Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2925 Vernon Pl Cincinnati, OH

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Custom medical/office space with free on-site parking available for lease.

    Type:OFFICE
    Property size:
    5,072 SF
    Lot size:
    0.60 Acres
    Added:
    Sep 15, 2019
    Days on Market:
    2420
    Last Refresh:
    Apr 5 at 10:19 pm

    Property Features for 2925 Vernon Pl

    General Information

    Standard status
    Active
    Size
    5,072 SF
    Lot size
    0.60 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 2925 Vernon Pl Contact us

    We can help!

    Listing Contact
    Rusty Myers
    Rusty Myers

    Listing agent Rusty Myers

    Listing office JLL | Cincinnati

    Listing date Sep 15, 2019

    Source Moodyscre

    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 JLL | Cincinnati

    Overview

    Medical/Office Space Near UC Medical

    This 5,072-square-foot space is available for lease, with a minimum divisible area of 4,000 square feet. The property is suitable for medical or office use. It is located across from the UC Medical Center, Shriner’s Hospital for Children, and Cincinnati Children’s Hospital and Medical Center. The location provides immediate access to the new I-71/Martin Luther King interchange. Free on-site parking is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Consultants For Clinical Research Medical Clinic Ulcerative Colitis Study ... Medical Clinic Michael Kreines, MD, ... Physician Tri-State Endoscopy Center Medical Clinic Matthew Atkinson, MD Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Clermont
    State
    Ohio
    Longitude
    -84.5002
    Latitude
    39.133

    Nearby Similar for Lease

    • Contact for pricing

      Cincinnati Office/Medical Suites for Lease

      Three suites available in well-located Cincinnati office/medical building.
      9563 Montgomery Road, Cincinnati, OH 45242
      View Details
    • Contact for pricing

      Versatile Flex Space Available

      Adaptable office, warehouse, and showroom space for lease.
      3737 Round Bottom Road, Cincinnati, OH 45244
      View Details
    • Contact for pricing

      New Dollar General Investment Property

      New Dollar General in Cincinnati, OH with long-term NNN lease.
      635 Old State Rte 74, Anderson (Cincinnati), OH 45244
      View Details
    • Contact for pricing

      Kemper Meadow Office Park Space

      Class 'B' office space near I-275 and I-75.
      1251, 1253 and 1255 Kemper Meadow Drive, Cincinnati, OH 45240
      View Details
    • $26 SF/Yr

      Prime Commercial Space in Pendleton

      Adaptable commercial space in Cincinnati's vibrant Pendleton District.
      331 E 13th Street, Cincinnati, OH 45202
      View Details
    • $12 SF/Yr

      Medical Office Space on Montgomery

      Well-maintained medical office building with plumbed exam rooms and ample parking.
      11907 Montgomery Rd, Cincinnati, OH 45249
      View Details
    • $1,162/Mo

      Springdale Office Space For Rent

      Office space in Springdale with great highway access and parking.
      155 Tri County Pkwy, Cincinnati, OH 45246
      View Details
    • Contact for pricing

      OH, Cincinnati - Chester Rd

      11260 Chester Rd, Unit 7TH, Cincinnati, OH 45246
      View Details
    • Contact for pricing

      Freestanding Building on Montgomery Road

      Single-tenant building suitable for retail, service, medical, or office.
      9823 Montgomery Rd, Cincinnati, OH 45242
      View Details
    • Contact for pricing

      Spaces Over The Rhine

      1435 Vine St, Cincinnati, OH 45202
      View Details
    • Contact for pricing

      OH, Cincinnati - Kemper Meadow Dr

      1255 Kemper Meadow Dr, Cincinnati, OH 45240
      View Details
    • Sponsored
      Contact for pricing

      OH, Cincinnati - Montana Ave

      2300 Montana Ave, Unit 5TH, Cincinnati, OH 45211
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Custom medical/office space with free on-site parking available for lease.
    Where is this medical office space located?
    The property is located at 2925 Vernon Pl Cincinnati, OH.
    What are key features of this property?
    This property features: Located across from UC Medical Center, Shriner’s Hospital for Children, and Cincinnati Children’s Hospital and Medical Center.; Immediate access to the new I‑71/Martin Luther King interchange.; Enjoy free on‑site parking.
    (513) 241-4600 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Rusty Myers
    Rusty Myers
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!