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    3800 Red Bank Rd Cincinnati, OH 45227

    Sponsored
    For Sale
    $1,250,000

    Prime Cincinnati office building, high occupancy.

    Property size:
    13,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This stabilized, multi-tenant office building at 3800 Red Bank Road in Cincinnati, Ohio presents a compelling investment opportunity. The 13,100 square foot, single-story building, constructed in 1966 and renovated in 2020, boasts a Class B rating and is situated on a 0.952-acre lot within the H-Reinvestment District. Currently 73% occupied by two tenants, the property offers a strong net operating income (NOI) of $48,607, resulting in a 3.89% cap rate. The asking price is $1,250,000, translating to $95.42 per square foot. Ample parking is provided with 46 spaces, and the property features convenient outdoor storage. The building's location on Red Bank Road provides excellent visibility and exposure, with opportunities for prominent building signage and branding. Surrounding retail amenities further enhance the property's appeal. The property's modified lease type and the absence of a tenant credit rating should be considered in due diligence. The Hamilton County location, with a zip code of 45227, offers easy access to various transportation routes and local businesses. This is a rare chance to acquire a well-positioned, income-producing asset in a thriving Cincinnati neighborhood. The property's permitted zoning allows for reinvestment opportunities.

    Property Features for 3800 Red Bank Rd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    13,100 SF
    Class
    B
    Lot Size
    41,469 SF

    Building Details

    Year Built/Renovated
    1966/2020
    Buildings
    1
    Stories
    1

    HighLights

    • 13,100 SF single‑story office building on a 0.952‑acre lot in Cincinnati, OH.
    • Class B building, built in 1966, renovated in 2020, located in the H‑Reinvestment District.
    • 73% occupancy with two tenants, generating a $48,607 NOI and a 3.89% cap rate.
    • Asking price: $1,250,000 ($95.42/SF), with 46 parking spaces and outdoor storage.
    • Excellent visibility on Red Bank Road (45227) with convenient access to transportation and amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Prosperity Realty Real Estate Agency Jani-King Janitorial Service Lorena Anticoli, Realtor ... Real Estate Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.405084004709
    Latitude
    39.14380341906

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Cincinnati office building, high occupancy.
    Where is this office property / space located?
    The property is located at 3800 Red Bank Rd Cincinnati, OH.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: 13,100 SF single-story office building on a 0.952-acre lot in Cincinnati, OH.; Class B building, built in 1966, renovated in 2020, located in the H-Reinvestment District.; 73% occupancy with two tenants, generating a $48,607 NOI and a 3.89% cap rate.
    (513) 549-5440
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    3800 Red Bank Rd Cincinnati, OH 45227
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    Cincinnati, OH 45227
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    Realmo Value Estimation

    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.

    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.

    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
    3800 Red Bank Rd Cincinnati, OH 45227
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