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    130 Tri County Pkwy Cincinnati, OH 45246
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    130 Tri County Pkwy Cincinnati, OH 45246

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    • Office buildings
    For Lease
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    Office Space For Rent For Lease
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    23,512 SF

    Office Space For Rent

    23,512 SF office space available for rent.

    130 Tri County Pkwy, Cincinnati, OH 45246
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    Property ID
    US66-5652695
    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

    • Welcome to TRI COUNTY VISITING NURSES Tri County Visiting Nurses / Home Health Care Service / Nursing Agency
    • Tri State Ocular Prosthetics / Orthotics & Prosthetics Service
    • Reschelle McKinney at CrossCountry Mortgage / Loan Service / Bank
    • PAYGRAM / Employment Agency / Business Service Center
    • CMFIT GLOBAL HEALTH CONSULTING, CORP / Community Health Centre

    Property Details for 130 Tri County Pkwy

    Year built
    1975
    Property type
    Office buildings
    Property subtype
    Commercial real estate

    Description

    23,512 SF of space available at 130 Tri County parkway. The aggressive rental rate makes the building perfect for any type of business.

    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
    Clermont
    State
    Ohio
    Longitude
    -84.4736062
    Latitude
    39.2832029

    Comparable in this City

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      Office building with suites available from 213 to 30,872 SF.
      175 Tri County Pkwy, Springdale, OH 45246
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      1,494 SF

      Class A Office Space Available

      89,327 SF Class A office space for rent.
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      Springdale Office Building For Lease

      38,142 SF office building with great highway access.
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      2,646 SF

      Seven-Story Office Building For Lease

      Office space available in a seven-story building with amenities.
      11499 Chester Rd, Cincinnati, OH 45246
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      1,494 SF

      Class A Office Space Available

      Office space for lease in Cincinnati, Ohio.
      135 Merchant St, Cincinnati, OH 45246
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      687 SF

      Available Office Space For Rent

      Office building with newly renovated tenant lounge and signage opportunities.
      11499 Chester Rd, Cincinnati, OH 45246
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    Similar Nearby for Sale

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      138,835 SF

      Cincinnati Office Building For Sale

      Office building with convenient highway access and signage opportunities.
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      11,141 SF

      Former Day-Care/Office/Medical Building For Sale

      Stand-alone 11,141 SF building suitable for day-care, office, or medical.
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      174,544 SF

      Office Building in Cincinnati, OH

      Office building with 43,638 SF available for lease.
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      4,915 SF

      High-Visibility Commercial Building in Sharonville

      Commercial building suitable for retail, office, restaurant, or service-based businesses.
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      5,180 SF

      Visible Office Space Available

      General office space with private offices and exterior signage.
      12124 Sheraton Ln, Springdale, OH 45246
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    • $900,000

      7.639 Acre Commercial Parcel

      7.639 acre commercial parcel with all utilities available.
      1141 East Kemper Rd, Cincinnati, OH 45246
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    Similar Nearby for Lease

    • Contact for pricing

      Office Space for Rent

      Office building with suites available from 213 to 30,872 SF.
      175 Tri County Pkwy, Springdale, OH 45246
      View Details
    • Contact for pricing
      1,494 SF

      Class A Office Space Available

      89,327 SF Class A office space for rent.
      135 Merchant St, Cincinnati, OH 45246
      View Details
    • $7,031 /Mo

      Springdale Office Building For Lease

      38,142 SF office building with great highway access.
      150 Tri County Pkwy, Springdale, OH 45246
      View Details
    • Contact for pricing
      2,646 SF

      Seven-Story Office Building For Lease

      Office space available in a seven-story building with amenities.
      11499 Chester Rd, Cincinnati, OH 45246
      View Details
    • Contact for pricing
      1,494 SF

      Class A Office Space Available

      Office space for lease in Cincinnati, Ohio.
      135 Merchant St, Cincinnati, OH 45246
      View Details
    • Contact for pricing
      687 SF

      Available Office Space For Rent

      Office building with newly renovated tenant lounge and signage opportunities.
      11499 Chester Rd, Cincinnati, OH 45246
      View Details
    View Listing
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    130 Tri County Pkwy
    Cincinnati, OH 45246
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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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