Office Property for
For Sale
Contact for pricing
7351 Montgomery Road, Cincinnati, OH 45236
2100 sqft office space available for purchase.
Property Size2,100 SF
Price / SF$140.48
Days on Market212
Property Features for 7351 Montgomery Road
General Information
Standard status
Active
Size
2,100 SF
Class
B
Total Parking Spaces
10
Property subtype
Office
Zoning
Commercial
Investment Type
Owner/User
Building Details
Year Built
1965
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Lee & Associates - Cincinnati
(513) 658-3411
Listed By:
Gary Fisher · License #OH SAL.2013000801
Source:
Crexi
Added: Jan 29
Changed: Aug 28
Last Checked: Aug 29 at 1:31AM
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 Lee & Associates - Cincinnati
Investment Insights
Based on property information with market context.
This commercial real estate offering features an office property with a size of 2100 square feet. The property is located on Montgomery Road in Cincinnati, Ohio.
Key Highlights
- Established neighborhood (built in 1965)
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
$25,064
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
8.50%
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%
$501,280
$501.3K
Cap Rate 7%
$358,057
$358.1K
Cap Rate 9%
$278,489
$278.5K
Market Conditions
NOI Build-Up for 2,100 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
$43.3K $20.64/SF
− Vacancy
−$9.9K −$4.73/SF
EGI
$33.4K $15.91/SF
− OpEx
−$8.4K −$3.98/SF
NOI
$25.1K $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 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%
$501,280
Cap Rate 7%
$358,057
Cap Rate 9%
$278,489
Alternative Uses
Best Use
Office B
$358.1K
$313.3K – $417.7K
NOI $25,064 @ 7.0% cap · market cap 8.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$417.5K
$365.3K – $487.0K
NOI $29,222 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
466
Businesses Nearby
Under-served
Demand for This Use
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
Vacancy Rate% for Office in Cincinnati, OH
Questions? Ask Rey
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Similar Off Market Nearby
- DSS Installations, Ltd — 6725 montgomery rd, cincinnati, oh 45236
Frequently Asked Questions
What type of property is this?
Office space - 2100 sqft office space available for purchase.
Where is this office space located?
The property is located at 7351 Montgomery Road Cincinnati, OH.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Established neighborhood (built in 1965)
