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

    2418 May St Cincinnati, OH 45206

    • Warehouses
    • 2,587 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimations
    $335,000
    Show details
    Cap Rate Potential
    9.9%
    Warehouses
    Location Intelligence
    Property ID
    US66-1283434
    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

    • Warehouses

    Property Details for 2418 May St

    Year built
    1945
    Lot size
    0.06 lot acres
    Property size
    2,587 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    068-0002-0280-00
    APU
    680002028000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $265,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $440,000
      6.5%
      $405,000
      7%
      $375,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $160,000
      Current use
      MEDICAL BUILDING
      $300,000
      Change: +88% Conversion: Difficult
      OFFICE BUILDING
      $275,000
      Change: +71% Conversion: Difficult
      RETAIL STORES
      $250,000
      Change: +55% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $225,000
      Change: +40% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $200,000
      Change: +25% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.4949
    Latitude
    39.1254
    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
    $1,367
    $4,207
    $11,858
    $16,065
    -
    $12,020
    $33,880
    $45,900

    Comparable in this City

    • Value Estimation
      $370,000
      17,353 SF

      2252 Gilbert Ave

      MINI-WAREHOUSE, STORAGE • 17,353 SF
      2252 Gilbert Ave, Cincinnati, OH 45206
      View Details
    • Value Estimation
      $325,000
      3,300 SF

      2437 Gilbert Ave

      MINI-WAREHOUSE, STORAGE • 3,300 SF
      2437 Gilbert Ave, Cincinnati, OH 45206-2518
      View Details
    • Value Estimation
      $250,000
      4,160 SF

      2401 Concord St

      MINI-WAREHOUSE, STORAGE • 4,160 SF
      2401 Concord St, Cincinnati, OH 45206-2305
      View Details
    • Value Estimation
      $300,000
      0.19 Acres

      914 Curtis St

      MINI-WAREHOUSE, STORAGE • 0.19 Acres
      914 Curtis St, Cincinnati, OH 45206
      View Details
    • Value Estimation
      $1,475,000
      12,194 SF

      2106 Florence Ave

      MINI-WAREHOUSE, STORAGE • 12,194 SF
      2106 Florence Ave, Cincinnati, OH 45206-2427
      View Details
    • Value Estimation
      $250,000
      0.39 Acres

      2255 Concord St

      MINI-WAREHOUSE, STORAGE • 0.39 Acres
      2255 Concord St, Cincinnati, OH 45206
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.04 Acres

      Office & Warehouse Space Available

      15,000 sqft office and warehouse space for lease.
      2612 Gibert Ave, Cincinnati, OH 45206
      View Details
    • $2,700,000
      22,000 SF

      Cincinnati Mixed-Use Investment

      100% Occupied, 8.5% Cap Rate
      2612 Gilbert Ave, Cincinnati, OH 45206
      View Details
    • $750,000

      Luxury Condo with Panoramic Views

      Stunning 14th-floor condo with city and park views.
      2121 Alpine Pl, Cincinnati, OH 45206
      View Details
    • $1,500,000
      7,058 SF

      Creative Space in Walnut Hills

      7,058 SF creative space in historic Walnut Hills.
      1050 E Mcmillan St, Cincinnati, OH 45206
      View Details
    • $5,100,000
      46,679 SF

      Victory Parkway Office Building

      Cincinnati Office Space: 46,679 SF
      2830 Victory Pkwy, Cincinnati, OH 45206
      View Details
    • $1,595,000
      14,520 SF

      Fully Leased Office Building

      Leased office building with redevelopment opportunity in Cincinnati, OH.
      2181 Victory Pkwy, Cincinnati, OH 45206
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      77,286 SF

      Cincinnati Warehouse Space Available

      77,286 SF warehouse space for lease in Cincinnati.
      3011 Stanton Ave, Cincinnati, OH 45206
      View Details
    • $9 SF/Yr
      31,275 SF

      Walnut Hills Commercial Kitchen Space

      Commercial kitchen and flex space in Walnut Hills.
      2900 Gilbert Ave, Cincinnati, OH 45206
      View Details
    • $4 SF/Yr
      50,192 SF

      Gilbert Avenue Office Space

      Prime Cincinnati Office Building: 25,000 SF Available
      2800 Gilbert Ave, Cincinnati, OH 45206
      View Details
    • Contact for pricing
      2,354 SF

      Historical Office Space Available

      Unique office destination minutes from Downtown Cincinnati with on-site parking.
      2245 Gilbert Ave, Cincinnati, OH 45206
      View Details
    • $20 SF/Yr
      144,000 SF

      Class A Office Space Available

      144,000 SF of Class A office space for rent.
      45206 Usa, Cincinnati, OH 45206
      View Details
    • $24 SF/Yr
      15,207 SF

      Retail Space in Woodburn Exchange

      Street-level retail space in a high-investment area near multiple districts.
      2533 Woodburn Ave, Cincinnati, OH 45206
      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.
    2418 May St
    Cincinnati, OH 45206
    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.