This exceptional Class A executive office building, located at 10655 Springfield Pike in Cincinnati, Ohio, presents a unique investment opportunity. Boasting 9,494 square feet of space on a 1.69-acre lot, this single-tenancy property offers significant potential. Built in 1912, the building features a 1,216 square foot basement/storage area, providing ample room for additional needs. The property includes 26 parking spaces and benefits from high visibility, situated on a high-traffic thoroughfare with 22,778 cars passing daily (2022 data). The asking price is $650,000, translating to $69.21 per square foot. The property is zoned D1, allowing for office, light industrial, and retail uses. The building is divisible into two suites, offering flexibility for future tenants or owners. Included in the sale is a beautiful conference table with chairs. The property's three parcel APNs are 598-0050-0005-00, 598-0050-0006-00, and 598-0050-0010-00, 598-0050-0034-00. This prime location in Hamilton County, Ohio, zip code 45215, offers excellent access and visibility. Don't miss this chance to acquire a well-established and versatile commercial property.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$283,974
6.5%
$262,130
7%
$243,406
Comparable approach
Method
Valuation
Relative Method
$298,056
Geo Method
$298,056
Alternative Use
Use
Valuation
Residential
$325,041
Hospitality
$297,736
Educational
$247,713
Medical
$256,232
Retail
$385,331
Location Insight
City
Cincinnati
County
Hamilton
State
Ohio
Latitude
39.2644
Longitude
-84.4695
CBSA code
17140
CBSA name
CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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