First-Floor Office Condo End
Cornell Road 4D Blue Ash, OH 45241
Cornell Road 4D, Blue Ash, OH, 45241
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For Sale
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End unit first-floor office condo with private offices, break room, storage, and two restrooms.
Property Size1,814 SF
Price / SF$124.04
Days on Market70
Property Features for Cornell Road 4D
General Information
- Standard status
- Active
- Size
- 1,814 SF
- Property subtype
- Land
Building Details
- Year Built
- 1984
Listing agency
Keller Williams Seven Hills Re
Listed by
Joshua Honken
Source
Crexi
Added: May 13 Updated: Jul 10 at 1:53PM Checked: Jul 21 at 8:58AM
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
Investment Insights
Based on property information with market context.
This first-floor office condo end unit provides 1,814 square feet of commercial space designed for professional use. The layout includes multiple private office spaces, a spacious kitchen or break room, ample storage, and two restrooms. A welcoming front entry supports easy daily access for staff and clients.
The property is located within the Perspectivas Park Commercial development. It offers convenient on-site parking and is positioned just minutes from the highway, supporting straightforward access for business operations.
For buyers seeking a ready-to-use office configuration, the combination of private offices, break room, storage, and two restrooms makes the space well-suited for a range of professional and business users. The condo association will be replacing the roof, providing added reassurance for long-term ownership.
The property is located within the Perspectivas Park Commercial development. It offers convenient on-site parking and is positioned just minutes from the highway, supporting straightforward access for business operations.
For buyers seeking a ready-to-use office configuration, the combination of private offices, break room, storage, and two restrooms makes the space well-suited for a range of professional and business users. The condo association will be replacing the roof, providing added reassurance for long-term ownership.
Key Highlights
- End unit first‑floor office condo in Perspectivas Park Commercial development
- 1,814 sq ft commercial space with multiple private office spaces
- Includes kitchen/break room, ample storage, and two restrooms
Local Financial Insights For Office B
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 | $30.5k | $16.80 |
| − Vacancy | −$7.7k | −$4.25 |
| EGI | $22.8k | $12.55 |
| − OpEx | −$5.7k | −$3.14 |
| NOI | $17.1k | $9.41 |
1,814 SF · lease $16.80/SF/yr · vacancy 25.30% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - End unit first-floor office condo with private offices, break room, storage, and two restrooms.
Where is this office units located?
The property is located at Cornell Road 4D 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: End unit first‑floor office condo in Perspectivas Park Commercial development; 1,814 sq ft commercial space with multiple private office spaces; Includes kitchen/break room, ample storage, and two restrooms
