Former Restaurant Building For
For Sale
$545,000
11020 Hamilton Avenue, Cincinnati, OH 45231
3,816 SF former restaurant on 0.94 acres available.
Property Size3,816 SF
Lot Size0.94 Acres
Price / SF$142.82
Days on Market209
Property Features for 11020 Hamilton Avenue
General Information
Standard status
Active
Size
3,816 SF
Lot size
0.94 Acres
Property subtype
Restaurant
Building Details
Building Size
3,816 SF
Listing Agency:
NAI | Bergman
Listed By:
David Metz · License #SAL.2002005228
(513) 769-1700
Source:
Thebrokerlist
Added: Apr 1
Changed: Oct 25
Last Checked: Oct 24 at 1:35PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A former restaurant building is available for sale. The building has an area of 3,816 square feet and is situated on a 0.94-acre lot. The property formerly operated as a Taco Bell. It offers convenient access to I-275.
Key Highlights
- Former Taco Bell Restaurant
- 3,816 SF Building Size
- 0.94 Acre Lot Size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,415
Cap Rate
7.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$848,300
$848.3K
Cap Rate 7%
$605,929
$605.9K
Cap Rate 9%
$471,278
$471.3K
Market Conditions
NOI Build-Up for 3,816 SF
Gross rent
$59.5K $15.60/SF
− Vacancy
−$3.0K −$0.78/SF
EGI
$56.6K $14.82/SF
− OpEx
−$14.1K −$3.70/SF
NOI
$42.4K $11.11/SF
Area
ZIP 45231
Vacancy
5.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$848,300
Cap Rate 7%
$605,929
Cap Rate 9%
$471,278
Alternative Uses
Best Use
Specialty Retail
$605.9K
$530.2K – $706.9K
NOI $42,415 @ 7.0% cap · market cap 7.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$758.6K
$663.8K – $885.0K
NOI $53,100 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
351
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Cincinnati, OH
Frequently Asked Questions
What type of property is this?
Drive through restaurant - 3,816 SF former restaurant on 0.94 acres available.
Where is this drive through restaurant located?
The property is located at 11020 Hamilton Avenue Cincinnati, OH.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: Former Taco Bell Restaurant; 3,816 SF Building Size; 0.94 Acre Lot Size
