Corner Office
New
For Sale
$395,000
1703 Dale Road, Cincinnati, OH 45237
Commercial Sale, Cincinnati, OH
Property Size1,682 SF
Lot Size0.19 Acres
Price / SF$234.84
Days on Market2
Property Features for 1703 Dale Road
General Information
Property type
Commercial Sale
Property subtype
Office
Parking features
On Street
Interior features
Smoke Detector, Alarm System
Exterior features
Full Fenced
Fencing
Fenced
Directions
Norwood Lateral to N on Reading Road, R on Dale Rd, property is on the right
Subdivision
Hamilton-E02
Standard status
Active
APN
119-0002-0394-90
Lot size
0.19 Acres
Utilities
Heating system
Natural Gas, Forced Air
Building Details
Year built
1936
Flooring type
Carpet
Building materials
Brick
Roof type
Shingle
Listing Agency:
Keller Williams Advisors · Keller Williams Realty
(513) 766-9200
Listed By:
Sean Dennedy
(513) 227-4284
Added: Sep 10
Last Checked: Sep 11 at 9:06PM
MLS# 1893555
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.
Investment Insights
Based on property information with market context.
This 1,682 SF brick office property occupies a corner location and was originally built in 1936. The interior has been adapted for office use, with high ceilings, strong natural light, a lower level, and two half-baths. Carpeted floors, forced-air heating, natural gas service, smoke detection, and an alarm system are included. The property also has a shingle roof and a fully fenced exterior.
Zoned CC-M-T, the building supports office, medical, childcare, retail, community organization, or mixed-use redevelopment uses as described. A rear lot provides room for additional parking or expansion, while on-street parking is available. The property is minutes from I-75, the Norwood Lateral, and downtown Cincinnati.
Zoned CC-M-T, the building supports office, medical, childcare, retail, community organization, or mixed-use redevelopment uses as described. A rear lot provides room for additional parking or expansion, while on-street parking is available. The property is minutes from I-75, the Norwood Lateral, and downtown Cincinnati.
Key Highlights
- 1,682 SF office property on a 0.192‑acre lot
- Built in 1936 with brick construction and a shingle roof
- CC‑M‑T zoning supports office, medical, childcare, retail, community, or mixed‑use redevelopment uses
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
$20,075
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
5.08%
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%
$401,500
$401.5K
Cap Rate 7%
$286,786
$286.8K
Cap Rate 9%
$223,056
$223.1K
Market Conditions
NOI Build-Up for 1,682 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
$34.7K $20.64/SF
− Vacancy
−$8.0K −$4.73/SF
EGI
$26.8K $15.91/SF
− OpEx
−$6.7K −$3.98/SF
NOI
$20.1K $11.94/SF
Area
Cincinnati, OH
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%
$401,500
Cap Rate 7%
$286,786
Cap Rate 9%
$223,056
Alternative Uses
Best Use
Office B
$286.8K
$250.9K – $334.6K
NOI $20,075 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$334.4K
$292.6K – $390.1K
NOI $23,405 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
379
Businesses Nearby
Explore this area
Business Placement
Demographics for 45237, OH
21,029
Population
10,976
Households
1.9
Avg Household Size
41
Median Age
29%
College-Educated
88%
High-School Grad
6.1 sq mi
ZIP Area
3,447
Density / Sq Mi
$43,598
Median Household Income
$34,276
Median Earnings
$863
Median Rent
$158,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Cincinnati, OH
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Reconfigured office space in a brick building with high ceilings, natural light, and a fenced rear lot.
Where is this office units located?
The property is located at 1703 Dale Road Cincinnati, OH.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 1,682 SF office property on a 0.192‑acre lot; Built in 1936 with brick construction and a shingle roof; CC‑M‑T zoning supports office, medical, childcare, retail, community, or mixed‑use redevelopment uses
