2041 MADISON RD Cincinnati, OH 45208
Mixed-use property featuring retail space and residential apartment.
Property Features for 2041 MADISON RD
General Information
- Standard status
- Active
- Size
- 3,410 SF
- Property subtype
- Retail, Mixed Use
Building Details
- Year Built
- 1880
Listing office Sibcy Cline (513) 378-5801
Listing date May 23, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Sibcy Cline
Investment Insights
Based on property information with market context.
Key Highlights
- Retail space on the 1st floor (1,960 sf) with full basement
- Two‑bedroom apartment upstairs (1,450 sf) with loft (potential 3rd bedroom)
- Billboard on the side of the building for additional revenue
Local Financial Insights For Mixed Use
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 | $73.7k | $21.60 |
| − Vacancy | −$7.4k | −$2.16 |
| EGI | $66.3k | $19.44 |
| − OpEx | −$24.9k | −$7.29 |
| NOI | $41.4k | $12.15 |
