Creative Space in Walnut
For Sale
Contact for pricing
1050 E McMillan St, Cincinnati, OH
7,058 SF creative space in historic Walnut Hills.
Property Size7,058 SF
Lot Size0.05 Acres
Price / SF$212.52
Days on Market270
Property Features for 1050 E McMillan St
General Information
Standard status
Active
Size
7,058 SF
Lot size
0.05 Acres
Property subtype
OFFICE
Listing Agency:
Comey & Shepherd Realtors | Hyde Park
(513) 218-3287
Listed By:
Erick Blenk
(513) 218-3287
Source:
Moodyscre
Added: Nov 4, 2025
Changed: Jul 6
Last Checked: Jul 31 at 5:39PM
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 Comey & Shepherd Realtors | Hyde Park
Investment Insights
Based on property information with market context.
This 7,058 square foot property is positioned at a high-profile intersection in Walnut Hills. The building offers expansive, creative-ready space within a structure steeped in history. It includes nine dedicated parking spaces and a convenient bay door, providing seamless logistics for a variety of businesses. This property offers an opportunity to be part of Walnut Hills' renaissance.
Key Highlights
- High profile location in Walnut Hills renaissance.
- 7,058 sq ft of expansive, creative ready space.
- Nine dedicated parking spaces.
Financial Insights For Office B
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 | $145.7k | $20.64 |
| − Vacancy | −$33.4k | −$4.73 |
| EGI | $112.3k | $15.91 |
| − OpEx | −$28.1k | −$3.98 |
| NOI | $84.2k | $11.94 |
7,058 SF · lease $20.64/SF/yr · vacancy 22.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.40M
NOI $84,238 @ 7.0% cap · market cap 5.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,212 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,599
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Cincinnati, OH
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Creative space - 7,058 SF creative space in historic Walnut Hills.
Where is this creative space located?
The property is located at 1050 E McMillan St Cincinnati, OH.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: High profile location in Walnut Hills renaissance.; 7,058 sq ft of expansive, creative ready space.; Nine dedicated parking spaces.
