Renovated Office
5643 Cheviot Rd, Cincinnati, OH 45247
For Sale
Contact for pricing
Three private offices are complemented by space for workstations, reception, and client waiting.
Property Size900 SF
Days on Market24
Property Features for 5643 Cheviot Rd
General Information
Standard status
Size
Additional Details
Condition
Property Use
Listing Agency:
Coldwell Banker Com Reliant Re
(513) 241-8725
Listed By:
Michael J Bastin
(513) 520-4525
Source:
Exprealty
Added: Oct 21
Changed: Nov 13
Last Checked: Nov 12 at 2:34PM
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 Coldwell Banker Com Reliant Re
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Investment Insights
Based on property information with market context.
The renovated 900-square-foot office suite at 5643 Cheviot Rd in Cincinnati includes three private offices and an open work area. Reception and client waiting space, an in-suite restroom, and updated interior finishes complete the layout.
Key Highlights
- 900 SF renovated office suite
- Three private offices
- Open work area for workstations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,742
Suggested Prices Based on Cap Rates
Cap Rate 5%
$214,840
$214.8K
Cap Rate 7%
$153,457
$153.5K
Cap Rate 9%
$119,356
$119.4K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$18.6K $20.64/SF
− Vacancy
−$4.3K −$4.73/SF
EGI
$14.3K $15.91/SF
− OpEx
−$3.6K −$3.98/SF
NOI
$10.7K $11.94/SF
Area
Cincinnati, OH
Vacancy
22.90%
Lease Rate
$20.64 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$214,840
Cap Rate 7%
$153,457
Cap Rate 9%
$119,356
Alternative Uses
Best Use
Office B
$153.5K
$134.3K – $179.0K
NOI $10,742 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$178.9K
$156.6K – $208.7K
NOI $12,524 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
676
Businesses Nearby
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Business Placement
Demographics for 45247, OH
23,293
Population
10,066
Households
2.3
Avg Household Size
46
Median Age
40%
College-Educated
97%
High-School Grad
21.2 sq mi
ZIP Area
1,099
Density / Sq Mi
$95,810
Median Household Income
$53,246
Median Earnings
$1,095
Median Rent
$268,300
Median Home Value
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Market
Properties on Market for Office Units in Cincinnati
Vacancy Rate% for Office in Cincinnati, OH
Frequently Asked Questions
What type of property is this?
Office unit - Three private offices are complemented by space for workstations, reception, and client waiting.
Where is this office unit located?
The property is located at 5643 Cheviot Rd Cincinnati, OH.
What are key features of this property?
This property features: 900 SF renovated office suite; Three private offices; Open work area for workstations
