Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1-38 Triangle Park Dr Cincinnati, OH 45246
    Back to Search
    Property profile & analytics

    1-38 Triangle Park Dr, Cincinnati, OH 45246

    View on Map
    • Specialty properties
    • 200,000 SF
    • 25.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Herman Legal Group, LLC / Law Firm

    Property Details for 1-38 Triangle Park Dr

    Year built
    1965
    Lot size
    25.00 lot acres
    Property type
    Specialty properties
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional Cincinnati office property, located at 1-38 Triangle Park Dr, offers 200,000 square feet of versatile space across 38 buildings. The property features a mix of traditional, executive, coworking, medical, and creative office suites, with sizes ranging from 250 to 6,750 contiguous square feet. Multiple tenancy options are available within this Class B building, constructed in 1965 and extensively renovated in 2019. The single-story buildings boast 10-foot ceilings and ample natural light. Amenities include 300 parking spaces, convenient access to I-75 and I-275, and attractive park-like grounds with walking trails and a fitness center complete with a sauna. Additional features include picnic areas, loft-style office designs with exposed brick, barn-style doors, and glass-enclosed offices and conference rooms. Modern conveniences such as LED lighting, solar shades, and electronic card key access are also provided. The property includes community kitchens, complimentary office furniture, and weekly treats. On-site storage is available. Located in Hamilton County's Sharonville submarket (zip code 45246), this property offers a compelling combination of functionality, convenience, and attractive lease incentives, including 50% off rent for one month (25-month lease) or two months (60-month lease). Property taxes are $0.08 per square foot. The zoning is commercial, and the property sits on 25 acres of land.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.4474
    Latitude
    39.2898

    Comparable in this City

    • Value Estimation by Request
      5,580 SF

      440 Ray Norrish Dr

      Medical Office Space
      440 Ray Norrish Dr, Springdale, OH 45246
      View Details
    • Value Estimation by Request
      4,770 SF

      11497 Springfield Pike

      MEDICAL BUILDING
      11497 Springfield Pike, Cincinnati, OH 45246-3551
      View Details
    • Value Estimation by Request
      2,904 SF

      Sheraton Ln

      MEDICAL BUILDING
      Sheraton Ln, Cincinnati, OH 45246
      View Details
    • Value Estimation by Request
      0.66 Acres

      12115 Sheraton Ln

      MEDICAL BUILDING
      12115 Sheraton Ln, Cincinnati, OH 45246-1613
      View Details
    • Value Estimation by Request
      1,965 SF

      11729 Springfield Pike

      MEDICAL BUILDING
      11729 Springfield Pike, Cincinnati, OH 45246-2311
      View Details
    • Value Estimation
      $2,610,000
      1,052 SF

      315 Kemper Rd

      MEDICAL BUILDING
      315 Kemper Rd, Cincinnati, OH 45246-3003
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,915 SF

      High-Visibility Commercial Building in Sharonville

      Commercial building suitable for retail, office, restaurant, or service-based businesses.
      11483 Chester Rd, Cincinnati, OH 45246
      View Details
    • Contact for pricing
      5,180 SF

      Visible Office Space Available

      General office space with private offices and exterior signage.
      12124 Sheraton Ln, Springdale, OH 45246
      View Details
    • Contact for pricing
      43,071 SF

      Former Restaurant Space on Springfield

      2,380 SF former restaurant space with high traffic counts.
      11530-11596 Springfield Pike, Cincinnati, OH 45246
      View Details
    • Contact for pricing
      43,349 SF

      Springdale Office Space Available

      Office space for rent with convenient highway access.
      111 Merchant St, Springdale, OH 45246
      View Details
    • Contact for pricing
      16,800 SF

      Restaurant Space with Outdoor Deck

      Equipped restaurant space with outdoor seating and ample parking.
      12185 Springfield Pike, Cincinnati, OH 45246
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      OH, Cincinnati - Chester Rd

      Discover many ways to work your way in OH, Cincinnati - Chester Rd
      11260 Chester Rd, Cincinnati, OH 45246
      View Details
    • Contact for pricing

      Global Network Tailored Office Space

      Tailored office spaces with flexible working plans and meeting rooms.
      11260 Chester Rd, Cincinnati, OH 45246
      View Details
    • Contact for pricing
      8,000 SF

      West Chester Flex R&D Space

      Flex R&D space available for lease in West Chester.
      9900-9970 Princeton Glendale Rd, West Chester, OH 45246
      View Details
    • Contact for pricing

      Retail/Office Space Near I-275

      Retail and office spaces available near I-275.
      11770 Springfield Pike, Cincinnati, OH 45246
      View Details
    • Contact for pricing
      7,466 SF

      Class A Office Building

      Premier office space with garage parking in Cincinnati, OH.
      225 Pictoria Dr, Cincinnati, OH 45246
      View Details
    • Contact for pricing
      72,000 SF

      New Office Space Available

      72,000 SF custom office space with highway visibility.
      175-185 Progress Pl, Cincinnati, OH 45246
      View Details
    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.
    1-38 Triangle Park Dr
    Cincinnati, OH 45246
    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
    1-38 Triangle Park Dr, Cincinnati, OH, 45246
    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!