Kemper Meadow Office/Flex
13,800 SF Multi-Tenant Office / Daycare / Flex Asset | 80% Occupied | Lease-Up Opportunity
Marketing description
Kemper Tech Centre is a partially occupied 13,800 SF multi-tenant office / daycare / flex investment opportunity located within Kemper Meadows Office Park at 1259 Kemper Meadow Drive in Cincinnati, Ohio. Offered at $789,900, the property provides investors with in-place income and additional upside through lease-up of the remaining vacancy.
The building is currently approximately 80% occupied and features two income-producing suites totaling approximately 11,056 SF, including a childcare tenant occupying approximately 8,092 SF and a second tenant occupying approximately 2,964 SF. A 2,744 SF vacant suite provides immediate value-add potential through future leasing.
The property benefits from a functional single-story layout capable of supporting a variety of uses including office, daycare, educational, service, and flex-oriented tenants. Existing improvements include multiple classrooms, offices, restrooms, and support areas, making the asset particularly attractive for owner-users or investors seeking adaptable suburban office space.
Additional property features include approximately 45 surface parking spaces, five newer A/C units, and an HOA structure that simplifies ownership by covering exterior maintenance, snow removal, water, and trash.
Strategically located within the established Kemper corridor, the property benefits from approximately 18,000 vehicles per day and strong surrounding residential and commercial activity. Kemper Tech Centre offers investors and owner-users the opportunity to acquire a well-located suburban office asset with stable occupancy and future leasing upside.
Investment highlights
- Value-Add Office / Flex Investment Opportunity – ±13,800 SF multi-tenant asset with ~80% occupancy and 2,744 SF vacancy, providing immediate upside through lease-up
- Mark-to-Market & Lease-Up Potential – Ability to increase NOI by stabilizing vacancy and adjusting rents to market, creating a clear path to higher returns
- Strong In-Place Cash Flow – Existing tenancy anchored by an ±8,092 SF childcare operator, offering consistent income and operational stability
- Attractive Basis Below Replacement Cost – Offered at ~$65/SF, significantly below the cost to construct comparable suburban office/flex product
- Compelling Yield with Upside – Pro forma NOI of ~$56,800 (6.94%% cap rate) with potential to exceed projections through full stabilization
- Flexible Multi-Tenant Layout – Single-story configuration supports a wide range of uses including office, medical, daycare, educational, and flex users, increasing leasing demand
- Owner-User or Investor Play – Ideal for an owner-occupant to offset occupancy costs while leasing remaining suites, or for investors seeking yield and appreciation
- High-Visibility Suburban Location – Positioned within Kemper Meadows Office Park with ~18,000 VPD and immediate access to Interstate 275, providing strong accessibility for tenants and customers
- Strong Parking Ratio – Approximately 45 surface parking spaces, supporting high-traffic users such as daycare, medical, and service-oriented tenants
- Low-Maintenance Ownership Structure – HOA covers exterior maintenance, snow removal, water, and trash, reducing landlord responsibilities and operational complexity
- Recent Capital Improvements – Property includes five newer HVAC units, minimizing near-term capital expenditures
- Strategic Cincinnati Submarket – Located in a dense residential and business corridor with strong demographics, workforce accessibility, and continued demand for flexible commercial space
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