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Property profile & analytics
OFF-MARKET Estimated value $2,800,000
Strip malls

9880 Colerain Ave 9908 Cincinnati, OH 45251-1401

32,692 SF 3.14 ac lot Built 1978
Entity Owned 12-yr Hold ~ Est. High Equity
Property ID
US66-3306391
Property summary
AI-generated overview

Central Plaza offers 2,400 square feet of prime retail space available for lease in a bustling Hamilton County location. Situated on high-traffic Colerain Avenue, directly across from Stone Creek Towne Center, this property boasts exceptional visibility and accessibility. The available space is currently vacant and can be configured to suit a variety of retail or office uses. The center enjoys a strong tenant mix, including national brands like Hobby Lobby, Outback Steakhouse, and Verizon, ensuring a steady flow of customers. Other nearby businesses include Porter Paint, Central Liquors, Neptune Eye, Merry Maids, A Better Life Chiropractic, Minuteman Press, Huntington Learning, Crown Travel, and Bob Evans. The property offers highly visible signage opportunities along Colerain Avenue, maximizing exposure to the over 35,000 vehicles passing daily on US Highway 27. The lease rate is $18.00 per square foot, triple net (NNN), with an additional $4.50 per square foot for operating expenses. Individual unit sizes range from 1,178 to 4,499 square feet, providing flexibility for various business needs. This is an exceptional opportunity to establish a presence in a thriving commercial center.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1978
Total area 32,692 SF
Lot 3.14 ac (136,909 SF)
APN 510-0111-0281-00
UPID US66-3306391
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
  • Outback Steakhouse Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.83M
Blend (final) Blend
$2.80M
Owner & transaction history
Cp Colorado LLC · 12 yrs held
Cp Colorado LLC
since 2014
4 recorded transactions
2016
Price N/A
2014
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $3.8M +33.9%
Office building $3.5M +22.4%
Retail stores $3.1M +10.6%
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