High-Visibility Retail
For Sale
Contact for pricing
10834 Hamilton Ave, Cincinnati, OH 45231
Retail storefront with high-visibility Hamilton Avenue frontage and part-time occupancy by Little Caesars Pizza.
Property Size2,477 SF
Price / SF$338
Days on Market36
Property Features for 10834 Hamilton Ave
General Information
Standard status
Active
Size
2,477 SF
Property subtype
RETAIL
Site & Location
Traffic Count
14,400 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
8.5%
Listing Agency:
NAI Bergman
(513) 823-0068
Listed By:
Hayden Batchelor · License #SAL.2021004901
(513) 823-0068
Source:
Moodyscre
Added: Jul 7
Changed: Jul 26
Last Checked: Jul 26 at 11:54PM
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 NAI Bergman
Investment Insights
Based on property information with market context.
This retail storefront property offers high-visibility frontage along Hamilton Avenue and is partly occupied by Little Caesars Pizza. The building provides a versatile footprint suitable for retail, office, or service use, with a total size of 2,477 square feet.
Convenient access to I-275 supports day-to-day connectivity to surrounding markets. The property is described as having strong daily traffic counts, with 14,400 vehicles per day providing customer exposure.
Available configuration can accommodate a tenant mix as currently arranged and supports flexible use across retail, office, and service operations, depending on leasing needs.
Convenient access to I-275 supports day-to-day connectivity to surrounding markets. The property is described as having strong daily traffic counts, with 14,400 vehicles per day providing customer exposure.
Available configuration can accommodate a tenant mix as currently arranged and supports flexible use across retail, office, and service operations, depending on leasing needs.
Key Highlights
- 14,400 VPD provides strong daily traffic counts and customer exposure on Hamilton Avenue frontage
- Property has high‑visibility frontage on Hamilton Avenue with convenient access to I‑275 and surrounding markets
- Suitable for retail, office, or service users
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
$24,448
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
2.91%
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%
$488,960
$489.0K
Cap Rate 7%
$349,257
$349.3K
Cap Rate 9%
$271,644
$271.6K
Market Conditions
NOI Build-Up for 2,477 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
$37.2K $15.00/SF
− Vacancy
−$2.2K −$0.90/SF
EGI
$34.9K $14.10/SF
− OpEx
−$10.5K −$4.23/SF
NOI
$24.4K $9.87/SF
Area
ZIP 45231
Vacancy
6.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$488,960
Cap Rate 7%
$349,257
Cap Rate 9%
$271,644
Alternative Uses
Best Use
Retail
$349.3K
$305.6K – $407.5K
NOI $24,448 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$492.4K
$430.8K – $574.5K
NOI $34,467 @ 7.0% cap · market cap 4.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
14,400 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
422
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45231, OH
41,934
Population
17,845
Households
2.3
Avg Household Size
40
Median Age
27%
College-Educated
91%
High-School Grad
14.8 sq mi
ZIP Area
2,833
Density / Sq Mi
$69,140
Median Household Income
$43,400
Median Earnings
$1,118
Median Rent
$164,900
Median Home Value
Market
Vacancy Rate% for Retail in Cincinnati, OH
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail storefront with high-visibility Hamilton Avenue frontage and part-time occupancy by Little Caesars Pizza.
Where is this storefront property located?
The property is located at 10834 Hamilton Ave Cincinnati, OH.
What is the asking price?
The asking price for this property is $839,700.
What are key features of this property?
This property features: 14,400 VPD provides strong daily traffic counts and customer exposure on Hamilton Avenue frontage; Property has high‑visibility frontage on Hamilton Avenue with convenient access to I‑275 and surrounding markets; Suitable for retail, office, or service users
