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Property profile & analytics
OFF-MARKET
Banks

10205 Reading Rd Cincinnati, OH 45241-3111

2.08 ac lot
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US66-0968580
Property summary
AI-generated overview

This exceptional Class A office building, totaling 13,928 square feet, presents a compelling investment opportunity. Currently 100% occupied by the Social Security Administration (SSA) under a modified lease with a remaining term of approximately four years, the lease commenced February 24, 2023, and extends to February 28, 2035. Built in 2009 as a build-to-suit for SSA and boasting LEED Gold certification, the property features a single-story structure on a 2.08-acre lot in Cincinnati, Ohio (45241). The asking price is $5,155,000, representing a compelling cap rate of 7.15% with a Net Operating Income (NOI) of $368,571. The property benefits from built-in rent bumps every two years, providing consistent income growth. Strategically located on Reading Road, with high daily traffic volume (16,772 vehicles), and within 1.5 miles of I-75, the building enjoys excellent visibility and accessibility. Its prime location is further enhanced by proximity to major retailers (Walmart, Menards, Starbucks, etc.) and significant employers (GE Aerospace, with over 7,500 employees). The strong demographics of the area, with a population exceeding 166,800 within a 5-mile radius and an average household income of $186,000 within 1 mile, contribute to the property's long-term value. The SSA's presence as an S&P rated AA+ investment-grade tenant ensures stability and security. This is a rare opportunity to acquire a high-quality, stabilized asset with a strong tenant and significant upside potential.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Lot 2.08 ac (90,605 SF)
APN 611-0020-0408-00
UPID US66-0968580
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Social Security Office Federal Government Office
  • Social Security Administration Social Security Office Government Office
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Shalmil LLC · 8 yrs held
Shalmil LLC
since 2017
2 recorded transactions
2017
$4.4M
2009
$1.6M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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