Building Details

Year built 1984

Flooring type Concrete, Carpet

Building materials Cedar

Roof type Asbestos Shingle

Listing Agency: OwnerLand Realty, Inc. y***@ownerland.com Show Phone

Listed By: Robert Merkt Show Phone

Added: Nov 17, 2025 Changed: Oct 17 Last Checked: Oct 21 at 10:06AM

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MLS# 1862341

Copyright © 2026 MLS of Greater Cincinnati, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This 5,180-square-foot office property, built in 1984, provides a practical professional layout with four private offices, a reception area with desk, and a conference room. Interior finishes include carpet and concrete flooring, while forced-air heating serves the building. Cedar construction and an asbestos-shingle roof complete the existing improvements.

The property occupies the corner of RT 4 and Cresentville Rd. Four exterior sign locations are available, supporting on-site identification. Operating responsibilities include tenant payment of electric and heat costs.

Key Highlights

• 5,180 square feet of office space
• Four private offices plus reception and conference areas
• Four exterior sign locations available

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$48,755

Suggested Prices Based on Cap Rates

Cap Rate 5%

$975,100 $975.1K

Cap Rate 7%

$696,500 $696.5K

Cap Rate 9%

$541,722 $541.7K

What to ask about pricing

Market Conditions

NOI Build-Up for 5,180 SF

Gross rent

$87.0K $16.80/SF

− Vacancy

−$22.0K −$4.25/SF

EGI

$65.0K $12.55/SF

− OpEx

−$16.3K −$3.14/SF

NOI

$48.8K $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%

$975,100

Cap Rate 7%

$696,500

Cap Rate 9%

$541,722

Alternative Uses

Best Use

Office B

$696.5K

$609.4K – $812.6K (±1% cap)

NOI $48,755 @ 7.0% cap · market cap 4,875,500.00%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$928.7K

$812.6K – $1.08M (±1% cap)

NOI $65,007 @ 7.0% cap · market cap 6,500,700.00%

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

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Restaurant Gym & Fitness Center Pharmacy

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

Location Intelligence

Trade Area within ½ mile

960

Businesses Nearby

Explore this area Business Placement

Demographics for 45246, OH

15,249

Population

6,289

Households

2.4

Avg Household Size

39

Median Age

32%

College-Educated

87%

High-School Grad

9.4 sq mi

ZIP Area

1,622

Density / Sq Mi

$70,150

Median Household Income

$39,764

Median Earnings

$1,231

Median Rent

$189,700

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

Frequently Asked Questions

What type of property is this?

Office unit - Configured with reception, a conference room, and four enclosed offices.

Where is this office unit located?

The property is located at 12124 Sheraton Lane Springdale, OH.

What are key features of this property?

This property features: 5,180 square feet of office space; Four private offices plus reception and conference areas; Four exterior sign locations available