Add Listing
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

    1198 Kemper Rd Cincinnati, OH 45240-1708

    • Medical Office Space
    • 31,983 SF
    • 1.42 lot acres
    OFF-MARKET
    Last Sale
    Jan 12, 2022
    Value Estimations
    $2,585,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2255972
    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

    • Fresenius Kidney Care Forest Fair / Medical Clinic
    • Jerome S. Jackson, RPH / Pharmacy

    Property Details for 1198 Kemper Rd

    Year built
    1973
    Lot size
    1.42 lot acres
    Property size
    31,983 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    591-0011-0136-00
    APU
    5910011013600

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,313,000
      Market price range: $2.31M - $5.91M
      AI Estimate
      $1,745,000
      Market price range: $1.75M - $5.11M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $3,715,000
      Current use
      OFFICE BUILDING
      $3,395,000
      Change: -9% Conversion: Easy
      RETAIL STORES
      $3,070,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.5228
    Latitude
    39.2896
    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
    $44,362
    $257,978
    $218,285
    $476,263
    -
    $737,080
    $623,670
    $1,360,750

    Comparable in this City

    • Value Estimation by Request
      2,436 SF

      772 Waycross Rd

      MEDICAL BUILDING • 2,436 SF
      772 Waycross Rd, Cincinnati, OH 45240-3141
      View Details
    • Value Estimation by Request
      2.57 Acres

      1145 Kemper Mdw Dr

      MEDICAL BUILDING • 2.57 Acres
      1145 Kemper Mdw Dr, Cincinnati, OH 45240-4118
      View Details
    • Value Estimation by Request
      8,050 SF

      680 Northland Blvd

      MEDICAL BUILDING • 8,050 SF
      680 Northland Blvd, Cincinnati, OH 45240-3248
      View Details
    • Value Estimation by Request
      1,978 SF

      741 Waycross Rd

      MEDICAL BUILDING • 1,978 SF
      741 Waycross Rd, Cincinnati, OH 45240-3144
      View Details
    • Value Estimation
      $550,000
      10,518 SF

      1291 Kemper Mdw Dr

      MEDICAL BUILDING • 10,518 SF
      1291 Kemper Mdw Dr, Cincinnati, OH 45240-1633
      View Details
    • Value Estimation by Request
      2,928 SF

      11320 Kenn Rd

      MEDICAL BUILDING • 2,928 SF
      11320 Kenn Rd, Cincinnati, OH 45240-2526
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      51,192 SF

      Kemper Meadow Office Park: Value-Add Opportunity

      Three office buildings, 51,192 SF, Cincinnati.
      1255 Kemper Meadow Dr, Cincinnati, OH 45240
      View Details
    • Contact for pricing

      Kemper Meadow Office Park

      51,192 SF office park in Cincinnati, OH for sale.
      1251 Kemper Meadow Dr, Cincinnati, OH 45240
      View Details
    • Contact for pricing
      210,000 SF

      Cincinnati Office Building For Sale

      210000 square foot office building in Cincinnati, Ohio.
      1880 Waycross Rd, Cincinnati, OH 45240
      View Details
    • $2,150,000
      42,836 SF

      Office and Industrial Space Available

      42,836 SF office and industrial space on 7.53 acres.
      1280 Kemper Meadow Dr, Cincinnati, OH 45240
      View Details
    • Contact for pricing
      203,818 SF

      Prime Cincinnati Retail Opportunity

      Vacant Supercenter - 203,818 SF
      1143 Smiley Ave, Cincinnati, OH 45240
      View Details
    • Contact for pricing
      0.18 Acres

      Residential Land in Forest Park

      Single-family home building lot in established neighborhood.
      888 W Kemper Rd, Forest Park, OH 45240
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,500 SF

      Waycross Medical Office Building

      Single-tenant medical office, 3,500 sq ft.
      752 Waycross Rd, Cincinnati, OH 45240
      View Details
    • Contact for pricing
      12,000 SF

      Refreshed Office Center with Walkways

      96,000 SF center with large parking and great visibility.
      1102-1192 W Kemper Rd, Cincinnati, OH 45240
      View Details
    • Contact for pricing
      7,500 SF

      Flex Space Available For Rent

      Flex space with office and warehouse suites available for rent.
      584 Northland Blvd, Cincinnati, OH 45240
      View Details
    • Contact for pricing
      19,257 SF

      Flex Space in Established Business Park

      19,257 SF flex space with planned renovations.
      11820 Kemper Springs Dr, Cincinnati, OH 45240
      View Details
    • $7 SF/Yr

      Kemper Meadow Office Park Space

      Class 'B' office space near I-275 and I-75.
      1251 Kemper Meadow Dr, Cincinnati, OH 45240
      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.
    1198 Kemper Rd
    Cincinnati, OH 45240-1708
    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.
    Sign Up Successful!
    You now have access to more from Realmo!