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    703 State Route 28 Milford, OH 45150

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    For Sale
    $1,365,400

    Single-tenant medical building with a new long-term lease.

    Property size:
    6,736 SF
    Lot size:
    0.92 Acres

    Property Features for 703 State Route 28

    General Information

    Size
    6,736 SF
    Lot size
    0.92 Acres

    Source: Sperry Van Ness/CommercialRealty Advisors, Inc. (Charles W. Ciolino Jr.) Agent Chuck Ciolino, CCIM

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

    Overview

    Medical Building in Milford, OH

    The property at 703 St. Rt. 28 in Milford, OH, is a single-tenant, free-standing medical building. It is occupied by ABC Pediatric/Ivy Rehab Network, an operator of over 540 physical therapy clinics across 15 states. The tenant has a new 7-year NNN lease signed in 2023, resulting in minimal owner expenses. The location offers high visibility and is a 2-minute drive to the I-275 on-ramp. It is situated in the Milford submarket of Cincinnati, OH. The surrounding area has a five-mile average income of $120,000 and a population of 120,400, indicating strong support and growth potential. The building has a size of 6,736 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    Hill’s Compounding Pharmacy, Milford Animal Hospital, Dr. Michelle Foster, Veterinary Oncology & Referral

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Clermont
    State
    Ohio
    Longitude
    -84.271199
    Latitude
    39.182789

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    FAQs

    What type of property is this?
    Medical office - Single-tenant medical building with a new long-term lease.
    Where is this medical office located?
    The property is located at 703 State Route 28 Milford, OH.
    What is the asking price?
    The asking price for this property is $1,365,400.
    What are key features of this property?
    This property features: - Single-tenant medical building leased to ABC Pediatric/Ivy Rehab Network.; - New 7-year NNN lease signed in 2023, minimizing owner expenses.; - Ivy Rehab is a rapidly growing network with over 540 clinics in 15 states.
    Request Owner's contact information
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    Milford, OH 45150
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    Realmo Value Estimation

    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.

    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.

    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
    703 State Route 28 Milford, OH 45150
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