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    Retail Space in Thriving Oakley Title is generated by Realmo AI

    3640 Madison Rd, Cincinnati, OH

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    New retail development in Cincinnati's Midtown market corridor.

    Type:RETAIL
    Property size:
    1,000 SF
    Lot size:
    0.10 Acres
    Added:
    Feb 18, 2025
    Days on Market:
    473
    Last Refresh:
    May 20 at 9:05 pm

    Property Features for 3640 Madison Rd

    General Information

    Standard status
    Active
    Size
    1,000 SF
    Lot size
    0.10 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 3640 Madison Rd Contact us

    We can help!

    Listing Contact
    Melissa Ruther
    Melissa Ruther

    Listing agent Melissa Ruther

    Listing office CBRE | Columbus

    Listing date Feb 18, 2025

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Columbus

    HighLights

    • Located in Oakley, twice voted Best Place to live in Cincinnati, known for its retail, residential, and office development.
    • High‑density area with 108,000 residents and 66,000 workers within a 3‑mile radius.
    • Located in Cincinnati’s Midtown market corridor, a thriving area with a high density of young professionals.
    • New multi‑tenant retail building located at the NEC of Madison Road and Kennedy Avenue.
    • Adjacent to a 1.7‑acre outparcel in front of the Hubbard Radio HQ currently under construction.
    • High traffic count of 36,387 CPD on Madison Road with unrestricted visibility.

    Overview

    This new retail development is situated in Oakley, an affluent suburb of Greater Cincinnati, specifically at the northeast corner of Madison Road and Kennedy Avenue. The multi-tenant retail building is located adjacent to a 1.7-acre outparcel in front of the Hubbard Radio HQ, which is currently under construction. The site is positioned in the heart of Cincinnati’s Midtown market corridor, a thriving area characterized by a high density of young professionals. The surrounding area has a 3-mile radius density of 108,000 residents and a trade area population of 66,000 workers. Oakley has been recognized as one of the best places to live in Cincinnati, driven by significant retail, residential, and office development. The location benefits from high visibility and unrestricted views, with 36,387 cars passing per day on Madison Road in front of the proposed development. The property offers retail space.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Accounting Firm Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Clermont
    State
    Ohio
    Longitude
    -84.4176
    Latitude
    39.1603

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    FAQs

    What type of property is this?
    Retail space - New retail development in Cincinnati's Midtown market corridor.
    Where is this retail space located?
    The property is located at 3640 Madison Rd Cincinnati, OH.
    What are key features of this property?
    This property features: Located in Oakley, twice voted Best Place to live in Cincinnati, known for its retail, residential, and office development.; High‑density area with **108,000 residents and 66,000 workers** within a 3‑mile radius.; Located in Cincinnati’s Midtown market corridor, a thriving area with a high density of young professionals.
    (614) 224-1492 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Melissa Ruther
    Melissa Ruther
    Learn More
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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.

    More about this property
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