Property profile

741 Lila Ave Milford, OH 45150

OFF-MARKET
Commercial real estate
Property ID
US66-2460446
5,278 SF 0.59 ac lot Built 1950
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional 6,500 square foot multi-tenant retail property, located at 741 Lila Ave in Milford, Ohio (zip code 45150), presents a unique redevelopment opportunity. Situated on a 0.59-acre lot within Clermont County's designated DORA district, this B3-zoned property boasts excellent visibility and high traffic counts (10,000+ vehicles per day). The property currently features four units and offers flexible usage potential, including retail, flex space, and even multi-family capabilities. The seller is open to creative deal structures to facilitate a smooth transaction, including owner financing, land lease, or lease option to buy, making this an attractive proposition for qualified users. This prime location in Downtown Milford offers significant potential for growth and return on investment. The property's address is 741 Lila Ave, and its latitude and longitude coordinates are 39.1762578, -84.2835045 respectively. This is a truly exceptional opportunity to acquire a strategically located property with significant upside potential.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1950
Construction CONCRETE BLOCKS
Total area 5,278 SF
Lot 0.59 ac (25,700 SF)
APN 21-07-26.-100P
UPID US66-2460446

Cap rate & NOI

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

Location

741 Lila Ave Milford, OH 45150-1615
Milford metro Census 40500 CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$690k
CAP Approach CAP
$700k
Comparable Approach Comparable
$797k
Blend (final) Blend
$670k

Owner & transaction history

since 2026
Last sale
$515,000
2 recorded transactions
2026
$385,000
2020
$515,000

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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