AutoZone Automotive
For Sale
Contact for pricing
4548 Eastgate Boulevard, Cincinnati, OH 45245
Located on Eastgate Boulevard in Cincinnati, Ohio, the property is identified with the AutoZone name.
Property Size42,123 SF
Price / SF$183.98
Days on Market14
Property Features for 4548 Eastgate Boulevard
General Information
Standard status
Active
Size
42,123 SF
Property subtype
Retail
Occupancy
100%
Investment Type
Net Lease
Net Operating Income
$484,415
Building Details
Year Renovated
2026
Tenancy
Single
Listing Agency:
Matthews
(404) 868-4892
Listed By:
Kyle Stonis · License #FL SL3210522
Source:
Crexi
Added: Aug 18
Changed: Aug 31
Last Checked: Aug 31 at 9:39AM
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 Matthews
Investment Insights
Based on property information with market context.
This automotive property is identified as an AutoZone asset and has a reported property size of 42,123. The offering is located at 4548 Eastgate Boulevard in Cincinnati, Ohio 45245.
Key Highlights
- AutoZone‑named automotive property
- 42,123 reported property size
- 4548 Eastgate Boulevard address
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$485,636
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$9,712,720
$9.7M
Cap Rate 7%
$6,937,657
$6.9M
Cap Rate 9%
$5,395,956
$5.4M
Market Conditions
NOI Build-Up for 42,123 SF
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.
Gross rent
$758.2K $18.00/SF
− Vacancy
−$64.4K −$1.53/SF
EGI
$693.8K $16.47/SF
− OpEx
−$208.1K −$4.94/SF
NOI
$485.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$9,712,720
Cap Rate 7%
$6,937,657
Cap Rate 9%
$5,395,956
Alternative Uses
Best Use
Retail
$6.94M
$6.07M – $8.09M
NOI $485,636 @ 7.0% cap · market cap 6.27%
Second Best
Industrial
$2.95M
$2.58M – $3.44M
NOI $206,214 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$8.37M
$7.33M – $9.77M
NOI $586,142 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,026
Businesses Nearby
161k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 40%
Groceries 36%
Shops & Services 21%
Office Supplies 3%
Kroger
Groceries
58,447 visits/mo
0.1 miles
Marshalls
Apparel
43,062 visits/mo
0.2 miles
Dollar Tree
Shops & Services
28,585 visits/mo
0.1 miles
Ross Dress for Less
Apparel
20,904 visits/mo
0.1 miles
OfficeMax
Office Supplies
5,106 visits/mo
0.2 miles
Demographics for 45245, OH
20,249
Population
8,897
Households
2.3
Avg Household Size
43
Median Age
30%
College-Educated
92%
High-School Grad
15.8 sq mi
ZIP Area
1,282
Density / Sq Mi
$73,135
Median Household Income
$48,351
Median Earnings
$1,123
Median Rent
$259,500
Median Home Value
Market
Vacancy Rate% for Retail in Cincinnati, OH
Questions? Ask Rey
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Similar Off Market Nearby
- Enterprise Rent-A-Car — 4394 Eastgate Square Dr #1700, Cincinnati, OH 45245
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Frequently Asked Questions
What type of property is this?
Automotive property - Located on Eastgate Boulevard in Cincinnati, Ohio, the property is identified with the AutoZone name.
Where is this automotive property located?
The property is located at 4548 Eastgate Boulevard Cincinnati, OH.
What is the asking price?
The asking price for this property is $7,750,000.
What are key features of this property?
This property features: AutoZone‑named automotive property; 42,123 reported property size; 4548 Eastgate Boulevard address
