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

    1058 Reading Rd Mason, OH 45040-1399

    • Strip malls
    • 20,300 SF
    • 3.15 lot acres
    OFF-MARKET
    Last Sale
    Sep 17, 2024
    $2,400,000
    Value Estimations
    $2,400,000
    Show details
    Cap Rate Potential
    3.5%
    Strip malls
    Location Intelligence
    Property ID
    US66-2024107
    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

    • Sherwin-Williams Paint Store / Paintings Store / Wallpaper Store

    Property Details for 1058 Reading Rd

    Year built
    1989
    Construction
    CONCRETE
    Lot size
    3.15 lot acres
    Property size
    20,300 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    15-05-379-013-0
    APU
    15053790130

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,400,000
      ML approach
      $2,400,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,815,000
      APARTMENT HOUSE (5+ UNITS)
      $2,620,000
      COMMERCIAL (GENERAL)
      $2,530,000
      AUTO REPAIR, GARAGE
      $2,495,000
      RESTAURANT
      $2,285,000
      RETAIL STORES
      $2,075,000
      INDUSTRIAL (GENERAL)
      $1,835,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Mason
    County
    Warren
    State
    Ohio
    Longitude
    -84.3409
    Latitude
    39.3383
    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
    $18,754
    $137,918
    $151,375
    $289,293
    -
    $394,050
    $432,500
    $826,550

    Comparable in this City

    • Value Estimation
      $4,465,000
      2,844 SF

      6645 Western Row Rd

      SHOPPING CENTER, STRIP CENTER • 2,844 SF
      6645 Western Row Rd, Mason, OH 45040-1305
      View Details
    • Value Estimation
      $560,000
      17,181 SF

      753 Reading Rd

      SHOPPING CENTER, STRIP CENTER • 17,181 SF
      753 Reading Rd, Mason, OH 45040-1303
      View Details
    • Value Estimation
      $655,000
      10,500 SF

      9317 Mason Montgomery Rd

      SHOPPING CENTER, STRIP CENTER • 10,500 SF
      9317 Mason Montgomery Rd, Mason, OH 45040-8826
      View Details
    • Value Estimation by Request
      12,400 SF

      111 Reading Rd

      SHOPPING CENTER, STRIP CENTER • 12,400 SF
      111 Reading Rd, Mason, OH 45040-1633
      View Details
    • Value Estimation
      $1,785,000
      17,318 SF

      5250 Courseview Dr

      SHOPPING CENTER, STRIP CENTER • 17,318 SF
      5250 Courseview Dr, Mason, OH 45040-2370
      View Details
    • Value Estimation
      $820,000
      25,200 SF

      1071 Reading Rd

      SHOPPING CENTER, STRIP CENTER • 25,200 SF
      1071 Reading Rd, Mason, OH 45040-1345
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,223 SF

      Former Bank with Drive Thru

      Former bank building with drive-thru opportunity on a corner lot.
      7470 S Mason Montgomery Rd, Mason, OH 45040
      View Details
    • $3,600,000
      6 SF

      Retail Space Available For Sale

      6,034 SF retail property available for sale.
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    • $2,200,000
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      Restaurant Space with Highway Visibility

      Restaurant space for sale in high-traffic retail corridor.
      9890 Escort Dr, Mason, OH 45040
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    • Contact for pricing
      3.00 Acres

      Prime Mason, OH Commercial Land

      Highly visible, divisible land near OH-741 & 42
      0 Oh-741, Mason, OH 45040
      View Details
    • Contact for pricing
      30,000 SF

      Mason Flex Space: Build-to-Suit

      Modern flex space, customizable design, prime Mason location.
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    • Contact for pricing
      34.00 Acres

      Prime Mason, OH Commercial Land

      34 Acres, I-71 & Kings Mill Rd
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      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      1,670 SF

      Retail Space in High-Growth Corridor

      Retail spaces available in a busy, high-visibility Mason location.
      6172-6212 Tylersville Rd, Mason, OH 45040
      View Details
    • Contact for pricing
      2,800 SF

      Retail Space in Kroger-Anchored Center

      Retail space available in Mason, Ohio, near Kings Island.
      5208-5238 Kings Mills Rd, Mason, OH 45040
      View Details
    • Contact for pricing
      469,440 SF

      Deerfield Towne Center Retail Space

      Mason, Ohio Shopping Center For Lease
      0 Deerfield Blvd & Mason Montgomery Rd, Mason, OH 45040
      View Details
    • $18 SF/Yr
      11,954 SF

      Kings Mall: Prime Retail Space

      Mason, Ohio Shopping Center - 11,954 SF Available
      4744 Fld Ertel Rd, Mason, OH 45040
      View Details
    • Contact for pricing

      Retail Space in Governor's Pointe

      240,200 SF shopping center in Mason, OH for rent.
      9600 S Mason Montgomery Rd, Mason, OH 45040
      View Details
    • Contact for pricing
      29,768 SF

      Retail Space in Arbor Square

      Retail property available for lease in Mason, Ohio.
      8125 Arbor Square Dr, Mason, OH 45040
      View Details
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    1058 Reading Rd
    Mason, OH 45040-1399
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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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