Building Details

Buildings 1

Listing Agency: ERA REAL Solutions Realty, LLC s***@gmail.com Show Phone

Listed By: Frank B Brandy Show Phone

Source: Exprealty

Added: Aug 3 Changed: Aug 20 Last Checked: Aug 20 at 8:38AM

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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 ERA REAL Solutions Realty, LLC

Investment Insights

Based on property information with market context.

This medical office property at 7293 Beechmont Ave includes improvements from its former use as a physician’s office. The building has a wheelchair-accessible entrance sheltered by a covered side awning, supporting visitor access for medical or professional operations.

The property is located on Beechmont Avenue in Anderson Township, Ohio, near the Five Mile Road and Beechmont Avenue (Towne Center) intersection. Established neighboring businesses and the surrounding commercial corridor provide convenient access and visibility. The offering includes two parcels, 500-0273-0272-00 and 500-0273-0235-00, with opportunities identified for additional parking, expansion, redevelopment, or future investment.

Key Highlights

• Medical office property at 7293 Beechmont Ave, Anderson Township, OH
• Former physician’s office
• Wheelchair‑accessible entrance with covered side awning

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

Property Profile

Current Use

Audit-Tel Telecommunications Service Inverse Technology Solutions Telecommunications Service

Suggested Use

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

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

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Similar For Sale Nearby

Medical Office with Accessible Entry

7293 Beechmont Avenue, Anderson Twp, OH 45230

$900,000

5,644 SF

View details

Office Condo Suite with Multiple Offices

7655 Five Mile Road, Anderson Twp, OH 45230

$399,900

1.66 Acres

View details

Similar Off Market Nearby

• 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
• Cincinnati Veterinary Care — 7120 Dunn Rd, Cincinnati, OH 45230
• Cincinnati Equine LLC — 1113 Fehl Ln, Cincinnati, OH 45230

Frequently Asked Questions

What type of property is this?

Medical Office Space - Former physician’s office features a wheelchair-accessible entrance and covered side awning.

Where is this medical office space located?

The property is located at 7293 Beechmont Ave 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: Medical office property at 7293 Beechmont Ave, Anderson Township, OH; Former physician’s office; Wheelchair‑accessible entrance with covered side awning