Kemper Meadow Office/Flex — Sale in Forest Park, OH

  • Price: $790K
  • Listing type: For sale
  • Asset type: Office
  • Location: Forest Park, OH 45240
  • Size: 13,800 SF
  • Year built: 1989

Investment Figures

Cap rate
6.94%
Price per square foot
$57
Price per unit
$263,300 across 3 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 opporutnity is partially occupied 13,800 SF multi-tenant office / daycare / flex property located within Kemper Meadows Office Park at 1259 Kemper Meadow Drive in Cincinnati, Ohio. Offered at $900,000 , the property presents investors and owner-users with a compelling opportunity to acquire an income-producing suburban office asset with additional upside through lease-up of the remaining vacancy. The building is currently approximately 80% occupied and includes two income-producing suites totaling approximately 11,056 SF . The largest tenant occupies approximately 8,092 SF and operates as a childcare facility with an established layout including multiple classrooms, offices, restrooms, kitchen prep area, and support spaces. A second tenant occupies approximately 2,964 SF . A 2,744 SF vacant suite remains available for lease-up, creating a clear value-add opportunity for investors seeking to increase income and stabilize the asset. The property benefits from a functional single-story configuration suitable for a variety of uses including office, educational, daycare, service, and flex-oriented tenants. Additional features include approximately 45 surface parking spaces , five newer A/C units , and an HOA structure that covers exterior maintenance, snow removal, water, and trash , simplifying ownership and operational management. Strategically located along the established Kemper Road corridor , the property benefits from approximately 18,000 vehicles per day nearby and convenient access to Interstate 275 , providing strong regional connectivity to the greater Cincinnati market. Property is currently approximately 80% occupied with two existing tenants in place. The largest suite is occupied by a childcare user with extensive interior build-out including classrooms, offices, kitchen prep area, and support spaces. The childcare business is not included in the sale . Remaining 2,744 SF suite is vacant and positioned for lease-up or potential owner-user occupancy.

Market Context

This office in Forest Park, OH is listed for sale at $789,900 across 13,800 SF ($57/SF). It is offered at an approximate 6.9% capitalization rate, a key benchmark for income-producing office assets. The building dates to 1989. It has been on the market for 72 days. Compare it against other office listings for sale in Forest Park, OH — view the full market.

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