Neighborhood Grocery Store with
For Sale
$239,000
Pending
927 Vine Street, Hamilton, OH 45011
COMMERCIAL - Hamilton, OH
Property Size1,278 SF
Lot Size0.09 Acres
Days on Market101
Property Features for 927 Vine Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
On Street
Exterior features
Part Fenced, Sidewalks
Fencing
Fenced
Directions
129 Rt Fair Ave-Left Heaton-Right Miami St Left Vine Right Ninth St Right Vine St on Right side
Subdivision
Butler-W14
Standard status
Pending
APN
P6431023000049
Size
1,278 SF
Lot size
0.09 Acres
Utilities
Heating system
Electric (Heating)
Building Details
Year built
1931
Flooring type
Tile, Vinyl
Building materials
Vinyl Siding, Wood Siding
Roof type
Shingle
Listing Agency:
RE/MAX Victory + Affiliates · RE/MAX International
(513) 813-4098
Listed By:
Carolyn Ashby · License #389735
(937) 626-7002
Added: May 4
Changed: Aug 4
Last Checked: Aug 12 at 7:06AM
MLS# 1877142
Copyright © 2026 MLS of Greater Cincinnati, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale investment property features a neighborhood grocery store offered with fixtures and equipment and includes the existing inventory. The property also has an upstairs apartment that can be rented or owner-occupied, with two bedrooms, one full bath, a kitchen, a dining room, and a living room. Appliances for the apartment are included, including a washer/dryer.
The store operates Monday through Saturday from 9:00 AM to 8:00 PM. The property is situated on a multi-parcel setup totaling four parcels, with the city consolidated those into two parcels for tax purposes.
The grocery/store portion is approximately 1,278 square feet, and the upstairs apartment is approximately 990 square feet, with the full property encompassing both levels.
The store operates Monday through Saturday from 9:00 AM to 8:00 PM. The property is situated on a multi-parcel setup totaling four parcels, with the city consolidated those into two parcels for tax purposes.
The grocery/store portion is approximately 1,278 square feet, and the upstairs apartment is approximately 990 square feet, with the full property encompassing both levels.
Key Highlights
- North end market investment property with 1,278 SF store and inventory, fixtures, and equipment included
- Upstairs apartment offers 990 SF with 2 bedrooms, 1 full bath, kitchen, dining room, and living room
- Appliances in the upstairs apartment stay, including washer/dryer
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,457
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$269,140
$269.1K
Cap Rate 7%
$192,243
$192.2K
Cap Rate 9%
$149,522
$149.5K
Market Conditions
NOI Build-Up for 1,278 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$19.2K $15.00/SF
− Vacancy
−$1.2K −$0.96/SF
EGI
$17.9K $14.04/SF
− OpEx
−$4.5K −$3.51/SF
NOI
$13.5K $10.53/SF
Area
Butler County, OH
Vacancy
6.40%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$269,140
Cap Rate 7%
$192,243
Cap Rate 9%
$149,522
Alternative Uses
Best Use
Specialty Retail
$192.2K
$168.2K – $224.3K
NOI $13,457 @ 7.0% cap · market cap 5.63%
Second Best
Retail
$77.5K
$67.8K – $90.4K
NOI $5,426 @ 7.0% cap · market cap 2.27%
Theoretical Best
Office A
$252.7K
$221.1K – $294.8K
NOI $17,688 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
961
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45011, OH
73,596
Population
28,470
Households
2.6
Avg Household Size
38
Median Age
31%
College-Educated
88%
High-School Grad
60.4 sq mi
ZIP Area
1,218
Density / Sq Mi
$90,360
Median Household Income
$45,147
Median Earnings
$1,005
Median Rent
$272,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Neighborhood grocery store includes fixtures, equipment, and inventory, with a rentable or live-in upstairs apartment.
Where is this grocery and convenience store located?
The property is located at 927 Vine Street Hamilton, OH.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: North end market investment property with 1,278 SF store and inventory, fixtures, and equipment included; Upstairs apartment offers 990 SF with 2 bedrooms, 1 full bath, kitchen, dining room, and living room; Appliances in the upstairs apartment stay, including washer/dryer
