872 Ohio PikeCincinnati, OH 45245

  • Healthcare properties
  • 5,954 SF
For Sale
$1,100,000 View listing

Property Details for 872 Ohio Pike

Year built
1994
Construction
BRICK
Lot size
2.88 AC
Property size (Sq ft)
5,954 SF
Property type
Healthcare properties
Property subtype
Medical offices
APN
41-32-19.-026
APU
413219026

Description

This fee-simple property at 872 Ohio Pike, Cincinnati, OH 45245, presents a unique owner-user or redevelopment opportunity. The 5,954 square foot, single-story building, constructed in 1994, sits on a substantial 2.88-acre lot with N1 Business Zoning. The property boasts 48 parking spaces and enjoys high visibility on Ohio Pike, a major thoroughfare with over 42,000 vehicles per day. The building's recent roof replacement includes a 50-year warranty. This location benefits from strong demographics, including a population exceeding 109,000 and average household incomes over $97,000 within a five-mile radius. The oversized lot offers significant value-add potential through land parceling, making it ideal for expansion or development of additional commercial or medical space. The asking price is $1,100,000. This is a prime investment for those seeking a combination of existing income and future development potential in a high-traffic, affluent area of Clermont County.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $794,338
    6.5%
    $733,235
    7%
    $680,861
  • Comparable approach

    Method
    Valuation
    Relative Method
    $739,427
    Geo Method
    $739,427
  • Alternative Use

    Use
    Valuation
    Residential
    $909,211
    Hospitality
    $832,832
    Educational
    $692,907
    Medical
    $716,737
    Retail
    $1,077,855
872 Ohio Pike, Cincinnati, Ohio

Location Insight

City
Cincinnati
County
Clermont
State
Ohio
Latitude
39.0632
Longitude
-84.2748
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
$17,353
$110,600
$143,780
$254,380
-
$316,000
$410,800
$726,800

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