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    3026 Madison Rd Cincinnati, OH 45209
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    Property profile & analytics

    3026 Madison Rd Cincinnati, OH 45209

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    • Investment properties
    • 5,180 SF
    • 0.10 lot acres
    For Lease
    $19 SF/Yr
    View Listing →
    Versatile Space in Oakley Square For Lease
    $19 SF/Yr
    6,668 SF

    Versatile Space in Oakley Square

    Adaptable 4382+/- SF space ideal for office, medical, retail.

    3026 Madison Rd, Cincinnati, OH 45209
    View Listing
    Property ID
    US66-6159301
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 3026 Madison Rd

    Year built
    1912
    Lot size
    0.10 lot acres
    Property size
    5,180 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    039-0004-0102-00
    APU
    390004010200

    Description

    This exceptional 3,600 square foot office space, located at 3026 Madison Road in Cincinnati, Ohio, presents a unique leasing opportunity. Situated in a Class B building with a total of 6,668 square feet, this traditional office space is perfect for a variety of uses. The property boasts a welcoming reception area, ideal for creating a professional and inviting atmosphere for clients or patients. Ample on-site parking is available, ensuring convenient access for employees and visitors. The convenient Madison Road location offers easy accessibility and visibility. The property sits directly across from Oakley Square, providing tenants with access to a vibrant and amenity-rich environment. The zoning is CC-M, offering flexibility for potential uses. The lot size is 4,217 square feet. The Hamilton County property (APN: 039-0004-0102-00) is currently configured for multiple tenants, with one 3,600 square foot space immediately available. This space is well-suited for office or medical use, and its prime location and ample parking make it an attractive option for businesses seeking a thriving and accessible location in Cincinnati. The property's versatile design and convenient amenities make it a highly desirable location for businesses seeking a professional and convenient workspace.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,050,000
      6.5%
      $970,000
      7%
      $900,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $761,000
      Market price range: $193k - $829k
      AI Estimate
      $610,000
      Market price range: $185k - $611k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $950,000
      RESTAURANT
      $860,000
      MEDICAL BUILDING
      $600,000
      OFFICE BUILDING
      $550,000
      RETAIL STORES
      $495,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.4336
    Latitude
    39.1514
    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
    $18,789
    $15,740
    $211,638
    $227,378
    -
    $44,970
    $604,680
    $649,650

    Comparable in this City

    • Value Estimation by Request
      0.82 Acres

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      4960 Rdg Ave, Cincinnati, OH 45209-1075
      View Details
    • Value Estimation
      $590,000
      4,320 SF

      3046 Madison Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,320 SF
      3046 Madison Rd, Cincinnati, OH 45209-1723
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    • Value Estimation by Request
      2,520 SF

      3952 Edwards Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,520 SF
      3952 Edwards Rd, Cincinnati, OH 45209-1983
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    • Value Estimation by Request
      0.06 Acres

      3151 Madison Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 0.06 Acres
      3151 Madison Rd, Cincinnati, OH 45209-1356
      View Details
    • Value Estimation by Request
      1,118 SF

      3928 Edwards Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,118 SF
      3928 Edwards Rd, Cincinnati, OH 45209-1928
      View Details
    • Value Estimation by Request
      3,565 SF

      3153 Madison Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,565 SF
      3153 Madison Rd, Cincinnati, OH 45209-1399
      View Details

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      Retail Showroom in Oakley Market

      Furnished retail showroom space available for lease in Oakley.
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    Similar Nearby for Lease

    • $21 SF/Yr
      3,435 SF

      Office Space with Terrace

      Office space for rent with on-site conference center.
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      Premier Shopping Center in Cincinnati

      High-traffic shopping center with grocery anchors in Southwest Ohio.
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      Proposed Office Building For Lease

      Proposed office building with flexible design layouts available for lease.
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      Prime Retail Pad Site Opportunity

      Building pad for ground lease near Oakley Station.
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      200,000 SF

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      Office Space Available For Rent

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    View Listing
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    Cincinnati, OH 45209
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    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.

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