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 Market877
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) 271-2460
Listed By:
Chip Sudbrack
(513) 382-8717
Source:
Moodyscre
Added: Jun 11, 2024
Changed: Nov 2
Last Checked: Nov 3 at 7:55AM
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
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 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
Estimated NOI and Cap Rate
NOI / Yr
$83,585
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,671,700
$1.7M
Cap Rate 7%
$1,194,071
$1.2M
Cap Rate 9%
$928,722
$928.7K
Market Conditions
NOI Build-Up for 7,250 SF
Gross rent
$130.5K $18.00/SF
− Vacancy
−$11.1K −$1.53/SF
EGI
$119.4K $16.47/SF
− OpEx
−$35.8K −$4.94/SF
NOI
$83.6K $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%
$1,671,700
Cap Rate 7%
$1,194,071
Cap Rate 9%
$928,722
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
553
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Cincinnati, OH
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.
