Office Building Near
For Sale
$750,000
10587 Montgomery Rd, Cincinnati, OH 45242
Office building for sale, minutes from the freeway and positioned across from a hospital.
Property Size2,736 SF
Price / SF$274.12
Days on Market332
Property Features for 10587 Montgomery Rd
General Information
Standard status
Active
Size
2,736 SF
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$15,354
Listing Agency:
Coldwell Banker Realty
(513) 891-8500
Listed By:
Tahsin Mert
(513) 802-8977
Source:
Exprealty
Added: Nov 24, 2025
Changed: Oct 8
Last Checked: Oct 21 at 12:09AM
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 Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office building is available for sale, with the added option of leasing. The property is sized to support office use and offers a straightforward setup for an in-person business presence.
The building is located at 10587 Montgomery Rd in Cincinnati, OH. It is described as minutes from the freeway and across from a hospital, providing convenient access for employees and visitors.
If you’re looking for an office option with quick freeway proximity and a nearby healthcare anchor, this property’s current availability for both sale and lease may fit your planning needs.
The building is located at 10587 Montgomery Rd in Cincinnati, OH. It is described as minutes from the freeway and across from a hospital, providing convenient access for employees and visitors.
If you’re looking for an office option with quick freeway proximity and a nearby healthcare anchor, this property’s current availability for both sale and lease may fit your planning needs.
Key Highlights
- Office building for sale minutes from the freeway
- Positioned across from a hospital
- Also available for lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,654
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,080
$653.1K
Cap Rate 7%
$466,486
$466.5K
Cap Rate 9%
$362,822
$362.8K
Market Conditions
NOI Build-Up for 2,736 SF
Gross rent
$56.5K $20.64/SF
− Vacancy
−$12.9K −$4.73/SF
EGI
$43.5K $15.91/SF
− OpEx
−$10.9K −$3.98/SF
NOI
$32.7K $11.94/SF
Area
Cincinnati, OH
Vacancy
22.90%
Lease Rate
$20.64 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,080
Cap Rate 7%
$466,486
Cap Rate 9%
$362,822
Alternative Uses
Best Use
Office B
$466.5K
$408.2K – $544.2K
NOI $32,654 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$543.9K
$475.9K – $634.5K
NOI $38,071 @ 7.0% cap · market cap 5.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,095
Businesses Nearby
Explore this area
Business Placement
Demographics for 45242, OH
23,214
Population
9,587
Households
2.4
Avg Household Size
42
Median Age
70%
College-Educated
98%
High-School Grad
13.6 sq mi
ZIP Area
1,707
Density / Sq Mi
$120,869
Median Household Income
$74,505
Median Earnings
$1,781
Median Rent
$421,200
Median Home Value
Market
Vacancy Rate% for Office in Cincinnati, OH
Frequently Asked Questions
What type of property is this?
Office building - Office building for sale, minutes from the freeway and positioned across from a hospital.
Where is this office building located?
The property is located at 10587 Montgomery Rd Cincinnati, OH.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Office building for sale minutes from the freeway; Positioned across from a hospital; Also available for lease
