Office-Flex Building with
For Sale
$425,000
8830 Reading Road, Cincinnati, OH 45215
Adaptable office/flex space includes full HVAC, six private offices, and a drive-in door for potential warehouse conversion.
Property Size3,870 SF
Days on Market96
Property Features for 8830 Reading Road
General Information
Standard status
Active
Size
3,870 SF
Property subtype
Office
Building Details
Building Size
3,870 SF
Listing Agency:
Lee & Associates | Cincinnati
Listed By:
Chas Cook · License #OH #2021008642
(513) 884-2665
Source:
Lee-associates
Added: Jul 26
Changed: Oct 28
Last Checked: Oct 28 at 6:21AM
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
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Investment Insights
Based on property information with market context.
This office-flex property offers an adaptable layout with six private offices, open work areas, and two private restrooms, supported by full HVAC. The building also includes approximately 1,140 square feet of additional basement storage. Clear height is 12 feet, and the exterior includes security lighting and available building signage.
The site has eight or more lined parking spaces and is located along Reading Road with visibility. The property is described as a short drive to I-75 and Ronald Reagan Cross County Highway.
A buyer may keep the current office configuration or convert approximately 1,600 square feet to warehouse use by reopening an existing 10' x 10' drive-in door.
The site has eight or more lined parking spaces and is located along Reading Road with visibility. The property is described as a short drive to I-75 and Ronald Reagan Cross County Highway.
A buyer may keep the current office configuration or convert approximately 1,600 square feet to warehouse use by reopening an existing 10' x 10' drive-in door.
Key Highlights
- 3,870 SF adaptable office/flex space on 0.27 acres in Cincinnati at 8830 Reading Road
- Existing layout includes six private offices, open work areas, and two private restrooms
- Full HVAC and approximately 1,140 SF basement storage included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,073
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$561,460
$561.5K
Cap Rate 7%
$401,043
$401.0K
Cap Rate 9%
$311,922
$311.9K
Market Conditions
NOI Build-Up for 3,870 SF
Gross rent
$46.4K $12.00/SF
− Vacancy
−$3.3K −$0.84/SF
EGI
$43.2K $11.16/SF
− OpEx
−$15.1K −$3.91/SF
NOI
$28.1K $7.25/SF
Area
ZIP 45215
Vacancy
7.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$561,460
Cap Rate 7%
$401,043
Cap Rate 9%
$311,922
Alternative Uses
Best Use
Office B
$659.8K
$577.4K – $769.8K
NOI $46,189 @ 7.0% cap · market cap 10.87%
Second Best
Flex RnD
$401.0K
$350.9K – $467.9K
NOI $28,073 @ 7.0% cap · market cap 6.61%
Theoretical Best
Office A
$837.2K
$732.5K – $976.7K
NOI $58,601 @ 7.0% cap · market cap 13.79%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
648
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 45215, OH
30,993
Population
13,735
Households
2.3
Avg Household Size
38
Median Age
35%
College-Educated
92%
High-School Grad
12.0 sq mi
ZIP Area
2,583
Density / Sq Mi
$71,949
Median Household Income
$45,976
Median Earnings
$954
Median Rent
$200,100
Median Home Value
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Market
Vacancy Rate% for Office in Cincinnati, OH
Similar Off Market Nearby
- Stirred Not Shaken — 216 W Benson St, Reading, OH 45215
Frequently Asked Questions
What type of property is this?
Flex space - Adaptable office/flex space includes full HVAC, six private offices, and a drive-in door for potential warehouse conversion.
Where is this flex space located?
The property is located at 8830 Reading Road Cincinnati, OH.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 3,870 SF adaptable office/flex space on 0.27 acres in Cincinnati at 8830 Reading Road; Existing layout includes six private offices, open work areas, and two private restrooms; Full HVAC and approximately 1,140 SF basement storage included
