Building Details

Year Built 1975

Year Renovated 2009

Listing Agency: Sibcy Cline

Listed By: Nat Comisar · License #OH SAL.2006000748 Show Phone

Source: Crexi

Added: Apr 2 Changed: Oct 7 Last Checked: Oct 20 at 9:27PM

Report an Issue

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 Sibcy Cline

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 5,700 sf retail/warehouse building is currently configured as office and workshop space, with three bathrooms plus a shower. The building is free span, giving flexibility to reconfigure the interior to fit a range of light industrial, service, or storage needs. Key building systems and major components were updated in 2009, including three HVAC units and the roof. The property also includes 3-phase electric, supporting a wide range of operational requirements.

The site includes a 1/4-acre parking lot, providing on-site parking for customers, employees, or service activity. The property is located in the heart of Walnut Hills, within Cincinnati, OH 45206.

The current office-and-workshop configuration can accommodate established service uses such as a framing shop, while the free-span layout and three-phase power make the building practical for tenants looking to adapt the space. With multiple restrooms and on-site parking, the property supports day-to-day operations for small teams and customer-facing workflows.

Key Highlights

• 5,700 SF free‑span retail/warehouse building, currently configured as office & workshop
• 1/4‑acre parking lot on site
• 3‑phase electric service

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$49,617

Cap Rate

7.35%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$992,340 $992.3K

Cap Rate 7%

$708,814 $708.8K

Cap Rate 9%

$551,300 $551.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,700 SF

Gross rent

$82.1K $14.40/SF

− Vacancy

−$5.7K −$1.01/SF

EGI

$76.3K $13.39/SF

− OpEx

−$26.7K −$4.69/SF

NOI

$49.6K $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%

$992,340

Cap Rate 7%

$708,814

Cap Rate 9%

$551,300

Alternative Uses

Best Use

Flex RnD

$708.8K

$620.2K – $827.0K (±1% cap)

NOI $49,617 @ 7.0% cap · market cap 7.35%

Second Best

Warehouse

$476.3K

$416.8K – $555.7K (±1% cap)

NOI $33,343 @ 7.0% cap · market cap 4.94%

Theoretical Best

Office A

$1.13M

$991.5K – $1.32M (±1% cap)

NOI $79,316 @ 7.0% cap · market cap 11.75%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Computer & Electronic Repair Locksmith Bakery Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,540

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 45206, OH

10,670

Population

7,191

Households

1.5

Avg Household Size

37

Median Age

49%

College-Educated

87%

High-School Grad

2.0 sq mi

ZIP Area

5,335

Density / Sq Mi

$51,128

Median Household Income

$44,936

Median Earnings

$849

Median Rent

$269,900

Median Home Value

Market

Vacancy Rate% for Industrial in Cincinnati, OH

4.2% 2019

5% 2020

4.1% 2021

1.7% 2022

5.1% 2023

5.6% 2024

6.2% 2025

Similar For Sale Nearby

See more

Fenced Yard Flex Space

126 Wilmer Avenue, Cincinnati, OH 45226

$1,000,000

5,114 SF

View details

Brick Flex Building with Loading Dock

1620 Hoffner Street, Cincinnati, OH 45223

$529,000

4,512 SF

View details

Industrial Flex Property with Office Space

1225 Streng St, Cincinnati, OH 45223

$495,000

7,150 SF

View details

Open Warehouse with Office Space

434 McGregor Ave, Cincinnati, OH 45206

$600,000

9,000 SF

View details

Updated Flex Warehouse and Office

1243 Tennessee Ave, Cincinnati, OH 45229

$899,000

8,700 SF

View details

Climate-Controlled Flex Building

4117 Bridgetown Rd, Cincinnati, OH 45211

$875,000

9,000 SF

View details

Office-Flex Building with Drive-In

8830 Reading Road, Cincinnati, OH 45215

$425,000

View details

Warehouse Property

5170-5174 Wooster Pike, Cincinnati, OH 45226

$625,000

12,000 SF

View details

Two-Story Flex Warehouse

Cincinnati, OH 45215

$995,000

12,000 SF

View details

Industrial Flex Building with Multiple Doors

4676 Paddock Rd, Cincinnati, OH 45229

$1,200,000

View details

Flex Space with Crane System

5095 Crookshank Road, Cincinnati, OH 45238

$1,200,000

0.79 Acres

View details

Boat and RV Self-Storage Facility

4255 Kellogg Avenue, Cincinnati, OH 45226

$825,000

0.61 Acres

View details

Frequently Asked Questions

What type of property is this?

Flex space - Flex office and workshop layout in a free-span building with 1/4-acre parking and three-phase power.

Where is this flex space located?

The property is located at 2373 Kemper Lane Cincinnati, OH.

What is the asking price?

The asking price for this property is $675,000.

What are key features of this property?

This property features: 5,700 SF free‑span retail/warehouse building, currently configured as office & workshop; 1/4‑acre parking lot on site; 3‑phase electric service