Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    50 Techne Ctr Dr Milford, OH 45150-8403
    Back to Search
    Property profile & analytics

    50 Techne Ctr Dr Milford, OH 45150-8403

    View on Map
    • Office buildings
    • 97,182 SF
    • 8.24 lot acres
    For Sale
    $7,520,000
    View Listing →
    Milford Flex Space Available For Sale
    $7,520,000
    6,051 SF

    Milford Flex Space Available

    Well-maintained flex space in a park-like setting near I-275.

    50 W Techne Center Dr, Milford, OH
    View Listing
    Property ID
    US66-6061752
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Option Care Health / Pharmacy
    • Designers Fine Press / Event Planning / Party Supply Store
    • Predictable Surgical Llc / Production Facility
    • Stationery Works / Industrial Manufacturer / Production Facility
    • Lee Cole / Pharmacy

    Property Details for 50 Techne Ctr Dr

    Year built
    1987
    Lot size
    8.24 lot acres
    Property size
    97,182 SF
    Property type
    Office buildings
    APN
    19-24-10F-081
    APU
    192410F081

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,980,000
      Market price range: $8.98M - $33.0M
      AI Estimate
      $5,010,000
      Market price range: $5.01M - $17.1M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Clermont
    State
    Ohio
    Longitude
    -84.2561
    Latitude
    39.1528
    CBSA code
    17140
    CBSA name
    CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $48,744
    $150,120
    $487,800
    $637,920
    -
    $428,900
    $1,393,700
    $1,822,600

    Comparable in this City

    • Value Estimation by Request
      792 SF

      101 Elm St

      OFFICE BUILDING • 792 SF
      101 Elm St, Milford, OH 45150-1013
      View Details
    • Value Estimation
      $515,000
      5,884 SF

      5827 Happy Holw Rd

      OFFICE BUILDING • 5,884 SF
      5827 Happy Holw Rd, Milford, OH 45150-1848
      View Details
    • Value Estimation
      $645,000
      4,491 SF

      512 High St

      OFFICE BUILDING • 4,491 SF
      512 High St, Milford, OH 45150-1202
      View Details
    • Value Estimation by Request
      2,584 SF

      Baldwin Rd

      OFFICE BUILDING • 2,584 SF
      Baldwin Rd, Milford, OH 45150
      View Details
    • Value Estimation by Request
      2,789 SF

      606 Lila Ave

      OFFICE BUILDING • 2,789 SF
      606 Lila Ave, Milford, OH 45150-1229
      View Details
    • Value Estimation
      $525,000
      3,468 SF

      977 Business 28

      OFFICE BUILDING • 3,468 SF
      977 Business 28, Milford, OH 45150-1932
      View Details

    Similar Nearby for Sale

    • $4,900,000
      31,363 SF

      Move-in Ready Office Building

      Single-occupant office building with efficient floorplate and ample parking.
      1103 Allen Dr, Milford, OH 45150
      View Details
    • $5,900,000
      30,236 SF

      Milford Office Building For Sale

      Office building with 30,236 SF available in Milford, Ohio.
      5130 River Valley Rd, Milford, OH 45150
      View Details
    • Contact for pricing

      Multi-Tenant Office Building For Sale

      Multi-tenant office building in Milford, Ohio, near I-275.
      400 Techne Center Dr, Milford, OH 45150
      View Details
    • Contact for pricing

      Park 50 TechneCenter in Milford

      Business and office park near I-275 in Cincinnati metro area.
      1001 Ford Cir, Milford, OH 45150
      View Details
    • Contact for pricing
      80,000 SF

      Milford Office Building with Atrium

      Office building featuring atrium, auditorium, and ample parking.
      2000 Salk Dr, Milford, OH 45150
      View Details
    • Contact for pricing

      Multi-Tenant Industrial Asset in Milford

      88,031 SF multi-tenant industrial asset with leasing upside.
      50 W Techne Center Dr, Milford, OH 45150
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,233 SF

      Two-Story Medical Office Building

      Two-story building, former medical office with excellent visibility.
      935 State Route 28, Milford, OH 45150
      View Details
    • Contact for pricing
      4,177 SF

      Office Space Near State Route

      Office space with high visibility and easy highway access.
      1077 Oh-28, Milford, OH 45150
      View Details
    • $10 SF/Yr
      10,897 SF

      Office Space in Milford, OH

      Office space for rent in Milford, Ohio, near amenities.
      5303 Dupont Cir, Milford, OH 45150
      View Details
    • $10 SF/Yr
      3,200 SF

      Office Space in Milford, OH

      Office space for lease in Milford, Ohio.
      5400 Dupont Cir, Milford, OH 45150
      View Details
    • $10 SF/Yr
      630 SF

      Office Space in Milford, Ohio

      Office space for lease in Milford, Ohio, near amenities.
      5300 Dupont Cir, Milford, OH 45150
      View Details
    • Contact for pricing
      7,370 SF

      Office Space in Milford Trade

      Office space with excellent visibility and easy access.
      1077 State Route 28, Milford, OH 45150
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    50 Techne Ctr Dr
    Milford, OH 45150-8403
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    50 Techne Ctr Dr, Milford, OH, 45150
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!