Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space and Outlots Available Title is generated by Realmo AI

    1227 Ohio Pike, Amelia, OH 45102

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail spaces and outlots available for lease.

    Type:Retail
    Property size:
    3,121 SF
    Lot size:
    2.40 Acres
    Added:
    Jun 3, 2024
    Days on Market:
    730
    Last Refresh:
    May 13 at 12:10 am

    Property Features for 1227 Ohio Pike

    General Information

    Standard status
    Active
    Size
    3,121 SF
    Lot size
    2.40 Acres
    Property subtype
    Retail

    Spaces For Lease

    at 1227 Ohio Pike Contact us

    1227-C $24/Mo

    Size
    1,668 SF
    Type
    Retail
    Contact us

    1227-D $24/Mo

    Size
    1,453 SF
    Type
    Retail
    Contact us

    We can help!

    Listing Contact
    Mike Seliga

    Listing agent Mike Seliga License #OH 2021005776

    Listing office CBRE - Cincinnati

    Listing date Jun 3, 2024

    Source Crexi

    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 CBRE - Cincinnati

    HighLights

    • Signalized access from OH‑125
    • High traffic counts: OH‑125 (31,409 AADT), I‑275 (68,765 AADT)
    • Less than 4 miles from I‑275
    • Outlots available: 0.5 - 2.4 acres
    • In‑line retail space available: 1,453 - 3,121 SF
    • Nearby retailers include Kroger, Chipotle, and McDonalds

    Overview

    Outlots ranging from 0.5 to 2.4 acres are available, along with in-line retail spaces ranging from 1,453 to 3,121 square feet. The location features signalized access from OH-125. Nearby retailers include Dickey’s Barbecue, Chipotle, Kroger, McDonalds, Jimmy John’s, Donatos, and Ace Hardware. Traffic counts for OH-125 are 31,409 AADT (2023), and for I-275, they are 68,765 AADT (2023). The property is less than 4 miles from I-275.
    Property Profile Location Intelligence

    Current Use by Public Records

    Chipotle Mexican Grill Restaurant Dickey's Barbecue Pit Take-out & Catering

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Amelia
    County
    Clermont
    State
    Ohio
    Longitude
    -84.247182
    Latitude
    39.047513

    Nearby Similar for Lease

    • $12 SF/Yr
      10,380 SF

      Retail Space with High Visibility

      End cap unit with pylon signage and ample parking.
      1727 East Ohio Pike, Amelia, OH 45102
      View Details
    • $22 SF/Yr
      204,000 SF

      Five-Story Office Building For Lease

      204,000 SF office building with campus environment.
      7000 Midland Blvd, Amelia, OH
      View Details
    • Contact for pricing
      4,248 SF

      Office Space with Natural Light

      Move-in ready office space with ample parking and signage.
      56 W Main St, Amelia, OH 45102
      View Details
    • $17 SF/Yr
      8,000 SF

      Amelia Office Space For Lease

      Energy-efficient office space with high visibility and park-like setting.
      3848-3870 Mcmann Rd, Amelia, OH
      View Details
    • Contact for pricing
      13,244 SF

      Office Space with Modern Renovations

      Renovated office space with easy highway access and abundant parking.
      4101 Founders Blvd, Amelia, OH
      View Details
    • Contact for pricing

      Land Available For Lease

      Land available for lease in Amelia, OH.
      Woodlands Dr, Amelia, OH
      View Details
    • Contact for pricing

      Land Available For Lease

      Approximately 1.22 acres available for land lease or build-to-suit.
      1920 OH-125, Amelia, OH 45102
      View Details
    • $12 SF/Yr
      2,400 SF

      Retail Space with High Visibility

      Retail space available for lease with high traffic and parking.
      1721-1727 E Ohio Pike, Amelia, OH
      View Details

    FAQs

    What type of property is this?
    Commercial land - Retail spaces and outlots available for lease.
    Where is this commercial land located?
    The property is located at 1227 Ohio Pike Amelia, OH.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: Signalized access from OH‑125; High traffic counts: OH‑125 (31,409 AADT), I‑275 (68,765 AADT); Less than 4 miles from I‑275
    (513) 369-1300 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mike Seliga
    Real Estate License ID: OH 2021005776
    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
    1227 Ohio Pike, Amelia, OH 45102
    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!