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Property profile & analytics
FOR LEASE
Office buildings

50 E Business Way Cincinnati, OH 45241

5.98 ac lot
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US66-2032437
Property summary
AI-generated overview

This Hamilton County, Ohio office building, Summit Woods III, offers multiple tenancy options in a prime Cincinnati location at 50 E Business Way, 45241. The building boasts a total of 110,000 square feet, featuring efficient floorplates of 27,500 square feet each. Spaces currently available range from 2,766 to 7,137 square feet. Building highlights include 10-foot finished ceilings, a 45-foot column-free clear span, and a generous 5 per 1,000 SF parking ratio. Monument signage ensures high visibility. The property enjoys exceptional accessibility, situated just one minute from I-275 and the Reed Hartman Interchange. The current asking rate is $14.50 per square foot net, with operating expenses of $8.25 per square foot. A significant million-dollar renovation is underway, scheduled for completion in November 2022. Upgrades encompass exterior renovations, parking lot resurfacing, landscaping enhancements, façade improvements, a two-story atrium lobby and common area revitalization, a new tenant lounge, café, conference center, and fitness center, as well as restroom renovations.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Lot 5.98 ac (260,489 SF)
APN 608-0033-0040-00
UPID US66-2032437
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
  • Clarify Wealth Management Inc Financial Advisor
  • KPI Solutions (Bike/Boat/Book/etc) Store Corporate Office
  • Brixey & Meyer, Inc. Accounting Firm Tax Preparation
  • Hylant Insurance Agency
  • FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$22.85M
Owner & transaction history
Sort Summit Woods LLC · 4 yrs held
Sort Summit Woods LLC
since 2022
Last sale
$22.0M
4 recorded transactions
2022
$22.0M
2019
Price N/A
2017
Price N/A
2006
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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