Single-Story Flex
1259 Kemper Meadow Drive #1259, Forest Park, OH 45240
For Sale
$789,900
Existing classroom and office areas, multiple tenants, and a vacant suite support a range of office and service configurations.
Property Size13,950 SF
Price / SF$56.62
Days on Market231
Property Features for 1259 Kemper Meadow Drive #1259
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Occupancy
Additional Details
Asking Price
Highway Access
Tenant in Place
Property Use
Amenities
Part Fenced
Sidewalks
Building Details
Building Size
Year Built
Stories
Tenancy
Listing Agency:
Keller Williams Seven Hills Re
(513) 371-5070
Listed By:
Jahmar R Daniels · License #2014003211
(513) 592-9454
Source:
Falgnerrealty
Added: Mar 24
Changed: Nov 7
Last Checked: Nov 8 at 7:05AM
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 Keller Williams Seven Hills Re
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Investment Insights
Based on property information with market context.
This single-story flex property in Kemper Meadows Office Park has classroom and office areas and is zoned Office, Commercial. Two tenants occupy 11,056 square feet, including a childcare user in 8,092 square feet and a second tenant in 2,964 square feet. A separate 2,744-square-foot space is vacant. The building was constructed in 1989 and has five A/C units and approximately 45 parking spaces.
The property is on Kemper Meadow Drive, near I-275, in a corridor with approximately 18,000 vehicles per day. The HOA covers exterior maintenance, snow removal, water, and trash.
The property is on Kemper Meadow Drive, near I-275, in a corridor with approximately 18,000 vehicles per day. The HOA covers exterior maintenance, snow removal, water, and trash.
Key Highlights
- Two tenants occupy 11,056 square feet, including a childcare user in 8,092 square feet
- 2,744‑square‑foot vacant space
- Approximately 45 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,677
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,213,540
$1.2M
Cap Rate 7%
$866,814
$866.8K
Cap Rate 9%
$674,189
$674.2K
Market Conditions
NOI Build-Up for 13,950 SF
Gross rent
$88.7K $6.36/SF
− Vacancy
−$2.0K −$0.15/SF
EGI
$86.7K $6.21/SF
− OpEx
−$26.0K −$1.86/SF
NOI
$60.7K $4.35/SF
Area
Hamilton County, OH
Vacancy
2.30%
Lease Rate
$6.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,213,540
Cap Rate 7%
$866,814
Cap Rate 9%
$674,189
Alternative Uses
Best Use
Flex RnD
$2.05M
$1.79M – $2.39M
NOI $143,515 @ 7.0% cap · market cap 18.17%
Second Best
Office B
$1.88M
$1.64M – $2.19M
NOI $131,300 @ 7.0% cap · market cap 16.62%
Theoretical Best
Office A
$2.50M
$2.19M – $2.92M
NOI $175,067 @ 7.0% cap · market cap 22.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
80%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
389
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45240, OH
28,820
Population
11,485
Households
2.5
Avg Household Size
37
Median Age
32%
College-Educated
91%
High-School Grad
9.7 sq mi
ZIP Area
2,971
Density / Sq Mi
$66,918
Median Household Income
$38,593
Median Earnings
$1,187
Median Rent
$176,600
Median Home Value
Market
Average Price Trend$/SF for Flex space in Hamilton County, OH
Properties on Market for Flex space in Hamilton County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Existing classroom and office areas, multiple tenants, and a vacant suite support a range of office and service configurations.
Where is this flex space located?
The property is located at 1259 Kemper Meadow Drive #1259 Forest Park, OH.
What is the asking price?
The asking price for this property is $789,900.
What are key features of this property?
This property features: Two tenants occupy 11,056 square feet, including a childcare user in 8,092 square feet; 2,744‑square‑foot vacant space; Approximately 45 parking spaces
