Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1234 Omniplex Dr Cincinnati, OH 45240-1279
    Property profile & analytics

    1234 Omniplex Dr, Cincinnati, OH 45240-1279

    View on Map
    • Hotels
    • 1.59 lot acres
    Off-Market
    Property ID
    US66-2171176
    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

    • Comfort Suites Cincinnati North / Hotel & Motel

    Property Details for 1234 Omniplex Dr

    Lot size
    1.59 lot acres
    Property type
    Hotels
    APN
    591-0027-0071-00
    APU
    5910027007100

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 12, 2007 $725,000 Snk Hotels LLC Omniplex Incorporated Grant Deed —
    Apr 20, 1998 — Omniplex INC Home Depot U S A INC Quit Claim Deed · related —
    — — Snk Hotels LLC — Deed Of Trust · related $4.3M · Integra Bank Pittsburgh
    — — Snk Hotels LLC — Loan Modification · related $4.3M · Citizens Deposit Bk

    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
    -84.5256
    Latitude
    39.3029
    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
    $131,508
    $157,622
    $1,632,683
    $1,790,305
    -
    $450,350
    $4,664,810
    $5,115,160

    Comparable in this City

    • Value Estimation
      $7,605,000
      2.58 Acres

      12001 Chase Plz

      HOTEL
      12001 Chase Plz, Cincinnati, OH 45240-1950
      View Details
    • Value Estimation
      $2,550,000
      3.07 Acres

      11967 Chase Plz

      HOTEL
      11967 Chase Plz, Cincinnati, OH 45240-1943
      View Details
    • Value Estimation by Request
      0.38 Acres

      Kemper Rd

      VACANT COMMERCIAL LAND
      Kemper Rd, Cincinnati, OH 45240
      View Details
    • Value Estimation by Request
      7.27 Acres

      1775 Carillion Blvd

      VACANT COMMERCIAL LAND
      1775 Carillion Blvd, Cincinnati, OH 45240-2805
      View Details
    • Value Estimation by Request
      7.00 Acres

      1760 Carillion Blvd

      WAREHOUSE, STORAGE
      1760 Carillion Blvd, Cincinnati, OH 45240-2795
      View Details
    • Value Estimation by Request
      0.81 Acres

      11651 Norbourne Dr

      VACANT COMMERCIAL LAND
      11651 Norbourne Dr, Cincinnati, OH 45240-2100
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Land Near Home Depot

      Approximately 4.5 acres of commercially zoned land for sale.
      1266 Omniplex 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
    • 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
    • $2,150,000
      42,836 SF

      Office and Industrial Space Available

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

      Former Supercenter on 25+ Acres

      Large retail space on 25+ acres, accessible from I-275.
      1143 Smiley Ave, Cincinnati, OH 45240
      View Details
    • Contact for pricing
      17,992 SF

      Kemper Meadows Office Park

      51,192 SF office park in Cincinnati, OH for sale.
      1255 Kemper Meadow Dr, Cincinnati, OH 45240
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      OH, Cincinnati - Kemper Meadow Dr

      Workspaces, services and support to help you work better in CA, San Bernadino - Arrowhead Ave
      1255 Kemper Meadow Dr, Cincinnati, OH 45240
      View Details
    • Contact for pricing
      11,023 SF

      Retail Space in Retail Center

      11,023 SF retail space with excellent signage and parking.
      1183 Smiley Ave, Cincinnati, OH 45240
      View Details
    • Contact for pricing
      13,605 SF

      Remodeled Flex Space Available

      Flex and industrial spaces for lease near Interstate 275.
      1330 Kemper Meadow Dr, Cincinnati, OH 45240
      View Details
    • Contact for pricing
      19,257 SF

      Flex Space in Established Park

      19,257 SF flex space with planned renovations.
      11820 Kemper Springs Dr, Cincinnati, OH 45240
      View Details
    • Contact for pricing
      854 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
      7,000 SF

      Forest Park Flex Space Available

      Flex space near I-275 with office, warehouse, and manufacturing.
      11275 Sebring 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.
    1234 Omniplex Dr
    Cincinnati, OH 45240-1279
    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
    1234 Omniplex Dr, Cincinnati, OH, 45240
    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!