Remodeled Office
For Sale
$235,000
4729 Cornell Road #3A, Blue Ash, OH 45241
Its adaptable plan accommodates private offices, meeting space, reception, and administrative functions.
Property Size1,760 SF
Price / SF$133.52
Days on Market113
Property Features for 4729 Cornell Road #3A
General Information
Standard status
Active
Size
1,760 SF
Property subtype
Commercial
Zoning
Office, Business
Additional Details
Condition
Move-in Ready
Highway Access
Yes
Property Use
Office
Building Details
Year Built
1982
Year Renovated
2019
Listing Agency:
Sibcy Cline, Inc.
(513) 793-2121
Listed By:
Kristie Morris · License #2021000401
(513) 375-5453
Source:
Galbraithrealtors
Added: Jul 7
Changed: Oct 25
Last Checked: Oct 26 at 3:56AM
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 Sibcy Cline, Inc.
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Investment Insights
Based on property information with market context.
This 1,760-square-foot office condominium at 4729 Cornell Road #3A has a flexible interior that can accommodate private offices, meeting space, reception, and administrative areas. The space was remodeled in 2019, with updated finishes, newer HVAC/AC, and improved insulation. The building dates to 1982, and the property is zoned Office, Business.
The office is in Blue Ash, with access to major highways, shopping, dining, and the surrounding business community.
The office is in Blue Ash, with access to major highways, shopping, dining, and the surrounding business community.
Key Highlights
- 1,760 SF office condominium
- Remodeled in 2019 with updated finishes
- Newer HVAC/AC and improved insulation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,565
Cap Rate
7.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,300
$331.3K
Cap Rate 7%
$236,643
$236.6K
Cap Rate 9%
$184,056
$184.1K
Market Conditions
NOI Build-Up for 1,760 SF
Gross rent
$29.6K $16.80/SF
− Vacancy
−$7.5K −$4.25/SF
EGI
$22.1K $12.55/SF
− OpEx
−$5.5K −$3.14/SF
NOI
$16.6K $9.41/SF
Area
Hamilton County, OH
Vacancy
25.30%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,300
Cap Rate 7%
$236,643
Cap Rate 9%
$184,056
Alternative Uses
Best Use
Office B
$236.6K
$207.1K – $276.1K
NOI $16,565 @ 7.0% cap · market cap 7.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$315.5K
$276.1K – $368.1K
NOI $22,087 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,511
Businesses Nearby
Explore this area
Business Placement
Demographics for 45241, OH
24,380
Population
11,131
Households
2.2
Avg Household Size
44
Median Age
48%
College-Educated
95%
High-School Grad
17.5 sq mi
ZIP Area
1,393
Density / Sq Mi
$94,943
Median Household Income
$60,857
Median Earnings
$1,137
Median Rent
$292,000
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Its adaptable plan accommodates private offices, meeting space, reception, and administrative functions.
Where is this office unit located?
The property is located at 4729 Cornell Road #3A Blue Ash, OH.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 1,760 SF office condominium; Remodeled in 2019 with updated finishes; Newer HVAC/AC and improved insulation
