Freestanding Office with
717 Jefferson Avenue, Cincinnati, OH 45215
For Sale
Contact for pricing
A usable lower level and rear parking add practical space and convenience to this standalone office property.
Property Size1,194 SF
Price / SF$138.19
Days on Market39
Property Features for 717 Jefferson Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Property Use
Building Details
Buildings
Building Size
Listing Agency:
Sibcy Cline
Listed By:
Nat Comisar · License OH SAL.2006000748
(513) 378-5801
Source:
Crexi
Added: Oct 2
Changed: Nov 8
Last Checked: Nov 8 at 3:05PM
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 Sibcy Cline
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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 freestanding office building contains 1,194 square feet, according to the auditor, and includes two bathrooms. A full basement provides additional usable space, while the building’s standalone configuration supports a straightforward office layout.
Parking is located behind the building, and the property is on Jefferson Avenue in Cincinnati, Ohio.
Parking is located behind the building, and the property is on Jefferson Avenue in Cincinnati, Ohio.
Key Highlights
- 1,194 square feet per auditor
- Full, usable basement
- Two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,250
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,000
$285.0K
Cap Rate 7%
$203,571
$203.6K
Cap Rate 9%
$158,333
$158.3K
Market Conditions
NOI Build-Up for 1,194 SF
Gross rent
$24.6K $20.64/SF
− Vacancy
−$5.6K −$4.73/SF
EGI
$19.0K $15.91/SF
− OpEx
−$4.8K −$3.98/SF
NOI
$14.3K $11.94/SF
Area
ZIP 45215
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%
$285,000
Cap Rate 7%
$203,571
Cap Rate 9%
$158,333
Alternative Uses
Best Use
Office B
$203.6K
$178.1K – $237.5K
NOI $14,250 @ 7.0% cap · market cap 8.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$258.3K
$226.0K – $301.3K
NOI $18,080 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
692
Businesses Nearby
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Business Placement
Demographics for 45215, OH
30,993
Population
13,735
Households
2.3
Avg Household Size
38
Median Age
35%
College-Educated
92%
High-School Grad
12.0 sq mi
ZIP Area
2,583
Density / Sq Mi
$71,949
Median Household Income
$45,976
Median Earnings
$954
Median Rent
$200,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Office buildings in Cincinnati
Vacancy Rate% for Office in Cincinnati, OH
Frequently Asked Questions
What type of property is this?
Office building - A usable lower level and rear parking add practical space and convenience to this standalone office property.
Where is this office building located?
The property is located at 717 Jefferson Avenue Cincinnati, OH.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: 1,194 square feet per auditor; Full, usable basement; Two bathrooms
