Sign Up Successful!
You now have access to more from Realmo!
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

    1338 Main St Cincinnati, OH 45202-6322

    • Retail residential properties
    • 9,792 SF
    • 0.04 lot acres
    OFF-MARKET
    Last Sale
    Nov 18, 2022
    $585,000
    Value Estimations
    $605,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1941442
    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

    • Retail residential properties

    Property Details for 1338 Main St

    Year built
    1850
    Lot size
    0.04 lot acres
    Property size
    9,792 SF
    Property type
    Retail residential properties
    APN
    075-0004-0073-00
    APU
    750004007300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $655,000
      ML approach
      $625,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $582,000
      Market price range: $370k - $1.02M

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.5118
    Latitude
    39.1109
    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
    $9,383
    $62,727
    $123,158
    $185,885
    -
    $179,220
    $351,880
    $531,100

    Comparable in this City

    • Value Estimation by Request
      0.14 Acres

      126-128 6th St

      STORES & APARTMENTS • 0.14 Acres
      126-128 6th St, Cincinnati, OH 45202
      View Details
    • Value Estimation by Request
      0.11 Acres

      124 7th St

      STORES & APARTMENTS • 0.11 Acres
      124 7th St, Cincinnati, OH 45202-2577
      View Details
    • Value Estimation by Request

      119 Mcmicken Ave

      STORES & APARTMENTS
      119 Mcmicken Ave, Cincinnati, OH 45202-6581
      View Details
    • Value Estimation by Request

      1833 Vine St

      STORES & APARTMENTS
      1833 Vine St, Cincinnati, OH 45202-7904
      View Details
    • Value Estimation by Request
      0.16 Acres

      1600 Walnut St

      STORES & APARTMENTS • 0.16 Acres
      1600 Walnut St, Cincinnati, OH 45202-8514
      View Details
    • Value Estimation by Request
      0.05 Acres

      1045 Saint Gregory St

      STORES & APARTMENTS • 0.05 Acres
      1045 Saint Gregory St, Cincinnati, OH 45202-1733
      View Details

    Similar Nearby for Sale

    • $1,500,000
      10,420 SF

      Mixed-Use Building in Downtown Cincinnati

      Multi-level mixed-use building in the heart of Downtown Cincinnati.
      6 W 4Th St, Cincinnati, OH 45202
      View Details
    • $1,350,000
      17,805 SF

      Downtown Cincinnati Mixed-Use Gem

      Prime location, 17,805 SF, vacant, $1.35M
      112 3Rd St, Cincinnati, OH 45202
      View Details
    • $1,100,000
      7,164 SF

      Downtown Cincinnati Mixed-Use Gem

      Prime location, vacant, value-add opportunity.
      707 Main St, Cincinnati, OH 45202
      View Details
    • $990,000
      5,512 SF

      Turn-Key Restaurant Space in Pendleton

      High-visibility corner location in Cincinnati's vibrant Pendleton District.
      331 E 13Th St, Cincinnati, OH 45202
      View Details
    • Contact for pricing
      1,364 SF

      Established Cincinnati Bar and Restaurant

      Fully equipped bar and restaurant with a coveted liquor license.
      403 Oregon St, Cincinnati, OH 45202
      View Details
    • Contact for pricing
      8,736 SF

      Available Flex Space in Cincinnati

      8,736 SF flex space available for sale.
      59 E Main St, Cincinnati, OH 45202
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,700 SF

      New Mixed-Use Development Retail Space

      Prime retail space in thriving urban environment near TQL Stadium.
      1617 Elm St, Cincinnati, OH 45202
      View Details
    • $13 SF/Yr
      501,024 SF

      PNC Center: Premier Cincinnati Office Space

      Downtown Cincinnati Office, 11 Suites Available
      201 5Th St, Cincinnati, OH 45202
      View Details
    • $25 SF/Yr
      18,522 SF

      Prime Cincinnati Retail Space

      18,522 SF Former Walgreens Available
      601 Race St, Cincinnati, OH 45202
      View Details
    • $12 SF/Yr
      112,000 SF

      Downtown Cincinnati Office Space

      Class B Office, 8 Suites Available
      537 Pete Rose Way, Cincinnati, OH 45202
      View Details
    • $25 SF/Yr
      3,700 SF

      Prime Cincinnati Retail/Office Space

      High-visibility corner location, 3700 sq ft.
      39 Court St, Cincinnati, OH 45202
      View Details
    • $11 SF/Yr
      34,388 SF

      Prime Cincinnati Executive Suites

      Modern Office Space, Multiple Sizes Available
      30 3Rd St, Cincinnati, OH 45202
      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.
    1338 Main St
    Cincinnati, OH 45202-6322
    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.