Mixed-Use Property with Truck
For Sale
$2,649,900
2612 Gilbert Avenue, Cincinnati, OH 45206
Commercial Sale, Cincinnati, OH
Property Size19,000 SF
Lot Size1.04 Acres
Price / SF$139.47
Days on Market63
Property Features for 2612 Gilbert Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Parking features
On Street
Interior features
Truck Dock
Exterior features
Sidewalks
Directions
North on Gilbert to property
Subdivision
Hamilton-E01
Standard status
Active
APN
067-0003-0088-00
Lot size
1.04 Acres
Utilities
Heating system
Central
Building Details
Year built
1970
Flooring type
Tile, Carpet
Building materials
Brick
Roof type
Tar/Gravel
Listing Agency:
Plum Tree Realty
(513) 443-5060
Listed By:
Ali Abdur-Rahman · License #2004006274
(513) 378-4663
Added: Aug 10
Changed: Oct 7
Last Checked: Oct 11 at 1:06AM
MLS# 1889986
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 19,000-square-foot office and warehouse property includes a truck dock and a 1.037-acre lot. The 1970-built structure has brick construction, tile and carpet flooring, and central heating. On-street parking is available, and sidewalks are among the exterior features.
City Limits Laundromat occupies 7,500 square feet under a five-year triple-net lease. The property is in Cincinnati’s Walnut Hills shopping district.
City Limits Laundromat occupies 7,500 square feet under a five-year triple-net lease. The property is in Cincinnati’s Walnut Hills shopping district.
Key Highlights
- 19,000 square feet of office and warehouse space
- 1.037‑acre lot
- City Limits Laundromat occupies 7,500 square feet under a five‑year triple‑net lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$230,850
Cap Rate
8.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,617,000
$4.6M
Cap Rate 7%
$3,297,857
$3.3M
Cap Rate 9%
$2,565,000
$2.6M
Market Conditions
NOI Build-Up for 19,000 SF
Gross rent
$410.4K $21.60/SF
− Vacancy
−$41.0K −$2.16/SF
EGI
$369.4K $19.44/SF
− OpEx
−$138.5K −$7.29/SF
NOI
$230.9K $12.15/SF
Area
Cincinnati, OH
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,617,000
Cap Rate 7%
$3,297,857
Cap Rate 9%
$2,565,000
Alternative Uses
Best Use
Mixed Use
$3.30M
$2.89M – $3.85M
NOI $230,850 @ 7.0% cap · market cap 8.71%
Second Best
Office B
$3.24M
$2.83M – $3.78M
NOI $226,767 @ 7.0% cap · market cap 8.56%
Theoretical Best
Office A
$3.78M
$3.30M – $4.41M
NOI $264,385 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,497
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Cincinnati, OH
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Office and warehouse space includes a portion occupied by a laundromat under a triple-net lease.
Where is this mixed-use property located?
The property is located at 2612 Gilbert Avenue Cincinnati, OH.
What is the asking price?
The asking price for this property is $2,649,900.
What are key features of this property?
This property features: 19,000 square feet of office and warehouse space; 1.037‑acre lot; City Limits Laundromat occupies 7,500 square feet under a five‑year triple‑net lease
