Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    9200 Montgomery Rd Ste 10a Montgomery, OH 45242-7730

    • Office Properties & Spaces
    • 1,200 SF
    OFF-MARKET
    Last Sale
    Jun 15, 2023
    $158,500
    Value Estimations
    $160,000
    Show details
    Cap Rate Potential
    7.6%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US66-1788525
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 9200 Montgomery Rd Ste 10a

    Year built
    1985
    Property size
    1,200 SF
    Property type
    Office Properties & Spaces
    APN
    603-0004-0155-00
    APU
    6030004015500

    Description

    This exceptional 2,400 square foot medical office condo presents a unique investment or owner-user opportunity in Cincinnati, Ohio. Situated on a 1.19-acre lot at 9200 Montgomery Road, this Class B property boasts a highly visible location with ample parking, ensuring convenient access for patients and staff. The building's well-maintained exterior and professional interior create an inviting atmosphere, ideal for attracting and retaining clients. The multiple tenancy structure offers flexibility for various medical practices or businesses. The property's address is 9200 Montgomery Rd, Cincinnati, OH 45242, and its location provides excellent visibility and accessibility. The property features a total of 2,400 square feet of usable space, making it suitable for a range of medical office configurations. The property's Asset Parcel Number (APN) is 603-0004-0133-00. This versatile space is adaptable to a variety of business needs, making it an attractive option for both established practices and new ventures seeking a prime location in a thriving Cincinnati neighborhood. The property's design and location combine to create a welcoming and professional environment, enhancing the overall appeal and functionality of the space. This is an excellent opportunity to acquire a well-maintained and strategically located medical office condo in a desirable area of Cincinnati.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $155,000
      ML approach
      $160,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $255,000
      6.5%
      $235,000
      7%
      $215,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $150,000
      Market price range: $95.8k - $192k
      AI Estimate
      $144,000
      Market price range: $53.5k - $256k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.3549
    Latitude
    39.2215
    CBSA code
    17140
    CBSA name
    CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,615
    $7,000
    $38,822
    $45,822
    -
    $20,000
    $110,920
    $130,920

    Comparable in this City

    • Value Estimation by Request

      9380 Montgomery Rd

      Office space
      9380 Montgomery Rd, Montgomery, OH 45242
      View Details
    • Value Estimation by Request
      100,839 SF

      9260 Montgomery Rd

      Restaurants • 100,839 SF
      9260 Montgomery Rd, Cincinnati, OH 45242
      View Details
    • Value Estimation by Request
      40,265 SF

      4380 Malsbary Rd

      Distribution properties • 40,265 SF
      4380 Malsbary Rd, Blue Ash, OH 45242
      View Details
    • Value Estimation by Request
      15,200 SF

      9420 Towne Square Ave

      Office buildings • 15,200 SF
      9420 Towne Square Ave, Blue Ash, OH 45242
      View Details
    • Value Estimation by Request

      11501 Deerfield Rd, Unit 1

      CONDOMINIUM OFFICES
      11501 Deerfield Rd, Cincinnati, OH 45242-1419
      View Details
    • Value Estimation
      $160,000
      1,200 SF

      9200 Montgomery Rd Ste 17b

      CONDOMINIUM OFFICES • 1,200 SF
      9200 Montgomery Rd Ste 17b, Montgomery, OH 45242-7792
      View Details

    Similar Nearby for Sale

    • $3,990,000
      24,187 SF

      Montgomery Rd Executive Offices

      Prime Cincinnati Office Space, 24,187 SF
      9675 Montgomery Rd, Montgomery, OH 45242
      View Details
    • Contact for pricing
      37,551 SF

      Two Office Buildings For Sale

      Two office buildings totaling 37,551 SF in Blue Ash.
      4420-4440 Carver Woods Dr, Cincinnati, OH 45242
      View Details
    • $825,000
      8,280 SF

      Lakeside Office Building in Blue Ash

      8,280 SF office building in a park-like setting.
      11237 Cornell Park Dr, Blue Ash, OH 45242
      View Details
    • $1,190,000
      16,760 SF

      Blue Ash Office Building

      Two-story office building in Blue Ash Business District.
      11223 Cornell Park Dr, Blue Ash, OH 45242
      View Details
    • $700,000
      4,012 SF

      Two-Story Office Building For Sale

      Two-story office building with tenant in place until 2026.
      6836 Ashfield Dr, Blue Ash, OH 45242
      View Details
    • $1,500,000
      10,000 SF

      Blue Ash Industrial/Office Building

      10,000 SF building with office and warehouse space.
      11297 Grooms Rd, Blue Ash, OH 45242
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      333,687 SF

      Blue Ash Executive Office Space

      Prime Office Suites, Hamilton County, OH
      9987 Carver Rd, Blue Ash, OH 45242
      View Details
    • $7 SF/Yr
      186,000 SF

      Cornell Office Warehouse Park: Blue Ash, OH

      Prime Office/Warehouse Space Available
      11240-11260 Cornell Park Dr, Blue Ash, OH 45242
      View Details
    • $14 SF/Yr
      136,000 SF

      Executive Suites in Cincinnati

      Prestigious Office Space Available Now
      8150 Corporate Park Dr, Cincinnati, OH 45242
      View Details
    • $12 SF/Yr
      9,109 SF

      Prime Blue Ash Office Building

      Lakeside Office, 9,109 SF, Single Tenant
      11231 Cornell Park Dr, Cincinnati, OH 45242
      View Details
    • $12 SF/Yr
      78,491 SF

      Prime Blue Ash Office Space

      Executive & Traditional Suites Available
      9825 Kenwood Rd, Blue Ash, OH 45242
      View Details
    • $21 SF/Yr
      50,000 SF

      Prime Blue Ash Office Space

      50,000 SF Office Building, Suites Available
      4243 Hunt Rd, Blue Ash, OH 45242
      View Details
    Request Owner's contact information
    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.
    9200 Montgomery Rd Ste 10a
    Montgomery, OH 45242-7730
    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
    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

    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.