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

    11179 Cornell Pl Blue Ash, OH 45242

    • Retail space
    • 9,000 SF
    • 1.64 lot acres
    OFF-MARKET
    Last Sale
    Dec 14, 2022
    $1,150,000
    Value Estimations
    $1,105,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2000531
    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

    • Retail space

    Property Details for 11179 Cornell Pl

    Year built
    1985
    Lot size
    1.64 lot acres
    Property size
    9,000 SF
    Property type
    Retail space
    APN
    612-0170-0225-00
    APU
    6120170022500

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,000,000
      ML approach
      $1,125,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $865,000
      Current use
      AUTO REPAIR, GARAGE
      $1,650,000
      Change: +91% Conversion: Difficult
      RESTAURANT
      $1,495,000
      Change: +73% Conversion: Easy
      OFFICE BUILDING
      $1,050,000
      Change: +22% Conversion: Easy
      MEDICAL BUILDING
      $1,045,000
      Change: +21% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $795,000
      Change: -8% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $780,000
      Change: -10% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $755,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Blue Ash
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.3807
    Latitude
    39.2703
    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
    $18,311
    $156,044
    $98,280
    $254,324
    -
    $445,840
    $280,800
    $726,640

    Comparable in this City

    • Value Estimation by Request
      1,614 SF

      9424 Shelly Ln

      RETAIL STORES (PERSONAL SERVICES) • 1,614 SF
      9424 Shelly Ln, Montgomery, OH 45242-7610
      View Details
    • Value Estimation by Request
      1,856 SF

      9429 Montgomery Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,856 SF
      9429 Montgomery Rd, Montgomery, OH 45242-7602
      View Details
    • Value Estimation by Request
      1,045 SF

      11551 Deerfield Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,045 SF
      11551 Deerfield Rd, Cincinnati, OH 45242-1419
      View Details
    • Value Estimation by Request
      1.48 Acres

      6745 Cornell Rd

      RETAIL STORES (PERSONAL SERVICES) • 1.48 Acres
      6745 Cornell Rd, Blue Ash, OH 45242-2039
      View Details
    • Value Estimation by Request
      1,325 SF

      7872 Cooper Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,325 SF
      7872 Cooper Rd, Montgomery, OH 45242-7612
      View Details
    • Value Estimation by Request
      2,802 SF

      8976 Blue Ash Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,802 SF
      8976 Blue Ash Rd, Cincinnati, OH 45242-7810
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      13 SF

      Retail Space in Montgomery Quarter

      Retail suites available in vibrant Montgomery Quarter, Cincinnati.
      9300 Montgomery Rd, Cincinnati, OH 45242
      View Details
    • $1,500,000
      7,730 SF

      Retail Building on Montgomery Road

      Single tenant building with high visibility and accessibility.
      9689 Montgomery Rd, Cincinnati, OH 45242
      View Details
    • $1,075,000
      Pending

      Blue Ash Commercial Investment Opportunity

      Profitable commercial building with long-term tenant in Blue Ash.
      4767 Creek Rd, Blue Ash, OH 45242
      View Details
    • $6,925,000
      9,685 SF

      Cincinnati Daycare Investment

      High-growth daycare, NNN lease, strong NOI.
      4200 Cooper Rd, Cincinnati, OH 45242
      View Details
    • $700,000
      2,484 SF

      Former Restaurant with Hood System

      2,484 SF former restaurant near Summit Park for sale.
      10738 Kenwood Rd, Blue Ash, OH 45242
      View Details
    • $1,190,000
      16,760 SF

      Blue Ash Office Building

      Two-story office building in Blue Ash Business District.
      11223 Cornell Park Dr, Blue Ash, OH 45242
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      4,000 SF

      Prime Retail Space Available

      Excellent visibility retail space with high traffic and natural light.
      9405 Kenwood Rd, Blue Ash, OH 45242
      View Details
    • $25 SF/Yr
      4,280 SF

      Restaurant Space in Old Montgomery

      Restaurant space with patio in a desirable community.
      9321 Montgomery Rd, Cincinnati, OH 45242
      View Details
    • $452 /Mo
      15,200 SF

      Renovated Office Suites in Blue Ash

      Updated office suites in downtown Blue Ash with ample parking.
      9420 Towne Square Ave, Blue Ash, OH 45242
      View Details
    • Contact for pricing
      53,000 SF

      Downtown Blue Ash Retail Space

      Retail and restaurant space in the heart of Blue Ash.
      4750 Cooper Rd, Blue Ash, OH 45242
      View Details
    • Contact for pricing
      2,720 SF

      Retail Space on Montgomery Road

      Retail spaces available with high visibility on Montgomery Road.
      10000-10040 Montgomery Rd, Cincinnati, OH 45242
      View Details
    • $19 SF/Yr
      2,400 SF

      Updated Retail Space with Offices

      Well-maintained retail space featuring an open layout and private offices.
      7842 Cooper Rd, Cincinnati, OH 45242
      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.
    11179 Cornell Pl
    Blue Ash, OH 45242
    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.