888 Eastgate DrCincinnati, OH 45245

  • Retail space
  • 230,428 SF

Property Details for 888 Eastgate Dr

Year built
1995
Construction
TILT-UP CONCRETE
Lot size
32.44 AC
Property size (Sq ft)
230,428 SF
Property type
Retail space
APN
41-31-05C-044
APU
413105C044

Description

This exceptional retail opportunity presents 1,913 square feet of vacant space within a high-traffic Meijer store in Cincinnati, Ohio (zip code 45245, Clermont County). The space is divisible into units ranging from 327 to 590 contiguous square feet, offering flexibility for various business types. Located at 888 Eastgate N Dr, this prime, front-of-store location provides unparalleled visibility and access to thousands of weekly customers. The all-inclusive monthly fee covers real estate taxes, property insurance, CAM, and utilities. Branding opportunities include both interior and exterior signage. This "Store-Within-A-Store" concept is ideal for businesses seeking high foot traffic and exposure in a thriving trade area. The property is part of a larger retail development and benefits from the established customer base of the Meijer store. This is a unique opportunity to establish a presence in a well-known Midwest retail destination. Multiple spaces are available.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $35,319,300
    6.5%
    $32,602,500
    7%
    $30,273,700
  • Comparable approach

    Method
    Valuation
    Relative Method
    $29,761,500
    Geo Method
    $29,761,500
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $63,738,900
    Mixed-Use / Specialty
    $32,421,200
    Hospitality / Lodging
    $23,701,700
    Office
    $32,160,800
    Institutional / Educational
    $33,681,700
    Residential Income
    $39,407,600
    Multifamily
    $47,623,900
    Automotive / Energy
    $28,870,000
    Parking / Income-Based Land
    $10,027,000
    Restaurant / Food Service
    $16,723,700
    Healthcare / Senior Housing
    $33,314,000

Location Insight

City
Cincinnati
County
Clermont
State
Ohio
Latitude
39.0982
Longitude
-84.2647
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
$292,925
$1,529,080
$1,416,070
$2,945,150
-
$4,368,800
$4,045,900
$8,414,700

FAQs

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