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

    160 Novner Dr Cincinnati, OH 45215-1334

    • Warehouses
    • 5,500 SF
    • 0.69 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1305944
    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

    • Access Audio, Inc. / Tech Support Center / Rental Equipment Company

    Property Details for 160 Novner Dr

    Year built
    1988
    Lot size
    0.69 lot acres
    Property size
    5,500 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    598-0080-0366-00
    APU
    5980080036600

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.4758
    Latitude
    39.2458
    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
    $8,676
    $24,927
    $83,916
    $108,843
    -
    $71,220
    $239,760
    $310,980

    Comparable in this City

    • Value Estimation by Request
      0.45 Acres

      481 Benson St

      MINI-WAREHOUSE, STORAGE • 0.45 Acres
      481 Benson St, Cincinnati, OH 45215
      View Details
    • Value Estimation by Request
      0.34 Acres

      130 Novner Dr

      MINI-WAREHOUSE, STORAGE • 0.34 Acres
      130 Novner Dr, Cincinnati, OH 45215-1334
      View Details
    • Value Estimation by Request
      0.34 Acres

      Novner Dr

      MINI-WAREHOUSE, STORAGE • 0.34 Acres
      Novner Dr, Cincinnati, OH 45215
      View Details
    • Value Estimation by Request
      0.34 Acres

      120 Novner Dr

      MINI-WAREHOUSE, STORAGE • 0.34 Acres
      120 Novner Dr, Cincinnati, OH 45215-1334
      View Details
    • Value Estimation by Request
      0.13 Acres

      8832 Reading Rd

      MINI-WAREHOUSE, STORAGE • 0.13 Acres
      8832 Reading Rd, Cincinnati, OH 45215-4815
      View Details
    • Value Estimation by Request
      9,877 SF

      170 Novner Dr

      MINI-WAREHOUSE, STORAGE • 9,877 SF
      170 Novner Dr, Cincinnati, OH 45215-1334
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.57 Acres

      Versatile Commercial Property in Woodlawn

      Woodlawn commercial property with multiple spaces for rent or sale.
      10045 Springfield Pike, Woodlawn, OH 45215
      View Details
    • Contact for pricing
      197,014 SF

      Cincinnati Warehouse Space For Sale

      197,014 square foot warehouse available in Cincinnati, OH.
      605 N Wayne Ave, Cincinnati, OH 45215
      View Details
    • Contact for pricing
      28,840 SF

      Cincinnati Truck Terminal For Sale

      Truck terminal with 24 docks and 5,760 SF office.
      10419 Chester Rd, Cincinnati, OH 45215
      View Details
    • $119,000
      13.00 Acres

      Lockland Industrial Land - 13 Acres

      Prime 13-acre industrial site, ready for development.
      0 Shepherd & Wyoming Ave, Cincinnati, OH 45215
      View Details
    • Contact for pricing
      145.00 Acres

      Prime Cincinnati Industrial Land

      145 Acres, PUD Zoning, High Growth Area
      0 Glendale Milford Rd & Aerohub Blvd, Cincinnati, OH 45215
      View Details
    • Contact for pricing
      13.00 Acres

      Prime 13-Acre Industrial Land

      Cincinnati, OH: 13 acres, light industrial zoning.
      0 Shepherd Ave & Wyoming Ave, Cincinnati, OH 45215
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,500 SF

      Industrial Space with Rail Access

      Industrial space featuring dock doors, drive-in doors, and outside storage.
      410 Glendale Milford Rd, Cincinnati, OH 45215
      View Details
    • Contact for pricing
      6,500 SF

      Retail Space on Williams Street

      Retail space available for lease, 6500 square feet.
      131 Williams St, Cincinnati, OH 45215
      View Details
    • Contact for pricing
      21,669 SF

      Move-in Ready Office Building

      Class A office building with convenient access and high visibility.
      9655 Reading Rd, Cincinnati, OH 45215
      View Details
    • $13 SF/Yr
      1,100 SF

      1250 Springfield Pike, Cincinnati , OH

      Office Units • 1,100 SF
      1250 Springfield Pike, Cincinnati, OH 45215
      View Details
    • $11 SF/Yr
      8,344 SF

      Blue Ash Corporate Center Office

      Office space available for lease in Blue Ash, Ohio.
      4260-4318 Glendale Milford Rd, Blue Ash, OH 45215
      View Details
    • $10 SF/Yr
      13,165 SF

      Office Space Near Summit Park

      Office space for rent across from Summit Park.
      4340 Glendale Milford Rd, Cincinnati, OH 45215
      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.
    160 Novner Dr
    Cincinnati, OH 45215-1334
    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!