Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4786 Roosevelt Blvd, Unit Middletown OH USA Middletown, OH 45044

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Value-add opportunity in a high-growth Cincinnati MSA corridor.

    Property size:
    26,968 SF
    Lot size:
    2.10 Acres

    Property Features for 4786 Roosevelt Blvd

    General Information

    Standard status
    Active
    Size
    26,968 SF
    Lot size
    2.10 Acres

    Building Details

    Year built
    1985

    We can help!

    Listing Contact
    Chris Prosser, Ccim
    Source: Crexi

    Listing Agency: CBRE - Cincinnati Listing Agent: Chris Prosser, Ccim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Two-Tenant Shopping Center Investment

    Park East Plaza is a two-tenant shopping center located in Middletown, Ohio, within the Cincinnati MSA. The property offers a value-add component and is positioned at a discount to replacement cost, priced at $102 per square foot. Situated on the State Route 122 exit off I-75, the location lies between Cincinnati and Dayton, in a growth corridor of Southwest Ohio. The property is near several commercial developments, including the planned redevelopment of the Towne Mall, with demolition scheduled for 2026. This redevelopment is expected to strengthen the retail fundamentals in the submarket, benefiting Park East Plaza. The asset is secured by two leases: an operating Harbor Freight and a leased, but currently dark, Oak Street Health. The Oak Street Health lease presents potential upside through a lease buyout and re-tenanting. The Oak Street lease, signed in January 2025, has an initial 12-year term with annual 2% base rent increases beginning in Year 2.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Pharmacy Nail Salon Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Coinstar Kiosk - Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Butler
    State
    Ohio
    Longitude
    -84.3839
    Latitude
    39.447

    Nearby Similar for Sale

    • $325,000
      12,197 SF

      Vacant Flex Space Opportunity

      Value-add flex space with customization potential in Middletown, OH.
      3125 Yankee Rd, Middletown, OH 45044
      View Details
    • Contact for pricing
      3,548 SF

      Professional Office Space in Middletown

      Office space in high-traffic area with versatile layout.
      2005 Central Ave, Middletown, OH 45044
      View Details
    • Contact for pricing
      4,607 SF

      Updated Office Spaces For Sale

      Two updated office suites available near highway, shopping, and dining.
      6820 Roosevelt Ave, Middletown, OH 45005
      View Details
    • $94,900
      2,204 SF

      Historic Commercial Building in Middletown

      Commercial building ready for cafe, retail, or restaurant use.
      1912 Tytus Ave, Middletown, OH 45042
      View Details
    • $250,000
      1,281 SF

      Retail Building on Central Avenue

      Stand-alone retail building with high visibility on Central Avenue.
      2018 Central Ave, Middletown, OH 45044
      View Details
    • $165,000
      3,548 SF

      Mixed-Use Property with Office, Residence

      Mixed-use property featuring office space and residential unit.
      2003 Central Ave, Middletown, OH 45044
      View Details
    • $145,000
      2,322 SF

      Middletown Duplex: Investment Opportunity

      Duplex in Middletown, perfect for investors or owner-occupants.
      1830 Woodlawn Ave, Middletown, OH 45044
      View Details
    • $625,000
      8,000 SF

      Middletown Health Care Office Space

      8,000 SF medical office with patient rooms and basement.
      74 N Breiel Blvd, Middletown, OH
      View Details
    • $3,250,000

      Conditioned Industrial Building Near I-75

      27,025 SF industrial building on 4.217 acres for sale.
      6550 Hamilton Lebanon Rd, Middletown, OH 45044
      View Details
    • $550,000

      Renovated Mixed-Use Property with Retail

      Recently renovated mixed-use building featuring apartments and retail space.
      1044 Central Ave, Middletown, OH 45044
      View Details
    • Contact for pricing
      24,809 SF

      Anchored Retail Center, Middletown, Ohio

      Value-add opportunity with long-term tenants and upside potential.
      621-675 N University Blvd, Middletown, OH 45042
      View Details
    • Contact for pricing
      20,052 SF

      Retail Space Near High Traffic

      Retail property for lease with high traffic and out-lot possibilities.
      3601 Towne Blvd, Middletown, OH
      View Details

    FAQs

    What type of property is this?
    Shopping center - Value-add opportunity in a high-growth Cincinnati MSA corridor.
    Where is this shopping center located?
    The property is located at 4786 Roosevelt Blvd, Unit Middletown OH USA Middletown, OH.
    What are key features of this property?
    This property features: - Value-add opportunity at a substantial discount to replacement cost of $102 per square foot.; - Located in a strong growth corridor in Southwest Ohio, off I-75 between Cincinnati and Dayton.; - Benefit from the redevelopment of the Towne Mall scheduled for demolition in 2026, strengthening retail fundamentals.
    Request Owner's contact information
    4786 Roosevelt Blvd, Unit Middletown OH USA Middletown, OH 45044
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4786 Roosevelt Blvd, Unit Middletown OH USA
    Middletown, OH 45044
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4786 Roosevelt Blvd, Unit Middletown OH USA Middletown, OH 45044
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Chris Prosser, Ccim
    Real Estate License ID: SAL.0000443707
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!