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

    3039 Madison Rd Cincinnati, OH 45209-1709

    • Office buildings
    • 906 SF
    • 0.09 lot acres
    OFF-MARKET
    Last Sale
    Feb 01, 2023
    $730,000
    Value Estimations
    $735,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2032353
    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

    • Oakley Square Eye Associates / Eye Care Center / Optician
    • Oakley Square Eye Associates: Little Becky OD / Optometrist
    • Phillip Apfel, OD / Optometrist
    • Anthony Dirr / Optometrist

    Property Details for 3039 Madison Rd

    Year built
    1940
    Lot size
    0.09 lot acres
    Property size
    906 SF
    Property type
    Office buildings
    APN
    039-0004-0046-00
    APU
    390004004600

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $750,000
      ML approach
      $730,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.4324
    Latitude
    39.1513
    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
    $21,552
    $42,532
    $212,968
    $255,500
    -
    $121,520
    $608,480
    $730,000

    Comparable in this City

    • Value Estimation
      $1,120,000
      10,032 SF

      3927 Brotherton Rd

      OFFICE BUILDING • 10,032 SF
      3927 Brotherton Rd, Cincinnati, OH 45209-1100
      View Details
    • Value Estimation by Request
      0.73 Acres

      4642 Rdg Ave

      OFFICE BUILDING • 0.73 Acres
      4642 Rdg Ave, Cincinnati, OH 45209-1029
      View Details
    • Value Estimation
      $835,000
      17,280 SF

      5002 Rdg Ave

      OFFICE BUILDING (MULTI-STORY) • 17,280 SF
      5002 Rdg Ave, Cincinnati, OH 45209-1037
      View Details
    • Value Estimation by Request
      2.17 Acres

      3805 Edwards Rd

      OFFICE BUILDING (MULTI-STORY) • 2.17 Acres
      3805 Edwards Rd, Cincinnati, OH 45209-1900
      View Details
    • Value Estimation by Request
      3.46 Acres

      4800 Kennedy Ave

      OFFICE BUILDING • 3.46 Acres
      4800 Kennedy Ave, Cincinnati, OH 45209-7544
      View Details
    • Value Estimation by Request
      4.10 Acres

      4141 Rosslyn Dr

      OFFICE BUILDING • 4.10 Acres
      4141 Rosslyn Dr, Cincinnati, OH 45209-1183
      View Details

    Similar Nearby for Sale

    • New
      $1,399,000
      10,032 SF

      Two-Story Commercial Space in Oakley

      Well-kept commercial building in Oakley with move-in-ready office space.
      3927 Brotherton Rd, Cincinnati, OH 45209
      View Details
    • $1,399,000

      Two-Story Commercial Space in Oakley

      Well-kept, versatile commercial building in Oakley with central access.
      3927 Brotherton Rd, Cincinnati, OH 45209
      View Details
    • Contact for pricing
      130 SF

      Cincinnati Retail/Office/Mixed-Use Opportunity

      Prime Cincinnati location suitable for retail, office, or mixed-use ventures.
      4825 Marburg Ave, Cincinnati, OH 45209
      View Details
    • Contact for pricing
      44 SF

      Retail Showroom in Oakley Market

      Furnished retail showroom space available for lease in Oakley.
      3235 Madison Rd, Cincinnati, OH 45209
      View Details
    • Contact for pricing
      4,904 SF

      Mixed-Use Property in Prime Location

      Storefront with apartments in a highly sought-after area.
      3931 Edwards Rd, Cincinnati, OH 45209
      View Details
    • Contact for pricing
      130 SF

      Retail Opportunity in Cincinnati, OH

      Prime retail property with modern amenities and flexible floor plans.
      4825 Marburg Ave, Cincinnati, OH 45209
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      3,180 SF

      Oakley Executive Office Suites

      Newly renovated, prime Oakley location.
      4960 Ridge Ave, Cincinnati, OH 45209
      View Details
    • $25 SF/Yr
      1,377 SF

      Modern Office Space Available

      Modern office suites with private bathrooms and kitchenette for rent.
      3094-3096 Madison Rd, Cincinnati, OH 45209
      View Details
    • $15 SF/Yr
      4,700 SF

      Creative Space in Oakley, Ohio

      4,700 SF creative space in a stand-alone building.
      3235 Enyart Ave, Cincinnati, OH 45209
      View Details
    • $18 SF/Yr
      15,231 SF

      Office Space with Parking Garage

      Office space available for rent with on-site management.
      4000 Smith Rd, Cincinnati, OH 45209
      View Details
    • $22 SF/Yr
      6,668 SF

      Madison Road Office Space Available

      Cincinnati Office Building - 3,600 SF Available
      3026 Madison Rd, Cincinnati, OH 45209
      View Details
    • Contact for pricing
      60,000 SF

      Oakley Station Office Space

      Modern Cincinnati office suites, 20,000-60,000 sq ft.
      0 Vandercar Way, Cincinnati, OH 45209
      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.
    3039 Madison Rd
    Cincinnati, OH 45209-1709
    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.