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    Property profile & analytics

    151 Old Bank Rd Milford, OH 45150-8904

    • Turn key restaurants
    • 4,758 SF
    • 1.15 lot acres
    OFF-MARKET
    Value Estimation
    $3,060,000
    Last Sale
    Apr 20, 2023
    $2,821,934
    Location Intelligence
    Property ID
    US66-2334310
    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

    • Bob Evans / Takeout Restaurant / Restaurant

    Property Details for 151 Old Bank Rd

    Year built
    1998
    Construction
    BRICK
    Lot size
    1.15 lot acres
    Property size
    4,758 SF
    Property type
    Turn key restaurants
    APN
    21-07-41.-295
    APU
    210741295

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,345,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,845,000
      6.5%
      $2,605,000
      7%
      $2,650,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,190,000
      Geo Method
      $2,525,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,260,000
      Retail
      $2,730,000
      Mixed-Use
      $2,580,000
      Hospitality
      $2,950,000
      Educational
      $2,550,000
      Residential Income
      $3,020,000
      Energy
      $3,265,000
      Income-Based Land
      $2,565,000
      Food Service
      $2,360,000

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Clermont
    State
    Ohio
    Longitude
    -84.2657
    Latitude
    39.1849
    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
    $27,287
    $84,420
    $230,690
    $315,110
    -
    $241,200
    $659,100
    $900,300

    Comparable in this City

    • Value Estimation by Request
      5,186 SF

      5699 Romar Dr

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      5699 Romar Dr, Milford, OH 45150-8506
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    • Value Estimation by Request
      6,948 SF

      1088 State Rte 28

      RESTAURANT • 6,948 SF
      1088 State Rte 28, Milford, OH 45150-2082
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    • Value Estimation
      $495,000
      6,403 SF

      5980 Meijer Dr

      RESTAURANT • 6,403 SF
      5980 Meijer Dr, Milford, OH 45150-2191
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    • Value Estimation
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      5,044 SF

      Smysor Rd

      RESTAURANT • 5,044 SF
      Smysor Rd, Milford, OH 45150
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    • Value Estimation
      $1,510,000
      8,619 SF

      590 Chamber Dr

      RESTAURANT • 8,619 SF
      590 Chamber Dr, Milford, OH 45150-1522
      View Details
    • Value Estimation
      $950,000
      5,831 SF

      840 Lila Ave

      RESTAURANT • 5,831 SF
      840 Lila Ave, Milford, OH 45150-1682
      View Details

    Similar Nearby for Sale

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      Retail Property on State Route

      Retail property available for sale on State Route 28.
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      Retail property with pylon signage and dedicated parking available.
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      6,500 SF Multi-Tenant Retail Opportunity
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    Similar Nearby for Lease

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      Retail space available for lease on Main Street.
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      Meijer In-Store Retail Space

      Milford, OH: Prime Retail Opportunity
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      View Details
    • $20 SF/Yr
      11 SF

      Prime Retail Space Available

      Highly visible retail space in a well-maintained center.
      5976 Meijer Dr, Milford, OH 45150
      View Details
    • Contact for pricing
      1,600 SF

      Retail Spaces Available For Lease

      Retail spaces available for lease in Milford, Ohio.
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    • $12 SF/Yr
      2,400 SF

      Retail Space in Milford, Ohio

      2,400 SF retail space available for lease.
      1111 State Route 28, Milford, OH 45150
      View Details

    Property Visit Statistics

    • Visits by month
      10.4k
    • Visitors by month
      9.0k
    • Avg Time on site
      56 min
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    151 Old Bank Rd
    Milford, OH 45150-8904
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    Realmo Value Estimation

    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.

    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.

    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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