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3860 Race Rd 753 - 1,272 SF Condo Units Offered at $149,900 - $225,000 Per Unit in Cincinnati, OH 45211
Investment Highlights
- Less than five minutes from various retailers such as Walgreens, Subway, and Taco Bell
Executive Summary
Finished office space in brick office building. Price includes income from existing lease tenant.
2 Units Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | No. Parking Spaces | 40 |
| Cap Rate | 7.93% | APN/Parcel ID | 550-0121-0661-00 |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.93% |
| No. Parking Spaces | 40 |
| APN/Parcel ID | 550-0121-0661-00 |
Description
Beautiful finishes in the office condo with two private offices, large reception and conference area, mailing and refreshment center, and a separate private outside entrance to the suite.
Sale Notes
Perfect space for professional office or medical use.
| Sale Type | Investment or Owner User | No. Parking Spaces | 40 |
| Cap Rate | 8.95% | APN/Parcel ID | 550-0121-0657-00 |
| Sale Type | Investment or Owner User |
| Cap Rate | 8.95% |
| No. Parking Spaces | 40 |
| APN/Parcel ID | 550-0121-0657-00 |
Description
Office condo in elevator building with 4 private offices, reception area, break room, conference area, and private restroom. Space under lease with same tenant since 04/01/18 and current lease expires 3/31/28 unless renewed again.
Sale Notes
Sale includes lease tenant income until at least 03/31/2028
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 104 | 753 SF | Office/Medical | $149,900 ($199.07/SF) | $11,891.50 |
| Unit 203 | 1,272 SF | Office | $225,000 ($176.89/SF) | $20,129 |
Unit 104
| Unit Size |
| 753 SF |
| Condo Use |
| Office/Medical |
| Price |
| $149,900 ($199.07/SF) |
| NOI |
| $11,891.50 |
Unit 203
| Unit Size |
| 1,272 SF |
| Condo Use |
| Office |
| Price |
| $225,000 ($176.89/SF) |
| NOI |
| $20,129 |
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Unit 104
| Unit Size | 753 SF |
| Condo Use | Office/Medical |
| Price | $149,900 ($199.07/SF) |
| NOI | $11,891.50 |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.93% |
| No. Parking Spaces | 40 |
| APN/Parcel ID | 550-0121-0661-00 |
| Description | |
| Beautiful finishes in the office condo with two private offices, large reception and conference area, mailing and refreshment center, and a separate private outside entrance to the suite.</li></ul> | |
| Sale Notes | |
| Perfect space for professional office or medical use.</li></ul> |
1 of 0
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 203
| Unit Size | 1,272 SF |
| Condo Use | Office |
| Price | $225,000 ($176.89/SF) |
| NOI | $20,129 |
| Sale Type | Investment or Owner User |
| Cap Rate | 8.95% |
| No. Parking Spaces | 40 |
| APN/Parcel ID | 550-0121-0657-00 |
| Description | |
| Office condo in elevator building with 4 private offices, reception area, break room, conference area, and private restroom. Space under lease with same tenant since 04/01/18 and current lease expires 3/31/28 unless renewed again.</li></ul> | |
| Sale Notes | |
| Sale includes lease tenant income until at least 03/31/2028</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 16,000 SF | Typical Floor Size | 8,000 SF |
| Property Type | Office | Year Built | 2007 |
| Property Subtype | Medical | Lot Size | 0.96 AC |
| Building Class | A | Parking Ratio | 2.5/1,000 SF |
| Floors | 2 | ||
| Zoning | OO - Office, Medical Office, Professional | ||
| Total Building Size | 16,000 SF |
| Property Type | Office |
| Property Subtype | Medical |
| Building Class | A |
| Floors | 2 |
| Typical Floor Size | 8,000 SF |
| Year Built | 2007 |
| Lot Size | 0.96 AC |
| Parking Ratio | 2.5/1,000 SF |
| Zoning | OO - Office, Medical Office, Professional |
Amenities
- Controlled Access
- Signage
- Drop Ceiling
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Fairly bikeable
50/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Presented by
For-Most Properties LLC
3860 Race Rd
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