Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1060 Nimitzview Dr Cincinnati, OH 45230-4352
    Back to Search
    Property profile & analytics

    1060 Nimitzview Dr, Cincinnati, OH 45230-4352

    View on Map
    • Office buildings
    • 19,382 SF
    • 1.36 lot acres
    Off-Market
    Property ID
    US66-1057207
    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
    $15,745,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CIC Agency Inc / Insurance Agency
    • The Moore Law Firm / Law Firm
    • Eastern Hills Internal Medicine/mdvip / Physician
    • Dr. William A. Martin, MD / Physician
    • Dr. Craig A. Sukin, MD / Physician

    Property Details for 1060 Nimitzview Dr

    Year built
    1991
    Lot size
    1.36 lot acres
    Property type
    Office buildings
    APN
    500-0271-0123-00
    APU
    5000271012300

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 10, 2025 — 1060 Building LLC — Deed · related $540k · Wesbanco Bank INC
    May 22, 2020 — 1060 Building LLC — Deed · related $685k · Wesbanco Bk
    Oct 23, 2018 — 1060 Building LLC — Deed · related —
    May 23, 2008 — 1060 Building LLC — Deed Of Trust · related $1.2M · Cbank
    Dec 21, 2000 $1,150,000 1060 Building LLC Rudolph,philip M Grant Deed $1M · Union Fsb
    — — 1060 Building LLC — Loan Modification · related —
    — — 1060 Building LLC — Deed Of Trust · related $685k · Wesbanco Bk
    — — 1060 Building LLC — Deed Of Trust · related $3.2M · Union Fsb

    Description

    This exceptional 2,632 square foot executive office building is located at 1060 Nimitzview Drive in Cincinnati, Ohio's desirable Anderson Township. Built in 1991, the single-tenant property boasts a spacious and functional layout, perfect for a variety of businesses. The entire 2,632 square feet is currently vacant and ready for immediate occupancy. The building features a desirable 9-foot ceiling height, creating a bright and airy atmosphere. Modern conveniences include an elevator for easy access to all levels. The property is zoned for office use, ensuring compliance with local regulations. Its strategic location within Anderson Township offers excellent accessibility and visibility, making it an attractive option for businesses seeking a prominent presence in a thriving commercial area. The property's single-tenant occupancy provides a unique opportunity for a business to establish its own identity and control its workspace. This is a rare opportunity to secure a well-maintained, functional office space in a highly sought-after location. The address is 1060 Nimitzview Dr, Cincinnati, OH 45230.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $20,345,000
      Market price range: $3.53M - $44.9M

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.3536
    Latitude
    39.0684
    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
    $46,505
    $110,565
    $373,492
    $484,057
    -
    $315,900
    $1,067,120
    $1,383,020

    Comparable in this City

    • Value Estimation
      $20,665,000
      5.09 Acres

      7794 5th Mile Rd

      OFFICE BUILDING
      7794 5th Mile Rd, Cincinnati, OH 45230-2368
      View Details
    • Value Estimation
      $8,395,000
      12,256 SF

      7164 Beechmont Ave

      OFFICE BUILDING
      7164 Beechmont Ave, Cincinnati, OH 45230-4162
      View Details
    • Value Estimation
      $2,125,000
      1,690 SF

      1139 Fehl Ln

      OFFICE BUILDING
      1139 Fehl Ln, Cincinnati, OH 45230-4349
      View Details
    • Value Estimation
      $4,130,000
      3,319 SF

      7333 Beechmont Ave

      OFFICE BUILDING
      7333 Beechmont Ave, Cincinnati, OH 45230-4118
      View Details
    • Value Estimation
      $1,685,000
      1,630 SF

      6235 Beechmont Ave

      OFFICE BUILDING
      6235 Beechmont Ave, Cincinnati, OH 45230-1902
      View Details
    • Value Estimation
      $4,305,000
      4,888 SF

      6136 Campus Ln

      OFFICE BUILDING
      6136 Campus Ln, Cincinnati, OH 45230-1682
      View Details

    Similar Nearby for Sale

    • $315,000

      Established Dental Office Space

      Well-equipped dental office with four treatment rooms.
      7655 5 Mile Rd, Anderson Twp, OH 45230
      View Details
    • New
      $425,000
      1.66 Acres

      Well-Maintained Office Condo Suite

      Suite features eight offices, lobby, and shared common areas in a well-maintained office condo with four building access points.
      7655 5 Mile Rd, Anderson Twp, OH 45230
      View Details
    • Contact for pricing
      4,274 SF

      Turnkey Multifamily Property in Cincinnati

      9-unit multifamily property in Mt. Washington neighborhood.
      2244 Salvador St, Cincinnati, OH 45230
      View Details
    • $60,000
      0.11 Acres

      Riverfront Community Building Site

      Building site with amenities in riverfront community with tax abatement.
      5776 Sanctuary Pl, Cincinnati, OH 45230
      View Details
    • $160,000
      0.11 Acres

      Riverfront Community Building Site

      Building site with community amenities in a riverfront community.
      5730 Sanctuary Pl, Cincinnati, OH 45230
      View Details
    • $275,000
      0.35 Acres

      Riverview Lot in Cincinnati Community

      Water and greenspace views in a riverfront community.
      19 Sanctuary Pl, Cincinnati, OH 45230
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      110 SF

      Office Space with Highway Access

      Office suites available with immediate highway access and free parking.
      1080 Nimitzview Dr, Cincinnati, OH 45230
      View Details
    • Contact for pricing

      Medical/Office Space Available For Rent

      Medical and office space available for lease.
      8000 5 Mile Rd, Cincinnati, OH 45230
      View Details
    • Contact for pricing

      Medical Office Space For Rent

      Medical office space available on Mercy Health Anderson Hospital Campus.
      Cincinnati, OH 45230
      View Details
    • Contact for pricing

      Office Space with Shared Amenities

      800 SF office space with shared conference room, kitchen.
      7250 Beechmont Ave, Cincinnati, OH 45230
      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.
    1060 Nimitzview Dr
    Cincinnati, OH 45230-4352
    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

    Thank You for Inquiry
    1060 Nimitzview Dr, Cincinnati, OH, 45230
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!