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

    135 Garfield Pl Cincinnati, OH 45202-5724

    • Apartment buildings
    • 210,312 SF
    • 1.26 lot acres
    OFF-MARKET
    Value Estimations
    $11,730,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1364325
    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

    • Gramercy on Garfield / Apartment Building
    • Insert Function / Business Management Consultant
    • Mc Evilley R Michael / Law Firm
    • Combs Eric K / Law Firm
    • Mc Evilley & Mc Evilley / Law Firm

    Property Details for 135 Garfield Pl

    Year built
    1992
    Lot size
    1.26 lot acres
    Property size
    210,312 SF
    Property type
    Apartment buildings
    APN
    077-0001-0118-00
    APU
    770001011800

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $16,262,000
      Market price range: $7.51M - $40.4M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $17,670,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $18,240,000
      Change: +3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.5163
    Latitude
    39.1036
    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
    $336,843
    $538,706
    $3,510,405
    $4,049,111
    -
    $1,539,160
    $10,029,730
    $11,568,890

    Comparable in this City

    • Value Estimation by Request
      0.96 Acres

      100 Central Pkwy

      APARTMENT HOUSE (5+ UNITS) • 0.96 Acres
      100 Central Pkwy, Cincinnati, OH 45202-7240
      View Details
    • Value Estimation by Request
      1.21 Acres

      309 Vine St

      APARTMENT HOUSE (5+ UNITS) • 1.21 Acres
      309 Vine St, Cincinnati, OH 45202-3524
      View Details
    • Value Estimation by Request
      2.04 Acres

      1310 Sycamore St

      APARTMENT HOUSE (5+ UNITS) • 2.04 Acres
      1310 Sycamore St, Cincinnati, OH 45202-0003
      View Details
    • Value Estimation by Request
      0.97 Acres

      716 Sycamore St

      APARTMENT HOUSE (5+ UNITS) • 0.97 Acres
      716 Sycamore St, Cincinnati, OH 45202-2176
      View Details
    • Value Estimation
      $12,125,000
      148,769 SF

      111 Garfield Pl

      APARTMENT HOUSE (5+ UNITS) • 148,769 SF
      111 Garfield Pl, Cincinnati, OH 45202-1946
      View Details
    • Value Estimation by Request

      121 Freedom Way

      APARTMENT HOUSE (5+ UNITS)
      121 Freedom Way, Cincinnati, OH 45202-3478
      View Details

    Similar Nearby for Sale

    • $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
    • $900,000
      0.10 Acres

      Land with City/River Views

      Double flat lot with a four-unit building in Cincinnati.
      1112 Fuller St, Cincinnati, OH 45202
      View Details
    • $575,000
      3,476 SF

      Historic Over-the-Rhine Tenement Building

      Rare opportunity to own a piece of Cincinnati history.
      1808 Vine St, Cincinnati, OH 45202
      View Details
    • $169,000
      Pending

      Two-Family Home Near Downtown

      Two-family home near downtown Cincinnati, perfect for investors.
      2129 Rice St, Cincinnati, OH 45202
      View Details
    • Contact for pricing
      3,080 SF

      Restaurant Space in St. Bernard

      3,080 SF restaurant with fixtures and seating for 103.
      4727 Vine St, Cincinnati, OH 45202
      View Details

    Similar Nearby for Lease

    • $210 SF/Yr
      13,471 SF

      Mt. Adams Office Suites Available

      Charming Cincinnati office space, 6 suites available.
      1111 St Gregory 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
    • Contact for pricing
      5,000 SF

      Office and Retail Flex Space

      Office and retail flex spaces available for lease.
      123-127 E 4Th 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
    • Contact for pricing
      1,000 SF

      Office Space Near Entertainment Venues

      1,000 SF office space near popular Cincinnati destinations.
      1117 Broadway 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
    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.
    135 Garfield Pl
    Cincinnati, OH 45202-5724
    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!