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

    11489 Princeton Pike Cincinnati, OH 45246-3219

    • Strip malls
    • 3,654 SF
    • 5.77 lot acres
    OFF-MARKET
    Last Sale
    Oct 28, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1961905
    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

    • Destiny Beauty Academy / Vocational School / Training Center

    Property Details for 11489 Princeton Pike

    Year built
    1975
    Lot size
    5.77 lot acres
    Property size
    3,654 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    599-0044-0015-00
    APU
    5990044001500

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.4681
    Latitude
    39.2847
    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
    $55,766
    $400,600
    $403,116
    $803,716
    -
    $1,144,570
    $1,151,760
    $2,296,330

    Comparable in this City

    • Value Estimation
      $1,140,000
      12,151 SF

      1623 Kemper Rd

      SHOPPING CENTER, STRIP CENTER • 12,151 SF
      1623 Kemper Rd, Cincinnati, OH 45246-2805
      View Details
    • Value Estimation
      $915,000
      34,266 SF

      290 Northland Blvd

      SHOPPING CENTER, STRIP CENTER • 34,266 SF
      290 Northland Blvd, Cincinnati, OH 45246-3614
      View Details
    • Value Estimation by Request
      0.95 Acres

      5 Kemper Rd

      SHOPPING CENTER, STRIP CENTER • 0.95 Acres
      5 Kemper Rd, Cincinnati, OH 45246-3224
      View Details
    • Value Estimation
      $825,000
      7,754 SF

      11620 Springfield Pike

      SHOPPING CENTER, STRIP CENTER • 7,754 SF
      11620 Springfield Pike, Cincinnati, OH 45246-3011
      View Details
    • Value Estimation by Request
      7,583 SF

      1530 Kemper Rd

      SHOPPING CENTER, STRIP CENTER • 7,583 SF
      1530 Kemper Rd, Cincinnati, OH 45246-3933
      View Details
    • Value Estimation
      $570,000
      5,168 SF

      7685 Doc Private Dr

      SHOPPING CENTER, STRIP CENTER • 5,168 SF
      7685 Doc Private Dr, West Chester, OH 45246
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      138,835 SF

      Cincinnati Office Building For Sale

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    • $275,000

      Development-Ready Land Parcel For Sale

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      Prime Cincinnati Office Land

      7.6-acre parcel, excellent location.
      1141 Kemper Rd, Cincinnati, OH 45246
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    • $900,000

      7.639 Acre Commercial Land Parcel

      7.639 acre parcel with all utilities and frontage.
      1141 E Kemper Rd, Cincinnati, OH 45246
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      Land in Springdale, OH

      Land with access to I-275 and I-75.
      12064 Springfield Pike, Cincinnati, OH 45246
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,400 SF

      Retail Space in Power Center

      Retail space available in Cincinnati, OH, anchored by major retailers.
      425-481 E Kemper Rd, Cincinnati, OH 45246
      View Details
    • Contact for pricing

      Retail Space in Springdale Corridor

      High-visibility retail space available in Springdale, Greater Cincinnati.
      11925 Commons Dr, Springdale, OH 45246
      View Details
    • Contact for pricing
      33,138 SF

      Retail Space Near Tri-County Mall

      Anchor and in-line retail spaces with high visibility and signage.
      11360-11444 Princeton Pike, Cincinnati, OH 45246
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space in Springdale, OH

      4,000 SF retail space in a busy Springdale center.
      600-810 Kemper Commons Cir, Cincinnati, OH 45246
      View Details
    • Contact for pricing
      122,000 SF

      Former Retail Space in Cincinnati

      Large divisible retail space in Springdale's retail corridor.
      11725-11925 Commons Dr, Cincinnati, OH 45246
      View Details
    • $14 SF/Yr

      Springdale Retail Space For Lease

      Retail space in Springdale, adjacent to I-275 interchange.
      11770 Springfield Pike, Cincinnati, OH 45246
      View Details
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    Cincinnati, OH 45246-3219
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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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