Property profile

903 Washington Blvd Hamilton, OH 45013

OFF-MARKET
Office buildings
Property ID
US66-5583750
18,872 SF 2.52 ac lot Built 1995
Individually Owned 6-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1.835-acre commercial property, located at 903 NW Washington Blvd in Hamilton, Ohio (Butler County, zip code 45013), presents a unique investment opportunity. Priced at $350,000, this translates to $191,000 per acre, reflecting the land's significant value in a rapidly developing commercial area. The property is zoned for Business Planned Development (BPD), offering considerable flexibility for various commercial uses, including retail and office spaces. The site boasts a flat topography, an existing curb cut, and readily available utilities, simplifying development and operational costs. Its strategic location provides excellent visibility and accessibility, benefiting from proximity to major retailers and restaurants such as Kroger, Meijer, Walmart, Lowe's, Chipotle, Texas Roadhouse, and Raising Cane's. The property's APN is P6411137000031. This prime location and versatile zoning make this an ideal investment for developers and businesses seeking a high-traffic, well-established commercial area. The property's latitude and longitude coordinates are 39.42592 and -84.5882816 respectively. This is a rare opportunity to acquire a substantial commercial parcel in a thriving Ohio market.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1995
Total area 18,872 SF
Lot 2.52 ac (109,641 SF)
APN P6411-137.000-030
UPID US66-5583750

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
  • Pediatrician Physician
  • Pediatrician Physician
  • Physician
  • Physician
  • Pediatrician Medical Clinic

Location

903 Washington Blvd Hamilton, OH 45013-6386
Hamilton metro Census 1002 CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.97M
Blend (final) Blend
$1.92M

Owner & transaction history

since 2019
1 recorded transaction
2019
$3.1M

Zoning & alternative use

Top alternative use upside
Medical building $2.1M +65.2%
Neighborhood: shopping center $2.1M +61.3%
Auto repair, garage $2.0M +51.9%

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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