50 Business WayCincinnati, OH 45241

Property Details for 50 Business Way

Lot size

5.98 AC

Property type

Office properties

Property subtype

Office buildings

APN

608-0033-0040-00

APU

6080033004000

Description

This Hamilton County, Ohio office building, Summit Woods III, offers multiple tenancy options in a prime Cincinnati location at 50 E Business Way, 45241. The building boasts a total of 110,000 square feet, featuring efficient floorplates of 27,500 square feet each. Spaces currently available range from 2,766 to 7,137 square feet. Building highlights include 10-foot finished ceilings, a 45-foot column-free clear span, and a generous 5 per 1,000 SF parking ratio. Monument signage ensures high visibility. The property enjoys exceptional accessibility, situated just one minute from I-275 and the Reed Hartman Interchange. The current asking rate is $14.50 per square foot net, with operating expenses of $8.25 per square foot. A significant million-dollar renovation is underway, scheduled for completion in November 2022. Upgrades encompass exterior renovations, parking lot resurfacing, landscaping enhancements, façade improvements, a two-story atrium lobby and common area revitalization, a new tenant lounge, café, conference center, and fitness center, as well as restroom renovations.

• CAP approach

  CAP return

  Valuation

  6%

  $29,368,968

  6.5%

  $27,109,816

  7%

  $25,173,400

• Comparable approach

  Method

  Valuation

  Relative Method

  $32,350,128

  Geo Method

  $32,350,128

• Alternative Use

  Use

  Valuation

  Residential

  $33,616,172

  Hospitality

  $30,792,234

  Educational

  $25,618,776

  Medical

  $26,499,846

  Retail

  $39,851,432

Location Insight

City

Cincinnati

County

Hamilton

State

Ohio

Latitude

39.2827

Longitude

-84.3648

CBSA code

17140

CBSA name

CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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