AmeriStop Strip Center For
For Sale
Contact for pricing
3385 Springdale Rd, Cincinnati, OH
Retail strip center in excellent condition with renewed tenants.
Property Size7,250 SF
Lot Size1.78 Acres
Price / SF$210.34
Days on Market786
Property Features for 3385 Springdale Rd
General Information
Standard status
Active
Size
7,250 SF
Lot size
1.78 Acres
Property subtype
RETAIL
Listing Agency:
Sudbrack | Kron Commercial Real Estate Services
(513) 382-8717
Listed By:
Chip Sudbrack
(513) 382-8717
Source:
Moodyscre
Added: Jun 11, 2024
Changed: Jul 6
Last Checked: Jul 21 at 4:58AM
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 Sudbrack | Kron Commercial Real Estate Services
Investment Insights
Based on property information with market context.
This property is an AmeriStop strip center located in front of a large apartment complex and across from a newly built nursing home and extended care facility. The property is in excellent shape with no deferred maintenance and features a large parking lot. Current tenants AmeriStop and Papa John's have recently renewed their leases. The property size is 7,250 square feet. This property is being sold as part of a package.
Key Highlights
- AmeriStop and Papa John's: Recently renewed leases ensure stable income.
- High visibility location in front of large apartment complex and across from a newly built nursing home and extended care facility.
- Strip center is in excellent shape with no deferred maintenance.
Financial Insights For Retail
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 | $130.5k | $18.00 |
| − Vacancy | −$11.1k | −$1.53 |
| EGI | $119.4k | $16.47 |
| − OpEx | −$35.8k | −$4.94 |
| NOI | $83.6k | $11.53 |
7,250 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.19M
$1.04M – $1.39M
NOI $83,585 @ 7.0% cap · market cap 5.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,884 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
553
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in Cincinnati, OH
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Retail strip center in excellent condition with renewed tenants.
Where is this strip mall located?
The property is located at 3385 Springdale Rd Cincinnati, OH.
What is the asking price?
The asking price for this property is $1,525,000.
What are key features of this property?
This property features: AmeriStop and Papa John's: Recently renewed leases ensure stable income.; High visibility location in front of large apartment complex and across from a newly built nursing home and extended care facility.; Strip center is in excellent shape with no deferred maintenance.
