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Property profile & analytics
OFF-MARKET
Office buildings
1730 Madison Rd Cincinnati, OH 45206-1865
Individually Owned
3-yr Hold
Free & Clear
Property ID
US66-1948044
Property summary
AI-generated overview
This 4,046 square foot Class B office building, built in 1886, is located at 1730 Madison Rd, Cincinnati, OH 45206. Currently vacant and available for immediate occupancy, this three-story building sits on a 0.338-acre lot and offers ten parking spaces. The asking price is $749,900 ($185.34/sq ft). The property is zoned per record and offers significant potential for various uses, including continued use as an office, conversion to multi-family residential, or even a custom home. The building's prime location in Cincinnati, Hamilton County provides excellent visibility and accessibility. The flexible zoning allows for adaptation to diverse business needs or residential conversion. Ownership is held in trust. The property features ample square footage for expansion or customization, offering cost-effective ownership compared to leasing. The strong Cincinnati real estate market ensures a valuable asset. Occupancy is available October 1, 2024. APN: 055-0006-0069-00.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1900
Total area
3,218 SF
Lot
0.34 ac (14,723 SF)
APN
055-0006-0069-00
UPID
US66-1948044
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Management Partners Local Government Office Consultant
-
Baker Tilly Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Gerald E Newfarmer · 3 yrs held
Gerald E Newfarmer
since 2022
Last sale
$500,000
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cincinnati submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cincinnati submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$9,718
Tax year 2023
Assessed value
$118,087
Assessed 2023
Previous assessed
$108,557
+8.8% YoY
Effective rate
8.23%
On assessed value
Assessed land
$14,350
Assessed improvement
$103,737
Land market value
$41,000
Improvement market value
$296,390
Total market value
$337,390
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1900
Heating
YES
Cooling
YES
Stories
2
Rooms
4
Total area
3,218 SF
Lot
0.34 ac (14,723 SF)
APN
055-0006-0069-00
UPID
US66-1948044
Jurisdiction
HAMILTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1900
Heating
YES
Cooling
Yes
Stories
2
Rooms
4
Lot
0.34 ac
Current owner
From public records · entity-resolved
Gerald E Newfarmer
Individual
Free & Clear · 3 yrs held
Mailing address
2145 LURAY AVE UNIT 3S, CINCINNATI, OH 45206-2886
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2022
—
Gerald E Newfarmer
Gerald Newfarmer
Intrafamily Transfer
related
—
Jan 26, 2000
$330,000
Gerald Newfarmer
H B Blaine Trustee
Grant Deed
$264,000 · Homefed Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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