First-Floor End Unit Office
4759 Cornell Rd, Blue Ash, OH 45241
For Sale
$225,000
First-floor end unit with multiple private offices, break room, storage, and two restrooms within an office condo development.
Property Size1,814 SF
Price / SF$124.04
Days on Market179
Property Features for 4759 Cornell Rd
General Information
Standard status
Size
Taxes and HOA fees
Annual Taxes
Listing Agency:
Keller Williams Seven Hills Re
(513) 371-5070
Listed By:
Joshua J Honken
(513) 657-8256
Source:
Exprealty
Added: May 13
Changed: Nov 6
Last Checked: Nov 6 at 9:43AM
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 Keller Williams Seven Hills Re
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Investment Insights
Based on property information with market context.
This first-floor office condo is offered as an end unit and includes a front entry and a functional layout designed for professional use. The space features multiple private office areas, a spacious kitchen/break room, ample storage, and two restrooms to support everyday operations.
Located within the Perspectivas Park Commercial development, the property offers convenient on-site parking. Access is described as easy, with the location noted as just minutes from the highway.
For buyers seeking an office condominium with established interior improvements, this unit’s combination of private offices, break room, and two restrooms can support a range of business formats. Ownership also includes the added benefit of the condo association replacing the roof, providing long-term peace of mind. The end unit configuration and front entry further support client-facing arrival and straightforward day-to-day use.
Located within the Perspectivas Park Commercial development, the property offers convenient on-site parking. Access is described as easy, with the location noted as just minutes from the highway.
For buyers seeking an office condominium with established interior improvements, this unit’s combination of private offices, break room, and two restrooms can support a range of business formats. Ownership also includes the added benefit of the condo association replacing the roof, providing long-term peace of mind. The end unit configuration and front entry further support client-facing arrival and straightforward day-to-day use.
Key Highlights
- First‑floor end unit office condo with 1,814 sq ft of commercial space in Perspectivas Park Commercial development
- Multiple private office spaces plus a spacious kitchen/break room and ample storage
- Two restrooms within the unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,074
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,480
$341.5K
Cap Rate 7%
$243,914
$243.9K
Cap Rate 9%
$189,711
$189.7K
Market Conditions
NOI Build-Up for 1,814 SF
Gross rent
$30.5K $16.80/SF
− Vacancy
−$7.7K −$4.25/SF
EGI
$22.8K $12.55/SF
− OpEx
−$5.7K −$3.14/SF
NOI
$17.1K $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%
$341,480
Cap Rate 7%
$243,914
Cap Rate 9%
$189,711
Alternative Uses
Best Use
Office B
$243.9K
$213.4K – $284.6K
NOI $17,074 @ 7.0% cap · market cap 7.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$325.2K
$284.6K – $379.4K
NOI $22,765 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,511
Businesses Nearby
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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
Properties on Market for Office Units in Hamilton County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - First-floor end unit with multiple private offices, break room, storage, and two restrooms within an office condo development.
Where is this office unit located?
The property is located at 4759 Cornell Rd Blue Ash, OH.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: First‑floor end unit office condo with 1,814 sq ft of commercial space in Perspectivas Park Commercial development; Multiple private office spaces plus a spacious kitchen/break room and ample storage; Two restrooms within the unit
