Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    671-673 Wilmer Ave Cincinnati, OH 45226

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $9 SF/Yr

    Office and warehouse space available near Lunken Airport & Playfield.

    Property size:
    31,996 SF
    Lot size:
    31,996 SF

    Property Features for 671-673 Wilmer Ave

    General Information

    Size
    31,996 SF

    We can help!

    Listing Contact
    Scott Cleveland
    Scott Cleveland
    Source: Lee-associates

    Listing Agent: Scott Cleveland

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Office/Warehouse Space Near Airport

    Office and warehouse space is available. The property is located across from Lunken Airport and Playfield.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    U Store-U Lock

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Clermont
    State
    Ohio
    Longitude
    -84.4179104
    Latitude
    39.1154503

    Nearby Similar for Lease

    • Contact for pricing

      Spaces Over The Rhine

      Workspaces, services and support to help you grow your business in Spaces Over The Rhine
      1435 Vine St, Cincinnati, OH 45202
      View Details
    • Sponsored
      Contact for pricing

      OH, Cincinnati - Kemper Meadow Dr

      Workspaces, services and support to help you work better in CA, San Bernadino - Arrowhead Ave
      1255 Kemper Meadow Dr, Cincinnati, OH 45240
      View Details
    • Contact for pricing

      OH, Cincinnati - Montana Ave

      Workspaces, services and support to help you work better in OH, Cincinnati - Montana Ave
      2300 Montana Ave, Cincinnati, OH 45211
      View Details
    • Contact for pricing

      OH, Cincinnati - Chester Rd

      Discover many ways to work your way in OH, Cincinnati - Chester Rd
      11260 Chester Rd, Cincinnati, OH 45246
      View Details
    • New
      Contact for pricing

      PNC Center

      Discover many ways to work your way in PNC Center
      201 5Th St, Cincinnati, OH 45202
      View Details
    • $14 SF/Yr
      202,897 SF

      Downtown Cincinnati Office Space Available

      537,400 SF workplace destination in the heart of Cincinnati.
      250 East 5Th St, Cincinnati, OH 45202
      View Details
    • $19 SF/Yr

      Freestanding Building on Montgomery Road

      Single-tenant building suitable for retail, service, medical, or office.
      9823 Montgomery Rd, Cincinnati, OH 45242
      View Details
    • $20 SF/Yr

      Retail Space in Textile Lofts

      Street-level retail space in historic building with high visibility.
      151 W 4Th St, Cincinnati, OH 45202
      View Details
    • $12 SF/Yr

      Cincinnati Office/Medical Suites for Lease

      Three suites available in well-located Cincinnati office/medical building.
      9563 Montgomery Rd, Cincinnati, OH 45242
      View Details
    • $25 SF/Yr
      25,000 SF

      Downtown Cincinnati Office Space Available

      Street-level office space with high ceilings and parking.
      101 West 5Th St, Cincinnati, OH 45202
      View Details
    • $22 SF/Yr

      Downtown Cincinnati Commercial Spaces For Rent

      Prime commercial spaces in Cincinnati's Central Business District undergoing renovations.
      113 W 4Th St, Cincinnati, OH 45202
      View Details
    • $9 SF/Yr

      Versatile Flex Space Available

      Adaptable office, warehouse, and showroom space for lease.
      3737 Round Bottom Rd, Cincinnati, OH 45244
      View Details

    FAQs

    What type of property is this?
    Warehouse - Office and warehouse space available near Lunken Airport & Playfield.
    Where is this warehouse located?
    The property is located at 671-673 Wilmer Ave Cincinnati, OH.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: - Office/warehouse space available.; - Located across from Lunken Airport.; - Located across from Lunken Playfield.
    (540) 834-3200
    Request Owner's contact information
    671-673 Wilmer Ave Cincinnati, OH 45226
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    671-673 Wilmer Ave
    Cincinnati, OH 45226
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    671-673 Wilmer Ave Cincinnati, OH 45226
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Scott Cleveland
    Scott Cleveland
    Real Estate License ID: 225191567
    (540) 834-3200 (540) 775-5661
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!