8075 Reading RdCincinnati, OH 45237

Property Details for 8075 Reading Rd

Year built

1963

Lot size

1.54 AC

Property size (Sq ft)

2,010 SF

Property type

Office properties

Property subtype

Office buildings

APN

600-0360-0013-00

APU

6000360001300

Description

This exceptional investment opportunity presents a 42,300 square-foot Class C executive office building situated on a 1.89-acre lot in Cincinnati, Ohio. Located at 8075 Reading Road, Hamilton County, zip code 45237 (39.2096538, -84.4493462), this property boasts an advantageous location along the Reading Road corridor, adjacent to Ronald Reagan Highway, and minutes from I-75 and I-71. Built in 1963, the building offers excellent visibility and signage potential. The asking price is $1,200,000, translating to $28.37 per square foot. The property's strategic location within a revitalizing business district promises increased property appreciation, enhanced business and retail traffic, and improved infrastructure. This presents a unique chance to capitalize on the area's upward trajectory and potentially sublet space at higher market rates. The fully occupied building is poised to become a cornerstone of this renewed commercial area. This is a rare opportunity to acquire a well-positioned office building in a rapidly developing Cincinnati neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $226,618

  6.5%

  $209,186

  7%

  $194,244

• Comparable approach

  Method

  Valuation

  Relative Method

  $249,622

  Geo Method

  $249,622

• Alternative Use

  Use

  Valuation

  Residential

  $259,391

  Hospitality

  $237,601

  Educational

  $197,681

  Medical

  $204,480

  Retail

  $307,504

Location Insight

City

Cincinnati

County

Hamilton

State

Ohio

Latitude

39.2097

Longitude

-84.4495

CBSA code

17140

CBSA name

CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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