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    1030 Main St Milford, OH 45150
    Property profile & analytics

    1030 Main St, Milford, OH 45150

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    • Investment properties
    • 4,397 SF
    • 0.53 lot acres
    For Sale
    $499,000
    View Listing →
    Office with High Traffic Frontage For Sale
    $499,000
    4,400 SF

    Office with High Traffic Frontage

    Office building with flexible space and high traffic visibility.

    1030 Main Street, Milford, OH 45150
    View Listing
    Property ID
    US66-6298824
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Robert Dean - State Farm Insurance Agent / Insurance Agency
    • Berthel Fisher & Co. / Financial Advisor
    • State Farm Insurance / Insurance Agency

    Property Details for 1030 Main St

    Year built
    1930
    Construction
    CONCRETE BLOCKS
    Lot size
    0.53 lot acres
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    21-07-23.-095P
    APU
    210723095P

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $630,000
      6.5%
      $585,000
      7%
      $540,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $507,000
      Market price range: $241k - $907k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $910,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Clermont
    State
    Ohio
    Longitude
    -84.2754
    Latitude
    39.1808
    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
    $5,086
    $29,890
    $28,840
    $58,730
    -
    $85,400
    $82,400
    $167,800

    Comparable in this City

    • Value Estimation
      $530,000
      3,532 SF

      5611 Ivy Ln

      OFFICE/RESIDENTIAL (MIXED USE)
      5611 Ivy Ln, Milford, OH 45150-2627
      View Details
    • Value Estimation
      $570,000
      3,532 SF

      5615 Ivy Ln

      OFFICE/RESIDENTIAL (MIXED USE)
      5615 Ivy Ln, Milford, OH 45150-2627
      View Details
    • Value Estimation
      $645,000
      4,950 SF

      632 Main St

      OFFICE/RESIDENTIAL (MIXED USE)
      632 Main St, Milford, OH 45150-1182
      View Details
    • Value Estimation by Request
      2,616 SF

      864 Garfield Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      864 Garfield Ave, Milford, OH 45150-1610
      View Details
    • Value Estimation
      $515,000
      3,520 SF

      740 Lila Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      740 Lila Ave, Milford, OH 45150-5709
      View Details
    • Value Estimation by Request
      1,808 SF

      1986 State Rte 131

      OFFICE/RESIDENTIAL (MIXED USE)
      1986 State Rte 131, Milford, OH 45150-2647
      View Details

    Similar Nearby for Sale

    • $499,000
      4,400 SF

      Office with High Traffic Frontage

      Office building with flexible space and high traffic visibility.
      1030 Main St, Milford, OH 45150
      View Details
    • $4,000,000
      152.48 Acres

      152 Acres Development Opportunity

      152 acres in Miami Twp, OH with highway access.
      5254 Wolfpen Pleasant Hill Rd, Milford, OH 45150
      View Details
    • Contact for pricing

      Commercial Land with Retail Zoning

      Commercial land suitable for retail, office, and light industrial uses.
      1220 Rise Way, Milford, OH 45150
      View Details
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      10,200 SF

      Flex Industrial Space in Milford

      Flex and industrial spaces in a convenient Milford location.
      1000 Ford Cir, Milford, OH 45150
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,177 SF

      Office Space Near State Route

      Office space with high visibility and easy highway access.
      1077 Oh-28, Milford, OH 45150
      View Details
    • Contact for pricing
      880 SF

      Warehouse/Storage with Drive-in Door

      Warehouse/Storage space featuring a drive-in door and sub-metered electric.
      200 Techne Center Dr, Milford, OH 45150
      View Details
    • Contact for pricing

      Land and Retail Space Available

      Land and retail spaces for lease in Milford, Ohio.
      1165 Oh-28, Milford, OH 45150
      View Details
    • Contact for pricing
      4,200 SF

      Retail Space on Main Street

      Retail space available for lease on Main Street.
      780-824 Main St, Milford, OH 45150
      View Details
    • Contact for pricing
      10,897 SF

      Office Space in Milford, OH

      Office space for rent in Milford, Ohio, near amenities.
      5303 Dupont Cir, Milford, OH 45150
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in Milford, Ohio

      2,400 SF retail space available for lease.
      1111 State Route 28, Milford, OH 45150
      View Details
    View Listing
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    Milford, OH 45150
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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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