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    7840-7842 Camargo Rd Cincinnati, OH 45243

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    7840-7842 Camargo Rd Cincinnati, OH 45243

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    • Retail properties & Spaces
    • 7,864 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 7840-7842 Camargo Rd

    Property size
    7,864 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional retail property, located at 7840-7842 Camargo Rd in Madeira, OH, offers 7,864 square feet of space across two buildings on a 0.88-acre lot. Currently vacant, this property boasts 150 feet of road frontage and is ideally situated within Madeira's Designated Outdoor Refreshment Area (DORA) district, making it perfect for a restaurant or bar. The property includes 29 parking spaces and is zoned B-1 for Downtown District use, benefiting from its location within a Tax Increment Financing (TIF) Zone. Significant previous construction, including upgraded windows, plumbing, electrical, HVAC, roofing, framing, and lighting, has already been completed, with over $500,000 invested. A 1,100 square foot building is also present and could be removed to create additional parking. The interior features a finished basement for storage and a lower-level area suitable for entertainment or a bar. The new owner will only need to finish drywall and minor construction details. The City of Madeira is investing in infrastructure improvements along Camargo Road, including new sidewalks, street lamps, utility upgrades, and additional community parking lots, expected to be completed by the end of summer 2025. This prime location in the affluent Madeira/Indian Hill suburb of Cincinnati offers easy access to major highways and benefits from a high average household income and a strong local economy. The property includes a grease trap. This is an outstanding investment opportunity in a thriving community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Ohio
    State
    Ohio
    Longitude
    -84.3603
    Latitude
    39.1881

    Comparable in this City

    • Value Estimation by Request
      17,093 SF

      7001 Miami Ave

      Restaurants • 17,093 SF
      7001 Miami Ave, Madeira, OH 45243
      View Details
    • Value Estimation by Request

      Camargo Rd

      GROCERY, SUPERMARKET
      Camargo Rd, Cincinnati, OH 45243
      View Details
    • Value Estimation by Request
      1.99 Acres

      Camargo Rd

      GROCERY, SUPERMARKET • 1.99 Acres
      Camargo Rd, Cincinnati, OH 45243
      View Details
    • Value Estimation
      $4,720,000
      37,102 SF

      6950 Miami Ave

      GROCERY, SUPERMARKET • 37,102 SF
      6950 Miami Ave, Cincinnati, OH 45243-2633
      View Details
    • Value Estimation by Request
      0.71 Acres

      Camargo Rd

      GROCERY, SUPERMARKET • 0.71 Acres
      Camargo Rd, Cincinnati, OH 45243
      View Details
    • Value Estimation by Request
      1.43 Acres

      Camargo Rd

      GROCERY, SUPERMARKET • 1.43 Acres
      Camargo Rd, Cincinnati, OH 45243
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Madeira Retail/Restaurant Opportunity

      7,684 SF building in Madeira's DORA District.
      7840 Camargo Rd, Cincinnati, OH 45243
      View Details
    • Contact for pricing

      7715 Camargo Rd, Cincinnati, OH 45243

      Commercial land
      7715 Camargo Rd, Cincinnati, OH 45243
      View Details
    • New
      $825,000
      0.72 Acres

      Residential Land in Sycamore Twp

      Residential vacant land in Indian Hill School district.
      8305 Miami Rd, Sycamore Twp, OH 45243
      View Details
    • $1,100,000

      Land Available for Sale

      Land available for sale in Cincinnati, OH.
      7715-7721 Camargo Rd, Cincinnati, OH 45243
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      10,244 SF

      Former CVS Retail Space Available

      10,244 SF retail space suitable for various businesses.
      7005 Miami Ave, Cincinnati, OH 45243
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office space available, offering 3,444 square feet.
      6725 Miami Ave, Madeira, OH 45243
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    • Contact for pricing

      Office Space for Lease

      900 SF office space available for lease.
      7800 Laurel Ave, Cincinnati, OH 45243
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    Cincinnati, OH 45243
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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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