Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    55 Merchant St Cincinnati, OH 45246

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Office building with 43,638 SF available for lease.

    Property size:
    174,544 SF
    Lot size:
    9.07 Acres

    Property Features for 55 Merchant St

    General Information

    Size
    174,544 SF
    Lot size
    9.07 Acres

    We can help!

    Listing Contact
    Michelle Klingenberg
    Source: Moodyscre

    Listing Agent: Michelle Klingenberg

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Office Building in Cincinnati, OH

    An office building, known as Office Executive Centre 2, is available for lease at 55 Merchant St, Cincinnati, Ohio. The available square footage is 43,638 SF. The property's total size is 174,544 square feet.
    Location Intelligence

    Current Use by Public Records

    Cincom Systems Software Company CDI-Aerospace Aerospace Company Cincom Smalltalk Software Company

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Clermont
    State
    Ohio
    Longitude
    -84.4700336
    Latitude
    39.2786094

    Nearby Similar for Sale

    • $1,399,000
      10,032 SF

      Two-Story Commercial Space in Oakley

      Well-kept commercial building in Oakley with move-in-ready office space.
      3927 Brotherton Rd, Cincinnati, OH 45209
      View Details
    • $634,000
      Pending

      Remodeled Triplex in Oakley, Cincinnati

      Turnkey triplex with high returns in desirable Oakley location.
      4326 Brownway Ave, Cincinnati, OH 45209
      View Details
    • $290,000
      Pending

      Historic Cincinnati Office Building

      Updated office building with rental income potential in Cincinnati.
      1639 North Bend Rd, Cincinnati, OH 45224
      View Details
    • $319,000
      Pending

      Colonial Two-Family Home

      Two-family home in Oak Hills school district with hardwood floors.
      1141 Covedale Ave, Cincinnati, OH 45238
      View Details
    • $395,000
      1,602 SF

      Updated Duplex in Cincinnati

      Updated duplex with strong rental income potential or owner-occupancy.
      3551 Harrow Ave, Cincinnati, OH 45209
      View Details
    • New
      $324,900
      Pending

      High-Traffic Office/Retail Building For Sale

      Office/retail building in White Oak with high traffic and garage.
      5709 Cheviot Rd, Cincinnati, OH 45247
      View Details
    • New
      $575,000
      Pending

      Historic 1907 Cincinnati Brick Estate

      Versatile 5,800 sq ft property with modern updates near downtown.
      6217 Erie Ave, Cincinnati, OH 45227
      View Details
    • $613,000
      3,476 SF

      Historic Over-the-Rhine Tenement Building

      Rare opportunity to own a piece of Cincinnati history.
      1808 Vine St, Cincinnati, OH 45202
      View Details
    • $399,000
      Pending

      Cincinnati Duplex with Development Potential

      Duplex in Walnut Hills with development opportunity, leased until 2026.
      2199 Victory Pkwy, Cincinnati, OH 45206
      View Details
    • Contact for pricing
      0.26 Acres

      Bar/Restaurant/Retail Spaces Available

      Second generation bar/restaurant/retail spaces for sale.
      2015 Madison Rd, Cincinnati, OH 45208
      View Details
    • $399,000
      5,388 SF

      Multifamily Property Near UC Campus

      Fully leased investment opportunity near hospitals and UC campus.
      3010 Burnet Ave, Cincinnati, OH 45219
      View Details
    • Contact for pricing
      1.04 Acres

      Office & Warehouse Space Available

      15,000 sqft office and warehouse space for lease.
      2612 Gibert Ave, Cincinnati, OH 45206
      View Details

    FAQs

    What type of property is this?
    Office building - Office building with 43,638 SF available for lease.
    Where is this office building located?
    The property is located at 55 Merchant St Cincinnati, OH.
    What are key features of this property?
    This property features: - Executive Centre 2: Office Executive Centre; - Located at 55 Merchant St, Cincinnati, Ohio 45246; - 43,638 SF Available for lease
    (859) 991-5157
    Request Owner's contact information
    55 Merchant St Cincinnati, OH 45246
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    55 Merchant St
    Cincinnati, OH 45246
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    55 Merchant St Cincinnati, OH 45246
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Michelle Klingenberg
    (859) 991-5157
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.