Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2200 Victory Pkwy Cincinnati, OH 45206
    Back to Search
    Property profile & analytics

    2200 Victory Pkwy, Cincinnati, OH 45206

    View on Map
    • Office Spaces
    • 1,029 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dr. Amy R. Mechley, MD / Pediatrician / Physician
    • Your Gifts 2 Go / (Bike/Boat/Book/etc) Store
    • Carole Stokes-Brewer, PHD / Physician
    • LINDA E HILL / Foster Care Service / Social Service Agency
    • Edgecliff Condominium Owners Association / Condominium Complex

    Property Details for 2200 Victory Pkwy

    Year built
    1966
    Property type
    Office Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional 1,029 square foot office condo is located in the prestigious Edgecliff Private Residences in Cincinnati, Ohio. Situated on the 5th floor, this unit offers a prime location just four minutes from downtown Cincinnati and twelve minutes from Cincinnati/Northern Kentucky International Airport (CVG). Built in 1966 and extensively renovated in 2018, this Class B property boasts abundant natural light from windows that open, providing a bright and comfortable workspace. The unit is currently 100% occupied and features a private bathroom—a unique amenity in this building. The building itself offers secure parking and is conveniently located near the Le Bar a Beouf restaurant. This is a single-unit building with one story. The condo is part of a mixed-use building with several other office spaces, creating a vibrant and professional atmosphere. The asking price is $150,000, translating to $145.77 per square foot. All utilities are included in the monthly HOA fee of $950. The property is being sold as an owner-user investment opportunity and is available for occupancy on August 19, 2024. This unique office space offers a blend of historical charm and modern updates, making it an ideal investment for a variety of businesses. The unit has access from both the parking lot and the interior hallway. This was the original developer's office when the building was constructed.

    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
    -84.4858
    Latitude
    39.1201

    Comparable in this City

    • Value Estimation by Request
      4,780 SF

      2847 Woodburn Ave

      Medical Office Space
      2847 Woodburn Ave, Cincinnati, OH 45206
      View Details
    • Value Estimation by Request
      4,780 SF

      2835-2841 Woodburn Ave

      Restaurants
      2835-2841 Woodburn Ave, Cincinnati, OH 45206
      View Details
    • Value Estimation
      $1,020,000
      9,975 SF

      2805 Gilbert Ave

      MEDICAL BUILDING
      2805 Gilbert Ave, Cincinnati, OH 45206-1210
      View Details
    • Value Estimation by Request
      1,350 SF

      645 Mcmillan St

      MEDICAL BUILDING
      645 Mcmillan St, Cincinnati, OH 45206-1928
      View Details
    • Value Estimation by Request
      8,334 SF

      3036 Woodburn Ave

      MEDICAL BUILDING
      3036 Woodburn Ave, Cincinnati, OH 45206-1416
      View Details
    • Value Estimation by Request
      0.16 Acres

      644 Mcmillan St

      MEDICAL BUILDING
      644 Mcmillan St, Cincinnati, OH 45206
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,099 SF

      Mixed-Use Investment Opportunity

      Turnkey mixed-use property in Walnut Hills with recent improvements.
      2340 Laredo Ave, Cincinnati, OH 45206
      View Details
    • Contact for pricing
      7,058 SF

      Creative Space in Walnut Hills

      7,058 SF creative space in historic Walnut Hills.
      1050 E Mcmillan St, Cincinnati, OH 45206
      View Details
    • New
      $629,000
      4,099 SF

      Mixed-Use Investment in Walnut Hills

      Turnkey mixed-use property with income potential in Cincinnati, OH.
      2340 Laredo Ave, Cincinnati, OH 45206
      View Details
    • Contact for pricing

      Walnut Hills Commercial Space

      Commercial space suitable for office or retail use.
      3011 Park Ave, Cincinnati, OH 45206
      View Details
    • Contact for pricing
      3,779 SF

      Versatile Mixed-Use Building in Cincinnati

      Adaptable mixed-use building in a thriving Cincinnati location.
      1601 Dexter Ave, Cincinnati, OH 45206
      View Details
    • Contact for pricing
      Pending

      Walnut Hills Commercial Space

      783 sqft commercial space in walkable Walnut Hills.
      648 E Mcmillan St, Cincinnati, OH 45206
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Restaurant and Retail/Office Space

      Second generation restaurant and retail/office space available for rent.
      2847 Woodburn Ave, Cincinnati, OH 45206
      View Details
    • Contact for pricing
      1,616 SF

      Historical Office Space For Rent

      Unique office destination with natural light and exposed brick.
      2245 Gilbert Ave, Cincinnati, OH 45206
      View Details
    • Contact for pricing
      2,055 SF

      East Walnut Hills Corner Space

      Former café and doctor's office in vibrant East Walnut Hills.
      2835-2847 Woodburn Ave, Cincinnati, OH 45206
      View Details
    • Contact for pricing
      42,000 SF

      Premier Class A Office Space

      Class A office space near Cincinnati Business District available for rent.
      640 Eden Park Dr, Cincinnati, OH 45206
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office space for lease at 2368 Victory Parkway.
      2368 Victory Pkwy, Cincinnati, OH 45206
      View Details
    • Contact for pricing

      Modern Office Space Available

      Premier leasing opportunity with flexible office spaces in Cincinnati, OH.
      2800 Gilbert Ave, Cincinnati, OH 45206
      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.
    2200 Victory Pkwy
    Cincinnati, OH 45206
    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
    2200 Victory Pkwy, Cincinnati, OH, 45206
    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!