400 Business Way Sharonville, OH 45241
- Office buildings
Current Use by Public Records
- Information Builders - Cincinnati Region / Software Company
- Shoptech Software / Software Company
- Ricoh USA Inc / Fax Service / Print Shop
- 1819 Wealth Advisors of Raymond James / Financial Planner
Property Details for 400 Business Way
- Property type
- Office buildings
- APN
- 608-0033-0054-00
- APU
- 6080033005400
Description
Summit Woods IV, a Class A office building located at 400 E Business Way in Sharonville, Ohio (zip code 45241), offers a variety of flexible office spaces ideal for businesses of all sizes. This four-story building, totaling 109,000 square feet, underwent a major renovation in 2022, boasting updated lobbies, common areas, a tenant lounge, fitness center, and conference center. The property is situated in the Blue Ash submarket and Hamilton County, offering convenient access to major transportation routes. Multiple tenancy options are available, with spaces ranging from 4,106 to 16,967 contiguous square feet, and a total of 33,886 square feet currently vacant. The building was originally constructed in 2016 and features ample parking, providing 5 spaces per 1,000 square feet of leased space at no additional cost to tenants. The minimum divisible space is 16,967 square feet. This property presents a unique opportunity for businesses seeking modern, well-maintained office space in a prime location. The building's diverse suite sizes and amenities cater to a wide range of business needs, from traditional office setups to executive suites, medical offices, and creative workspaces. The building's Class A designation reflects its high-quality construction and finishes.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $24,550,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $22,595,000
- 6.5%
- $22,425,000
- 7%
- $20,730,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $22,215,000
- Geo Method
- $22,890,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $18,590,000
- Retail
- $19,730,000
- Mixed-Use
- $22,960,000
- Hospitality
- $23,375,000
- Educational
- $18,685,000
- Residential Income
- $23,845,000
- Energy
- $19,540,000
- Income-Based Land
- $24,735,000
- Food Service
- $24,440,000
Location Insight
- Map
- Local Demand
- City
- Cincinnati
- County
- Hamilton
- State
- Ohio
- Longitude
- -84.3653
- Latitude
- 39.2857
- CBSA code
- 17140
- CBSA name
- CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA