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Property profile & analytics
FOR LEASE
Medical Office Space
872 Ohio Pike Cincinnati, OH 45245
Entity Owned
11-yr Hold
Free & Clear
Property ID
US66-1620593
For Lease
1 / 80
$16 SF/Yr
872 Ohio Pike, Cincinnati, OH 45245
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Property summary
AI-generated overview
This fee-simple property at 872 Ohio Pike, Cincinnati, OH 45245, presents a unique owner-user or redevelopment opportunity. The 5,954 square foot, single-story building, constructed in 1994, sits on a substantial 2.88-acre lot with N1 Business Zoning. The property boasts 48 parking spaces and enjoys high visibility on Ohio Pike, a major thoroughfare with over 42,000 vehicles per day. The building's recent roof replacement includes a 50-year warranty. This location benefits from strong demographics, including a population exceeding 109,000 and average household incomes over $97,000 within a five-mile radius. The oversized lot offers significant value-add potential through land parceling, making it ideal for expansion or development of additional commercial or medical space. The asking price is $1,100,000. This is a prime investment for those seeking a combination of existing income and future development potential in a high-traffic, affluent area of Clermont County.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1994
Construction
BRICK
Total area
5,954 SF
Lot
2.88 ac (125,279 SF)
APN
41-32-19.-026
UPID
US66-1620593
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
-
Dr. Noor U. Hassan, MD Physician
-
Eastside Urgent Care Medical Clinic
-
Dr. Bhadra Parikh, MD Pediatrician Physician
-
Premier Vein Center Inc Medical Clinic Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$783k
Blend (final)
Blend
$710k
Owner & transaction history
Hathi Investments LLC · 11 yrs held
Hathi Investments LLC
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+57.9%
Restaurant
$990,000
+43.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cincinnati submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cincinnati submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$690,000
Current use
AUTO REPAIR, GARAGE
$1,090,000
Change: +58% · Conversion: Difficult
RESTAURANT
$990,000
Change: +43% · Conversion: Difficult
OFFICE BUILDING
$630,000
Change: -9% · Conversion: Easy
RETAIL STORES
$570,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$710k
Range $639k – $781k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$119 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$17,353
Tax year 2023
Assessed value
$254,380
Assessed 2023
Previous assessed
$254,380
+0.0% YoY
Effective rate
6.82%
On assessed value
Assessed land
$110,600
Assessed improvement
$143,780
Land market value
$316,000
Improvement market value
$410,800
Total market value
$726,800
Applied tax rate
41.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1994
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
9
Bathrooms
1
Total area
5,954 SF
Lot
2.88 ac (125,279 SF)
APN
41-32-19.-026
UPID
US66-1620593
Jurisdiction
CLERMONT
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$690,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
RESTAURANT
Est. value
$990,000
OFFICE BUILDING
Est. value
$630,000
RETAIL STORES
Est. value
$570,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1994
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
9
Bathrooms
1
Lot
2.88 ac
Current owner
From public records · entity-resolved
Hathi Investments LLC
Entity
Free & Clear · 11 yrs held
Mailing address
3444 W LEGENDARY RUN, CINCINNATI, OH 45245-3358
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2024
—
Hathi Investments LLC
—
Deed
related
$485,000 · Stock Yards Bank & Trust Co
Jul 28, 2020
—
Hathi Inv LLC
—
Deed
related
$400,000 · Stockyard Bk&tr
Nov 29, 2018
—
Hathi Investments LLC
—
Deed
related
$400,000 · Stockyard Bk&tr
Aug 18, 2014
—
Hathi Investments LLC
Welden,tasnim
Quit Claim Deed
related
—
Oct 28, 2009
—
Tasnim Welden
Welden,scott W
Quit Claim Deed
related
—
Nov 23, 2004
$700,000
Scott W Welden
Idcc Properties LLC
Warranty Deed
$375,500 · First Safety Bank
—
—
Hathi Investments LLC
—
Deed Of Trust
related
$400,000 · Stockyard Bk&tr
—
—
Hathi Inv LLC
—
Deed Of Trust
related
$400,000 · Stockyard Bk&tr
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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