Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1940 Fairgrove Ave Hamilton, OH 45011-1966
    Back to Search
    Property profile & analytics

    1940 Fairgrove Ave, Hamilton, OH 45011-1966

    View on Map
    • Gas stations
    • 1,580 SF
    • 0.35 lot acres
    Off-Market
    Last Sale Jul 9, 2025
    $560,000
    Property ID
    US66-0685169
    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

    • Fill N Sip Mart Marathon / Gas Station
    • All Around Transportation / Freight Service / Logistics Company
    • DigitalMint Bitcoin ATM / Currency Exchange Service / Financial Institution
    • Bitcoin of America ATM / Currency Exchange Service / Atm

    Property Details for 1940 Fairgrove Ave

    Year built
    2015
    Lot size
    0.35 lot acres
    Property type
    Gas stations
    APN
    P6431-046.000-007
    APU
    P6431046000007

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 9, 2025 $560,000 Shyama Real Estate LLC Rbk Mart INC Warranty Deed —
    Dec 6, 2018 $275,000 Rbk Mart INC Fill N Sip Mart LLC Grant Deed $215k · Sreynan Ven
    Jun 8, 2017 $250,000 Fill N Sip Mart LLC Lane,jeff Grant Deed —
    Jun 27, 2012 $6,000 Brahma Shopping LLC Swairah Web Solutions LLC Grant Deed —
    Jun 5, 2012 $6,000 Swairah Web Solutions LLC First Citizens Bk & Trust Co Grant Deed —
    Jul 12, 2010 $55,000 First Citizens Bk & Trust Co Sheriff Of Butler County Trustees Deed · related —
    Apr 9, 2001 $149,900 B & R Oil INC Duncan Oil Co Grant Deed $210k · Randall C & Betty J
    May 25, 2000 — Duncan Oil Co — Deed Of Trust · related $6.6M · National City Bank
    May 15, 1997 $20,000 Duncan Oil Co Clark Refining & Mktg INC Grant Deed —

    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
    -84.5344
    Latitude
    39.4033
    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
    $4,524
    $21,280
    $62,550
    $83,830
    -
    $60,810
    $178,720
    $239,530

    Comparable in this City

    • Value Estimation by Request
      1,250 SF

      528 Ee Ave

      SERVICE STATION (FULL SERVICE)
      528 Ee Ave, Hamilton, OH 45011-3741
      View Details
    • Value Estimation by Request
      4,400 SF

      1550 Grand Blvd

      SERVICE STATION (FULL SERVICE)
      1550 Grand Blvd, Hamilton, OH 45011-4004
      View Details
    • Value Estimation by Request
      8,694 SF

      3034 Anchor Dr

      SERVICE STATION (FULL SERVICE)
      3034 Anchor Dr, Fairfield Township, OH 45011-5036
      View Details
    • Value Estimation by Request
      2,752 SF

      320 Ee Ave

      SERVICE STATION (FULL SERVICE)
      320 Ee Ave, Hamilton, OH 45011-3640
      View Details
    • Value Estimation
      $570,000
      6,953 SF

      2220 Erie Hwy

      SERVICE STATION (FULL SERVICE)
      2220 Erie Hwy, Hamilton, OH 45011-4128
      View Details
    • Value Estimation by Request
      2,839 SF

      1320 Grand Blvd

      SERVICE STATION (FULL SERVICE)
      1320 Grand Blvd, Hamilton, OH 45011
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Leased Strip Center Near Kroger

      Fully leased strip center with long-term tenants and ground lease.
      1450-1496 S Erie Blvd, Hamilton, OH 45011
      View Details
    • $259,000
      1,278 SF

      Hamilton Grocery Store with Apartment

      Neighborhood grocery store with apartment and proven income.
      927 Vine St, Hamilton, OH 45011
      View Details
    • $6,702,000
      41,464 SF

      Hamilton Warehouse: 41,464 SF

      Prime Ohio warehouse, ideal for business growth.
      4400 Prt Un Rd Main Bldg And Anx, Hamilton, OH 45011
      View Details
    • $1,200,000
      5,092 SF

      Mixed-Use Investment Opportunity

      Profitable convenience store, laundromat, and apartments for sale.
      30 Seven Mile Ave, New Miami, OH 45011
      View Details
    • Contact for pricing
      8,200 SF

      Versatile Commercial Building with Storage

      8,200 SF building with showroom, warehouse, and covered storage.
      611 Maple Ave, Hamilton, OH 45011
      View Details
    • Contact for pricing
      11,061 SF

      Luxury Pet Resort For Sale

      11,061 SF luxury pet resort with long-term lease.
      4928 Urmston Mdws Dr, Liberty Township, OH 45011
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,722 SF

      Freestanding Showroom at High-Traffic Intersection

      Former CVS, now a furniture showroom with high visibility.
      1101 High St, Hamilton, OH 45011
      View Details
    • Contact for pricing
      4,000 SF

      New Retail/Office Space Available

      Up to 4,000 SF of divisible retail/office space for rent.
      2870 Menards Blvd, Hamilton, OH 45011
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space Near Kroger Marketplace

      2,500 SF retail building near Kroger Marketplace.
      4271 Hamilton Middletown Rd, Liberty Twp, OH 45011
      View Details
    • Contact for pricing
      2,814 SF

      Available Retail Space, High Traffic

      2,814 SF retail space with ample parking.
      2100 S Erie Hwy, Hamilton, OH 45011
      View Details
    • Contact for pricing
      1,713 SF

      Retail/Office Space with Restaurant Option

      First floor retail and office spaces with restaurant opportunity.
      315 Dayton St, Hamilton, OH 45011
      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.
    1940 Fairgrove Ave
    Hamilton, OH 45011-1966
    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

    Thank You for Inquiry
    1940 Fairgrove Ave, Hamilton, OH, 45011
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!