Single-Story Brick Flex
For Sale
Contact for pricing
2130 Osterfeld St, Cincinnati, OH 45214
Brick construction combines office space with light industrial functionality in a dedicated commercial setting.
Property Size6,908 SF
Lot Size0.60 Acres
Price / SF$79.60
Days on Market10
Property Features for 2130 Osterfeld St
General Information
Standard status
Active
Size
6,908 SF
Class
B
Lot size
0.60 Acres
Property subtype
Office, Industrial, Mixed Use
Zoning
MG
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1962
Buildings
1
Stories
1
Units
1
Tenancy
Single
Construction
brick
Listing Agency:
Dwyer Commercial Real Estate
(513) 784-1776
Listed By:
John Dwyer · License #OH BRKP.0000209660
Source:
Crexi
Added: Aug 20
Changed: Aug 29
Last Checked: Aug 29 at 1:54PM
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 Dwyer Commercial Real Estate
Investment Insights
Based on property information with market context.
This 6,908-square-foot flex property is a single-story brick building constructed in 1962. The improvements combine office and light industrial space, providing a practical configuration for users seeking both administrative and operational areas. Dedicated off-street parking serves the building.
The property occupies a 0.60-acre wooded lot along Osterfeld St in Cincinnati’s South Fairmount submarket. Its setting is positioned off Harrison Ave, with mature tree cover surrounding the site. Access to the Mill Creek Expressway via US-27 and the Harrison Ave commercial corridor places the property within reach of established transportation and commercial routes. Zoning is designated MG.
The property occupies a 0.60-acre wooded lot along Osterfeld St in Cincinnati’s South Fairmount submarket. Its setting is positioned off Harrison Ave, with mature tree cover surrounding the site. Access to the Mill Creek Expressway via US-27 and the Harrison Ave commercial corridor places the property within reach of established transportation and commercial routes. Zoning is designated MG.
Key Highlights
- 6,908 SF single‑story brick office and light industrial building
- 0.60‑acre wooded lot with mature tree cover
- Dedicated off‑street parking
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
$33,818
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
6.15%
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%
$676,360
$676.4K
Cap Rate 7%
$483,114
$483.1K
Cap Rate 9%
$375,756
$375.8K
Market Conditions
NOI Build-Up for 6,908 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
$51.4K $7.44/SF
− Vacancy
−$3.1K −$0.45/SF
EGI
$48.3K $6.99/SF
− OpEx
−$14.5K −$2.10/SF
NOI
$33.8K $4.90/SF
Area
Cincinnati, OH
Vacancy
6.00%
Lease Rate
$7.44 /SF/Yr
Expense Ratio
30.00%
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%
$676,360
Cap Rate 7%
$483,114
Cap Rate 9%
$375,756
Alternative Uses
Best Use
Office B
$1.18M
$1.03M – $1.37M
NOI $82,448 @ 7.0% cap · market cap 14.99%
Second Best
Flex RnD
$859.0K
$751.7K – $1.00M
NOI $60,133 @ 7.0% cap · market cap 10.94%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,125 @ 7.0% cap · market cap 17.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
221
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45214, OH
8,901
Population
5,028
Households
1.8
Avg Household Size
32
Median Age
23%
College-Educated
88%
High-School Grad
2.7 sq mi
ZIP Area
3,297
Density / Sq Mi
$26,348
Median Household Income
$27,243
Median Earnings
$762
Median Rent
$102,000
Median Home Value
Market
Vacancy Rate% for Office in Cincinnati, OH
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Brick construction combines office space with light industrial functionality in a dedicated commercial setting.
Where is this flex space located?
The property is located at 2130 Osterfeld St Cincinnati, OH.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 6,908 SF single‑story brick office and light industrial building; 0.60‑acre wooded lot with mature tree cover; Dedicated off‑street parking
