Partially Leased Corner Retail
For Sale
$839,700
10834 Hamilton Ave, Cincinnati, OH 45231
Corner retail building at a signalized intersection with 14,400 VPD and space available for lease.
Property Size2,477 SF
Lot Size0.51 Acres
Price / SF$338
Days on Market34
Property Features for 10834 Hamilton Ave
General Information
Standard status
Active
Size
2,477 SF
Lot size
0.51 Acres
Property subtype
Retail
Site & Location
Traffic Count
14,400 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
8.5%
Building Details
Year Built
1988
Listing Agency:
NAI Bergman
(513) 823-0068
Listed By:
Hayden Batchelor · License #OH #SAL.2021004901
Source:
Bergmancommercial
Added: Jul 9
Changed: Jul 20
Last Checked: Aug 11 at 5:55AM
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 NAI Bergman
Investment Insights
Based on property information with market context.
This for-sale corner retail building in Mount Healthy includes one structure on approximately 0.51 acres and offers a total of 2,477 square feet. About half of the building is leased to Little Caesars Pizza, and approximately 1,056 square feet is currently vacant and available for lease.
The property is positioned at the corner of Hamilton Avenue and Roosevelt Avenue at a busy, signaled intersection with high visibility and daily traffic exposure of 14,400 VPD. It is adjacent to vacant lots on both sides.
Access is convenient to I-275 and surrounding markets, supporting retail and office or service user uses for the available space.
The property is positioned at the corner of Hamilton Avenue and Roosevelt Avenue at a busy, signaled intersection with high visibility and daily traffic exposure of 14,400 VPD. It is adjacent to vacant lots on both sides.
Access is convenient to I-275 and surrounding markets, supporting retail and office or service user uses for the available space.
Key Highlights
- 1988‑built corner retail building on approx. 0.51 AC at Hamilton Ave and Roosevelt Ave
- Total size 2,477 SF; approx. 1,056 SF vacant and available for lease
- About half of the building is leased to Little Caesars Pizza
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,532
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$550,640
$550.6K
Cap Rate 7%
$393,314
$393.3K
Cap Rate 9%
$305,911
$305.9K
Market Conditions
NOI Build-Up for 2,477 SF
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.
Gross rent
$38.6K $15.60/SF
− Vacancy
−$1.9K −$0.78/SF
EGI
$36.7K $14.82/SF
− OpEx
−$9.2K −$3.70/SF
NOI
$27.5K $11.11/SF
Area
ZIP 45231
Vacancy
5.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$550,640
Cap Rate 7%
$393,314
Cap Rate 9%
$305,911
Alternative Uses
Best Use
Specialty Retail
$393.3K
$344.2K – $458.9K
NOI $27,532 @ 7.0% cap · market cap 3.28%
Second Best
Retail
$349.3K
$305.6K – $407.5K
NOI $24,448 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$492.4K
$430.8K – $574.5K
NOI $34,467 @ 7.0% cap · market cap 4.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14,400 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
422
Businesses Nearby
Explore this area
Business Placement
Demographics for 45231, OH
41,934
Population
17,845
Households
2.3
Avg Household Size
40
Median Age
27%
College-Educated
91%
High-School Grad
14.8 sq mi
ZIP Area
2,833
Density / Sq Mi
$69,140
Median Household Income
$43,400
Median Earnings
$1,118
Median Rent
$164,900
Median Home Value
Market
Vacancy Rate% for Retail in Cincinnati, OH
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Corner retail building at a signalized intersection with 14,400 VPD and space available for lease.
Where is this retail space located?
The property is located at 10834 Hamilton Ave Cincinnati, OH.
What is the asking price?
The asking price for this property is $839,700.
What are key features of this property?
This property features: 1988‑built corner retail building on approx. 0.51 AC at Hamilton Ave and Roosevelt Ave; Total size 2,477 SF; approx. 1,056 SF vacant and available for lease; About half of the building is leased to Little Caesars Pizza
