Fully Leased Office
For Sale
Contact for pricing
3012 Glenmore Ave, Cincinnati, OH 45238
An office building with 14 tenants and staggered lease expirations, featuring recently updated suites and on-site management.
Property Size16,500 SF
Price / SF$136.36
Days on Market300
Property Features for 3012 Glenmore Ave
General Information
Standard status
Active
Size
16,500 SF
Property subtype
OFFICE
Occupancy
100%
Building Details
Tenancy
Multi
Owner Occupied
Yes
Listing Agency:
Coldwell Banker Realty | Ohio Indiana West Regional
(513) 460-5302
Listed By:
Tom Deutsch, Jr.
(513) 460-5302
Source:
Moodyscre
Added: Oct 10, 2025
Changed: Jul 31
Last Checked: Aug 5 at 1:27PM
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 Coldwell Banker Realty | Ohio Indiana West Regional
Investment Insights
Based on property information with market context.
This office building is fully leased with a diverse roster of 14 tenants and staggered lease expirations. The owner also occupies the property and provides on-site management, with 22 years of management experience. Many suites have been recently updated, supporting a tenant-ready environment.
Located at 3012 Glenmore Ave in Cincinnati, Ohio, the property’s established tenancy and consistent occupancy track record are supported by the owner’s long-term involvement.
The building’s current configuration includes multiple leased suites under a staggered expiration schedule, which can help provide continuity in cash flow timing while tenants remain in place. For investors and owner-users, the combination of on-site management and recently updated suites offers a practical approach to managing an income-producing office asset.
Located at 3012 Glenmore Ave in Cincinnati, Ohio, the property’s established tenancy and consistent occupancy track record are supported by the owner’s long-term involvement.
The building’s current configuration includes multiple leased suites under a staggered expiration schedule, which can help provide continuity in cash flow timing while tenants remain in place. For investors and owner-users, the combination of on-site management and recently updated suites offers a practical approach to managing an income-producing office asset.
Key Highlights
- 16,500 SF office building
- Fully leased with 14 tenants
- Staggered lease expirations
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $340.6k | $20.64 |
| − Vacancy | −$78.0k | −$4.73 |
| EGI | $262.6k | $15.91 |
| − OpEx | −$65.6k | −$3.98 |
| NOI | $196.9k | $11.94 |
16,500 SF · lease $20.64/SF/yr · vacancy 22.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.81M
$2.46M – $3.28M
NOI $196,929 @ 7.0% cap · market cap 8.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.67M
$3.21M – $4.28M
NOI $256,994 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
962
Businesses Nearby
Explore this area
Business Placement
Demographics for 45238, OH
46,864
Population
21,834
Households
2.1
Avg Household Size
37
Median Age
27%
College-Educated
91%
High-School Grad
10.3 sq mi
ZIP Area
4,550
Density / Sq Mi
$64,672
Median Household Income
$40,043
Median Earnings
$913
Median Rent
$168,800
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?
Office building - An office building with 14 tenants and staggered lease expirations, featuring recently updated suites and on-site management.
Where is this office building located?
The property is located at 3012 Glenmore Ave Cincinnati, OH.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 16,500 SF office building; Fully leased with 14 tenants; Staggered lease expirations
