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5394 State Route 48 2,158 SF Office Building Maineville, OH 45039 $850,000 ($393.88/SF) 10.59% Cap Rate
Investment Highlights
- Annual Net Operating Income: $90,000
- Remaining Lease Term: Through September 2029
- Modern Construction: Recently developed asset with limited near-term capital expenditure requirements
- Cap Rate: 10.59%
- Building Size: 2,158 Square Feet
Executive Summary
3CRE is pleased to present 5394 OH-48, a single-tenant net lease investment opportunity located in Maineville, Ohio. Constructed in 2019, the 2,158-square-foot property is leased to a corporate-backed tenant with a current lease term extending through September 2029, providing investors with stable, predictable cash flow. The asset generates an annual Net Operating Income of $90,000 and is offered at a 10.59% cap rate, making it an attractive opportunity for investors seeking long-term income with minimal management responsibilities.
Strategically positioned along State Route 48, one of the area's primary north-south thoroughfares, the property benefits from strong visibility and consistent traffic within the rapidly growing Maineville market. Located in the affluent northeast Cincinnati suburbs, the asset is surrounded by expanding residential developments, established retail corridors, and a strong consumer base. Its proximity to major regional destinations and continued population growth supports long-term tenant performance and enhances the property's investment appeal.
Strategically positioned along State Route 48, one of the area's primary north-south thoroughfares, the property benefits from strong visibility and consistent traffic within the rapidly growing Maineville market. Located in the affluent northeast Cincinnati suburbs, the asset is surrounded by expanding residential developments, established retail corridors, and a strong consumer base. Its proximity to major regional destinations and continued population growth supports long-term tenant performance and enhances the property's investment appeal.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
2,158 SF
Building Class
A
Year Built
2019
Price
$850,000
Price Per SF
$393.88
Cap Rate
10.59%
NOI
$90,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,158 SF
Building FAR
0.08
Lot Size
0.59 AC
Zoning
C
Parking
8 Spaces (3.71 Spaces per 1,000 SF Leased)
Amenities
- Central Heating
- Natural Light
- Air Conditioning
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 16-06-276-002 | Improvements Assessment | $148,440 |
| Land Assessment | $67,850 | Total Assessment | $216,290 |
Property Taxes
Parcel Number
16-06-276-002
Land Assessment
$67,850
Improvements Assessment
$148,440
Total Assessment
$216,290
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