Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    241 Ct St Cincinnati, OH 45202-1012

    • Retail space
    • 3,819 SF
    • 0.03 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-0754528
    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

    • ATM / Atm
    • Plum Court Wine Room Events @ 241 Court St / Wine Bar

    Property Details for 241 Ct St

    Year built
    1865
    Lot size
    0.03 lot acres
    Property size
    3,819 SF
    Property type
    Retail space
    APN
    076-0001-0268-00
    APU
    760001026800

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.5189
    Latitude
    39.1054
    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
    $6,651
    $19,743
    $51,481
    $71,224
    -
    $56,410
    $147,090
    $203,500

    Comparable in this City

    • Value Estimation by Request
      0.01 Acres

      Reading Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.01 Acres
      Reading Rd, Cincinnati, OH 45202
      View Details
    • Value Estimation by Request
      3,230 SF

      327 4th St

      RETAIL STORES (PERSONAL SERVICES) • 3,230 SF
      327 4th St, Cincinnati, OH 45202-2605
      View Details
    • Value Estimation by Request
      0.04 Acres

      118 Elder St

      RETAIL STORES (PERSONAL SERVICES) • 0.04 Acres
      118 Elder St, Cincinnati, OH 45202-7759
      View Details
    • Value Estimation by Request
      3,936 SF

      15 14th St

      RETAIL STORES (PERSONAL SERVICES) • 3,936 SF
      15 14th St, Cincinnati, OH 45202-7536
      View Details
    • Value Estimation by Request
      4,816 SF

      1531 Vine St

      RETAIL STORES (PERSONAL SERVICES) • 4,816 SF
      1531 Vine St, Cincinnati, OH 45202-7019
      View Details
    • Value Estimation by Request

      39 Court St

      Individual retail properties
      39 Court St, Cincinnati, OH 45202
      View Details

    Similar Nearby for Sale

    • $990,000
      5,512 SF

      Turn-Key Restaurant Space in Pendleton

      High-visibility corner location in Cincinnati's vibrant Pendleton District.
      331 E 13Th St, Cincinnati, OH 45202
      View Details
    • New
      Contact for pricing
      3,860 SF

      Commercial Space Near Convention Center

      Flexible commercial space with potential for multi-tiered hospitality experience.
      126 W 6Th St, Cincinnati, OH 45202
      View Details
    • Contact for pricing
      8,280 SF

      Retail Space Available For Sale

      Retail property with 8,280 square feet of space.
      2014 Elm St, Cincinnati, OH 45202
      View Details
    • Contact for pricing
      17,992 SF

      Downtown Cincinnati Retail Opportunity

      17,992 SF retail building with ample parking.
      1400 Reading Rd, Cincinnati, OH 45202
      View Details
    • $375,000

      Updated Commercial Building Near Pendleton

      Turnkey commercial building between OTR and Historic Pendleton District.
      1210 Sycamore St, Cincinnati, OH 45202
      View Details
    • $1,500,000
      10,420 SF

      Mixed-Use Building in Downtown Cincinnati

      Multi-level mixed-use building in the heart of Downtown Cincinnati.
      6 W 4Th St, Cincinnati, OH 45202
      View Details

    Similar Nearby for Lease

    • $26 SF/Yr
      2,500 SF

      Retail Space in Historic Area

      Retail space available at the corner of 4th & Central.
      350 W 4Th St, Cincinnati, OH 45202
      View Details
    • Contact for pricing
      7,720 SF

      Retail/Restaurant Space Near Downtown Cincinnati

      Retail and restaurant spaces available near downtown Cincinnati.
      601 E Pete Rose Way, Cincinnati, OH 45202
      View Details
    • $22 SF/Yr
      1,340 SF

      Vine Street Retail Space Available

      Retail spaces with direct access to Central Business District.
      617 Vine St, Cincinnati, OH 45202
      View Details
    • Contact for pricing
      3,786 SF

      Downtown Cincinnati Retail Space Available

      Retail space in Cincinnati's historic Fountain Square.
      1 East 6Th St, Cincinnati, OH 45202
      View Details
    • $18 SF/Yr
      7,157 SF

      Downtown Cincinnati Mixed-Use Space

      Office and retail spaces available in Cincinnati's Backstage District.
      700 Walnut St, Cincinnati, OH 45202
      View Details
    • $17 SF/Yr
      43,303 SF

      Downtown Office and Retail Space

      Office and retail spaces available in downtown Cincinnati.
      151 W 7Th St, Cincinnati, OH 45202
      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.
    241 Ct St
    Cincinnati, OH 45202-1012
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.