Building Details

Year built 1900

Flooring type Carpet, Concrete

Building materials Block, Brick

Roof type Shingle

Listing Agency: ERA REAL Solutions Realty, LLC · ERA Real Estate j***@era.com Show Phone

Listed By: Frank Brandy Show Phone

Added: Aug 3 Changed: Aug 19 Last Checked: Aug 21 at 3:06PM

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MLS# 1886999

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.

Investment Insights

Based on property information with market context.

This 5,644-square-foot medical office property occupies a 0.94-acre site and was formerly used as a physician’s office. The building features a wheelchair-accessible entrance with a covered side awning, block and brick construction, concrete and carpet flooring, forced-air natural-gas heat, and a shingle roof. Interior security features include an alarm system, smoke detector, and security light.

The property is located at 7293 Beechmont Avenue in Anderson Twp, Ohio, near the Five Mile Road and Beechmont Avenue intersection. Sidewalks, fencing, and two included parcels—500-0273-0272-00 and 500-0273-0235-00—are part of the offering. The additional parcel area supports the existing commercial setting and provides land associated with the property.

Key Highlights

• 5,644 square feet of medical office space on 0.94 acres
• Wheelchair‑accessible entrance with covered side awning
• Former physician’s office at 7293 Beechmont Avenue

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$68,575

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

7.62%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$1,371,500 $1.4M

Cap Rate 7%

$979,643 $979.6K

Cap Rate 9%

$761,944 $761.9K

Market Conditions

NOI Build-Up for 5,644 SF Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent. EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs. OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements. NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.

Gross rent

$121.9K $21.60/SF

− Vacancy

−$12.2K −$2.16/SF

EGI

$109.7K $19.44/SF

− OpEx

−$41.1K −$7.29/SF

NOI

$68.6K $12.15/SF

Area

Cincinnati, OH

Vacancy

10.00%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$1,371,500

Cap Rate 7%

$979,643

Cap Rate 9%

$761,944

Alternative Uses

Best Use

Mixed Use

$979.6K

$857.2K – $1.14M (±1% cap)

NOI $68,575 @ 7.0% cap · market cap 7.62%

Second Best

Office B

$962.3K

$842.0K – $1.12M (±1% cap)

NOI $67,362 @ 7.0% cap · market cap 7.48%

Theoretical Best

Office A

$1.12M

$981.7K – $1.31M (±1% cap)

NOI $78,536 @ 7.0% cap · market cap 8.73%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Audit-Tel Telecommunications Service Inverse Technology Solutions Telecommunications Service

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply Kitchen & Bath Showroom Nail Salon Auto Parts Store Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,323

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 45230, OH

27,718

Population

11,987

Households

2.3

Avg Household Size

40

Median Age

54%

College-Educated

97%

High-School Grad

13.7 sq mi

ZIP Area

2,023

Density / Sq Mi

$87,100

Median Household Income

$53,900

Median Earnings

$962

Median Rent

$237,200

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this medical office space located? What is the asking price? Find similar properties ... What are key features of this property?

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Similar For Sale Nearby

Medical Office with Covered Entrance

7293 Beechmont Ave, Anderson Twp, OH 45230

$900,000

5,644 SF

View details

Office Condo Suite with Multiple Offices

7655 Five Mile Road, Anderson Twp, OH 45230

$399,900

1.66 Acres

View details

Similar Off Market Nearby

• Petco Vaccination Clinic — 7769 Five Mile Rd, Cincinnati, OH 45230
• PetVet365 Pet Hospital Cincinnati/Anderson — 7434 Beechmont Ave, Cincinnati, OH 45255
• PetVet365 Pet Hospital Cincinnati/Anderson — beechmont ave, cincinnati, oh 45255
• Cincinnati Veterinary Care — 7120 Dunn Rd, Cincinnati, OH 45230
• Cincinnati Equine LLC — 1113 Fehl Ln, Cincinnati, OH 45230

Frequently Asked Questions

What type of property is this?

Medical Office Space - Former physician’s office with covered entry, security systems, and a partially fenced site.

Where is this medical office space located?

The property is located at 7293 Beechmont Avenue Anderson Twp, OH.

What is the asking price?

The asking price for this property is $900,000.

What are key features of this property?

This property features: 5,644 square feet of medical office space on 0.94 acres; Wheelchair‑accessible entrance with covered side awning; Former physician’s office at 7293 Beechmont Avenue