872 Ohio PikeCincinnati, OH 45245

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

Medical offices

Property subtype

Medical centers

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.

• 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

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

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