Multi-Tenant Retail
3248-3288 HIGHLAND AVE, Cincinnati, OH 45213
For Sale
Contact for pricing
Ten retail occupants and nearby Lowe’s Home Improvement anchor the center’s service-oriented tenant mix.
Property Size26,517 SF
Price / SF$160.65
Days on Market28
Property Features for 3248-3288 HIGHLAND AVE
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Anchor Co-Tenants
Additional Details
Tenant in Place
Building Details
Tenancy
Listing Agency:
CURO | BRKG
Listed By:
Josh Niederhelman · License KY #206691
(513) 999-2876
Source:
Crexi
Added: Oct 13
Changed: Nov 8
Last Checked: Nov 8 at 5:47PM
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 CURO | BRKG
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 26,517-square-foot shopping center is 91% leased across 10 tenants, including Lyft, Inc., the U.S. Army, Affordable Care, Fastsigns, Mr. Crab, Cloud 9 Cabinetry, VIP Smoke, Lee Nails, Extremely Blessed Salon, and Total Healthcare Options. Lowe’s Home Improvement serves as a shadow anchor. The roster spans national, regional, and local businesses, with a range of service-oriented offerings.
The property occupies the signalized intersection of Highland Avenue and Ridge Avenue on Cincinnati’s east side. Interstate 71 is one mile away, with reported traffic of 151,464 ADT; the Norwood Lateral (OH-562) is 1.4 miles away. The center is positioned among Pleasant Ridge, Norwood, Kennedy Heights, and Madisonville, within a five-mile trade area of 248,768 residents. Nearby employment includes headquarters for Kroger, Procter & Gamble, and Fifth Third Bancorp.
The property occupies the signalized intersection of Highland Avenue and Ridge Avenue on Cincinnati’s east side. Interstate 71 is one mile away, with reported traffic of 151,464 ADT; the Norwood Lateral (OH-562) is 1.4 miles away. The center is positioned among Pleasant Ridge, Norwood, Kennedy Heights, and Madisonville, within a five-mile trade area of 248,768 residents. Nearby employment includes headquarters for Kroger, Procter & Gamble, and Fifth Third Bancorp.
Key Highlights
- 26,517‑square‑foot retail center with 10 tenants; 91% leased
- Shadow‑anchored by Lowe’s Home Improvement
- Signalized intersection of Highland Avenue and Ridge Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$305,714
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,114,280
$6.1M
Cap Rate 7%
$4,367,343
$4.4M
Cap Rate 9%
$3,396,822
$3.4M
Market Conditions
NOI Build-Up for 26,517 SF
Gross rent
$477.3K $18.00/SF
− Vacancy
−$40.6K −$1.53/SF
EGI
$436.7K $16.47/SF
− OpEx
−$131.0K −$4.94/SF
NOI
$305.7K $11.53/SF
Area
Cincinnati, OH
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,114,280
Cap Rate 7%
$4,367,343
Cap Rate 9%
$3,396,822
Alternative Uses
Best Use
Retail
$4.37M
$3.82M – $5.10M
NOI $305,714 @ 7.0% cap · market cap 7.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.27M
$4.61M – $6.15M
NOI $368,984 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
91%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
587
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45213, OH
12,052
Population
5,844
Households
2.1
Avg Household Size
38
Median Age
55%
College-Educated
94%
High-School Grad
3.1 sq mi
ZIP Area
3,888
Density / Sq Mi
$70,897
Median Household Income
$54,650
Median Earnings
$929
Median Rent
$259,300
Median Home Value
Market
Vacancy Rate% for Retail in Cincinnati, OH
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Frequently Asked Questions
What type of property is this?
Shopping center - Ten retail occupants and nearby Lowe’s Home Improvement anchor the center’s service-oriented tenant mix.
Where is this shopping center located?
The property is located at 3248-3288 HIGHLAND AVE Cincinnati, OH.
What is the asking price?
The asking price for this property is $4,260,000.
What are key features of this property?
This property features: 26,517‑square‑foot retail center with 10 tenants; 91% leased; Shadow‑anchored by Lowe’s Home Improvement; Signalized intersection of Highland Avenue and Ridge Avenue
