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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10519 Reading Rd Cincinnati, OH 45241-2524

    • Medical offices
    • 2,109 SF
    • 0.49 lot acres
    OFF-MARKET
    Value Estimations
    $335,000
    Show details
    Cap Rate Potential
    10%
    Medical offices
    Location Intelligence
    Property ID
    US66-1157953
    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

    • Evendale Blue Ash Pet Hospital / Emergency Veterinarian Service / Pet Boarding Service

    Property Details for 10519 Reading Rd

    Year built
    1975
    Lot size
    0.49 lot acres
    Property size
    2,109 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    611-0030-0040-00
    APU
    6110030004000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $245,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $405,000
      6.5%
      $375,000
      7%
      $350,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $355,000
      Market price range: $153k - $390k
      AI Estimate
      $321,000
      Market price range: $115k - $337k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $245,000
      Current use
      AUTO REPAIR, GARAGE
      $385,000
      Change: +58% Conversion: Difficult
      RETAIL STORES
      $200,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.4209
    Latitude
    39.2572
    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
    $7,656
    $39,329
    $76,135
    $115,464
    -
    $112,370
    $217,530
    $329,900

    Comparable in this City

    • Value Estimation by Request
      0.01 Acres

      Lebanon Rd

      MEDICAL BUILDING • 0.01 Acres
      Lebanon Rd, Cincinnati, OH 45241
      View Details
    • Value Estimation
      $375,000
      2,374 SF

      4050 Cottingham Dr

      MEDICAL BUILDING • 2,374 SF
      4050 Cottingham Dr, Cincinnati, OH 45241-1626
      View Details
    • Value Estimation
      $350,000
      3,452 SF

      3723 Hauck Rd

      MEDICAL BUILDING • 3,452 SF
      3723 Hauck Rd, Cincinnati, OH 45241-1607
      View Details
    • Value Estimation
      $325,000
      3.83 Acres

      3701 Hauck Rd

      MEDICAL BUILDING • 3.83 Acres
      3701 Hauck Rd, Cincinnati, OH 45241-1607
      View Details
    • Value Estimation
      $12,220,000
      6,346 SF

      10475 Reading Rd

      MEDICAL BUILDING • 6,346 SF
      10475 Reading Rd, Cincinnati, OH 45241-2563
      View Details
    • Value Estimation
      $570,000
      6.16 Acres

      3155 Glendale Milford Rd

      MEDICAL BUILDING • 6.16 Acres
      3155 Glendale Milford Rd, Cincinnati, OH 45241-3134
      View Details

    Similar Nearby for Sale

    • $695,000
      5,760 SF

      Glendale Medical Office Condo

      Class A, 5760 SF, Move-In Ready
      2950 Glendale Milford Rd, Cincinnati, OH 45241
      View Details
    • Contact for pricing
      2,500 SF

      Historic School Building For Sale

      Renovated 1879 school building, ideal for office or retail.
      3772 Hauck Rd, Sharonville, OH 45241
      View Details
    • Contact for pricing

      Adaptable Office Space in Sharonville

      1860 sqft office space ideal for growing businesses.
      3794 Hauck Rd, Sharonville, OH 45241
      View Details
    • $450,000
      2,604 SF

      West Chester Two-Level Office Condo

      Two-level office condo in West Chester's commercial district.
      9694 Cincinnati Columbus Rd, West Chester, OH 45241
      View Details
    • $1,000,000
      3.34 Acres

      Evendale Commercial Land Opportunity

      3.336 acres, prime Cincinnati location.
      10400 Reading Rd, Evendale, OH 45241
      View Details
    • $3,950,000
      50,000 SF

      Blue Ash Executive Office Building

      Prime 50,000 SF Office, 188 Parking Spaces
      4700 Ashwood Dr, Blue Ash, OH 45241
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      109,000 SF

      Summit Woods III Office Space

      Class A Office Suites in Blue Ash, Ohio
      50 Business Way, Cincinnati, OH 45241
      View Details
    • $2 SF/Yr
      6,033 SF

      Sharonville Office Space Available

      Flexible Offices, Coworking & More
      3660 Park 42 Dr, Sharonville, OH 45241
      View Details
    • $14 SF/Yr
      109,000 SF

      Summit Woods IV Office Space

      Class A Office Suites in Blue Ash
      400 Business Way, Sharonville, OH 45241
      View Details
    • Contact for pricing

      Development Site Near Retail Hub

      Prime development site suitable for restaurant, retail, or medical use.
      10305 Reading Rd, Cincinnati, OH 45241
      View Details
    • $14 SF/Yr
      1,885 SF

      Executive Park Office Space Available

      Office space with conference room, gathering space, and fitness center.
      4000 Executive Park Dr, Cincinnati, OH 45241
      View Details
    • $15 SF/Yr
      2,282 SF

      Versatile Building on Lebanon Road

      Adaptable building suitable for office, retail, or automotive repair.
      11753 Lebanon Rd, Cincinnati, OH 45241
      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.
    10519 Reading Rd
    Cincinnati, OH 45241-2524
    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.