Restaurant Space with Outdoor
12185 Springfield Pike Cincinnati, OH
For Sale
Contact for pricing
Equipped restaurant space with outdoor seating and ample parking.
Property Size10,000 SF
Lot Size3.01 Acres
Price / SF$259.90
Days on Market246
Property Features for 12185 Springfield Pike
General Information
Standard status
Active
Size
10,000 SF
Lot size
3.01 Acres
Property subtype
RETAIL
Listing Agency:
Cushman & Wakefield | Cincinnati
(513) 807-5840
Listed By:
Clare Holtmeier
(513) 322-0776
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Jul 6
Last Checked: Jul 22 at 3:40AM
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 Cushman & Wakefield | Cincinnati
Investment Insights
Based on property information with market context.
This 10,000-square-foot restaurant space is fully equipped and features an outdoor deck with seating. The property has over 100 parking spaces. It is situated at the intersection of Route 4 and W Crescentville Rd, which sees over 40,000 vehicles per day. The location benefits from a high daytime population, with over 164,000 people within a 5-mile radius. The intended use of this property is for a restaurant.
Key Highlights
- Fully Equipped 10,000 SF Restaurant Space
- Enjoy the Outdoor Deck with Seating
- Benefit from Over 100 Parking Spaces
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $192.0k | $19.20 |
| − Vacancy | −$13.4k | −$1.34 |
| EGI | $178.6k | $17.86 |
| − OpEx | −$44.6k | −$4.46 |
| NOI | $133.9k | $13.39 |
10,000 SF · lease $19.20/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.91M
$1.67M – $2.23M
NOI $133,920 @ 7.0% cap · market cap 5.15%
Second Best
Retail
$1.65M
$1.44M – $1.92M
NOI $115,290 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,150 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Restaurant - Equipped restaurant space with outdoor seating and ample parking.
Where is this restaurant located?
The property is located at 12185 Springfield Pike Cincinnati, OH.
What is the asking price?
The asking price for this property is $2,599,000.
What are key features of this property?
This property features: Fully Equipped 10,000 SF Restaurant Space; Enjoy the Outdoor Deck with Seating; Benefit from Over 100 Parking Spaces
