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Woodlawn Commercial Investment Opportunity

10045 Springfield Pike, Cincinnati, OH 45215

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For Sale

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Office and retail spaces with value-add potential in Cincinnati suburb.

Type:Office, Retail

Property size:

9,610 SF

Price / SF:

$166/SF

HighLights

Prime investment opportunity in Woodlawn, Ohio.
Portfolio includes office/retail space and a sports bar.
Shares 38 parking spaces.
Newly renovated offices on the 2nd level.
New roof installed in 2021.
Value‑add opportunity to convert vacant offices into studio apartments.

We can help!

Contact an agent

Ali Abdur-Rahman

For Sale

Contact for pricing

Office and retail spaces with value-add potential in Cincinnati suburb.

Type:Office, Retail

Property size:

9,610 SF

Price / SF:

$166/SF

Added:: Jun 16, 2020
Days on Market:: 2214
Last Refresh:: Jul 2 at 6:21 am

Property Features for 10045 Springfield Pike

General Information

Standard status: Active
Size: 9,610 SF
Property subtype: Office, Retail

Building Details

Year Built: 1962

We can help!

Contact an agent

Ali Abdur-Rahman

Listing office Plum Tree Realty

Listing date Jun 16, 2020

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 Plum Tree Realty

HighLights

Prime investment opportunity in Woodlawn, Ohio.
Portfolio includes office/retail space and a sports bar.
Shares 38 parking spaces.
Newly renovated offices on the 2nd level.
New roof installed in 2021.
Value‑add opportunity to convert vacant offices into studio apartments.

Overview

Located in Woodlawn, a suburb of Cincinnati, Ohio, this property presents a commercial investment opportunity. The portfolio includes two buildings: 10045 Springfield Pike, which offers office and retail space, and 10075 Springfield Pike, which houses a sports bar. These two properties share a parking area with 38 spaces. The office spaces on the second level have been recently renovated. The roof was replaced in 2021, and the mechanical systems are reported to be in solid condition. The property offers a value-add opportunity, with the potential to convert vacant office spaces into studio apartments. The total property size is 9610 square feet.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$184.5k	$19.20
− Vacancy	−$11.1k	−$1.15
EGI	$173.4k	$18.05
− OpEx	−$43.4k	−$4.51
NOI	$130.1k	$13.54

9,610 SF · lease $19.20/SF/yr · vacancy 6.00% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.86M

$1.63M – $2.17M (±1% cap)

NOI $130,081 @ 7.0% cap · market cap 8.13%

Second Best

Office B

$1.64M

$1.43M – $1.91M (±1% cap)

NOI $114,696 @ 7.0% cap · market cap 7.17%

Theoretical Best

Office A

$2.08M

$1.82M – $2.43M (±1% cap)

NOI $145,517 @ 7.0% cap · market cap 9.09%

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

Property Profile Location Intelligence

Current Use by Public Records

Gus Cutz Barber Shop Woodlawn Juvenile Court City Courthouse Sameday service studioz Recording Studio Mazaj Smoke Shop (Bike/Boat/Book/etc) Store Christian Inn Ministries Church

Suggested Use

Location Insight

Map
Local Demand

City: Cincinnati
County: Clermont
State: Ohio
Longitude: -84.4709721
Latitude: 39.24878

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For sale
Office buildings
OH
Cincinnati
45215
10045 Springfield Pike

What type of property is this?

Office building - Office and retail spaces with value-add potential in Cincinnati suburb.

Where is this office building located?

The property is located at 10045 Springfield Pike Cincinnati, OH.

What is the asking price?

The asking price for this property is $1,600,000.

What are key features of this property?

This property features: Prime investment opportunity in Woodlawn, Ohio.; Portfolio includes office/retail space and a sports bar.; Shares 38 parking spaces.