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    Turn-of-the-Century Office Building Title is generated by Realmo AI

    3510 Glenmore Avenue, Cheviot, OH 45211

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    New
    For Sale
    $499,000

    SINGLE_FAMILY - Cheviot, OH

    Type:Office
    Property size:
    3,013 SF
    Lot size:
    0.51 Acres
    Price / SF:
    $165/SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 9:06 am

    Property Features for 3510 Glenmore Avenue

    General Information

    Property type
    Residential
    Property subtype
    Office
    Interior features
    Smoke Detector
    Exterior features
    Sidewalks
    Standard status
    Active
    APN
    551-0010-0102-00
    Size
    3,013 SF
    Lot size
    0.51 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1900
    Flooring type
    Carpet
    Building materials
    Brick
    Roof type
    Shingle

    We can help!

    Listing Contact
    Paul Klug

    Listing agent Paul Klug

    Listing office Plum Tree Realty 9078 Union Centre Blvd Ste 350, West Chester, OH

    Listing date Jun 2, 2026

    MLS# 1881515

    Copyright © 2026 MLS of Greater Cincinnati, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Turn‑of‑the‑century brick office building built in 1900
    • Half‑acre lot with off‑street parking for 18 spaces
    • First floor includes reception area, waiting room, three offices, kitchenette, and half bath
    • Second floor offers four large offices and two half baths
    • Full basement and attic provide additional storage space
    • Forced‑air heating, shingle roof, carpet flooring; includes smoke detectors

    Overview

    A stately turn-of-the-century brick office building offering a practical, multi-tenant ready layout across two floors. The first floor features a reception area, waiting room, three offices, a kitchenette, and a half bath. The second floor includes four large offices and two half baths. Additional storage is available in a full basement and attic, supporting long-term operational needs. With a half-acre lot, the property also provides off-street parking for 18 vehicles.

    Located in Cheviot on Glenmore Avenue, the building sits on a generous parcel designed to support day-to-day client visits and staff parking. The ample lot size helps reduce reliance on street parking and enhances overall accessibility for office users.

    Previously used for medical, professional, and legal offices, the configuration works well for similar tenant types seeking dedicated private offices and clear front-of-house space. The mix of reception and waiting areas, multiple office rooms per level, and substantial storage makes this property a strong fit for owner-occupiers or investors looking for an established office building that can accommodate a range of professional uses.

    Local Financial Insights For Healthcare Medical

    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 $65.1k $21.60
    − Vacancy −$5.2k −$1.73
    EGI $59.9k $19.87
    − OpEx −$23.9k −$7.95
    NOI $35.9k $11.92
    3,013 SF · lease $21.60/SF/yr · vacancy 8.00% · expense 40.00%

    Alternative Uses

    Best Use
    Healthcare Medical
    $513.2K
    $449.1K – $598.8K (±1% cap)
    NOI $35,925 @ 7.0% cap · market cap 7.20%
    Second Best
    Office B
    $510.4K
    $446.6K – $595.5K (±1% cap)
    NOI $35,727 @ 7.0% cap · market cap 7.16%
    Theoretical Best
    Office A
    $598.9K
    $524.1K – $698.8K (±1% cap)
    NOI $41,926 @ 7.0% cap · market cap 8.40%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cheviot
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.5998
    Latitude
    39.1585

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    FAQs

    What type of property is this?
    Office building - Brick office building with abundant natural light, multi-office layout, and 18 off-street parking spaces.
    Where is this office building located?
    The property is located at 3510 Glenmore Avenue Cheviot, OH.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: Turn‑of‑the‑century brick office building built in 1900; Half‑acre lot with off‑street parking for 18 spaces; First floor includes reception area, waiting room, three offices, kitchenette, and half bath
    (513) 378-4663
    We can help!
    Listing Contact
    Paul Klug
    Request Owner's contact information
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    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
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