Property profile

1005 Reed Dr Monroe, OH 45050

OFF-MARKET
Other industrial properties
Property ID
US66-1279925
120,000 SF 7.19 ac lot Built 2002
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

The property is a 72,000-square-foot warehouse designed for distribution use. It includes eight loading docks, each measuring 9 feet by 10 feet, with dock levelers and shelters. Ceiling heights range from 22 to 26 feet. The facility is served by an ESFR sprinkler system and LED lighting. Interior structural layout features 30-foot by 50-foot column spacing that defines approximately 6,000-square-foot bays. Concrete floors are 7 inches thick, and electrical service is provided at 480 volts with three-phase power. The property contains a shipping office with two restrooms. The site is located approximately 1 mile from I-75.

Property profile

Verified
Property type Other industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 2002
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 120,000 SF
Lot 7.19 ac (313,240 SF)
APN 11-06-100-040-0
UPID US66-1279925

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1005 Reed Dr Monroe, OH 45050-1725
Monroe metro Census 31602 CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.97M
Blend (final) Blend
$1.04M

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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