacturers, e-commerce operations, contractors, light assembly users, and distribution businesses seeking a central Cincinnati location. The property delivers visibility, accessibility, and functionality in an established industrial corridor.

Key Highlights

• Excellent accessibility to I‑275, I‑75, and I‑71 for convenient regional transportation.
• Located in Forest Park's thriving industrial corridor with a 98% occupancy rate.
• Versatile 9,329 SF freestanding building suitable for warehouse, manufacturing, distribution, or showroom.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$31,878

Cap Rate

4.25%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$637,560 $637.6K

Cap Rate 7%

$455,400 $455.4K

Cap Rate 9%

$354,200 $354.2K

Market Conditions

NOI Build-Up for 7,329 SF

Gross rent

$46.6K $6.36/SF

− Vacancy

−$1.1K −$0.15/SF

EGI

$45.5K $6.21/SF

− OpEx

−$13.7K −$1.86/SF

NOI

$31.9K $4.35/SF

Area

Hamilton County, OH

Vacancy

2.30%

Lease Rate

$6.36 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$637,560

Cap Rate 7%

$455,400

Cap Rate 9%

$354,200

Alternative Uses

Best Use

Flex RnD

$1.08M

$942.5K – $1.26M (±1% cap)

NOI $75,399 @ 7.0% cap · market cap 10.05%

Second Best

Industrial

$455.4K

$398.5K – $531.3K (±1% cap)

NOI $31,878 @ 7.0% cap · market cap 4.25%

Theoretical Best

Office A

$1.31M

$1.15M – $1.53M (±1% cap)

NOI $91,976 @ 7.0% cap · market cap 12.27%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Restaurant Gym & Fitness Center Parking Lot & Garage Spa & Massage Center Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

389

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 45240, OH

28,820

Population

11,485

Households

2.5

Avg Household Size

37

Median Age

32%

College-Educated

91%

High-School Grad

9.7 sq mi

ZIP Area

2,971

Density / Sq Mi

$66,918

Median Household Income

$38,593

Median Earnings

$1,187

Median Rent

$176,600

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Flex space - 9,329 SF commercial building ideal for various business operations.

Where is this flex space located?

The property is located at Northland Boulevard Forest Park, OH.

What is the asking price?

The asking price for this property is $749,900.

What are key features of this property?

This property features: Excellent accessibility to I‑275, I‑75, and I‑71 for convenient regional transportation.; Located in Forest Park's thriving industrial corridor with a 98% occupancy rate.; Versatile 9,329 SF freestanding building suitable for warehouse, manufacturing, distribution, or showroom.