7125 Reading RdCincinnati, OH 45237

  • Office buildings
  • 6,400 SF
For Sale
$716,800 View listing

Property Details for 7125 Reading Rd

Year built
1963
Lot size
0.01 AC
Property size (Sq ft)
6,400 SF
Property type
Office buildings
APN
117-0007-0081-00
APU
1170007008100

Description

This exceptional two-story brick office building, located at 7125 Reading Rd, Cincinnati, OH 45237, presents a compelling investment opportunity. Boasting 6,400 square feet of space, this Class C property is ideally suited for medical office use, aligning perfectly with its CG-A zoning. Constructed in 1961, the building features a convenient two-story layout, with each floor offering approximately 3,200 square feet of usable space. Situated on a 0.22-acre lot (approximately 9,724 square feet), the property enjoys a highly accessible location just north of the intersection of E. Seymour Avenue and Reading Road, providing easy access to I-75. The asking price for this well-positioned medical office building is $716,800. This presents a rare chance to acquire a functional and strategically located asset in a thriving Cincinnati neighborhood. The property's size, zoning, and convenient location make it an attractive prospect for investors seeking a strong return on investment in the medical office sector. Further details regarding the property's specifications and potential are available upon request. Don't miss this opportunity to own a piece of Cincinnati's commercial real estate market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $746,739
    6.5%
    $689,297
    7%
    $640,062
  • Comparable approach

    Method
    Valuation
    Relative Method
    $794,816
    Geo Method
    $794,816
  • Alternative Use

    Use
    Valuation
    Residential
    $854,729
    Hospitality
    $782,927
    Educational
    $651,386
    Medical
    $673,788
    Retail
    $1,013,267

Location Insight

City
Cincinnati
County
Hamilton
State
Ohio
Latitude
39.1904
Longitude
-84.4632
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
$9,402
$14,259
$100,030
$114,289
-
$40,740
$285,800
$326,540

FAQs

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