Medical Office Building with
For Sale
Contact for pricing
872 Ohio Pike, Cincinnati, OH 45245
Well-lit parking for 50+ cars and a medical-ready building with prominent frontage on a major throughfare.
Property Size5,954 SF
Lot Size2.87 Acres
Price / SF$159.39
Days on Market289
Property Features for 872 Ohio Pike
General Information
Standard status
Active
Size
5,954 SF
Lot size
2.87 Acres
Property subtype
OFFICE
Site & Location
Traffic Count
45,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Amenities
large backlit pylon sign
Listing Agency:
J. A. Trautmann Realtors
(513) 752-5000
Listed By:
Ben Trautmann
(513) 315-8629
Source:
Moodyscre
Added: Nov 25, 2025
Changed: Aug 10
Last Checked: Sep 9 at 6:50PM
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 J. A. Trautmann Realtors
Investment Insights
Based on property information with market context.
This medical office building offers 5,954 square feet designed for turnkey medical services. The site is built around a well-lit parking area with capacity for 50+ stalls, providing room to support the existing building as well as potential future development through expansion or a second structure. The property also features large, backlit pylon signage and approximately 500 feet of frontage on a major throughfare.
The frontage benefits from exposure on a road carrying 45,000+ ADT, and the property is located about 1.2 miles from I-275 and under 2 miles from numerous amenities.
The building layout is intended for healthcare use, with the option to retrofit for other purposes if needed.
The frontage benefits from exposure on a road carrying 45,000+ ADT, and the property is located about 1.2 miles from I-275 and under 2 miles from numerous amenities.
The building layout is intended for healthcare use, with the option to retrofit for other purposes if needed.
Key Highlights
- 5,954 SF medical building on 2.87 acres with parking for 50+ vehicles.
- 500' frontage on a major throughfare with 45,000+ ADT and a large, backlit pylon sign.
- Well‑lit parking area designed to support current use and future development.
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
$69,019
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
7.27%
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%
$1,380,380
$1.4M
Cap Rate 7%
$985,986
$986.0K
Cap Rate 9%
$766,878
$766.9K
Market Conditions
NOI Build-Up for 5,954 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
$125.0K $21.00/SF
− Vacancy
−$10.0K −$1.68/SF
EGI
$115.0K $19.32/SF
− OpEx
−$46.0K −$7.73/SF
NOI
$69.0K $11.59/SF
Area
Cincinnati, OH
Vacancy
8.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
40.00%
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%
$1,380,380
Cap Rate 7%
$985,986
Cap Rate 9%
$766,878
Alternative Uses
Best Use
Healthcare Medical
$986.0K
$862.7K – $1.15M
NOI $69,019 @ 7.0% cap · market cap 7.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.04M – $1.38M
NOI $82,850 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
45,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
276
Businesses Nearby
Explore this area
Business Placement
Demographics for 45245, OH
20,249
Population
8,897
Households
2.3
Avg Household Size
43
Median Age
30%
College-Educated
92%
High-School Grad
15.8 sq mi
ZIP Area
1,282
Density / Sq Mi
$73,135
Median Household Income
$48,351
Median Earnings
$1,123
Median Rent
$259,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Medical center - Well-lit parking for 50+ cars and a medical-ready building with prominent frontage on a major throughfare.
Where is this medical center located?
The property is located at 872 Ohio Pike Cincinnati, OH.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: 5,954 SF medical building on 2.87 acres with parking for 50+ vehicles.; 500' frontage on a major throughfare with 45,000+ ADT and a large, backlit pylon sign.; Well‑lit parking area designed to support current use and future development.
