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    Turn-Key Hair Salon Storefront Title is generated by Realmo AI

    E Central Parkway 102, Cincinnati, OH 45202

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    Turn-key hair salon with 9 chairs, backwash sinks, and optional live-work setup in an Art-Deco building.

    Type:Retail
    Property size:
    1,665 SF
    Price / SF:
    $210/SF
    Added:
    May 1, 2026
    Days on Market:
    37
    Last Refresh:
    Jun 6 at 4:01 am

    Property Features for E Central Parkway 102

    General Information

    Standard status
    Active
    Size
    1,665 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1936

    We can help!

    Listing Contact
    William Draznik

    Listing agent William Draznik License #OH 2006001330

    Listing office Coldwell Banker West Shell Cincinnati

    Listing date May 1, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker West Shell Cincinnati

    HighLights

    • Turn‑key hair salon in the Art‑Deco American Building (30 E. Central) built in 1936
    • Salon setup includes 9 chairs, 3 shampoo backwash sinks, 2 dryer chairs, and 1 waxing chair
    • 12‑ft ceilings and natural light; includes 2 washers, 1 dryer, and 2‑compartment sink in a 1st‑floor storage room
    • Mezzanine level offers potential live/work setup with kitchenette and bathroom
    • $800/month HOA includes 2 deeded parking spaces in the attached garage
    • Located at the intersection of Central Parkway & Walnut near north and south Streetcar lines; salon chairs negotiable (entry items excluded)

    Overview

    This turn-key hair salon is located in the Art-Deco American Building at 30 E. Central. The current interior layout includes 9 chairs, 3 shampoo backwash sinks, 2 dryer chairs, and 1 waxing chair. The space also has 2 washers, 1 dryer, and 2 compartment sink facilities located in a convenient first-floor storage room. Soaring 12-foot ceilings support an open feel and bring in natural light. The mezzanine level is equipped with a kitchenette and bathroom and offers potential for live/work use. Salon chairs are negotiable. The property is sold as-is, and the entry red sofa, entry mirror, and art are excluded from the sale.

    Access is provided through a storefront setting with excellent visibility, positioned at the intersection of Central Parkway and Walnut. The offering includes monthly HOA fees of $800, which covers two deeded parking spaces in the attached garage. Additional on-street and garage parking is available nearby for clients, and the property is located near north and south Streetcar lines.

    For buyers, this configuration supports immediate salon operations with established workstations and built-in wash, laundry, and utility functionality. The mezzanine kitchenette and bathroom can also support flexibility for an owner-operator live/work arrangement, subject to the buyer’s intended use. Showings are scheduled for Mondays only, with notice required to avoid disrupting current business operations.

    Local Financial Insights For Mixed Use

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $36.0k $21.60
    − Vacancy −$3.6k −$2.16
    EGI $32.4k $19.44
    − OpEx −$12.1k −$7.29
    NOI $20.2k $12.15
    1,665 SF · lease $21.60/SF/yr · vacancy 10.00% · expense 37.50%

    Alternative Uses

    Best Use
    Mixed Use
    $289.0K
    $252.9K – $337.2K (±1% cap)
    NOI $20,230 @ 7.0% cap · market cap 5.78%
    Second Best
    Office B
    $283.9K
    $248.4K – $331.2K (±1% cap)
    NOI $19,872 @ 7.0% cap · market cap 5.68%
    Theoretical Best
    Office A
    $331.0K
    $289.6K – $386.1K (±1% cap)
    NOI $23,168 @ 7.0% cap · market cap 6.62%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Spa & Massage Center Restaurant Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center Kitchen & Bath Showroom

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

    Similar Places Nearby

    • Gronauer Florist — 1 W 4th St #120, Cincinnati, OH 45202, United States
    • Murrelle's Florist — 631 Main St, Cincinnati, OH 45202
    • The Budding Florist — 1817 Elm St, Cincinnati, OH 45202
    • Gia and the Blooms - Findlay Market — 1801 Race St, Cincinnati, OH 45202
    • I Am Blossoms — 407 Vine St, Cincinnati, OH 45202

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Clermont
    State
    Ohio
    Longitude
    -84.5127996
    Latitude
    39.1077044

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    FAQs

    What type of property is this?
    Storefront property - Turn-key hair salon with 9 chairs, backwash sinks, and optional live-work setup in an Art-Deco building.
    Where is this storefront property located?
    The property is located at E Central Parkway 102 Cincinnati, OH.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Turn‑key hair salon in the Art‑Deco American Building (30 E. Central) built in 1936; Salon setup includes 9 chairs, 3 shampoo backwash sinks, 2 dryer chairs, and 1 waxing chair; 12‑ft ceilings and natural light; includes 2 washers, 1 dryer, and 2‑compartment sink in a 1st‑floor storage room
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    William Draznik
    Real Estate License ID: OH 2006001330
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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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