Property profile

540 Northland Blvd Cincinnati, OH 45240

OFF-MARKET
Flex space
Property ID
US66-1266004
7,301 SF 0.8 ac lot Built 1975
Entity Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional free-standing property, located at 540 Northland Blvd in Forest Park, Ohio (Hamilton County, zip code 45240), offers a total of 14,900 square feet of flexible commercial space. Currently, the entire building is vacant and available for lease. The property is classified as both office and industrial, with a flex/warehouse subtype, making it ideal for a variety of businesses. The building sits on a substantial 83,101 square foot lot. Three separate spaces are available, each ranging from approximately 7,300 to 7,500 square feet. The minimum divisible space is 7,400 square feet, while the maximum contiguous space available is 7,500 square feet. This presents a unique opportunity for businesses seeking a versatile and spacious location in a convenient Forest Park setting. The property's design incorporates a front office area and a rear warehouse area, providing ample space for both administrative functions and storage or production needs. This prime location offers excellent accessibility and visibility, making it an attractive option for companies seeking a strong presence in the Cincinnati metropolitan area. The property is owned by Gator Investments.

Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1975
Total area 7,301 SF
Lot 0.8 ac (34,979 SF)
APN 591-0001-0094-00
UPID US66-1266004

Cap rate & NOI

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

Location

540 Northland Blvd Cincinnati, OH 45240-3213
Cincinnati metro Census 21504 CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 2016
3 recorded transactions
2023
Price N/A
2016
$2.5M
2013
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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