Retail Space with Loading
For Sale
Contact for pricing
3847 Race Rd, Cincinnati, OH 45211
Commercial retail space with front and rear parking, plus convenient side loading access.
Property Size2,400 SF
Days on Market54
Property Features for 3847 Race Rd
General Information
Standard status
Active
Size
2,400 SF
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$2,391
Amenities
Loading dock
garage door
Listing Agency:
Coldwell Banker Realty
(513) 922-9400
Listed By:
Lisa McCarthy
(513) 256-2629
Source:
Exprealty
Added: Sep 8
Changed: Oct 25
Last Checked: Oct 30 at 7:40PM
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
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Investment Insights
Based on property information with market context.
This 2,400-square-foot retail space offers a practical layout for commercial occupancy along Race Road. The property includes parking at both the front and rear of the building, supporting customer and operational access.
A side loading dock with a garage door provides direct access for deliveries and move-in activity. The site is reported to receive more than 20,000 vehicles per day, providing substantial daily exposure. Located at 3847 Race Rd in Cincinnati, Ohio.
A side loading dock with a garage door provides direct access for deliveries and move-in activity. The site is reported to receive more than 20,000 vehicles per day, providing substantial daily exposure. Located at 3847 Race Rd in Cincinnati, Ohio.
Key Highlights
- 2,400 square feet of retail space
- More than 20,000 vehicles pass daily on Race Road
- Parking available at the front and rear of the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,636
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,720
$492.7K
Cap Rate 7%
$351,943
$351.9K
Cap Rate 9%
$273,733
$273.7K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$37.4K $15.60/SF
− Vacancy
−$2.2K −$0.94/SF
EGI
$35.2K $14.66/SF
− OpEx
−$10.6K −$4.40/SF
NOI
$24.6K $10.26/SF
Area
ZIP 45211
Vacancy
6.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,720
Cap Rate 7%
$351,943
Cap Rate 9%
$273,733
Alternative Uses
Best Use
Retail
$351.9K
$308.0K – $410.6K
NOI $24,636 @ 7.0% cap · market cap 2,463,600.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$477.1K
$417.5K – $556.6K
NOI $33,396 @ 7.0% cap · market cap 3,339,600.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
639
Businesses Nearby
Explore this area
Business Placement
Demographics for 45211, OH
37,868
Population
17,169
Households
2.2
Avg Household Size
37
Median Age
29%
College-Educated
89%
High-School Grad
9.0 sq mi
ZIP Area
4,208
Density / Sq Mi
$54,582
Median Household Income
$39,788
Median Earnings
$915
Median Rent
$156,600
Median Home Value
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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?
Retail space - Commercial retail space with front and rear parking, plus convenient side loading access.
Where is this retail space located?
The property is located at 3847 Race Rd Cincinnati, OH.
What are key features of this property?
This property features: 2,400 square feet of retail space; More than 20,000 vehicles pass daily on Race Road; Parking available at the front and rear of the building
