3320 Tylersville RdHamilton, OH 45011

  • Strip malls
  • 37,544 SF
For Sale
$4,700,000 View listing

Property Details for 3320 Tylersville Rd

Year built
2007
Lot size
6.18 AC
Property size (Sq ft)
37,544 SF
Property type
Strip malls
Property subtype
Neighborhood centers
APN
A0300-171.000-001
APU
A0300171000001

Description

This exceptional investment opportunity presents a fully leased, 36,550-square-foot neighborhood shopping center in Hamilton, Ohio. Boasting a 7.50% cap rate, this stabilized property features twelve units within a single-story building constructed in 2008. The 6.15-acre lot is zoned B-2 (General Business) in Fairfield Township, Butler County, and enjoys a prime location within the Cincinnati-Dayton Metroplex. Situated conveniently less than ten minutes from I-75 and 35 minutes from downtown Cincinnati, this center benefits from high visibility due to its adjacency to State Route 4 bypass, with excellent signage opportunities including monument and building façade placement. A new Wawa is under construction on the opposite corner of the bypass, further enhancing the property's appeal. The center offers 213 surface parking spaces (5.701/1,000 sq ft ratio), two drive-in bays, and 16-18 foot ceilings. With a strong tenant roster and 100% occupancy, this property presents a compelling investment prospect. The area demographics are robust, with a population of 5,765 within one mile, 63,251 within three miles, and 163,343 within five miles. The property's proximity to Miami University Hamilton Campus and its location near the Great Miami River add to its desirability. The asking price is $4,700,000. Parcel ID: A0300171000001. Daily vehicle counts are 20,433 via State Route By-Pass 4 and 6,564 via Tylersville Rd.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $6,530,186
    6.5%
    $6,027,864
    7%
    $5,597,302
  • Comparable approach

    Method
    Valuation
    Relative Method
    $11,749,725
    Geo Method
    $11,749,725
  • Alternative Use

    Use
    Valuation
    Residential
    $5,084,728
    Hospitality
    $4,657,584
    Educational
    $3,875,055
    Medical
    $4,008,324
    Retail
    $6,027,864

Location Insight

City
Fairfield Township
County
Butler
State
Ohio
Latitude
39.3649
Longitude
-84.5058
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
$43,165
$36,440
$717,260
$753,700
-
$104,100
$2,049,320
$2,153,420

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