Retail Building Near Cleves
4170 Ohio 128 Cleves, OH 45002
4170 Ohio 128, Cleves, OH, 45002
$490,000
For Sale
$490,000
3,560 SF retail building for sale or lease.
Property Size3,560 SF
Price / SF$137.64
Days on Market239
Property Features for 4170 Ohio 128
General Information
- Standard status
- Active
- Size
- 3,560 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2005
Listing Agency
NAI Bergman
(513) 207-3368
Listed by
Cindy Metz · License #OH #SAL.2003005046
(513) 207-3368
Source
Naiglobal
Added: Nov 21, 2025 Checked: Jul 17 at 7:11 am
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 NAI Bergman
Investment Insights
Based on property information with market context.
This is a 3,560 square foot free-standing retail building situated on 0.343 acres in Cleves, Ohio, near the corner of State Route 128 and River Road. The property is located across from the Cleves Kroger. The building features two overhead doors and can be divided into two spaces of approximately 1,100 and 2,460 square feet. It is equipped with 3-phase, 400 amp electrical service. The property is available for sale or lease at $3,300 per month (gross).
Key Highlights
- High‑Visibility Location: Situated near SR 128 & River Road and across from Cleves Kroger, offering excellent exposure.
- Versatile Space: 3,560 SF free‑standing retail building suitable for sale or lease.
- Divisible Layout: The building can be divided into 1,100 SF and 2,460 SF units, providing flexibility.
Local 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 | $57.7k | $16.20 |
| − Vacancy | −$3.0k | −$0.84 |
| EGI | $54.7k | $15.36 |
| − OpEx | −$16.4k | −$4.61 |
| NOI | $38.3k | $10.75 |
3,560 SF · lease $16.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$546.7K
$478.4K – $637.9K
NOI $38,271 @ 7.0% cap · market cap 7.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$638.2K
$558.5K – $744.6K
NOI $44,677 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - 3,560 SF retail building for sale or lease.
Where is this retail space located?
The property is located at 4170 Ohio 128 Cleves, OH.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: High‑Visibility Location: Situated near SR 128 & River Road and across from Cleves Kroger, offering excellent exposure.; Versatile Space: 3,560 SF free‑standing retail building suitable for sale or lease.; Divisible Layout: The building can be divided into 1,100 SF and 2,460 SF units, providing flexibility.
