Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1447 Millville Shandon Rd Hamilton, OH 45013-7609

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1447 Millville Shandon Rd Hamilton, OH 45013-7609

    View on Map
    • Medical Office Space
    • 1,968 SF
    • 2.73 lot acres
    Off-Market
    Last Sale Oct 5, 2022
    Property ID
    US66-1306444
    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

    • Agri-Pet Veterinary Service / Veterinary Clinic
    • Agri-Pet Veterinary Services: Kraushar D J DVM / Veterinary Clinic
    • Everett a E DVM / Veterinary Clinic

    Property Details for 1447 Millville Shandon Rd

    Year built
    1976
    Lot size
    2.73 lot acres
    Property size
    1,968 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    K4610-005.000-053
    APU
    K4610005000053

    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
    Hamilton
    County
    Butler
    State
    Ohio
    Longitude
    -84.6748
    Latitude
    39.3804
    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
    $3,703
    $17,190
    $60,620
    $77,810
    -
    $49,100
    $173,200
    $222,300

    Comparable in this City

    • Value Estimation
      $2,720,000
      15,730 SF

      1391 Main St

      MEDICAL BUILDING • 15,730 SF
      1391 Main St, Hamilton, OH 45013-1077
      View Details
    • Value Estimation by Request
      3,864 SF

      1017 Main St

      MEDICAL BUILDING • 3,864 SF
      1017 Main St, Hamilton, OH 45013-1605
      View Details
    • Value Estimation by Request
      0.07 Acres

      Nen E St

      MEDICAL BUILDING • 0.07 Acres
      Nen E St, Hamilton, OH 45013
      View Details
    • Value Estimation by Request
      0.04 Acres

      522 Park Ave

      MEDICAL BUILDING • 0.04 Acres
      522 Park Ave, Hamilton, OH 45013-3035
      View Details
    • Value Estimation by Request
      0.25 Acres

      345 Park Ave

      MEDICAL BUILDING • 0.25 Acres
      345 Park Ave, Hamilton, OH 45013-3051
      View Details
    • Value Estimation by Request
      0.15 Acres

      Hamilton, OH 45013

      MEDICAL BUILDING • 0.15 Acres
      Hamilton, OH 45013
      View Details

    Similar Nearby for Sale

    • $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
    • $332,900
      Pending

      46+ Acre Recreational Land Tract

      Private 46+ acre tract with recreation and agricultural potential.
      Depot Rd, Hamilton, OH 45013
      View Details
    • 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
      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
    • $139,900
      4.21 Acres

      Ross Twp Land For Sale

      4.21 acre lot in exclusive residential area.
      3235 Covered Wagon Estates Ln, Hamilton, OH 45013
      View Details

    Similar Nearby for Lease

    • 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
      1,915 SF

      Professional Office Condo For Rent

      1,915 SF office condo suitable for various professional services.
      860 NW Washington Blvd, Hamilton, OH 45013
      View Details
    • $10 SF/Yr
      3,880 SF

      Office Space with Water View

      3,880 SF end cap office space for lease.
      870 NW Washington Blvd, Hamilton, OH 45013
      View Details
    • 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
      21,500 SF

      Ross Township Industrial Flex Space

      Industrial flex space in Ross Township with immediate occupancy.
      4404 Hamilton Cleves Rd, 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
    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.
    1447 Millville Shandon Rd
    Hamilton, OH 45013-7609
    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!