6111 Madison Rd Cincinnati, OH 45227
Office buildings
Property Features for 6111 Madison Rd
General Information
- Standard status
- Active
- Size
- 3,813 SF
- Property subtype
- Office
Building Details
- Year Built
- 1870
Listing office Republic Commercial Real Estate (513) 549-5440
Listing date Sep 10, 2024
Source Crexi
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 Republic Commercial Real Estate
Investment Insights
Based on property information with market context.
Key Highlights
- Move‑in ready traditional office space
- Roughly ten (10) off‑street parking spaces available
- Restored in 2019
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 | $78.7k | $20.64 |
| − Vacancy | −$18.0k | −$4.73 |
| EGI | $60.7k | $15.91 |
| − OpEx | −$15.2k | −$3.98 |
| NOI | $45.5k | $11.94 |
