10106 Harrison Ave Harrison, OH 45030-1925
- Warehouses
- 1.13 lot acres
Current Use by Public Records
- DWA Recreation / Playground
- Enterprise Rent-A-Car / Car Rental Agency / Van Rental Agency
- Caliber Collision / Auto Body Shop / Auto Bodywork Mechanic
- Caliber Auto Glass / Auto Glass Repair Service
Property Details for 10106 Harrison Ave
- Lot size
- 1.13 lot acres
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 561-0018-0030-00
- APU
- 5610018003000
Description
This exceptional investment opportunity presents a 13,482-square-foot retail building in Harrison, Ohio, currently 100% occupied by Caliber Collision and Enterprise Rent-A-Car. The property sits on a 1.13-acre lot and boasts a strong 6.50% cap rate. The building, constructed in 1999, features two tenants under a net lease structure with corporate guarantees. Caliber Collision holds a lease with over four years remaining, including two five-year renewal options with 5% rental increases each. Enterprise Rent-A-Car's lease has three years remaining, with a three-year renewal option and a 10% rental increase. The property enjoys high visibility from Interstate 74, with over 40,000 vehicles passing daily, and benefits from additional exposure on Harrison Avenue, seeing over 9,500 vehicles daily. Lighted pylon signage ensures excellent tenant branding. The location is strategically positioned near major retailers including Kroger, Shell, CVS, and more, serving a strong demographic with average household incomes exceeding $90,000 within a five-mile radius. The property is adjacent to the Harrison Commerce Center, a thriving 70-acre development. This is a rare opportunity to acquire a well-located, stable, and high-performing net lease investment with minimal landlord responsibilities. The asking price is $1,370,000, translating to $101.62 per square foot of land value. The landlord is only responsible for the structure, exterior, roof, foundation, and slabs.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $305,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $240,000
- 6.5%
- $275,000
- 7%
- $245,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $260,000
- Geo Method
- $320,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $250,000
- Retail
- $235,000
- Mixed-Use
- $255,000
- Hospitality
- $280,000
- Educational
- $285,000
- Residential Income
- $290,000
- Energy
- $310,000
- Income-Based Land
- $265,000
- Food Service
- $265,000
Location Insight
- Map
- Local Demand
- City
- Harrison
- County
- Hamilton
- State
- Ohio
- Longitude
- -84.777
- Latitude
- 39.243
- CBSA code
- 17140
- CBSA name
- CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA