Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    3801 Harrison Ave Cheviot, OH 45211

    Sponsored
    For Sale
    $795,000
    Property size:
    9,243 SF
    Added:
    Dec 11, 2024
    Days on Market:
    407

    Property Features for 3801 Harrison Ave

    General Information

    Property type
    Restaurants
    Square Feet
    9,243 SF
    Class
    B
    Lot Size
    12,371 SF

    Building Details

    Year Built/Renovated
    1939/2020
    Buildings
    1
    Stories
    2
    Units
    5

    We can help!

    Listing Contact
    John Dwyer
    John Dwyer

    Learn more

    HighLights

    • 75‑foot bar with stage.
    • Four residential apartments above commercial space.
    • Located in the DORA entertainment district with convenient walkability to parking and other attractions.
    • Excellent owner‑operator opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Cheviot
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.612626807992
    Latitude
    39.156692747248

    Nearby Comparable

    • New
      Contact for pricing

      Professional Office Space Available

      Office space in professional building, utilities included, Cheviot location.
      3646 Glenmore Ave, Cincinnati, OH 45211
      View Details
    • Contact for pricing

      Cheviot Office Space Available

      Office space in professional building, utilities included, parking available.
      3646 Glenmore Ave, Cincinnati, OH 45211
      View Details
    • Contact for pricing
      0.24 Acres

      Spacious Commercial Property in Cheviot

      Versatile commercial property with ample space and natural light.
      3708 Davis Ave, Cheviot, OH 45211
      View Details
    • Contact for pricing
      5,183 SF

      Restaurant Property with Drive Thru

      Second-generation restaurant with drive-thru and abundant parking.
      4227 Bridgetown Rd, Cincinnati, OH 45211
      View Details
    • $425,000
      0.65 Acres

      Cheviot Commercial Land Investment

      Prime .65 acre commercial lot, ideal for development.
      4243 Bridgetown Rd, Cincinnati, OH 45211
      View Details
    • New
      $220,000
      Pending

      Cheviot Duplex For Sale

      Two-unit duplex in Cheviot, each with two bedrooms and one bath.
      3608 Robb Ave, Cincinnati, OH 45211
      View Details
    • $1,100,000
      16,500 SF

      Retail Property with Dock Access

      Retail property featuring sprinkler system, HVAC, and dock access.
      3970 N Bend Rd, Cincinnati, OH 45211
      View Details
    • $3,500,000
      92,000 SF

      Industrial Property with Rail Access

      133,000 SF industrial space with rail and highway access.
      8361 Broadwell Ave, Cincinnati, OH 45211
      View Details
    • $250,000
      2,800 SF

      Commercial Building in Westwood Heart

      All-brick commercial building suitable for many uses in Cincinnati.
      3306 Glenmore Ave, Cincinnati, OH 45211
      View Details
    • $660,000
      8,486 SF

      Established Day Care Facility

      Day care facility on 1.733 acres at prime corner.
      3929 Boudinot Ave, Cincinnati, OH 45211
      View Details
    • $400,000
      5.17 Acres

      Cheviot Commercial Land - $400K

      5.17 acres, prime Cheviot location.
      0 Bruestle Ave, Cincinnati, OH 45211
      View Details

    Nearby Similar for Sale

    • Contact for pricing
      0.24 Acres

      Spacious Commercial Property in Cheviot

      Versatile commercial property with ample space and natural light.
      3708 Davis Ave, Cheviot, OH 45211
      View Details

    FAQs

    Where is this restaurant located?
    The property is located at 3801 Harrison Ave Cheviot, OH.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: 75-foot bar with stage.; Four residential apartments above commercial space.; Located in the DORA entertainment district with convenient walkability to parking and other attractions.
    Request Owner's contact information
    3801 Harrison Ave Cheviot, OH 45211
    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.
    3801 Harrison Ave
    Cheviot, OH 45211
    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
    3801 Harrison Ave Cheviot, OH 45211
    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
    John Dwyer
    John Dwyer
    Real Estate License ID: OH BRKP.0000209660
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.