Property profile

2800 Gilbert Ave Cincinnati, OH 45206

OFF-MARKET
Parking lots & garages
Property ID
US66-1564417
0.39 ac lot
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Cincinnati office building, located at 2800 Gilbert Avenue, offers a premier leasing opportunity. The property encompasses a total of 50,192 square feet on a 4.13-acre lot and is classified as a Class B building. Currently, a single tenant occupies 25,000 square feet, presenting a significant leasing opportunity. The building features modern, flexible office spaces designed to accommodate a variety of business needs, from traditional office setups to medical practices or executive suites. Amenities include ample on-site parking, ensuring convenient access for employees and clients. Its strategic location provides easy access to major transportation links, enhancing accessibility and commute times. The building boasts a welcoming and professional lobby, creating a positive first impression. Further enhancing convenience, an on-site kitchenette is available for tenant use. The asking rent is $4 per square foot per year, with NNN (Net, Net, Net) lease terms. This property is ideal for businesses seeking a well-maintained, conveniently located, and adaptable office space in Cincinnati's vibrant commercial district. The customizable floor plans allow for tailored spaces to meet specific business requirements, fostering a productive and enjoyable work environment. This is a rare opportunity to secure a significant footprint in a desirable location.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Lot 0.39 ac (16,814 SF)
APN 065-0002-0062-00
UPID US66-1564417

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

2800 Gilbert Ave Cincinnati, OH 45206-1206
Cincinnati metro Census 3700 CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$10.70M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$11.55M

Owner & transaction history

since 2022
Last sale
$10.4M
2 recorded transactions
2022
$10.4M
2016
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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