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    3100 Springdale Rd Cincinnati, OH 45251-1504
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    Property profile & analytics

    3100 Springdale Rd, Cincinnati, OH 45251-1504

    View on Map
    • Strip malls
    • 26,260 SF
    • 2.16 lot acres
    Off-Market
    Last Sale Aug 5, 2024
    $920,000
    Property ID
    US66-1859299
    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
    $920,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Office / Bar & Pub

    Property Details for 3100 Springdale Rd

    Year built
    1964
    Lot size
    2.16 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    510-0042-0022-00
    APU
    5100042002200

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 9, 2024 — Dolgen Midwest LLC Basis Sprinchill LLC Deed —
    Aug 5, 2024 $920,000 Basis Springhill LLC Springhill Shopping Center LLC Warranty Deed $1.3M · Stock Yards Bank & Trust Co
    May 31, 2001 $925,000 Gary D Davis Trustee Salzer,richard B Grant Deed $740k · Park National Bank
    — — Springhill Shopping Center LLC — Deed Of Trust · related $116k · Park National Bank
    — — Springhill Shopping Center LLC — Deed Of Trust · related $110k · Park National Bank

    Description

    Spring Hill Center, located at 3100 Springdale Rd in Cincinnati, Ohio (zip code 45251), presents a fantastic opportunity for retail businesses. This 27,350 square foot strip center boasts ten individual suites, with two currently available, ranging from 1,250 to 1,850 square feet. The property is situated in Hamilton County and benefits from its location within a thriving residential community offering diverse demographics. Recent upgrades under new ownership significantly enhance the property's appeal. These improvements include a fresh coat of paint on the building exterior, a revitalized façade, upgraded lighting fixtures, and a completely renovated parking lot. The strategic location and recent renovations make Spring Hill Center an ideal investment for businesses seeking high visibility and a modern retail space. The property's multiple suite configuration offers flexibility for various retail concepts, allowing for a diverse tenant mix. This prime retail location in Cincinnati offers excellent accessibility and ample parking for customers and employees. The property's recent upgrades ensure a modern and attractive environment for businesses and their clientele. Interested parties are encouraged to inquire about available suite sizes and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $920,000
      ML approach
      $920,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $583,000
      Market price range: $584k - $1.37M

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.5825
    Latitude
    39.2565
    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
    $30,382
    $109,763
    $278,890
    $388,653
    -
    $313,610
    $796,830
    $1,110,440

    Comparable in this City

    • Value Estimation
      $20,310,000
      11.65 Acres

      3645-3687 Stonecreek Blvd

      SHOPPING CENTER, STRIP CENTER
      3645-3687 Stonecreek Blvd, Cincinnati, OH 45251
      View Details
    • Value Estimation
      $595,000
      7,689 SF

      5685 Springdale Rd

      SHOPPING CENTER, STRIP CENTER
      5685 Springdale Rd, Cincinnati, OH 45251-1825
      View Details
    • Value Estimation
      $25,980,000
      1.15 Acres

      3612 Stone Crk Blvd

      SHOPPING CENTER, STRIP CENTER
      3612 Stone Crk Blvd, Cincinnati, OH 45251-1450
      View Details
    • Value Estimation
      $2,800,000
      32,692 SF

      9880 Colerain Ave, Unit 9908

      SHOPPING CENTER, STRIP CENTER
      9880 Colerain Ave, Cincinnati, OH 45251-1401
      View Details
    • Value Estimation
      $1,065,000
      7,439 SF

      3515 Springdale Rd

      SHOPPING CENTER, STRIP CENTER
      3515 Springdale Rd, Cincinnati, OH 45251-1300
      View Details
    • Value Estimation by Request
      3,024 SF

      9850 Colerain Ave

      SHOPPING CENTER, STRIP CENTER
      9850 Colerain Ave, Cincinnati, OH 45251-1470
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Retail property with high visibility and easy access.
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      7,250 SF

      AmeriStop Strip Center For Sale

      Retail strip center in excellent condition with renewed tenants.
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      Retail Property for Sale

      Retail property available for purchase in Cincinnati, Ohio.
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      31 Acres Commercial Land Available

      31 acres of commercial land for lease with I-275 exposure.
      3633 Struble Rd, Cincinnati, OH 45251
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    Similar Nearby for Lease

    • Contact for pricing
      23,500 SF

      Retail Space Near Walmart

      Retail space available in busy shopping center.
      10164-10166 Colerain Ave, Cincinnati, OH 45251
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    • Contact for pricing
      4,100 SF

      Retail Space Near Northgate Mall

      Retail spaces available near Colerain Ave and Springdale Road.
      3563 Springdale Rd, Cincinnati, OH 45251
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    • Contact for pricing
      9,000 SF

      Retail Space Near Northgate Mall

      Retail spaces available near Colerain Ave and Northgate Mall.
      9654 Colerain Ave, Cincinnati, OH 45251
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    • Contact for pricing
      37,941 SF

      Retail Space Near Northgate Mall

      Retail spaces available near Northgate Mall at Colerain Ave.
      9674-9690 Colerain Ave, Cincinnati, OH 45251
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space Near Northgate Mall

      Retail space with high visibility and strong traffic counts.
      9470-9490 Colerain Ave, Cincinnati, OH 45251
      View Details
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    Cincinnati, OH 45251-1504
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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.

    More about this property
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