Brick Flex Building with Loading
For Sale
$529,000
1620 Hoffner Street, Cincinnati, OH 45223
Commercial Sale, Cincinnati, OH
Property Size4,512 SF
Price / SF$117.24
Days on Market94
Property Features for 1620 Hoffner Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
On Street
Interior features
Truck Dock, Elevator, Smoke Detector
Exterior features
Sidewalks, Lights
Accessibility
Accessible Elevator Installed
Directions
Hamilton Ave north into Northside. Right on Hoffner St to 1620 on the left (just before Knowlton's Corner).
Subdivision
Hamilton-W05
Standard status
Active
APN
221-0013-0030-00
Size
4,512 SF
Additional Details
Property Use
Warehouse, Workshop, Office
Utilities
Heating system
Natural Gas, Forced Air
Building Details
Year built
1900
Flooring type
Wood, Concrete
Building materials
Brick
Roof type
Membrane
Buildings
1
Listing Agency:
Keller Williams Advisors · Keller Williams Realty
Listed By:
Diane Runyan
(513) 766-9200
Added: Jul 27
Changed: Oct 24
Last Checked: Oct 28 at 4:06AM
MLS# 1888021
Copyright © 2026 MLS of Greater Cincinnati, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 4,512-square-foot flex property at 1620 Hoffner Street is a two-story brick building constructed in 1900. Its interior combines warehouse and workshop space with multiple office and flex areas, a loading dock, and two full basement levels used for storage or workspace. An elevator is installed, and the building has wood and concrete flooring.
Recent work includes electrical updates, furnace work, and roof improvements. Heating is natural gas forced air, and the roof is membrane. Parking is on street.
Recent work includes electrical updates, furnace work, and roof improvements. Heating is natural gas forced air, and the roof is membrane. Parking is on street.
Key Highlights
- 4,512‑square‑foot, two‑story brick flex building
- Loading dock plus warehouse and workshop areas
- Two full basement levels provide 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.
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Property Analytics
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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
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-story commercial space combines warehouse, workshop, office, and storage areas, with an elevator serving the building.
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 plus warehouse and workshop areas; Two full basement levels provide storage or workspace
