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    Spacious Medical Office Near I-275 Title is generated by Realmo AI

    5724 Signal Hill Court, Milford, OH 45150

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    Claim this Listing
    Pending
    $275,000

    SINGLE_FAMILY - Milford, OH

    Type:Office
    Property size:
    2,304 SF
    Lot size:
    1.23 Acres
    Added:
    Mar 26, 2026
    Days on Market:
    48
    Last Refresh:
    May 12 at 2:06 am

    Property Features for 5724 Signal Hill Court

    General Information

    Property type
    Residential
    Property subtype
    Office
    Security features
    Security Lighting
    Interior features
    Security Light, Sprinkler Wet, Smoke Detector, Heat Detect
    Exterior features
    Part Fenced, Sidewalks, Curb/Gutter, Lights
    Fencing
    Fenced
    Standard status
    Pending
    APN
    186203A001
    Size
    2,304 SF
    Lot size
    1.23 Acres

    Utilities

    Heating system
    Electric (Heating), Forced Air

    Building Details

    Year built
    1985
    Flooring type
    Carpet, Concrete
    Building materials
    Brick, Cedar
    Roof type
    Shingle

    We can help!

    Listing Contact
    Bob Daniel

    Listing agent Bob Daniel

    Listing office Keller Williams Advisors 9277 Centre Pointe Dr, Cincinnati, OH

    Listing date Mar 26, 2026

    MLS# 1873001

    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.

    HighLights

    • Large 2300 sq ft medical office space.
    • Easily divisible into two separate units for rental income.
    • Convenient location: 1/2 block off I‑275 Milford exit.
    • Ranch‑style end unit with ample parking.
    • Two entrances and three bathrooms.
    • Security features: Security Light, Sprinkler Wet, Smoke Detector, Heat Detect.

    Overview

    This is a large 2304 square foot medical office located a half block from the Milford exit of I-275. It is a ranch-style unit situated at the front of a professional office complex. The unit is comprised of two combined units, but it can be easily divided again to rent the second unit separately. The building includes three bathrooms and two entrances. It is an end unit and has ample parking. The property is located in Milford, OH, with a lot size of 1.23 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Signal Hill Center Medical Clinic Midwest Occupational Health Medical Clinic Randolph David C ... Medical Examiner

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Hill’s Compounding Pharmacy — 931 Business 28 #204, Milford, OH 45150
    • Milford Animal Hospital — OH-28, Milford, OH 45150
    • Gallardo Family Animal Hospital — 1125 Main St, Milford, OH 45150
    • Dr. Michelle Foster — 749 D State Route 28, Milford, OH 45150
    • Petco Vaccination Clinic — 1087 OH-28, Milford, OH 45150

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Clermont
    State
    Ohio
    Longitude
    -84.2666842
    Latitude
    39.1864776

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    FAQs

    What type of property is this?
    Medical Office Space - Large 2304 SF medical office near I-275 in Milford, OH.
    Where is this medical office space located?
    The property is located at 5724 Signal Hill Court Milford, OH.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Large 2300 sq ft medical office space.; Easily divisible into two separate units for rental income.; Convenient location: 1/2 block off I‑275 Milford exit.
    (513) 766-9200
    We can help!
    Listing Contact
    Bob Daniel
    Learn More
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    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.

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