Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Medical Space on Mercy Campus Title is generated by Realmo AI

    8000 Five Mile Rd, Cincinnati, OH

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Second-generation medical space connected to Mercy Hospital via tunnel.

    Type:OFFICE
    Property size:
    1,663 SF
    Lot size:
    26.13 Acres
    Added:
    Mar 9, 2023
    Days on Market:
    1179
    Last Refresh:
    May 19 at 8:53 pm

    Property Features for 8000 Five Mile Rd

    General Information

    Standard status
    Active
    Size
    1,663 SF
    Lot size
    26.13 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 8000 Five Mile Rd Contact us

    We can help!

    Listing Contact
    Darin J. Armbruster

    Listing agent Darin J. Armbruster

    Listing office Newmark | Cincinnati

    Listing date Mar 9, 2023

    Source Moodyscre

    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 Newmark | Cincinnati

    HighLights

    • Located on Mercy Hospital campus for convenient access.
    • 2nd Generation medical space ready for your practice.
    • Connected to hospital tunnel for easy navigation.
    • Covered parking available.
    • On Metro bus line.

    Overview

    This is a 1,663 square foot second-generation medical space located on the Mercy Hospital campus. The property is connected to the hospital tunnel and offers covered parking. It is also situated on the Metro bus line.
    Location Intelligence

    Current Use by Public Records

    Mercy Health - Anderson ... Medical Clinic Mercy Health - Anderson ... Physician Parker Periodontics and Implant ... Dental Office Rodney E Vivian Physician Dr. Jeffrey M. ... Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places 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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Clermont
    State
    Ohio
    Longitude
    -84.3506
    Latitude
    39.0855

    Nearby Similar for Lease

    • $99-$2,576/Mo
      11-1,292 SF

      OH, Cincinnati - Chester Rd

      11260 Chester Rd, Unit 7TH, Cincinnati, OH 45246
      View Details
    • $129-$12,007/Mo
      11-2,026 SF

      Spaces Over The Rhine

      1435 Vine St, Cincinnati, OH 45202
      View Details
    • Sponsored
      $129-$4,646/Mo
      11-1,292 SF

      OH, Cincinnati - Montana Ave

      2300 Montana Ave, Unit 5TH, Cincinnati, OH 45211
      View Details
    • $129-$4,846/Mo
      11-1,292 SF

      PNC Center

      201 5Th St, Unit 1900, Cincinnati, OH 45202
      View Details
    • $22 SF/Yr
      2,543 SF

      Former Brewery Restaurant and Bar

      Second-generation restaurant and bar space in a growing neighborhood.
      5900 Madison Rd, Cincinnati, OH 45227
      View Details
    • $12 SF/Yr
      2,657 SF

      Cincinnati Office/Medical Suites for Lease

      Three suites available in well-located Cincinnati office/medical building.
      9563 Montgomery Road, Cincinnati, OH 45242
      View Details
    • $19 SF/Yr
      2,492 SF

      Freestanding Building on Montgomery Road

      Single-tenant building suitable for retail, service, medical, or office.
      9823 Montgomery Rd, Cincinnati, OH 45242
      View Details
    • $9 SF/Yr
      12,140 SF

      Versatile Flex Space Available

      Adaptable office, warehouse, and showroom space for lease.
      3737 Round Bottom Road, Cincinnati, OH 45244
      View Details
    • $16 SF/Yr
      2,200 SF

      Versatile Retail/Office Space Available

      Adaptable 2,200 SF space for retail, office, or flex use.
      8045 Colerain Ave, Cincinnati, OH 45239
      View Details
    • $2,255,813 SF/Yr
      10,640 SF

      New Dollar General Investment Property

      New Dollar General in Cincinnati, OH with long-term NNN lease.
      635 Old State Rte 74, Anderson (Cincinnati), OH 45244
      View Details
    • $16 SF/Yr
      675 SF

      Furnished Office Space on Springfield

      675 SF furnished office space for lease on Springfield Pike.
      11503 Springfield Pike, Cincinnati, OH 45246
      View Details
    • $7 SF/Yr
      11,112 SF

      Kemper Meadow Office Park Space

      Class 'B' office space near I-275 and I-75.
      1251, 1253 and 1255 Kemper Meadow Drive, Cincinnati, OH 45240
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Second-generation medical space connected to Mercy Hospital via tunnel.
    Where is this medical office space located?
    The property is located at 8000 Five Mile Rd Cincinnati, OH.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: Located on Mercy Hospital campus for convenient access.; 2nd Generation medical space ready for your practice.; Connected to hospital tunnel for easy navigation.
    (513) 317-1611 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Darin J. Armbruster
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8000 Five Mile Rd, Cincinnati, OH
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!