Medical Office
For Sale
$565,000
5757 Glenway Ave, Cincinnati, OH 45238
For-sale medical office space at 5757 Glenway Ave in Cincinnati, Ohio.
Property Size4,250 SF
Days on Market144
Property Features for 5757 Glenway Ave
General Information
Standard status
Active
Size
4,250 SF
Class
B
Property subtype
Office - Medical Office
Zoning
OT-L
Building Details
Building Size
4,250 SF
Year Built
1992
Year Renovated
2024
Stories
2
Listing Agency:
Republic Commercial Real Estate
(513) 549-5440
Listed By:
Nick Barela · License #2011000312
Source:
Commercialcafe
Added: Mar 31
Changed: Aug 15
Last Checked: Aug 18 at 6:00AM
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 Republic Commercial Real Estate
Investment Insights
Based on property information with market context.
This for-sale medical office space is listed as commercial real estate under office and medical office space property types. The offering is presented at 5757 Glenway Ave in Cincinnati, Ohio 45238.
Additional details on size, unit configuration, and building features are not provided in the available information.
Additional details on size, unit configuration, and building features are not provided in the available information.
Key Highlights
- Medical office space for sale at 5757 Glenway Ave in Cincinnati, Ohio
- Built in 1992
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
$50,724
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
8.98%
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%
$1,014,480
$1.0M
Cap Rate 7%
$724,629
$724.6K
Cap Rate 9%
$563,600
$563.6K
Market Conditions
NOI Build-Up for 4,250 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
$87.7K $20.64/SF
− Vacancy
−$20.1K −$4.73/SF
EGI
$67.6K $15.91/SF
− OpEx
−$16.9K −$3.98/SF
NOI
$50.7K $11.94/SF
Area
ZIP 45238
Vacancy
22.90%
Lease Rate
$20.64 /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%
$1,014,480
Cap Rate 7%
$724,629
Cap Rate 9%
$563,600
Alternative Uses
Best Use
Office B
$724.6K
$634.1K – $845.4K
NOI $50,724 @ 7.0% cap · market cap 8.98%
Second Best
Healthcare Medical
$603.3K
$527.9K – $703.8K
NOI $42,228 @ 7.0% cap · market cap 7.47%
Theoretical Best
Office A
$945.7K
$827.5K – $1.10M
NOI $66,196 @ 7.0% cap · market cap 11.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,086
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 45238, OH
46,864
Population
21,834
Households
2.1
Avg Household Size
37
Median Age
27%
College-Educated
91%
High-School Grad
10.3 sq mi
ZIP Area
4,550
Density / Sq Mi
$64,672
Median Household Income
$40,043
Median Earnings
$913
Median Rent
$168,800
Median Home Value
Market
Vacancy Rate% for Office in Cincinnati, OH
Questions? Ask Rey
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Similar Off Market Nearby
- Glenway Animal Hospital: Cron Diana D DVM — 6272 Glenway Ave, Cincinnati, OH 45211
- Oak Hills Animal Hospital — 5778 Glenway Ave, Cincinnati, OH 45238
- Glenway Animal Hospital: Naas Rebecca K DVM — 6272 Glenway Ave, Cincinnati, OH 45211
- Animal Hospital of Delhi Hills — 2035 Anderson Ferry Rd, Cincinnati, OH 45238
- Allied Veterinary Centers — 5500 Glenway Ave, Cincinnati, OH 45238
Frequently Asked Questions
What type of property is this?
Medical Office Space - For-sale medical office space at 5757 Glenway Ave in Cincinnati, Ohio.
Where is this medical office space located?
The property is located at 5757 Glenway Ave Cincinnati, OH.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Medical office space for sale at 5757 Glenway Ave in Cincinnati, Ohio; Built in 1992
