Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    2551 Commerce Blvd Cincinnati, OH 45241-1536

    • Flex space
    • 21,426 SF
    • 2.00 lot acres
    OFF-MARKET
    Value Estimations
    $580,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-0410798
    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

    • TruckPro / Truck Parts Supplier / Truck Accessories Store

    Property Details for 2551 Commerce Blvd

    Year built
    1986
    Lot size
    2.00 lot acres
    Property size
    21,426 SF
    Property type
    Flex space
    APN
    608-0026-0069-00
    APU
    6080026006900

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $580,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.4218
    Latitude
    39.2899
    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
    $42,395
    $68,912
    $568,610
    $637,522
    -
    $196,890
    $1,624,600
    $1,821,490

    Comparable in this City

    • Value Estimation
      $295,000
      8,970 SF

      4385 Crk Rd

      LIGHT INDUSTRIAL • 8,970 SF
      4385 Crk Rd, Blue Ash, OH 45241-2923
      View Details
    • Value Estimation
      $250,000
      0.90 Acres

      3560 Hauck Rd

      LIGHT INDUSTRIAL • 0.90 Acres
      3560 Hauck Rd, Cincinnati, OH 45241-1604
      View Details
    • Value Estimation
      $420,000
      11,200 SF

      11148 Woodward Ln

      LIGHT INDUSTRIAL • 11,200 SF
      11148 Woodward Ln, Cincinnati, OH 45241-1857
      View Details
    • Value Estimation
      $245,000
      0.26 Acres

      2580 Sharon Rd

      LIGHT INDUSTRIAL • 0.26 Acres
      2580 Sharon Rd, Cincinnati, OH 45241-1847
      View Details
    • Value Estimation
      $275,000
      7,660 SF

      10660 Evendale Dr

      LIGHT INDUSTRIAL • 7,660 SF
      10660 Evendale Dr, Cincinnati, OH 45241-7506
      View Details
    • Value Estimation
      $275,000
      5,000 SF

      11969 Tramway Dr

      LIGHT INDUSTRIAL • 5,000 SF
      11969 Tramway Dr, Cincinnati, OH 45241-1667
      View Details

    Similar Nearby for Sale

    • $1,700,000
      16,367 SF

      Leased Industrial Building Near Highways

      Three-tenant industrial building 100% leased until 2027, near major highways.
      2860 Cooper Rd, Cincinnati, OH 45241
      View Details
    • $3,660,000
      24,400 SF

      Sharonville Industrial Building with Cranes

      Industrial building with cranes and solar system in Sharonville.
      11959 Tramway Dr, Cincinnati, OH 45241
      View Details
    • $2,590,000
      33 SF

      33,450 SF Industrial Building

      33,450 SF building available for sale.
      11294 Orchard St, Cincinnati, OH 45241
      View Details
    • $3,248,000
      32,910 SF

      Sharonville Warehouse with Solar Array

      Industrial warehouse with solar array near I-275 and I-75.
      11520 Rockfield Ct, Cincinnati, OH 45241
      View Details
    • $450,000
      5.84 Acres

      Sharonville Industrial Land - $450K

      5.8-acre lot, build-to-suit, I-71/I-275 access.
      0 Commerce Blvd, Sharonville, OH 45241
      View Details
    • $995,000

      Historic Hauck Summer Home

      Historic 10,000 SF home on 3.44 acres.
      12171 Mosteller Rd, Cincinnati, OH 45241
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      26,844 SF

      Prime Cincinnati Flex Space

      Highly visible Tri-County flex space available. Multiple units, immediate occupancy.
      2800 Kemper Rd, Cincinnati, OH 45241
      View Details
    • Contact for pricing
      2,428 SF

      Flex Space Near Interstate 275

      Flex space with visibility near Interstate 275 and area amenities.
      2700-2758 E Kemper Rd, Cincinnati, OH 45241
      View Details
    • $7 SF/Yr
      11,943 SF

      Cornell Commerce Center: Blue Ash Office/Warehouse

      Prime Blue Ash Office & Warehouse Space Available
      4514-4570 Cornell Rd, Cincinnati, OH 45241
      View Details
    • Contact for pricing

      Sharonville Industrial Warehouse Space Available

      15,550 SF industrial space with office in Sharonville, OH.
      2611 East Crescentville Rd, Cincinnati, OH 45241
      View Details
    • $8 SF/Yr
      7,468 SF

      Temperature-Controlled Warehouse Space Available

      Temperature-controlled warehouse space for lease, 21 minutes from Cincinnati.
      2311-2479 Crowne Point Dr, Sharonville, OH 45241
      View Details
    • $5 SF/Yr
      40,000 SF

      Industrial Warehouse Space Available

      40000 SF industrial warehouse space for rent.
      3023 E Kemper Rd, Cincinnati, OH 45241
      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.
    2551 Commerce Blvd
    Cincinnati, OH 45241-1536
    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.