Property profile

8790 Governors Hill Dr Cincinnati, OH 45249

FOR SALE
Office buildings
Property ID
US66-2373567
5 ac lot Built 1985
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a vacant, three-story Class B office building totaling 59,616 square feet, situated on a 5-acre lot in Cincinnati, Ohio. Built in 1985 and renovated in 2020, the property boasts a desirable location with convenient access to I-71 via exit 19, offering excellent visibility and accessibility. The building features a typical floor size of 19,872 square feet, abundant natural light, and ample parking with over 206 spaces (a 4.43 parking ratio). The property is zoned OO and includes one building with three stories. The asking price is $3,900,000, translating to $65.42 per square foot. Currently vacant, this presents a unique chance for immediate repositioning and lease-up. Short-term, full-service gross lease options may be available. The property's location within a mixed-use campus further enhances its appeal and potential. The Hamilton County address is 8790 Governors Hill Dr, Cincinnati, OH 45249. The APN is 620-0202-0029-00. This is a compelling opportunity for investors seeking a significant presence along a major transportation artery.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1985
Lot 5 ac (217,800 SF)
APN 620-0202-0029-00
UPID US66-2373567

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
  • Financial Advisor
  • Industrial Manufacturer Factory
  • Loan Service
  • Publishing House
  • Corporate Office

Location

8790 Governors Hill Dr Cincinnati, OH 45249
Cincinnati metro Census 24301 CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$355k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$355k

Owner & transaction history

since 2026
4 recorded transactions
2026
$1.3M
2017
Price N/A
2015
$2.5M
2002
$9,500

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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