Neighborhood Grocery Store with
For Sale
$350,000
2670 Benninghofen Avenue, Hamilton, OH 45015
Commercial Sale, Hamilton, OH
Property Size5,740 SF
Lot Size0.13 Acres
Price / SF$60.98
Days on Market281
Property Features for 2670 Benninghofen Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
On Street
Exterior features
Part Fenced, Sidewalks
Fencing
Fenced
Directions
Please use GPS
Subdivision
Butler-W15
Standard status
Active
APN
P6461-051-000-071
Size
5,740 SF
Lot size
0.13 Acres
Utilities
Heating system
Central
Building Details
Year built
1954
Flooring type
Wood, Vinyl
Building materials
Vinyl Siding
Roof type
Shingle
Listing Agency:
OwnerLand Realty, Inc.
(513) 896-1200
Listed By:
Azhar Hussain
(513) 479-1324
Added: Dec 5, 2025
Changed: Sep 12
Last Checked: Sep 12 at 6:06PM
MLS# 1863735
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 5,740-square-foot commercial property occupies a 0.1286-acre corner lot and was built in 1954. The former neighborhood grocery store includes a full operational kitchen, coolers, grocery racks, a cash register, and other fixtures included with the sale. The building has vinyl siding, vinyl and wood flooring, central heating, a shingle roof, fencing, sidewalks, and on-street parking.
An upstairs apartment has been fully renovated and is occupied by a tenant. The property is located in Hamilton, Ohio, at 2670 Benninghofen Avenue, within a neighborhood setting described as having limited competition.
An upstairs apartment has been fully renovated and is occupied by a tenant. The property is located in Hamilton, Ohio, at 2670 Benninghofen Avenue, within a neighborhood setting described as having limited competition.
Key Highlights
- 5,740 SF commercial property on a 0.1286‑acre lot
- Full operational kitchen included with the sale
- Coolers, grocery racks, cash register, and other fixtures included
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
$24,370
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
6.96%
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%
$487,400
$487.4K
Cap Rate 7%
$348,143
$348.1K
Cap Rate 9%
$270,778
$270.8K
Market Conditions
NOI Build-Up for 5,740 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
$37.2K $6.48/SF
− Vacancy
−$2.4K −$0.41/SF
EGI
$34.8K $6.07/SF
− OpEx
−$10.4K −$1.82/SF
NOI
$24.4K $4.25/SF
Area
Butler County, OH
Vacancy
6.40%
Lease Rate
$6.48 /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%
$487,400
Cap Rate 7%
$348,143
Cap Rate 9%
$270,778
Alternative Uses
Best Use
Specialty Retail
$863.5K
$755.5K – $1.01M
NOI $60,442 @ 7.0% cap · market cap 17.27%
Second Best
Industrial
$515.8K
$451.3K – $601.7K
NOI $36,104 @ 7.0% cap · market cap 10.32%
Theoretical Best
Office A
$1.13M
$993.1K – $1.32M
NOI $79,444 @ 7.0% cap · market cap 22.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
380
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45015, OH
12,103
Population
5,146
Households
2.4
Avg Household Size
37
Median Age
11%
College-Educated
87%
High-School Grad
5.6 sq mi
ZIP Area
2,161
Density / Sq Mi
$45,543
Median Household Income
$37,660
Median Earnings
$1,041
Median Rent
$116,600
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
Questions? Ask Rey
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Corner commercial property with a full kitchen, included store fixtures, and a renovated upstairs apartment.
Where is this grocery and convenience store located?
The property is located at 2670 Benninghofen Avenue Hamilton, OH.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 5,740 SF commercial property on a 0.1286‑acre lot; Full operational kitchen included with the sale; Coolers, grocery racks, cash register, and other fixtures included
