Auto Garage on Corner
For Sale
$499,900
5757 Hamilton Ave, Cincinnati, OH 45224
Two-bay auto garage in College Hill redevelopment area.
Property Size1,218 SF
Price / SF$410.43
Days on Market118
Property Features for 5757 Hamilton Ave
General Information
Standard status
Active
Size
1,218 SF
Listing Agency:
Keller Williams Advisors
(812) 498-2379
Listed By:
Angela W Quebman
(812) 498-2379
Source:
Exprealty
Added: Apr 10
Changed: Jul 10
Last Checked: Jul 31 at 2:06PM
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 Advisors
Investment Insights
Based on property information with market context.
This corner property, currently operating as a two-bay auto garage, is situated in a prime location at the heart of the College Hill redevelopment area. The property features four entrances off Hamilton Avenue and Llanfair Avenue. The listing includes the 1,218 square foot auto shop only. The seller is willing to sell an additional 5,820 square foot retail building/apartment that can be redesigned. The retail building has a new roof and rooftop terrace. Annual taxes are for the garage only.
Key Highlights
- Prime corner location in the heart of College Hill redevelopment.
- Currently operating as a 2‑bay auto garage with 4 total entrances.
- Opportunity to purchase an additional 5820 sq ft retail/apartment building.
Financial Insights For Retail
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 | $21.9k | $18.00 |
| − Vacancy | −$1.9k | −$1.53 |
| EGI | $20.1k | $16.47 |
| − OpEx | −$6.0k | −$4.94 |
| NOI | $14.0k | $11.53 |
1,218 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$200.6K
$175.5K – $234.0K
NOI $14,042 @ 7.0% cap · market cap 2.81%
Second Best
Industrial
$85.2K
$74.5K – $99.4K
NOI $5,963 @ 7.0% cap · market cap 1.19%
Theoretical Best
Office A
$242.1K
$211.9K – $282.5K
NOI $16,948 @ 7.0% cap · market cap 3.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
323
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45224, OH
20,214
Population
9,886
Households
2
Avg Household Size
45
Median Age
34%
College-Educated
92%
High-School Grad
6.1 sq mi
ZIP Area
3,314
Density / Sq Mi
$57,754
Median Household Income
$39,579
Median Earnings
$895
Median Rent
$174,400
Median Home Value
Market
Vacancy Rate% for Retail in Cincinnati, OH
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Ryan's Service, Inc. — 1057 W North Bend Rd, Cincinnati, OH 45224
- Midtown Tire LLC — 1100 W North Bend Rd, Cincinnati, OH 45224
- D & G Automotive — 5757 Hamilton Ave, Cincinnati, OH 45224
- Reed's Complete Auto repair — 1055 Grayview Ct, Cincinnati, OH 45224
Frequently Asked Questions
What type of property is this?
Auto shop - Two-bay auto garage in College Hill redevelopment area.
Where is this auto shop located?
The property is located at 5757 Hamilton Ave Cincinnati, OH.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Prime corner location in the heart of College Hill redevelopment.; Currently operating as a 2‑bay auto garage with 4 total entrances.; Opportunity to purchase an additional 5820 sq ft retail/apartment building.
