Building Details

Year Built 1951

Listing Agency: Coldwell Banker Realty

Listed By: Tahsin Mert Show Phone

Source: Finn-team

Added: Jul 28 Changed: Oct 9 Last Checked: Oct 7 at 1:17PM

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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

Investment Insights

Based on property information with market context.

Located at 10587 Montgomery Rd in Montgomery, Ohio, this 2,736-square-foot office building was constructed in 1951. The property sits across from a hospital and is minutes from a freeway, providing a commercially accessible setting for office use. It is offered for sale and is also available for lease.

Key Highlights

• 2,736‑square‑foot office building
• Constructed in 1951
• Across from a hospital

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,752

Cap Rate

3.43%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$515,040 $515.0K

Cap Rate 7%

$367,886 $367.9K

Cap Rate 9%

$286,133 $286.1K

Market Conditions

NOI Build-Up for 2,736 SF

Gross rent

$46.0K $16.80/SF

− Vacancy

−$11.6K −$4.25/SF

EGI

$34.3K $12.55/SF

− OpEx

−$8.6K −$3.14/SF

NOI

$25.8K $9.41/SF

Area

Hamilton County, OH

Vacancy

25.30%

Lease Rate

$16.80 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$515,040

Cap Rate 7%

$367,886

Cap Rate 9%

$286,133

Alternative Uses

Best Use

Office B

$367.9K

$321.9K – $429.2K (±1% cap)

NOI $25,752 @ 7.0% cap · market cap 3.43%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$490.5K

$429.2K – $572.3K (±1% cap)

NOI $34,336 @ 7.0% cap · market cap 4.58%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Hair Salon Parking Lot & Garage Auto Repair Shop Bakery Cafe & Coffee Shop Kitchen & Bath Showroom

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

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 Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

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

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Frequently Asked Questions

What type of property is this?

Office building - The property offers an office setting near a hospital with convenient freeway proximity.

Where is this office building located?

The property is located at 10587 Montgomery Rd Montgomery, 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: 2,736‑square‑foot office building; Constructed in 1951; Across from a hospital