Brick Flex Building with Loading
1620 Hoffner Street, Cincinnati, OH 45223
For Sale
$529,000
Two basement levels add storage and workspace to a property with warehouse, workshop, and office areas.
Property Size4,512 SF
Price / SF$117.24
Days on Market104
Property Features for 1620 Hoffner Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Amenities
Truck Dock
Elevator
Smoke Detector
Sidewalks
Lights
Building Details
Building Size
Year Built
Buildings
Stories
Construction
Listing Agency:
Keller Williams Advisors
(513) 766-9200
Listed By:
Diane Runyan · License #BRKP.2011002120
(513) 238-9326
Source:
Falgnerrealty
Added: Jul 27
Changed: Nov 7
Last Checked: Nov 7 at 2:05PM
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 Advisors
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Investment Insights
Based on property information with market context.
At 1620 Hoffner Street, this two-story brick flex building contains 4,512 square feet of space. Its configuration includes warehouse and workshop areas, multiple office or flex areas, a loading dock, and two full basement levels for additional storage or workspace. The upper level can be adapted to business needs.
Built in 1900, the property has had electrical updates, furnace work, and roof improvements. The combination of work, office, and storage areas provides several distinct functional spaces within one building.
Built in 1900, the property has had electrical updates, furnace work, and roof improvements. The combination of work, office, and storage areas provides several distinct functional spaces within one building.
Key Highlights
- 4,512‑square‑foot two‑story brick flex building
- Loading dock serving warehouse and workshop areas
- Two full basement levels for storage or workspace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,276
Cap Rate
7.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$785,520
$785.5K
Cap Rate 7%
$561,086
$561.1K
Cap Rate 9%
$436,400
$436.4K
Market Conditions
NOI Build-Up for 4,512 SF
Gross rent
$65.0K $14.40/SF
− Vacancy
−$4.5K −$1.01/SF
EGI
$60.4K $13.39/SF
− OpEx
−$21.1K −$4.69/SF
NOI
$39.3K $8.70/SF
Area
Cincinnati, OH
Vacancy
7.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$785,520
Cap Rate 7%
$561,086
Cap Rate 9%
$436,400
Alternative Uses
Best Use
Flex RnD
$561.1K
$491.0K – $654.6K
NOI $39,276 @ 7.0% cap · market cap 7.42%
Second Best
Warehouse
$377.1K
$329.9K – $439.9K
NOI $26,394 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$896.9K
$784.8K – $1.05M
NOI $62,785 @ 7.0% cap · market cap 11.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
871
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45223, OH
13,174
Population
6,765
Households
1.9
Avg Household Size
33
Median Age
43%
College-Educated
91%
High-School Grad
4.6 sq mi
ZIP Area
2,864
Density / Sq Mi
$46,930
Median Household Income
$41,482
Median Earnings
$914
Median Rent
$203,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Cincinnati, OH
Properties on Market for Flex space in Cincinnati
Vacancy Rate% for Industrial in Cincinnati, OH
Similar Off Market Nearby
- Parts & Labor — 1662 Blue Rock St, Cincinnati, OH 45223
Frequently Asked Questions
What type of property is this?
Flex space - Two basement levels add storage and workspace to a property with warehouse, workshop, and office areas.
Where is this flex space located?
The property is located at 1620 Hoffner Street Cincinnati, OH.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: 4,512‑square‑foot two‑story brick flex building; Loading dock serving warehouse and workshop areas; Two full basement levels for storage or workspace
