Renovated Two-Story
For Sale
$1,900,000
204 W Loveland Avenue, Loveland, OH 45140
Commercial Sale, Loveland, OH
Property Size9,726 SF
Lot Size0.04 Acres
Price / SF$195.35
Days on Market48
Property Features for 204 W Loveland Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
On Street
Security features
Security Lighting
Interior features
Security Light, Elevator, Sprinkler Wet, Smoke Detector, Alarm System, Display Window
Exterior features
Sidewalks, Curb/Gutter, Lights
Accessibility
Accessible Elevator Installed
Directions
Loveland Madeira Rd to R on West Loveland Ave
Subdivision
Clermont-C02
Standard status
Active
APN
20-06-02A-011B
Size
9,726 SF
Lot size
0.04 Acres
Utilities
Heating system
Heat Pump (Heating), Forced Air
Building Details
Year built
2018
Flooring type
Tile, Wood
Building materials
Brick
Roof type
Shingle, Membrane
Listing Agency:
Keller Williams Advisors · Keller Williams Realty
Listed By:
Kristen Carter
(513) 766-9200
Added: Sep 9
Changed: Oct 24
Last Checked: Oct 26 at 6:06AM
MLS# 1893309
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 9,726-square-foot restaurant property in Loveland, Ohio, occupies two floors and includes a 1,800-square-foot rooftop bar, basement storage, and a fully equipped commercial kitchen of approximately 1,600 square feet. Kitchen equipment includes a walk-in refrigerator/freezer. The building was renovated and features upscale finishes, updated mechanical systems, brick construction, tile and wood flooring, an elevator, wet sprinkler protection, smoke detectors, and an alarm system.
The property is located at 204 W Loveland Avenue and includes on-street parking, sidewalks, curb and gutter, exterior lighting, and display windows. An accessible elevator is installed. The building has a 100% property tax abatement through December 2030. The current operator is prepared to lease the building for the foreseeable future.
The property is located at 204 W Loveland Avenue and includes on-street parking, sidewalks, curb and gutter, exterior lighting, and display windows. An accessible elevator is installed. The building has a 100% property tax abatement through December 2030. The current operator is prepared to lease the building for the foreseeable future.
Key Highlights
- 9,726 square feet of restaurant property on two floors
- 1,800‑square‑foot rooftop bar
- Approximately 1,600‑square‑foot commercial kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,967
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,239,340
$2.2M
Cap Rate 7%
$1,599,529
$1.6M
Cap Rate 9%
$1,244,078
$1.2M
Market Conditions
NOI Build-Up for 9,726 SF
Gross rent
$157.6K $16.20/SF
− Vacancy
−$8.3K −$0.85/SF
EGI
$149.3K $15.35/SF
− OpEx
−$37.3K −$3.84/SF
NOI
$112.0K $11.51/SF
Area
Hamilton County, OH
Vacancy
5.25%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,239,340
Cap Rate 7%
$1,599,529
Cap Rate 9%
$1,244,078
Alternative Uses
Best Use
Specialty Retail
$1.60M
$1.40M – $1.87M
NOI $111,967 @ 7.0% cap · market cap 5.89%
Second Best
Industrial
$604.3K
$528.8K – $705.1K
NOI $42,304 @ 7.0% cap · market cap 2.23%
Theoretical Best
Office A
$1.74M
$1.53M – $2.03M
NOI $122,057 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
546
Businesses Nearby
30k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Apparel 29%
Shops & Services 27%
Home Improvements & Furnishings 3%
Goodwill
Apparel
8,824 visits/mo
0.5 miles
Dunkin' Donuts
Dining
7,270 visits/mo
0.4 miles
Graeter's Ice Cream
Dining
5,272 visits/mo
0.2 miles
BP
Shops & Services
4,897 visits/mo
0.4 miles
QuikStop
Shops & Services
3,322 visits/mo
0.4 miles
Demographics for 45140, OH
56,386
Population
22,684
Households
2.5
Avg Household Size
40
Median Age
53%
College-Educated
97%
High-School Grad
44.1 sq mi
ZIP Area
1,279
Density / Sq Mi
$110,781
Median Household Income
$58,882
Median Earnings
$1,379
Median Rent
$340,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Includes a rooftop bar, commercial kitchen, and basement storage.
Where is this conventional restaurant located?
The property is located at 204 W Loveland Avenue Loveland, OH.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 9,726 square feet of restaurant property on two floors; 1,800‑square‑foot rooftop bar; Approximately 1,600‑square‑foot commercial kitchen
