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    Connor Fahrnbach, Cincinnati, OH

    License ID: OH 2016004636
    Colliers Of Greater Cincinnati
    Association
    Cincinnati Area Board Of Realtors Inc

    Contact details

    Phone:
    (513) 515-7907
    Office Address:
    425 Walnut St #1200, Cincinnati, OH, 45202

    Performance

    Listings
    12

    Listings

    For Sale (3)

    View map
    • $1,295,000
      15,120 SF

      Freestanding Building on Hard Corner

      Freestanding building on hard corner with redevelopment potential.
      1776 E Seymour Ave, Cincinnati, OH 45237
      View Details
    • $389,000
      3,600 SF

      Retail Space Near Newport on Levee

      Retail property with versatile floor plan, close to Cincinnati.
      838 Monmouth St, Newport, KY 41071
      View Details
    • Contact for pricing
      7,551 SF

      Retail Property on Progress Way

      Retail property with high visibility and signage opportunities.
      2751 Progress Way, Wilmington, OH 45177
      View Details

    For Lease (9)

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    • $2,499,999
      20,013 SF

      Freestanding Retail Space in Dayton

      Well-positioned retail space in the Miller Lane retail corridor.
      3498 York Commons Blvd, Dayton, OH 45414
      View Details
    • Contact for pricing
      1,300 SF

      Retail Space with High Visibility

      Retail space with strong demographics and ample parking.
      732 Middleton Way, Cincinnati, OH
      View Details
    • Contact for pricing
      1,859 SF

      Retail Space on Beechmont Avenue

      Retail space with high visibility and ongoing facade renovation.
      8431 Beechmont Ave, Cincinnati, OH 45255
      View Details
    • Contact for pricing
      19,058 SF

      Retail Space in Latonia Centre

      Retail spaces available in Covington, KY, community center.
      4303-4387 Winston Ave, Covington, KY 41015
      View Details
    • Contact for pricing
      2,380 SF

      Former Restaurant Space on Springfield

      2,380 SF former restaurant space with high traffic counts.
      11530-11596 Springfield Pike, Cincinnati, OH 45246
      View Details
    • Contact for pricing
      3,000 SF

      Bellevue Retail Space with Parking

      First floor retail space with dedicated parking in Bellevue.
      240 Fairfield Ave, Bellevue, KY 41073
      View Details
    • $25 SF/Yr
      950 SF

      Retail Space in Kroger Center

      Highly visible retail space in Kroger anchored shopping center.
      470 S Locust St, Oxford, OH 45056
      View Details
    • Contact for pricing
      2,500 SF

      Former Salon Space Available

      Turn-key retail space with ample parking and high traffic.
      581 Dudley Rd, Edgewood, KY
      View Details
    • $32 SF/Yr
      2,324 SF

      Retail Space on Hard Corner

      Well-positioned retail space with strong co-tenancy and signage opportunities.
      3012 Anchor Dr, Hamilton, OH 45011
      View Details

    Leases and Sales on Map

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    Connor Fahrnbach, Cincinnati, OH
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    Connor Fahrnbach, Cincinnati, OH
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