4-Unit Flex Building w/ Value-Add – Springfield… — Sale in Cincinnati, OH

  • Price: $225K
  • Listing type: For sale
  • Asset type: Business
  • Location: Cincinnati, OH 45216
  • Size: 3,974 SF
  • Year built: 1984

Investment Figures

Cap rate
13.24%
Price per square foot
$57
Price per unit
$56,250 across 4 units

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

This fully leased, multi-tenant flex building offers stable in-place income and long-term upside for investors seeking small-bay commercial exposure in a high-demand corridor of Springfield Township. The 3,794 SF building is configured into four suites of approximately 950–990 SF each, occupied by a diverse mix of service-oriented and specialty users. Each unit includes a private restroom and is separately metered for electric and water, supporting efficient operations and simplified expense allocation. Recent capital improvements include a brand-new roof installed in 2024 ($25,000) and updated electrical systems. The property is positioned for continued cash flow with minimal near-term capital requirements. Due to site configuration and adjacent property improvements, the suites function as flex studio / service-commercial spaces rather than traditional drive-in garage bays, making the asset best suited for investors comfortable with non-traditional tenant profiles. With an in-place NOI of $29,800 , B-2 zoning allowing a wide range of commercial uses, and strong demand for small-format commercial space in the submarket, this property presents an opportunity for buyers seeking yield, stability, and future repositioning potential. Building SF: 3974 | Year Built: 1984 | Listing Type: FOR SALE

Market Context

This commercial property in Cincinnati, OH is listed for sale at $225,000 across 3,974 SF ($57/SF). It is offered at an approximate 13.2% capitalization rate, a key benchmark for income-producing commercial property assets. The building dates to 1984. It has been on the market for 70 days. Compare it against other commercial property listings for sale in Cincinnati, OH — view the full market.

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