Mixed-Use Building with Retail
7045 Montgomery Road, Silverton, OH 45236
For Sale
$949,000
Fully leased apartments and storefronts share a building with a full basement and coin laundry.
Property Size9,528 SF
Price / SF$99.60
Days on Market24
Property Features for 7045 Montgomery Road
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Occupancy
Financials
Cap Rate
Gross Income
Site & Location
Highway Access
Public Transit
Utilities to Site
Mixed-Use Components
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Amenities
coin laundry
Building Details
Building Size
Year Built
Buildings
Units
Tenancy
Listing Agency:
eXp Realty
(866) 212-4991
Listed By:
Andrew D Willoughby
(937) 470-8195
Source:
Galbraithrealtors
Added: Oct 15
Changed: Nov 6
Last Checked: Nov 6 at 2:47PM
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 eXp Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 9,528-square-foot mixed-use property combines seven apartments with two retail storefronts. The apartment mix includes three one-bedroom units, three two-bedroom units, and one three-bedroom unit. A full basement contains coin laundry, and each unit has separate gas and electric metering. The building also has 13 parking spaces, including off-street parking, and was built in 1900. Recent improvements include a new roof with a transferable warranty and new flooring in common areas.
The property is on Montgomery Road in Silverton, 1.5 miles from Kenwood Mall and I-71. A public bus stop is across the street, with a crosswalk providing access to the building. Commercial zoning supports the property's mixed residential and retail configuration.
The property is on Montgomery Road in Silverton, 1.5 miles from Kenwood Mall and I-71. A public bus stop is across the street, with a crosswalk providing access to the building. Commercial zoning supports the property's mixed residential and retail configuration.
Key Highlights
- Seven apartments: three 1‑bedroom, three 2‑bedroom, and one 3‑bedroom unit
- Two retail storefronts in the same building
- 9,528 square feet; built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,253
Cap Rate
8.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,645,060
$1.6M
Cap Rate 7%
$1,175,043
$1.2M
Cap Rate 9%
$913,922
$913.9K
Market Conditions
NOI Build-Up for 9,528 SF
Gross rent
$158.9K $16.68/SF
− Vacancy
−$9.4K −$0.98/SF
EGI
$149.6K $15.70/SF
− OpEx
−$67.3K −$7.06/SF
NOI
$82.3K $8.63/SF
Area
Hamilton County, OH
Vacancy
5.90%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,645,060
Cap Rate 7%
$1,175,043
Cap Rate 9%
$913,922
Alternative Uses
Best Use
Mixed Use
$1.58M
$1.38M – $1.85M
NOI $110,792 @ 7.0% cap · market cap 11.67%
Second Best
Retail
$1.46M
$1.28M – $1.71M
NOI $102,429 @ 7.0% cap · market cap 10.79%
Theoretical Best
Office A
$1.71M
$1.49M – $1.99M
NOI $119,573 @ 7.0% cap · market cap 12.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
7
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
Explore this area
Business Placement
Demographics for 45236, OH
24,223
Population
12,385
Households
2
Avg Household Size
41
Median Age
51%
College-Educated
95%
High-School Grad
6.9 sq mi
ZIP Area
3,511
Density / Sq Mi
$81,990
Median Household Income
$49,188
Median Earnings
$1,155
Median Rent
$218,900
Median Home Value
Market
Properties on Market for Mixed-use properties in Hamilton County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased apartments and storefronts share a building with a full basement and coin laundry.
Where is this mixed-use property located?
The property is located at 7045 Montgomery Road Silverton, OH.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Seven apartments: three 1‑bedroom, three 2‑bedroom, and one 3‑bedroom unit; Two retail storefronts in the same building; 9,528 square feet; built in 1900
