1400 State Ave Cincinnati, OH 45204
- Manufacturing properties
- 2.24 lot acres
Current Use by Public Records
- Cincinnati Mattress Gallery® / Mattress Store
- Sweet Cheeks Diaper Bank / Non-Profit Organization
- U-Haul Neighborhood Dealer / Truck Rental Agency / Trailer Rental Service
- T & J Contract Sewing Inc / Professional Services / Store
Property Details for 1400 State Ave
- Lot size
- 2.24 lot acres
- Property type
- Manufacturing properties
- APN
- 148-0012-0056-00
- APU
- 1480012005600
Description
This exceptional 15,000-square-foot industrial space, part of a larger 46,000-square-foot multi-tenant building, is ideally situated in Cincinnati's thriving industrial hub at 1400 State Ave. The property boasts a versatile layout, combining 4,000 square feet of office space with 11,000 square feet of warehouse space, perfect for businesses requiring a blend of administrative and operational areas. The warehouse features impressive 14-foot ceilings, two convenient drive-in loading docks, and robust power options including 3-phase 240V and 4-phase 480V power, ensuring compatibility with a wide range of industrial equipment. A freight elevator is available for efficient inter-floor logistics if multiple floors are leased within the building. This strategically located property offers easy access to major highways I-71, I-74, and I-75, making it an excellent choice for manufacturing, warehousing, or distribution operations. The surrounding industrial market is experiencing strong demand and low vacancy rates, underscoring the value of this location. The property sits on 2.887 acres of land, is a Class C building constructed in 1950, and is comprised of one four-story building with three total suites. The minimum divisible space is 15,000 square feet, with a maximum contiguous space also at 15,000 square feet. The monthly lease rate is $5,000. The APN is 148-0012-0056-00, located in Hamilton County.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $325,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $460,000
- 6.5%
- $380,000
- 7%
- $425,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $410,000
- Geo Method
- $465,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $440,000
- Retail
- $375,000
- Mixed-Use
- $390,000
- Hospitality
- $440,000
- Educational
- $450,000
- Residential Income
- $380,000
- Energy
- $415,000
- Income-Based Land
- $420,000
- Food Service
- $360,000
Location Insight
- Map
- Local Demand
- City
- Cincinnati
- County
- Hamilton
- State
- Ohio
- Longitude
- -84.55
- Latitude
- 39.1125
- CBSA code
- 17140
- CBSA name
- CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA
