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    Property profile & analytics

    2383 State Rte 132 New Richmond, OH 45157-9098

    • Investment properties
    • 17,304 SF
    • 15.50 lot acres
    OFF-MARKET
    Value Estimation
    $565,000
    Location Intelligence
    Property ID
    US66-1999206
    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.

    Current Use by Public Records

    • Investment properties

    Property Details for 2383 State Rte 132

    Year built
    1900
    Construction
    BRICK
    Lot size
    15.50 lot acres
    Property size
    17,304 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    26-09-18.-045
    APU
    260918045

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $575,000

    • CAP approach

      CAP return
      Estimation
      6%
      $650,000
      6.5%
      $690,000
      7%
      $725,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $630,000
      Geo Method
      $575,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $515,000
      Retail
      $590,000
      Mixed-Use
      $565,000
      Hospitality
      $625,000
      Educational
      $545,000
      Residential Income
      $670,000
      Energy
      $595,000
      Income-Based Land
      $540,000
      Food Service
      $685,000

    Location Insight

    • Map
    • Local Demand
    City
    New Richmond
    County
    Clermont
    State
    Ohio
    Longitude
    -84.2773
    Latitude
    38.9565
    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
    $4,845
    $19,850
    $42,110
    $61,960
    -
    $56,700
    $120,300
    $177,000

    Comparable in this City

    • Value Estimation
      $305,000
      6,000 SF

      1041 Cobra Rd

      STORE/OFFICE (MIXED USE) • 6,000 SF
      1041 Cobra Rd, New Richmond, OH 45157-9702
      View Details
    • Value Estimation by Request
      2,144 SF

      728 Old Us Hwy, Unit 52

      STORE/OFFICE (MIXED USE) • 2,144 SF
      728 Old Us Hwy, New Richmond, OH 45157
      View Details
    • Value Estimation
      $140,000
      1,520 SF

      1005 Cobra Rd

      STORE/OFFICE (MIXED USE) • 1,520 SF
      1005 Cobra Rd, New Richmond, OH 45157-9702
      View Details
    • Value Estimation by Request
      26,726 SF

      High St

      STORE/OFFICE (MIXED USE) • 26,726 SF
      High St, New Richmond, OH 45157
      View Details
    • Value Estimation by Request
      14,160 SF

      2599 State Rte 232

      STORE/OFFICE (MIXED USE) • 14,160 SF
      2599 State Rte 232, New Richmond, OH 45157-8333
      View Details
    • Value Estimation
      $545,000
      14,160 SF

      2599 State Rte 232

      STORE/OFFICE (MIXED USE) • 14,160 SF
      2599 State Rte 232, New Richmond, OH 45157-8333
      View Details

    Similar Nearby for Sale

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      5,412 sq. ft. mixed-use building with commercial and residential units.
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      1.67 acres of riverfront land with water and electric.
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    • $425,000
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      New Richmond Car Wash Business

      Established car wash, prime location.
      1045 New Richmond Ohio, New Richmond, OH 45157
      View Details
    • Contact for pricing
      1.22 Acres

      Wooded Lot in Pierce Twp

      1.2-acre wooded lot with brook in established neighborhood.
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    • $40,000
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      Three commercial parcels in the heart of New Richmond, Ohio.
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      View Details
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    2383 State Rte 132
    New Richmond, OH 45157-9098
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    Realmo Value Estimation

    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.

    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.

    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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