Building Details

Year built 1900

Flooring type Concrete, Carpet

Building materials Block, Brick

Roof type Shingle

Listing Agency: ERA REAL Solutions Realty, LLC · ERA Real Estate j***@era.com Show Phone

Listed By: Frank Brandy Show Phone

Added: Aug 3 Changed: Sep 12 Last Checked: Sep 20 at 4:06PM

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MLS# 1886999

Copyright © 2026 MLS of Greater Cincinnati, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 5,644-square-foot medical office property includes a wheelchair-accessible entrance with a covered side awning. The building has block and brick construction, carpet and concrete flooring, forced-air heating powered by natural gas, a shingle roof, and security-oriented features including an alarm system, smoke detector, and security light. Fenced areas and sidewalks are also present.

The property is located at 7293 Beechmont Avenue in Anderson Twp, Ohio, near the Five Mile Road and Beechmont Avenue intersection. The offering includes two parcels, creating options identified for additional parking, expansion, redevelopment, or future investment. The building was constructed in 1900 and includes a part-fenced exterior.

Key Highlights

• 5,644‑square‑foot medical office property
• Wheelchair‑accessible entrance with covered side awning
• Two parcels: 500‑0273‑0272‑00 and 500‑0273‑0235‑00

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$68,575

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

7.62%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$1,371,500 $1.4M

Cap Rate 7%

$979,643 $979.6K

Cap Rate 9%

$761,944 $761.9K

Market Conditions

NOI Build-Up for 5,644 SF 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.

Gross rent

$121.9K $21.60/SF

− Vacancy

−$12.2K −$2.16/SF

EGI

$109.7K $19.44/SF

− OpEx

−$41.1K −$7.29/SF

NOI

$68.6K $12.15/SF

Area

Cincinnati, OH

Vacancy

10.00%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$1,371,500

Cap Rate 7%

$979,643

Cap Rate 9%

$761,944

Alternative Uses

Best Use

Mixed Use

$979.6K

$857.2K – $1.14M (±1% cap)

NOI $68,575 @ 7.0% cap · market cap 7.62%

Second Best

Office B

$962.3K

$842.0K – $1.12M (±1% cap)

NOI $67,362 @ 7.0% cap · market cap 7.48%

Theoretical Best

Office A

$1.12M

$981.7K – $1.31M (±1% cap)

NOI $78,536 @ 7.0% cap · market cap 8.73%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Audit-Tel Telecommunications Service Inverse Technology Solutions Telecommunications Service

Suggested Use

Top Pick Law Firm Building Supply Big Box & Wholesale Store Nail Salon Auto Parts Store Kitchen & Bath Showroom

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

Location Intelligence

Trade Area within ½ mile

1,323

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 45230, OH

27,718

Population

11,987

Households

2.3

Avg Household Size

40

Median Age

54%

College-Educated

97%

High-School Grad

13.7 sq mi

ZIP Area

2,023

Density / Sq Mi

$87,100

Median Household Income

$53,900

Median Earnings

$962

Median Rent

$237,200

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this medical office space located? What is the asking price? Find similar properties What are key features of this property?

Similar Off Market Nearby

• Cincinnati Equine LLC — 1113 Fehl Ln, Cincinnati, OH 45230
• Cincinnati Veterinary Care — 7120 Dunn Rd, Cincinnati, OH 45230
• Petco Vaccination Clinic — 7769 Five Mile Rd, Cincinnati, OH 45230
• PetVet365 Pet Hospital Cincinnati/Anderson — 7434 Beechmont Ave, Cincinnati, OH 45255
• PetVet365 Pet Hospital Cincinnati/Anderson — beechmont ave, cincinnati, oh 45255

Frequently Asked Questions

What type of property is this?

Medical Office Space - Medical office property with wheelchair access, a covered side awning, security systems, and natural-gas forced-air heat.

Where is this medical office space located?

The property is located at 7293 Beechmont Avenue Anderson Twp, OH.

What is the asking price?

The asking price for this property is $900,000.

What are key features of this property?

This property features: 5,644‑square‑foot medical office property; Wheelchair‑accessible entrance with covered side awning; Two parcels: 500‑0273‑0272‑00 and 500‑0273‑0235‑00