6779 Colerain Avenue, Cincinnati, OH 45239

Building Details

Building Size 4,000 SF More

Year Built 1979 More

Listing Agency: NAI Bergman

Listed By: Matt Hiudt · License #OH #SAL.2018002042 Show Phone

Source: Bergmancommercial

Added: Nov 6 Last Checked: Nov 6 at 4:54AM

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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 NAI Bergman

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Investment Insights

Based on property information with market context.

This vacant medical office offers 4,000 square feet with several exam rooms and office areas. The property has been recently updated and is offered for sale or lease, with NNN terms noted for leasing.

Colerain Avenue frontage provides access to Ronald Reagan Cross County Highway. Building and monument signage are available, and Colerain Avenue carries 43,202 vehicles per day.

Key Highlights

• 4,000 SF medical office
• Several exam rooms and office areas
• Recently updated

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$47,740

Cap Rate

6.01%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$954,800 $954.8K

Cap Rate 7%

$682,000 $682.0K

Cap Rate 9%

$530,444 $530.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,000 SF

Gross rent

$82.6K $20.64/SF

− Vacancy

−$18.9K −$4.73/SF

EGI

$63.7K $15.91/SF

− OpEx

−$15.9K −$3.98/SF

NOI

$47.7K $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%

$954,800

Cap Rate 7%

$682,000

Cap Rate 9%

$530,444

Alternative Uses

Best Use

Office B

$682.0K

$596.8K – $795.7K (±1% cap)

NOI $47,740 @ 7.0% cap · market cap 6.01%

Second Best

Healthcare Medical

$662.4K

$579.6K – $772.8K (±1% cap)

NOI $46,368 @ 7.0% cap · market cap 5.83%

Theoretical Best

Office A

$795.1K

$695.8K – $927.7K (±1% cap)

NOI $55,660 @ 7.0% cap · market cap 7.00%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Saif Jaweed Ophthalmologist Cataract Institute of Cincinnati Physician Dr. Matthew Dykhuizen Physician Katie Holnbeck Physician Dr. Michael Daun Ophthalmologist

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Building Supply Big Box & Wholesale Store Electrical 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

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

443

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 45239, OH

28,499

Population

12,985

Households

2.2

Avg Household Size

38

Median Age

26%

College-Educated

93%

High-School Grad

6.3 sq mi

ZIP Area

4,524

Density / Sq Mi

$58,276

Median Household Income

$37,094

Median Earnings

$949

Median Rent

$155,500

Median Home Value

Market

Properties on Market for Medical Office Space in Cincinnati

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Cincinnati, OH

18% 2019

19.1% 2020

21.4% 2021

23.3% 2022

25.4% 2023

26.1% 2024

25.4% 2025

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Similar Off Market Nearby

• Mt Healthy Animal Hospital — 2818 Blue Rock Rd, Cincinnati, OH 45239
• Colerain Animal Clinic: Lies J Michael DVM — 6340 Colerain Ave, Cincinnati, OH 45239
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Frequently Asked Questions

What type of property is this?

Medical Office Space - Recently updated space includes multiple exam rooms and office areas, with signage options at the building and monument.

Where is this medical office space located?

The property is located at 6779 Colerain Avenue Cincinnati, OH.

What is the asking price?

The asking price for this property is $795,000.

What are key features of this property?

This property features: 4,000 SF medical office; Several exam rooms and office areas; Recently updated