Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    238 Senate Dr Monroe, OH 45050-1715
    Back to Search
    Property profile & analytics

    238 Senate Dr, Monroe, OH 45050-1715

    View on Map
    • Retail space
    • 690 SF
    • 2.64 lot acres
    Off-Market
    Property ID
    US66-3130298
    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

    • Retail space

    Property Details for 238 Senate Dr

    Year built
    2001
    Construction
    BRICK
    Lot size
    2.64 lot acres
    Property type
    Retail space
    APN
    11-06-400-019-0
    APU
    11064000190

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 5, 2012 $620,000 Monroe Self Storage LLC Feltner,lloyd 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
    Monroe
    County
    Warren
    State
    Ohio
    Longitude
    -84.3285
    Latitude
    39.4443
    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
    $11,463
    $41,517
    $166,320
    $207,837
    -
    $118,620
    $475,200
    $593,820

    Comparable in this City

    • Value Estimation
      $570,000
      24,432 SF

      3101 Heritage Grn Dr

      RETAIL STORES (PERSONAL SERVICES)
      3101 Heritage Grn Dr, Monroe, OH 45050-1781
      View Details
    • Value Estimation by Request
      4,608 SF

      23 New Garver Rd

      RETAIL STORES (PERSONAL SERVICES)
      23 New Garver Rd, Monroe, OH 45050-1281
      View Details
    • Value Estimation
      $920,000
      10,781 SF

      755 Cold Water Dr

      RETAIL STORES (PERSONAL SERVICES)
      755 Cold Water Dr, Monroe, OH 45050-2555
      View Details
    • Value Estimation
      $2,475,000
      29,356 SF

      900 Garver Rd

      RETAIL STORES (PERSONAL SERVICES)
      900 Garver Rd, Monroe, OH 45050-1241
      View Details
    • Value Estimation by Request
      2,707 SF

      301 Main St

      RETAIL STORES (PERSONAL SERVICES)
      301 Main St, Monroe, OH 45050-6406
      View Details
    • Value Estimation
      $1,115,000
      13,019 SF

      204 Garver Rd

      RETAIL STORES (PERSONAL SERVICES)
      204 Garver Rd, Monroe, OH 45050-1711
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,534 SF

      Monroe Multi-Use Commercial Space

      20,534 SF multi-use commercial space on 2.1678 acres.
      60 Overbrook Dr, Monroe, OH 45050
      View Details
    • $349,900
      3.93 Acres

      Prime Commercial Land For Sale

      3. 9+ acres in Monroe, OH, near I-75.
      100 N Main St, Monroe, OH 45050
      View Details
    • Contact for pricing

      Land Available in Entertainment District

      0.85 acres in high-traffic area near Cincinnati Premium Outlets.
      300 Orton Dr, Middletown, OH 45050
      View Details
    • Contact for pricing

      Land Near Cincinnati Premium Outlets

      Land available near Cincinnati Premium Outlets and Miami Valley Gaming.
      1304 Oh-63, Monroe, OH 45050
      View Details
    • Contact for pricing

      I-75 Community Entertainment District Land

      Located in high-traffic area near Cincinnati and Dayton.
      1265 Hamilton Lebanon Rd, Monroe, OH 45050
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,250 SF

      Retail Space Near Cincinnati Outlets

      Retail space near restaurants, retailers, and Cincinnati Premium Outlets.
      601 S Main St, Monroe, OH 45050
      View Details
    • Contact for pricing

      Monroe Retail/Office Spec Building

      18,000 SF spec building in rapidly growing Monroe, Ohio.
      Orton Dr, Monroe, OH 45050
      View Details
    • Contact for pricing
      4,200 SF

      Retail Space Near Kroger

      93,733 SF GLA center anchored by Kroger.
      3101 Heritage Green Dr, Monroe, OH 45050
      View Details
    • Contact for pricing
      18,016 SF

      Retail Center Near Cincinnati Outlets

      Proposed retail center with drive-through and open gathering space.
      Senate Dr, Monroe, OH 45050
      View Details
    • Contact for pricing
      1,100 SF

      Monroe Office Space For Rent

      Office space available for lease in Monroe, Ohio.
      106 Clarence F Warner Dr, Monroe, OH 45050
      View Details
    • Contact for pricing
      10,054 SF

      Warehouse Space Between Cincinnati & Dayton

      10,054 SF warehouse space available for lease.
      1030-1032 Reed Dr, Monroe, OH 45050
      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.
    238 Senate Dr
    Monroe, OH 45050-1715
    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
    238 Senate Dr, Monroe, OH, 45050
    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!