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    Property profile & analytics

    2759 Observatory Ave Cincinnati, OH 45208-2231

    • Retail space
    • 2,256 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimation
    $465,000
    Last Sale
    Oct 22, 2024
    $460,000
    Location Intelligence
    Property ID
    US66-2416093
    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

    • Hyde Park Coiffures / Beauty Salon

    Property Details for 2759 Observatory Ave

    Year built
    1901
    Construction
    FRAME
    Lot size
    0.06 lot acres
    Property size
    2,256 SF
    Property type
    Retail space
    APN
    046-0003-0004-00
    APU
    460003000400

    Description

    This exceptional 2,392 square foot medical office space is located at 2759 Observatory Avenue in Cincinnati, Ohio's desirable Hyde Park neighborhood (zip code 45208). Built in 1901, this single-tenant property boasts a prime location with excellent street visibility, making it ideal for a variety of medical practices. The building is a two-story structure, zoned OL, and features a convenient single-tenant occupancy. Its previous use as Hyde Park Coiffures demonstrates its adaptability and potential for diverse businesses. The property's address is easily accessible and benefits from high foot traffic and strong local appeal, ensuring significant exposure for any tenant. The property's unique character and prime location within the vibrant Hyde Park submarket of Cincinnati offer a rare opportunity for a business seeking a high-profile presence in a thriving community. The APN is 046-0003-0004-00. This property presents a compelling investment opportunity for those seeking a well-situated, adaptable space in a sought-after Cincinnati location. The building's history and location combine to create a unique and attractive space for a discerning business.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $460,000

    • CAP approach

      CAP return
      Estimation
      6%
      $455,000
      6.5%
      $515,000
      7%
      $455,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $445,000
      Geo Method
      $500,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $460,000
      Retail
      $465,000
      Mixed-Use
      $455,000
      Hospitality
      $535,000
      Educational
      $435,000
      Residential Income
      $440,000
      Energy
      $515,000
      Income-Based Land
      $410,000
      Food Service
      $490,000

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.4407
    Latitude
    39.1372
    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
    $6,442
    $22,911
    $51,268
    $74,179
    -
    $65,460
    $146,480
    $211,940

    Comparable in this City

    • Value Estimation
      $500,000
      3,120 SF

      3500 Erie Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,120 SF
      3500 Erie Ave, Cincinnati, OH 45208-1717
      View Details
    • Value Estimation
      $375,000
      4,128 SF

      3392 Erie Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,128 SF
      3392 Erie Ave, Cincinnati, OH 45208-1626
      View Details
    • Value Estimation
      $270,000
      4,762 SF

      3514 Erie Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,762 SF
      3514 Erie Ave, Cincinnati, OH 45208-1717
      View Details
    • Value Estimation
      $405,000
      5,136 SF

      2643 Erie Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,136 SF
      2643 Erie Ave, Cincinnati, OH 45208-2000
      View Details
    • Value Estimation
      $530,000
      7,212 SF

      3275 Erie Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,212 SF
      3275 Erie Ave, Cincinnati, OH 45208-1607
      View Details
    • Value Estimation
      $465,000
      2,304 SF

      2710 Erie Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,304 SF
      2710 Erie Ave, Cincinnati, OH 45208-2104
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.26 Acres

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    Similar Nearby for Lease

    • $795,000
      4,000 SF

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      Well-appointed retail or office space with parking in prime location.
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      View Details
    • Contact for pricing
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      Hyde Park Office Building For Lease

      Prime Hyde Park location, 14,373 sq ft.
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      View Details
    • Contact for pricing
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    • $25 SF/Yr
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    • $1,250 /Mo
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      View Details
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    2759 Observatory Ave
    Cincinnati, OH 45208-2231
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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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