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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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