Flex Space with Office
8830 Reading Rd, Cincinnati, OH 45215
For Sale
Contact for pricing
Office-focused layout with private offices, basement storage, and a reopenable drive-in door.
Property Size3,870 SF
Price / SF$109.82
Days on Market88
Property Features for 8830 Reading Rd
General Information
Standard status
Size
Property subtype
Additional Details
Drive-In Doors
Listing Agency:
Lee & Associates | Cincinnati
(513) 272-6800
Listed By:
Chas Cook · License #OH 2021008642
(513) 884-2665
Source:
Moodyscre
Added: Aug 12
Changed: Nov 3
Last Checked: Nov 6 at 12:10PM
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 3,870-square-foot flex space at 8830 Reading Road is currently configured for office use, with six private offices and approximately 1,600 SF that could be converted to warehouse space. An existing 10’x10’ drive-in door is drywalled but can be reopened, adding flexibility to the layout. The property also includes approximately 1,140 SF of basement storage.
Signage is available along Reading Road. New paint and carpet are planned in connection with a minimum 3-year lease, providing a defined improvement plan for future occupancy. The combination of office improvements, convertible area, storage, and a reopenable drive-in door supports multiple operational configurations within the existing building.
Signage is available along Reading Road. New paint and carpet are planned in connection with a minimum 3-year lease, providing a defined improvement plan for future occupancy. The combination of office improvements, convertible area, storage, and a reopenable drive-in door supports multiple operational configurations within the existing building.
Key Highlights
- 3,870 SF flex space with 100% office build‑out
- Six private offices included in the existing layout
- Approximately 1,600 SF can be converted into warehouse space
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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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
648
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
$200,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Cincinnati, OH
Properties on Market for Flex space in Cincinnati
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 - Office-focused layout with private offices, basement storage, and a reopenable drive-in door.
Where is this flex space located?
The property is located at 8830 Reading Rd 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 flex space with 100% office build‑out; Six private offices included in the existing layout; Approximately 1,600 SF can be converted into warehouse space
