9024 Colerain Ave, Cincinnati, OH 45251-2402
- Automotive properties
- 2,100 SF
- 0.82 lot acres
Current Use by Public Records
- Automotive properties
Property Details for 9024 Colerain Ave
- Year built
- 1980
- Lot size
- 0.82 lot acres
- Property type
- Automotive properties
- APN
- 510-0104-0111-00
- APU
- 5100104011100
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 6, 2025 | $1,660,000 | Maple Colerain LLC | 9024 Colerain LLC | Deed | — |
| Oct 6, 2025 | — | Valoline LLC | 9024 Colerain LLC | Deed | — |
| Sep 30, 2024 | — | Valcoline LLC | 9024 Colerain LLC | Deed | — |
| Jun 15, 2023 | $1,125,000 | 9024 Colerain LLC | Mccluskey Chevrolet INC | Limited Warranty Deed | — |
| Jun 1, 2021 | — | Mccluskey Chevrolet INC | — | Deed · related | $4.7M · Fifth Third Bank NA |
| Feb 25, 2020 | — | Mccluskey Chevorlet INC | — | Deed · related | $5M · Fifth Third Bank |
| Nov 19, 2019 | — | Mccluskey Chevrolet INC | — | Grant Deed · related | $7.8M · Fifth Third Bk |
| Sep 22, 2010 | $838,618 | Mccluskey Chevrolet INC | Sieve,jon H | Grant Deed | — |
| Oct 18, 2002 | — | Ohio State | Steve,jon H | Grant Deed · related | — |
| — | — | Mccluskey Chevrolet INC | — | Deed Of Trust · related | $5M · Fifth Third Bk NA |
| — | — | Jon Sieve | — | Deed Of Trust · related | $220k · Huntington National Bank |
| — | — | Jon Sleve | — | Deed Of Trust · related | $456k · Huntington National Bank |
Description
This exceptional investment opportunity presents a brand-new, 15-year NNN ground lease for a Valvoline auto shop located at 9024 Colerain Ave, Cincinnati, OH 45251. The 2,089 square foot building, constructed in 2024, sits on a 0.82-acre lot and boasts a 100% occupancy rate. The lease includes four five-year renewal options, each with a 10% rent increase. This translates to a substantial $95,000 annual net operating income (NOI) and a 5.55% cap rate, based on the $1,712,000 asking price. The property benefits from a corporate guarantee from Valvoline Inc. (NYSE: VVV), minimizing landlord responsibilities. Colerain Avenue is a major north-south arterial and retail corridor in Northern Cincinnati, experiencing high traffic counts (45,939 ADT) and surrounded by strong demographics. Within a one-mile radius, average household income exceeds $93,400, with nearly 5,000 housing units. The location's proximity to major interstates ensures excellent accessibility. This is a low-maintenance, high-return investment with built-in rent growth protection against inflation. The property's APN is 510-0104-0111-00.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $1,115,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $629,000
Market price range: $139k - $630k
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Cincinnati
- County
- Hamilton
- State
- Ohio
- Longitude
- -84.5912
- Latitude
- 39.2354
- CBSA code
- 17140
- CBSA name
- CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA
