Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    11198 Main St Cincinnati, OH 45241
    Back to Search
    Property profile & analytics

    11198 Main St, Cincinnati, OH 45241

    View on Map
    • Office buildings
    • 900 SF
    • 0.21 lot acres
    Off-Market
    Last Sale Jun 4, 2024
    Property ID
    US66-1440407
    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

    • Office buildings

    Property Details for 11198 Main St

    Year built
    1975
    Lot size
    0.21 lot acres
    Property type
    Office buildings
    APN
    608-0005-0001-00
    APU
    6080005000100

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 4, 2024 — Community Improvement Corp Of Sharo Joyce Black Fiduciary Deed —
    Sep 6, 2023 — Joyce Black Alma J Brown Affidavit Of Death Of Joint Tenant —
    Dec 14, 2022 — The Alma Jean Brown Living Trust Alma J Brown Transfer On Death Deed · related —
    Aug 28, 2015 — Alma J Brown Brown,jack C Affidavit Of Death · related —
    — — Jack C Brown — Deed Of Trust · related $30k · Valley Central Savings Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.4112
    Latitude
    39.2727
    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
    $2,293
    $27,738
    $6,573
    $34,311
    -
    $79,250
    $18,780
    $98,030

    Comparable in this City

    • Value Estimation by Request
      4.68 Acres

      100 Business Way

      OFFICE BUILDING (MULTI-STORY)
      100 Business Way, Cincinnati, OH 45241-2372
      View Details
    • Value Estimation by Request
      9.34 Acres

      300 Business Way

      OFFICE BUILDING (MULTI-STORY)
      300 Business Way, Cincinnati, OH 45241-2384
      View Details
    • Value Estimation by Request
      4,663 SF

      10268 Reading Rd

      OFFICE BUILDING
      10268 Reading Rd, Cincinnati, OH 45241-3225
      View Details
    • Value Estimation by Request
      9,472 SF

      9888 Reading Rd

      OFFICE BUILDING
      9888 Reading Rd, Cincinnati, OH 45241-3104
      View Details
    • Value Estimation by Request
      9,682 SF

      10948 Reading Rd

      OFFICE BUILDING (MULTI-STORY)
      10948 Reading Rd, Cincinnati, OH 45241-2556
      View Details
    • Value Estimation by Request
      2.05 Acres

      11427 Reed Hartman Hwy

      OFFICE BUILDING
      11427 Reed Hartman Hwy, Blue Ash, OH 45241-2418
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      81,084 SF

      Vacant Cincinnati Office Building

      Three-story, 81,084 SF vacant office building on 5.74 acres.
      3 Crowne Point Dr, Cincinnati, OH 45241
      View Details
    • Contact for pricing
      4,950 SF

      Single-Story Brick Office Building

      Single-story brick office building with a loading dock and off-street parking, suited for owner-occupants or office investors.
      10855 Indeco Dr, Cincinnati, OH 45241
      View Details
    • Contact for pricing
      4,950 SF

      Blue Ash Office For Sale

      4,950 SqFt office space available in Blue Ash, OH.
      10855 Indeco Dr, Blue Ash, OH 45241
      View Details
    • $5,900,000

      New Retail Center on US-42

      New Class A retail center with spaces for sale.
      9774 Cincinnati Columbus Rd, Cincinnati, OH 45241
      View Details
    • Contact for pricing
      5,760 SF

      Medical Office Condo For Sale

      5,760± SF medical office condo available for purchase.
      2950 Glendale Milford Rd, Cincinnati, OH 45241
      View Details
    • New
      Contact for pricing
      7,380 SF

      Historic Office Suite with Private Entry

      Third-floor suite with five offices, conference room, private bath, kitchen, and on-site parking.
      11006 Reading Rd, Sharonville, OH 45241
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Modern Office Space with Amenities

      Renovated office building near I-275 & I-71 with modern amenities.
      50 E Business Way, Cincinnati, OH 45241
      View Details
    • Contact for pricing

      Office Space for Rent

      Office building available for lease in Sharonville, OH.
      300 E Business Way, Sharonville, OH 45241
      View Details
    • Contact for pricing

      Summit Woods II

      Discover many ways to work your way in Summit Woods II
      300 Business Way, Sharonville, OH 45241
      View Details
    • Contact for pricing
      33,369 SF

      Reed Hartman Highway Office Space

      Office spaces available for lease in Reed Hartman Business Park.
      11315 Reed Hartman Hwy, Blue Ash, OH 45241
      View Details
    • Contact for pricing

      Renovated Office Space Available

      Office space for rent with major renovations and ample parking.
      400 E Business Way, Sharonville, OH 45241
      View Details
    • Contact for pricing

      Flexible Workspace Solutions Available

      Global network of workspaces with tailored options for rent.
      3660 Park 42 Dr, Sharonville, 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.
    11198 Main St
    Cincinnati, OH 45241
    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
    11198 Main St, Cincinnati, OH, 45241
    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!