Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1487 N High Street Hillsboro, OH 45133

    View on Map
    New
    For Sale
    Contact for pricing

    COMMERCIAL - Hillsboro, OH

    Property size:
    6,114 SF
    Lot size:
    0.15 Acres
    Added:
    Apr 1, 2026
    Days on Market:
    6
    Last Refresh:
    Apr 6 at 11:06 am

    Property Features for 1487 N High Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    25-03-002-001.02
    Size
    6,114 SF
    Lot size
    0.15 Acres

    Utilities

    Heating system
    Natural Gas

    Building Details

    Flooring type
    Concrete
    Building materials
    Metal Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Rusty Fite

    Listing agent Rusty Fite

    Listing office Chambers-Fite Realty Co. 216 N High Street, Hillsboro, OH

    Listing date Apr 1, 2026

    MLS# 1874042

    Copyright © 2026 MLS of Greater Cincinnati, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hillsboro Commercial Space For Sale

    This 6114 square foot condominium is located in the North High Business Center. Recently used as a medical facility, the space offers many possible uses. It features ample access and parking. The property is offered at public auction. Immediate possession is available. The property is located in Hillsboro, OH.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hillsboro
    County
    Highland
    State
    Ohio
    Longitude
    -83.610717
    Latitude
    39.2323376

    Nearby Similar for Sale

    • $749,000
      5,760 SF

      Hillsboro Manufacturing and Production Facility

      First-class manufacturing facility with proprietary processes and trademarked products.
      100 Homestead Avenue, Hillsboro, OH 45133
      View Details
    • $475,000
      19,371 SF

      Historic Bell's Opera House

      Landmark property in downtown Hillsboro with income potential.
      109 S High Street, Hillsboro, OH 45133
      View Details
    • $1,400,000

      Hillsboro Commercial Building For Sale

      Well-maintained commercial building in high-traffic area, leased through July 2027.
      514 Harry Sauner Road, Hillsboro, OH 45133
      View Details
    • $1,400,000
      11,396 SF

      Hillsboro Commercial Building For Sale

      Income-producing commercial building in high-traffic area, leased through July 2027.
      514 Harry Sauner Rd, Hillsboro, OH 45133
      View Details
    • $4,253,725

      Productive Farmland Near Downtown Hillsboro

      243-acre farm with tillable land and road frontage.
      0 Stoney Point Rd, Hillsboro, OH 45133
      View Details
    • $299,000
      3,720 SF

      Mixed-Use Building in Downtown Hillsboro

      Two-story commercial building with prime visibility and income potential.
      126 N High Street, Hillsboro, OH 45133
      View Details
    • $2,500,000
      10,125 SF

      NNN Retail Property For Sale

      NNN retail property with long-term lease and strong sales.
      1400 N High St, Hillsboro, OH
      View Details
    • $599,000
      4,400 SF

      Versatile Commercial Property in Hillsboro

      4,400 SF commercial property with warehouse, freezer, and office space.
      212 Hobart Dr, Hillsboro, OH
      View Details
    • $885,000

      Marshall Twp Commercial Property For Sale

      Commercial property in Marshall Twp, OH, with acreage.
      10295 St Rt 124, Marshall Twp, OH 45133
      View Details
    • $425,000

      Versatile Multi-Purpose Structures on Large Acreage

      Multi-purpose structures suitable for various uses on 13.715 acres.
      6101 State Route 247, Hillsboro, OH
      View Details
    • $249,000

      Corner Lot Car Wash Opportunity

      High-traffic corner lot with car wash and rental house.
      517 E Main Street, Hillsboro, OH 45133
      View Details
    • $295,000
      4,629 SF

      Fenced Lot with Parking

      Large fenced lot with parking and equipment storage available for sale.
      517 John St, Hillsboro, OH
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - 6114 SF condominium in North High Business Center.
    Where is this medical office space located?
    The property is located at 1487 N High Street Hillsboro, OH.
    What are key features of this property?
    This property features: Large 6114 sf Condominium Area; Located in the North High Business Center; Great location with ample access and parking
    (937) 393-1948
    We can help!
    Listing Contact
    Rusty Fite
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!