Property profile

1040 Reed Dr Monroe, OH 45050

OFF-MARKET
Manufacturing properties
Property ID
US66-1101400
12,000 SF 2.09 ac lot Built 2006
Entity Owned 9-yr Hold Free & Clear
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 2006
Construction STEEL FRAME
Total area 12,000 SF
Lot 2.09 ac (91,040 SF)
APN 11-06-100-044-1
UPID US66-1101400

Cap rate & NOI

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

Location

1040 Reed Dr Monroe, OH 45050-1724
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
$390k
CAP Approach CAP
$760k
Comparable Approach Comparable
$396k
Blend (final) Blend
$390k

Owner & transaction history

since 2016
1 recorded transaction
2016
$700,000

Zoning & alternative use

Top alternative use upside
Commercial (general) $955,000 +71.0%
Office building $825,000 +47.6%
Retail stores $810,000 +45.1%

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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