Flexible-Layout Flex
For Sale
Contact for pricing
1605 Western Ave, Cincinnati, OH 45214
Supports retail, creative office, showroom, and light industrial users.
Property Size15,200 SF
Price / SF$84.87
Days on Market156
Property Features for 1605 Western Ave
General Information
Standard status
Active
Size
15,200 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Rath Equity, LTD
(513) 888-8669
Listed By:
Adam Rath · License #2016005573
Source:
Moodyscre
Added: Feb 25
Changed: Jul 31
Last Checked: Jul 31 at 12:02PM
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 Rath Equity, LTD
Investment Insights
Based on property information with market context.
Located at 1605 Western Ave in Cincinnati, this 15,200-square-foot flex space offers a flexible layout suited to retail, creative office, showroom, and light industrial uses. The property provides convenient ingress and egress and is positioned along the Western corridor, just minutes from Downtown Cincinnati and major highway access.
On-site or nearby parking options support access for users and visitors. The property is situated within an emerging mixed-use district experiencing public and private investment.
On-site or nearby parking options support access for users and visitors. The property is situated within an emerging mixed-use district experiencing public and private investment.
Key Highlights
- 15,200‑square‑foot flex space
- Flexible layout for retail, creative office, showroom, and light industrial users
- 1605 Western Ave, Cincinnati, OH 45214
Financial Insights For Industrial
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 | $113.1k | $7.44 |
| − Vacancy | −$6.8k | −$0.45 |
| EGI | $106.3k | $6.99 |
| − OpEx | −$31.9k | −$2.10 |
| NOI | $74.4k | $4.90 |
15,200 SF · lease $7.44/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Office B
$2.59M
$2.27M – $3.02M
NOI $181,413 @ 7.0% cap · market cap 14.06%
Second Best
Retail
$2.50M
$2.19M – $2.92M
NOI $175,241 @ 7.0% cap · market cap 13.58%
Theoretical Best
Office A
$3.02M
$2.64M – $3.53M
NOI $211,508 @ 7.0% cap · market cap 16.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
913
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 45214, OH
8,901
Population
5,028
Households
1.8
Avg Household Size
32
Median Age
23%
College-Educated
88%
High-School Grad
2.7 sq mi
ZIP Area
3,297
Density / Sq Mi
$26,348
Median Household Income
$27,243
Median Earnings
$762
Median Rent
$102,000
Median Home Value
Market
Vacancy Rate% for Office in Cincinnati, OH
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Magic Spoon — 1719 Elm St, Cincinnati, OH 45202
- Dreamz Jamaican Cuisine — 1801 Race St, Cincinnati, OH 45202
- Olive Tree — 1719 Elm St, Cincinnati, OH 45202
- COOKUP CATERING — 1719 Elm St, Cincinnati, OH 45202
- José Luigi & Henry at Knox Joseph Distillery — 2017 Branch St, Cincinnati, OH 45214
Frequently Asked Questions
What type of property is this?
Flex space - Supports retail, creative office, showroom, and light industrial users.
Where is this flex space located?
The property is located at 1605 Western Ave Cincinnati, OH.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: 15,200‑square‑foot flex space; Flexible layout for retail, creative office, showroom, and light industrial users; 1605 Western Ave, Cincinnati, OH 45214
