24 Compton RdCincinnati, OH 45216

Property Details for 24 Compton Rd

Year built

1964

Lot size

0.68 AC

Property size (Sq ft)

17,704 SF

Property type

Medical offices

Property subtype

Medical centers

APN

590-0081-0018-00

APU

5900081001800

Description

This fully leased, 15,525 square foot medical office building presents a compelling investment opportunity in Cincinnati, Ohio. Located at 24 Compton Rd, 45216, this Class B property boasts a strong 11.28% capitalization rate and a substantial net operating income (NOI) of $186,159 annually. The asking price is $1,650,000. Built in 1964 and extensively renovated in 2024, the two-story building features modern office and medical finishes, appealing to a diverse tenant base. Currently housing twelve tenants with 100% occupancy, the lease type is modified, and the property is zoned B-2. Ample parking is available with 39+ surface spaces (2.5 per 1000 square feet). The building benefits from high visibility on Compton Road, enhanced by a prominent monument sign. Convenient access to SR-126 adds to its strategic location. The property's strong financial performance, coupled with its desirable location and recent renovations, makes it an attractive investment for discerning buyers. The building's first-floor spaces offer retail appeal, further enhancing its versatility and potential for future growth. The property's APN is 590-0081-0018-00. The occupancy date is October 8, 2024.

• CAP approach

  CAP return

  Valuation

  6%

  $2,094,783

  6.5%

  $1,933,646

  7%

  $1,795,528

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,198,660

  Geo Method

  $2,198,660

• Alternative Use

  Use

  Valuation

  Residential

  $2,397,721

  Hospitality

  $2,196,299

  Educational

  $1,827,295

  Medical

  $1,890,139

  Retail

  $2,842,459

Location Insight

City

Cincinnati

County

Hamilton

State

Ohio

Latitude

39.2161

Longitude

-84.4752

CBSA code

17140

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].