7816 Laurel Avenue, Madeira, OH 45243

Building Details

Building Size 1,776 SF More

Year Built 1907 More

Listing Agency: Coldwell Banker Realty k***@cbrealty.com Show Phone

Listed By: Luke R Luther Show Phone

Source: Galbraithrealtors

Added: Jul 10 Changed: Nov 7 Last Checked: Nov 8 at 6:22PM

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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 Coldwell Banker Realty

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Investment Insights

Based on property information with market context.

This commercial property includes a 1,776-square-foot building constructed in 1907. The structure began as a single-family home and has since been used for office space. The site is described as having ample parking and is near Miami Avenue in Madeira’s central business district.

Key Highlights

• 1,776‑square‑foot existing building
• Built in 1907
• Previously used as office space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,716

Cap Rate

4.46%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$334,320 $334.3K

Cap Rate 7%

$238,800 $238.8K

Cap Rate 9%

$185,733 $185.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,776 SF

Gross rent

$29.8K $16.80/SF

− Vacancy

−$7.5K −$4.25/SF

EGI

$22.3K $12.55/SF

− OpEx

−$5.6K −$3.14/SF

NOI

$16.7K $9.41/SF

Area

Hamilton County, OH

Vacancy

25.30%

Lease Rate

$16.80 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$334,320

Cap Rate 7%

$238,800

Cap Rate 9%

$185,733

Alternative Uses

Best Use

Office B

$238.8K

$209.0K – $278.6K (±1% cap)

NOI $16,716 @ 7.0% cap · market cap 4.46%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$318.4K

$278.6K – $371.5K (±1% cap)

NOI $22,288 @ 7.0% cap · market cap 5.94%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Hair Salon Building Supply Auto Repair Shop Spa & Massage Center Parking Lot & Garage

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

61

Businesses Nearby

Explore this area Business Placement

Demographics for 45243, OH

15,894

Population

6,160

Households

2.6

Avg Household Size

43

Median Age

71%

College-Educated

98%

High-School Grad

19.4 sq mi

ZIP Area

819

Density / Sq Mi

$170,006

Median Household Income

$89,024

Median Earnings

$1,962

Median Rent

$616,900

Median Home Value

Market

Properties on Market for Commercial land in Hamilton County

Jul

Aug

Sep

Oct

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

Frequently Asked Questions

What type of property is this?

Commercial land - Commercially zoned property with an existing building previously used as office space.

Where is this commercial land located?

The property is located at 7816 Laurel Avenue Madeira, OH.

What is the asking price?

The asking price for this property is $375,000.

What are key features of this property?

This property features: 1,776‑square‑foot existing building; Built in 1907; Previously used as office space