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    2612 Gilbert Ave Cincinnati, OH 45206

    For Sale
    $2,700,000

    100% Occupied, 8.5% Cap Rate

    Property size:
    22,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional mixed-use investment property, located at 2612 Gilbert Ave in Cincinnati, Ohio, presents a rare opportunity. The 22,000 square foot building, constructed in 1970 and renovated in 2017, sits on a 1.03-acre lot and boasts a strong 8.5% capitalization rate. Currently 100% occupied by two tenants under a triple-net (NNN) lease structure, the property offers significant stability. The primary tenant, Dohn Community High School, benefits from annual NOI increases of three percent. The secondary tenant, City Limits Laundromat, operates 24/7 and is part of a larger Cincinnati-based chain. Both tenants are backed by corporate guarantees, mitigating risk. The leases, with a remaining term of approximately two years, feature a five-year term and include rent bumps of 16% every five years. The property includes 15 parking spaces and is zoned for commercial use. This stabilized investment offers a compelling return with minimal management overhead. The property features a single, one-story building. Lease commencement was July 1, 2020, with expiration set for August 1, 2030. The asking price is $2,700,000. This is a turnkey investment opportunity in a prime Cincinnati location.

    Property Features for 2612 Gilbert Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    22,000 SF
    Class
    B
    Lot Size
    44,867 SF

    Building Details

    Year Built/Renovated
    1970/2017
    Buildings
    1
    Stories
    1

    HighLights

    • $2,700,000 asking price for a stabilized mixed‑use investment property.
    • 22,000 square feet, 100% occupied, with two corporate‑guaranteed tenants.
    • 8.5% cap rate, generating $230,724 in net operating income (NOI).
    • Located in Cincinnati, OH, at 2612 Gilbert Ave, on a 1.03‑acre lot with 15 parking spaces.
    • Features a single, one‑story, 1970‑built building renovated in 2017, with a Commercial zoning permit.
    • NNN leases with 5‑year terms, including a 16% rent bump every 5 years, and 2 years remaining on current leases.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cincinnati Ohio Technology ... School Hamilton County Human ... Social Services Organization DAMPE Community School High School Universal HVAC Contractors Hvac Contractor

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.4887099
    Latitude
    39.1279024

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    FAQs

    What type of property is this?
    Mixed-use property - 100% Occupied, 8.5% Cap Rate
    Where is this mixed-use property located?
    The property is located at 2612 Gilbert Ave Cincinnati, OH.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: $2,700,000 asking price for a stabilized mixed-use investment property.; 22,000 square feet, 100% occupied, with two corporate-guaranteed tenants.; 8.5% cap rate, generating $230,724 in net operating income (NOI).
    (513) 896-1200
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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
    2612 Gilbert Ave Cincinnati, OH 45206
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