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    2340 Laredo Ave Cincinnati, OH 45206
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    Property profile & analytics

    2340 Laredo Ave, Cincinnati, OH 45206

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    • Investment properties
    • 2,060 SF
    • 0.12 lot acres
    For Sale
    $679,000
    View Listing →
    Mixed-Use Investment Opportunity For Sale
    $679,000
    4,099 SF

    Mixed-Use Investment Opportunity

    Turnkey mixed-use property in Walnut Hills with recent improvements.

    2340 Laredo Ave, Cincinnati, OH 45206
    View Listing
    Property ID
    US66-6156885
    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
    4.2%
    Investment properties
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 2340 Laredo Ave

    Year built
    1880
    Lot size
    0.12 lot acres
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    063-0003-0103-00
    APU
    630003010300

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 23, 2024 $595,000 Luna State LLC Olve Tree Realty LLC Warranty Deed $395k · Kemba Credit Union INC
    Apr 11, 2022 $402,500 Olive Tree Realty LLC Zazz Homes LLC Warranty Deed —
    Mar 5, 2019 $222,222 Zazz Homes LLC Stewart,stephanie & Thomas R Warranty Deed $178k · General Electric Cu
    May 3, 2016 $183,500 Stephanie Stewart Reviva Group INC Warranty Deed —
    Aug 17, 2011 $129,900 Reviva Group INC An Ohio Corpo Roc Investments LLC An Ohio Li Grant Deed —
    Dec 6, 2004 $253,500 Roc Investments LLC Juris Properties LLC Warranty Deed $204k · Eagle Savings Bank
    Jun 20, 2001 $197,500 Juris Properties LLC Angus,katherine E & Thomas Grant Deed $216k · Fifth Third Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $595,000
      ML approach
      $595,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $415,000
      6.5%
      $385,000
      7%
      $360,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $380,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.485
    Latitude
    39.124
    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
    $11,594
    $40,992
    $99,883
    $140,875
    -
    $117,120
    $285,380
    $402,500

    Comparable in this City

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      16,600 SF

      2445-2449 Gilbert Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      2445-2449 Gilbert Ave, Cincinnati, OH 45206
      View Details
    • Value Estimation
      $710,000
      6,576 SF

      2446-2448 Gilbert Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      2446-2448 Gilbert Ave, Cincinnati, OH 45206
      View Details
    • Value Estimation by Request
      3,366 SF

      2917 Gilbert Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      2917 Gilbert Ave, Cincinnati, OH 45206-1211
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      10,504 SF

      2533 Gilbert Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      2533 Gilbert Ave, Cincinnati, OH 45206-2005
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      1,813 SF

      2710 Woodburn Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      2710 Woodburn Ave, Cincinnati, OH 45206-1725
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    • Value Estimation by Request
      2,256 SF

      2134 Alpine Pl

      OFFICE/RESIDENTIAL (MIXED USE)
      2134 Alpine Pl, Cincinnati, OH 45206-2603
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    • New
      $629,000
      4,099 SF

      Mixed-Use Investment in Walnut Hills

      Turnkey mixed-use property with income potential in Cincinnati, OH.
      2340 Laredo Ave, Cincinnati, OH 45206
      View Details
    • Contact for pricing
      3,779 SF

      Versatile Mixed-Use Building in Cincinnati

      Adaptable mixed-use building in a thriving Cincinnati location.
      1601 Dexter Ave, Cincinnati, OH 45206
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    • $299,900
      0.21 Acres

      Mixed-Use Building in Cincinnati, OH

      Mixed-use building with retail and apartments, a development opportunity.
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    • Contact for pricing
      4,099 SF

      Mixed-Use Investment Opportunity

      Turnkey mixed-use property in Walnut Hills with recent improvements.
      2340 Laredo Ave, Cincinnati, OH 45206
      View Details
    • Contact for pricing
      5,188 SF

      Office Building with Loft Area

      Two-story office building featuring hardwood floors and a mezzanine.
      2150 Alpine Pl, Cincinnati, OH 45206
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    Similar Nearby for Lease

    • Contact for pricing
      1,616 SF

      Historical Office Space For Rent

      Unique office destination with natural light and exposed brick.
      2245 Gilbert Ave, Cincinnati, OH 45206
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    • $16 SF/Yr
      14,593 SF

      Updated Office Space Available

      Updated office building with suites available for rent.
      2368 Victory Pkwy, Cincinnati, OH 45206
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    • $20 SF/Yr
      144,000 SF

      Class A Office Space Available

      144,000 SF of Class A office space for rent.
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      View Details
    • Contact for pricing
      13,357 SF

      Office Building with Private Parking

      Office building with secure underground parking and energy-efficient systems.
      2090 Florence Ave, Cincinnati, OH 45206
      View Details
    • Contact for pricing

      Modern Office Space Available

      Premier leasing opportunity with flexible office spaces in Cincinnati, OH.
      2800 Gilbert Ave, Cincinnati, OH 45206
      View Details
    View Listing
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    Cincinnati, OH 45206
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    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
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