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

    29 8th St Cincinnati, OH 45202-2001

    • Commercial real estate
    • 4,846 SF
    • 0.27 lot acres
    OFF-MARKET
    Value Estimations
    $830,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1643436
    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

    • Commercial real estate

    Property Details for 29 8th St

    Year built
    1809
    Lot size
    0.27 lot acres
    Property size
    4,846 SF
    Property type
    Commercial real estate
    APN
    077-0003-0122-00
    APU
    770003012200

    Description

    This exceptional 35,000 square foot building, located at 29 E 8th St in Cincinnati, Ohio's vibrant downtown, presents a unique redevelopment opportunity. Originally constructed in 1928 as St. Louis Church, this single-building property offers significant potential for adaptive reuse. The asking price is $2,000,000. Situated in Hamilton County, within the 45202 zip code, this property boasts a prime location with excellent visibility and accessibility. Its substantial size provides ample space for a variety of creative projects. The building's rich history and architectural character offer a compelling foundation for a transformative development. This is a rare chance to acquire a landmark property in a thriving urban core, ripe for revitalization and repurposing. The property's substantial square footage and central location make it an ideal candidate for a wide range of commercial or residential projects. Further details regarding the property's structural integrity and zoning regulations are available upon request. This is an exceptional investment opportunity for developers seeking a high-impact project in a dynamic and growing city. Don't miss this chance to acquire a piece of Cincinnati's history and shape its future.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $980,000
      6.5%
      $905,000
      7%
      $840,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $503,000
      Market price range: $183k - $503k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $635,000
      Current use
      AUTO REPAIR, GARAGE
      $890,000
      Change: +40% Conversion: Difficult
      OFFICE BUILDING
      $635,000
      Change: +1% Conversion: Easy
      MEDICAL BUILDING
      $565,000
      Change: -11% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.5124
    Latitude
    39.1044
    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
    $18,886
    $395,010
    $751,530
    $1,146,540
    -
    $1,128,600
    $2,147,230
    $3,275,830

    Comparable in this City

    • Value Estimation
      $505,000
      1.04 Acres

      145 5th St

      COMMERCIAL (GENERAL) • 1.04 Acres
      145 5th St, Cincinnati, OH 45202-2703
      View Details
    • Value Estimation by Request
      0.04 Acres

      1440 Main St

      COMMERCIAL (GENERAL) • 0.04 Acres
      1440 Main St, Cincinnati, OH 45202-7642
      View Details
    • Value Estimation by Request
      17.10 Acres

      202 Mehring Way

      COMMERCIAL (GENERAL) • 17.10 Acres
      202 Mehring Way, Cincinnati, OH 45202
      View Details
    • Value Estimation by Request
      0.03 Acres

      1547 Pleasant St

      COMMERCIAL (GENERAL) • 0.03 Acres
      1547 Pleasant St, Cincinnati, OH 45202
      View Details
    • Value Estimation by Request
      0.04 Acres

      1716 Pleasant St

      COMMERCIAL (GENERAL) • 0.04 Acres
      1716 Pleasant St, Cincinnati, OH 45202
      View Details
    • Value Estimation by Request
      880 SF

      214 Richmond St

      COMMERCIAL (GENERAL) • 880 SF
      214 Richmond 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
    • Contact for pricing
      1,364 SF

      Established Cincinnati Bar and Restaurant

      Fully equipped bar and restaurant with a coveted liquor license.
      403 Oregon St, Cincinnati, OH 45202
      View Details
    • $875,000
      8,736 SF

      Available Flex Space in Cincinnati

      8,736 SF flex space available for sale.
      59 E Main St, Cincinnati, OH 45202
      View Details
    • $900,000
      0.10 Acres

      Land with City/River Views

      Double flat lot with a four-unit building in Cincinnati.
      1112 Fuller St, Cincinnati, OH 45202
      View Details
    • 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
    • $1,950,000
      1.36 Acres

      Riverside Drive Development Opportunity

      Prime 1.36-acre development site in Cincinnati's Historic East End.
      2370 Riverside Dr, Cincinnati, OH 45202
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr
      407,712 SF

      Downtown Cincinnati Office Space

      Class A Office, 97,392 SF Available
      191 Rosa Parks St, Cincinnati, OH 45202
      View Details
    • $17 SF/Yr
      4,008 SF

      Dixie Terminal Retail Spaces

      Prime Cincinnati Retail, Two Suites Available
      43 4Th St, Cincinnati, OH 45202
      View Details
    • $10 SF/Yr
      30,240 SF

      Downtown Coworking Loft Space

      Historic building, modern coworking suites. Prime location.
      214 8Th St, Cincinnati, OH 45202
      View Details
    • $10 SF/Yr
      625,765 SF

      Center at 600 Vine: Premier Office Space

      Cincinnati Office Building, Multiple Suites Available
      600 Vine St, Cincinnati, OH 45202
      View Details
    • $25 SF/Yr
      72,640 SF

      Downtown Cincinnati Office Space

      Prime Office Suites, Flexible Sizes
      101 5Th St, Cincinnati, OH 45202
      View Details
    • Contact for pricing
      8,500 SF

      Turn-Key Restaurant Space in Pendleton

      Restaurant space with rooftop in Cincinnati's vibrant Pendleton District.
      316 Reading Rd, 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.
    29 8th St
    Cincinnati, OH 45202-2001
    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.