Office Building For
For Sale
Contact for pricing
8271 Pine Rd, Cincinnati, OH 45236
9,000 sqft office building available for sale or lease.
Property Size9,000 SF
Price / SF$325
Days on Market225
Property Features for 8271 Pine Rd
General Information
Standard status
Active
Size
9,000 SF
Class
A
Property subtype
Office
Occupancy
60%
Building Details
Tenancy
Multi
Listing Agency:
Colliers - Cincinnati, Ohio
Listed By:
Elaine Gillespie · License #OH 2003013101
(513) 336-8765
Source:
Crexi
Added: Mar 4
Changed: Oct 13
Last Checked: Oct 12 at 6:49PM
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 Colliers - Cincinnati, Ohio
Investment Insights
Based on property information with market context.
This commercial real estate offering includes an office building with 9,000 square feet of space. The property is available for sale or lease.
Key Highlights
- For Sale or Lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$107,416
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,148,320
$2.1M
Cap Rate 7%
$1,534,514
$1.5M
Cap Rate 9%
$1,193,511
$1.2M
Market Conditions
NOI Build-Up for 9,000 SF
Gross rent
$185.8K $20.64/SF
− Vacancy
−$42.5K −$4.73/SF
EGI
$143.2K $15.91/SF
− OpEx
−$35.8K −$3.98/SF
NOI
$107.4K $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 Rate 5%
$2,148,320
Cap Rate 7%
$1,534,514
Cap Rate 9%
$1,193,511
Alternative Uses
Best Use
Office B
$1.53M
$1.34M – $1.79M
NOI $107,416 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,235 @ 7.0% cap · market cap 4.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,173
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Cincinnati, OH
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 9,000 sqft office building available for sale or lease.
Where is this office building located?
The property is located at 8271 Pine Rd Cincinnati, OH.
What is the asking price?
The asking price for this property is $2,925,000.
What are key features of this property?
This property features: For Sale or Lease
