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    Ross Ave Norwood, OH 45212
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    Ross Ave, Norwood, OH 45212

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    • Office Spaces
    • 1 SF
    • 5.80 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 0 Ross Ave

    Lot size
    5.80 lot acres
    Property type
    Office Spaces
    Property subtype
    Medical Office Space

    Description

    Central Pointe on the Lateral presents a unique opportunity in the heart of Greater Cincinnati. This Class A office and flex development, situated on a 5.8-acre lot in Hamilton County, Ohio, offers a single-tenant occupancy building with a total of 1 square foot. The property boasts exceptional highway visibility and signage opportunities along Norwood Lateral (562), enjoying exposure to over 50,000 vehicles daily. Its strategic location between I-71 and I-75 provides easy access from two exits off the Norwood Lateral, making it ideal for businesses seeking central Cincinnati access. The flexible layouts cater to diverse office and medical user needs. Beyond its prime location, Central Pointe benefits from its position within a revitalized corridor, offering proximity to a variety of shopping, dining, and fitness amenities. The property's address is on Ross Ave, Cincinnati, OH 45212. This development is perfect for businesses seeking a high-visibility, easily accessible location in a thriving area. The property type is listed as Office and Land, with subtypes including Medical Office, Industrial, Flex, and Commercial.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Norwood
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.4619
    Latitude
    39.168

    Comparable in this City

    • Value Estimation by Request
      5,440 SF

      2355 Norwood Ave

      Medical Office Space
      2355 Norwood Ave, Cincinnati, OH 45212
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    • Value Estimation by Request

      1907 Ross Ave

      Medical Office Space
      1907 Ross Ave, Norwood, OH 45212
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    • Value Estimation
      $580,000
      4.14 Acres

      2000 Joseph E Sanker Blvd

      MEDICAL BUILDING
      2000 Joseph E Sanker Blvd, Cincinnati, OH 45212-1979
      View Details
    • Value Estimation
      $2,305,000
      13,212 SF

      4746 Montgomery Rd

      MEDICAL BUILDING
      4746 Montgomery Rd, Cincinnati, OH 45212-2622
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    • Value Estimation by Request
      1.20 Acres

      2071 Sherman Ave

      MEDICAL BUILDING
      2071 Sherman Ave, Cincinnati, OH 45212-2633
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    • Value Estimation by Request
      4,080 SF

      5001 Montgomery Rd

      MEDICAL BUILDING
      5001 Montgomery Rd, Cincinnati, OH 45212-2128
      View Details

    Similar Nearby for Sale

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      2,720 SF

      Medical Office Space Available

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      83,066 SF

      Industrial Property on Fernview Avenue

      83,066 SF industrial property on 5.71 acres for sale.
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      5000 Montgomery Rd, Cincinnati, OH 45212

      Mixed-use properties
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      22,632 SF

      Central Cincinnati Location Office Building

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      384,225 SF

      Cincinnati Office Building For Sale

      Large office building available in Cincinnati, Ohio.
      4700 Smith Rd, Cincinnati, OH 45212
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    Similar Nearby for Lease

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      Office Space for Rent

      Office space available for rent in Cincinnati, OH.
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      Office Space Available For Lease

      Office space for lease at 2300 Wall St, Cincinnati.
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      1,522 SF

      Mixed-Use Redevelopment Opportunity

      Mixed-use redevelopment opportunity in Cincinnati's growing Midtown market.
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      Office Space for Lease

      Office space available for lease at 4555 Montgomery Road.
      4555 Montgomery Rd, Cincinnati, OH 45212
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      1,178 SF

      Central Cincinnati Office Space Available

      Office space for rent in central Cincinnati location.
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    • $13 SF/Yr

      Class A Office Space

      Renovated Class A office buildings in central Cincinnati.
      4600 Montgomery Rd, Cincinnati, OH 45212
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    Ross Ave
    Norwood, OH 45212
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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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    Ross Ave, Norwood, OH, 45212
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