Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    204 State St Harrison, OH 45030-1348
    Back to Search
    Property profile & analytics

    204 State St, Harrison, OH 45030-1348

    View on Map
    • Retail space
    • 1,300 SF
    • 0.04 lot acres
    Off-Market
    Last Sale May 14, 2024
    $50,000
    Property ID
    US66-0059380
    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

    • Harrsion drive thru / Grocery & Convenience Store

    Property Details for 204 State St

    Year built
    1942
    Lot size
    0.04 lot acres
    Property type
    Retail space
    APN
    561-0002-0410-00
    APU
    5610002041000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 14, 2024 — Erich J Leonardi Erich J Leonardi Intrafamily Transfer · related —
    Feb 12, 2024 — State Street LLC Agr Realty LLC Deed $349k · Agr Realty LLC
    Mar 27, 2020 — Nicole M Kastner — Deed · related $78k · Us Bk
    Oct 17, 2016 — Erich J Leonardi — Deed · related $40k · Mainsource Bk
    Apr 21, 2011 — Erich J Leonardi Leonardi,jennifer L Quit Claim Deed · related —
    Jul 19, 2006 $50,000 Leonardi,erich J & Jennifer Maringer,frank & Myrtle Warranty Deed $40k · Cheviot Svgs Bk
    Nov 9, 2004 — Frank Maringer Maringer,todd A Quit Claim Deed · related —
    — — Erich J Leonardi — Loan Modification · related $40k · Mainsource Bk

    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
    Harrison
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.8197
    Latitude
    39.2606
    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
    $972
    $3,251
    $13,485
    $16,736
    -
    $9,290
    $38,530
    $47,820

    Comparable in this City

    • Value Estimation by Request
      2.04 Acres

      595 Ring Rd

      RETAIL STORES (PERSONAL SERVICES)
      595 Ring Rd, Harrison, OH 45030-2765
      View Details
    • Value Estimation by Request
      2,039 SF

      9110 Dry Frk Rd

      RETAIL STORES (PERSONAL SERVICES)
      9110 Dry Frk Rd, Harrison, OH 45030-1902
      View Details
    • Value Estimation by Request
      8,402 SF

      1111 Harrison Ave

      RETAIL STORES (PERSONAL SERVICES)
      1111 Harrison Ave, Harrison, OH 45030-1523
      View Details
    • Value Estimation by Request
      1,040 SF

      118 Harrison Ave

      RETAIL STORES (PERSONAL SERVICES)
      118 Harrison Ave, Harrison, OH 45030
      View Details
    • Value Estimation
      $685,000
      1,728 SF

      10240 Harrison Ave

      RETAIL STORES (PERSONAL SERVICES)
      10240 Harrison Ave, Harrison, OH 45030-1938
      View Details
    • Value Estimation
      $625,000
      6,000 SF

      1143 Harrison Ave

      RETAIL STORES (PERSONAL SERVICES)
      1143 Harrison Ave, Harrison, OH 45030-1523
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      22,016 SF

      Two-Story Retail Center For Sale

      Two-story retail center in Harrison, OH, with high visibility.
      1142 Harrison Ave, Harrison, OH 45030
      View Details
    • Contact for pricing

      10 Acres Truck Parking Available

      10 acres of parking for trucking companies, seller financing.
      6481 Riv St, Harrison, OH 45030
      View Details
    • Contact for pricing
      22,016 SF

      Two-Story Retail Center For Rent

      Two-story retail center in Harrison, OH, with high visibility.
      1150 Harrrison Ave, Harrison, OH 45030
      View Details
    • Contact for pricing

      Land Available in Growing Area

      13+ acres of land for sale in Cincinnati, OH.
      Scott Commercial Lots Ft, Cincinnati, OH 45030
      View Details
    • Contact for pricing

      Commercial Land with Utilities

      2.23 acre commercial land with utilities and frontage.
      10047 Harrison Ave, Harrison, OH 45030
      View Details
    • Contact for pricing
      4,140 SF

      Harrison Warehouse with Expansion Potential

      Harrison, Ohio warehouse with surplus land for expansion or storage.
      9005 Kilby Rd, Harrison, OH 45030
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,828 SF

      Turnkey Restaurant and Retail Space

      Restaurant, laundromat, and retail spaces available for lease.
      202-204 S State St, Harrison, OH 45030
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Harrison, Ohio.
      10459 Harrison Ave, Harrison, OH 45030
      View Details
    • Contact for pricing

      Retail Land Development Opportunity

      Two retail land parcels available for ground lease or build-to-suit.
      10570 New Haven Rd, Harrison, OH 45030
      View Details
    • Contact for pricing

      Retail Space with High Visibility

      Retail space with ample parking and high traffic counts.
      10560 Harrison Ave, Harrison, OH 45030
      View Details
    • Contact for pricing
      2,750 SF

      Harrison Flex Space with Showroom

      Flex space featuring showroom, warehouse, and fenced outdoor storage.
      10051-10053 Simonson Rd, Harrison, OH 45030
      View Details
    • Contact for pricing

      Harrison Flex Space with Showroom

      Flex space featuring showroom, warehouse, and outdoor storage.
      10053 Simonson Rd, Harrison, OH 45030
      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.
    204 State St
    Harrison, OH 45030-1348
    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
    204 State St, Harrison, OH, 45030
    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!