11500 Northlake DrCincinnati, OH 45249

Property Details for 11500 Northlake Dr

Year built

1989

Lot size

10.02 AC

Property type

Office properties

Property subtype

Office buildings

APN

600-0021-0080-00

APU

6000021008000

Description

One Northlake Place, located at 11500 Northlake Dr in Cincinnati, OH 45249, offers exceptional suburban office space in a Class A building. This three-story building, constructed in 1986, boasts a total of 177,033 square feet, with multiple suites available ranging from 4,050 to 18,139 contiguous square feet. The property sits on 10.02 acres and provides ample parking (4.6 spaces per 1,000 square feet). Ceiling heights vary, with the first floor featuring 9 ½-foot ceilings and floors two through three offering 8 to 10-foot ceilings. Building amenities include an on-site conference center and fitness center, managed by the ownership. Excellent highway visibility and access are key features, along with available building and pylon signage. The location offers convenient access to Harper’s Station, Kenwood Towne Center, Streets of West Chester, and the new Liberty Center. The property benefits from a 0% earnings tax. Elevators are available. This is a prime opportunity for businesses seeking high-quality office space in a desirable Cincinnati location. Total vacant space is 42,028 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $49,219,960

  6.5%

  $45,433,808

  7%

  $42,188,536

• Comparable approach

  Method

  Valuation

  Relative Method

  $54,216,140

  Geo Method

  $54,216,140

• Alternative Use

  Use

  Valuation

  Residential

  $56,337,920

  Hospitality

  $51,605,232

  Educational

  $42,934,948

  Medical

  $44,411,548

  Retail

  $66,787,696

Location Insight

City

Cincinnati

County

Hamilton

State

Ohio

Latitude

39.2754

Longitude

-84.3475

CBSA code

17140

CBSA name

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

Property Tax & Assessments

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