Building Details

Year Built 1929

Buildings 1

Tenancy Multi

Listing Agency: OwnerLand Realty, Inc. o***@ownerland.com Show Phone

Listed By: Robin B. Gentry Show Phone

Source: Galbraithrealtors

Added: Jan 20 Changed: Oct 23 Last Checked: Oct 23 at 3:39PM

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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 OwnerLand Realty, Inc.

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Investment Insights

Based on property information with market context.

The 12,800-square-foot storefront property was built in 1929 and includes two retail spaces currently offered for rent. One space measures 4,000 square feet, and the other measures 2,000 square feet.

The property is at 6018 Vine Street in Elmwood Place, Ohio, with on-street parking.

Key Highlights

• 12,800‑square‑foot storefront property
• Two retail spaces available: 4,000 square feet and 2,000 square feet
• Built in 1929

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$137,604

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,752,080 $2.8M

Cap Rate 7%

$1,965,771 $2.0M

Cap Rate 9%

$1,528,933 $1.5M

What to ask about pricing

Market Conditions

NOI Build-Up for 12,800 SF

Gross rent

$207.4K $16.20/SF

− Vacancy

−$10.8K −$0.84/SF

EGI

$196.6K $15.36/SF

− OpEx

−$59.0K −$4.61/SF

NOI

$137.6K $10.75/SF

Area

Hamilton County, OH

Vacancy

5.20%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,752,080

Cap Rate 7%

$1,965,771

Cap Rate 9%

$1,528,933

Alternative Uses

Best Use

Retail

$1.97M

$1.72M – $2.29M (±1% cap)

NOI $137,604 @ 7.0% cap · market cap 13,760,400.00%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.29M

$2.01M – $2.68M (±1% cap)

NOI $160,635 @ 7.0% cap · market cap 16,063,500.00%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Parking Lot & Garage Dental Office Law Firm Pharmacy Bakery Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

390

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 45216, OH

9,667

Population

4,262

Households

2.3

Avg Household Size

37

Median Age

27%

College-Educated

87%

High-School Grad

2.8 sq mi

ZIP Area

3,453

Density / Sq Mi

$51,602

Median Household Income

$40,333

Median Earnings

$815

Median Rent

$138,200

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Similar For Sale Nearby

See more

Mixed-Use Building with Apartments

6019 Vine St, Elmwood Place, OH 45216

$295,000

5,625 SF

View details

Mixed-Use Corner Property

5700 Highland Avenue, Elmwood Place, OH 45216

$110,000

0.06 Acres

View details

Duplex with Separate-Utility Outbuilding

305 Walnut St, Elmwood Place, OH 45216

$215,000

2,208 SF

View details

Similar Off Market Nearby

• Jones the Florist — 5179 Fishwick Dr, Cincinnati, OH 45216

Frequently Asked Questions

What type of property is this?

Storefront property - Two retail spaces are currently available within the building.

Where is this storefront property located?

The property is located at 6018 Vine Street Elmwood Place, OH.

What are key features of this property?

This property features: 12,800‑square‑foot storefront property; Two retail spaces available: 4,000 square feet and 2,000 square feet; Built in 1929