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    1204 Main St Hamilton, OH 45044

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    1204 Main St Hamilton, OH 45044

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    • Community centers
    • 65,652 SF
    • 1.72 lot acres
    For Lease
    $4,280,000
    View Listing →
    Retail Space in Town Center For Lease
    $4,280,000
    2,405 SF

    Retail Space in Town Center

    Retail spaces available in high-traffic shopping center.

    1204 Main St, Hamilton, OH
    View Listing
    Property ID
    US66-2818204
    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
    $4,280,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bargain Hunt / Discount Store
    • Mullen Brothers Exterminators / Garden Center

    Property Details for 1204 Main St

    Year built
    1975
    Lot size
    1.72 lot acres
    Property size
    65,652 SF
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    P6411-119.000-002
    APU
    P6411119000002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,185,000
      ML approach
      $4,085,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $6,835,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Hamilton
    County
    Butler
    State
    Ohio
    Longitude
    -84.586
    Latitude
    39.4182
    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
    $57,608
    $131,270
    $936,290
    $1,067,560
    -
    $375,050
    $2,675,110
    $3,050,160

    Comparable in this City

    • Value Estimation
      $7,150,000
      102,170 SF

      702 Washington Blvd

      MINI-MALL • 102,170 SF
      702 Washington Blvd, Hamilton, OH 45013-1278
      View Details
    • Value Estimation
      $4,055,000
      40,133 SF

      1440 Main St

      MINI-MALL • 40,133 SF
      1440 Main St, Hamilton, OH 45013-1074
      View Details
    • Value Estimation
      $1,490,000
      79,856 SF

      64 Brookwood Ave

      MINI-MALL • 79,856 SF
      64 Brookwood Ave, Hamilton, OH 45013-1210
      View Details
    • Value Estimation
      $4,200,000
      3.51 Acres

      Main St

      MINI-MALL • 3.51 Acres
      Main St, Hamilton, OH 45013
      View Details
    • Value Estimation by Request
      0.08 Acres

      Main St

      SHOPPING CENTER, STRIP CENTER • 0.08 Acres
      Main St, Hamilton, OH 45013
      View Details
    • Value Estimation
      $550,000
      6,944 SF

      41 Brookwood Ave

      SHOPPING CENTER, STRIP CENTER • 6,944 SF
      41 Brookwood Ave, Hamilton, OH 45013-1209
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      23,802 SF

      Retail Space in Hamilton, OH

      Retail space available in newly renovated Hamilton property.
      877 NW Washington Blvd, Hamilton, OH 45013
      View Details
    • $332,900
      Pending

      46+ Acre Recreational Land Tract

      Private 46+ acre tract with recreation and agricultural potential.
      Depot Rd, Hamilton, OH 45013
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    • Contact for pricing

      Commercial Land Opportunity in Hamilton

      0.73 acre commercial land with frontage on Eden Park Dr.
      850 NW Washington Blvd, Hamilton, OH 45013
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    • $525,000

      Office Space For Sale

      Office space available for purchase in Hamilton, OH.
      1390 Eaton Ave, Hamilton, OH 45013
      View Details
    • $725,000

      Hamilton Office Building For Sale

      Remodeled office building in Hamilton's Historic Business District.
      15 S D St, Hamilton, OH 45013
      View Details
    • $195,000
      Pending

      Millville Triplex Near SR27

      Clean triplex in Ross Twp with recent upgrades.
      2886 Water St, Hamilton, OH 45013
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Available For Lease

      Retail spaces ranging from 1,160 to 33,961 SF available.
      1224 Main St, Hamilton, OH 45013
      View Details
    • Contact for pricing

      Retail Space with Pylon Signage

      Retail space available for rent with potential outparcel opportunity.
      1510 Plaza Dr, Hamilton, OH 45013
      View Details
    • Contact for pricing

      Retail Opportunity Inside Meijer Store

      Prime retail space available within high-traffic Meijer stores.
      1560 Main St, Hamilton, OH 45013
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail spaces available for lease on Main Street.
      1416-1480 Main St, Hamilton, OH 45013
      View Details
    • $14 SF/Yr

      Retail Space Available For Lease

      Retail spaces available, join Ace Hardware & Dollar Tree.
      1510 Plaza Dr, Hamilton, OH 45013
      View Details
    • $2,500 /Mo
      2,050 SF

      Retail End-Cap on Main Street

      2,050 SF retail space with high visibility and access.
      1020 Main St, Hamilton, OH 45013
      View Details
    View Listing
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    1204 Main St
    Hamilton, OH 45044
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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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