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

    3287 Werk Rd Cincinnati, OH 45211-6843

    • Commercial land
    • 0.18 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1362815
    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

    • Greater Cincinnati Credit Union / Credit Union / Atm

    Property Details for 3287 Werk Rd

    Year built
    1971
    Lot size
    0.18 lot acres
    Property type
    Commercial land
    APN
    208-0060-0296-00
    APU
    2080060029600

    Description

    This exceptional 3,483 square foot retail property, formerly a credit union, presents a unique investment opportunity in Cincinnati's desirable Western Hills neighborhood. Situated on a 0.54-acre lot at 3287 Werk Rd, Cincinnati, OH 45211, this property benefits from a high-traffic location at a signalized intersection experiencing over 20,000 vehicles daily. The convenient access is further enhanced by curb cuts on both Werk Road and Glenmore Avenue. The existing infrastructure includes a drive-through and ATM lanes, offering significant potential for various retail uses. The building's previous use as a credit union suggests a strong foundation for a secure and adaptable space. Its location within Hamilton County provides access to a robust local market and established infrastructure. This property is ideal for businesses seeking high visibility and convenient access in a thriving Cincinnati community. The ample lot size offers potential for expansion or outdoor amenities. This is a rare opportunity to acquire a well-positioned retail space in a high-demand area. The property is available for sale.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.613
    Latitude
    39.1407
    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
    $2,071
    $25,001
    $0.00
    $25,001
    -
    $71,430
    $0.00
    $71,430

    Comparable in this City

    • Value Estimation by Request
      0.14 Acres

      2911 Ruehlmann Pl

      VACANT COMMERCIAL LAND • 0.14 Acres
      2911 Ruehlmann Pl, Cincinnati, OH 45211-5823
      View Details
    • Value Estimation by Request
      0.51 Acres

      3501 Mcfarlan Rd

      VACANT COMMERCIAL LAND • 0.51 Acres
      3501 Mcfarlan Rd, Cincinnati, OH 45211-5861
      View Details
    • Value Estimation by Request
      0.21 Acres

      2842 Lafeuille Ave

      VACANT COMMERCIAL LAND • 0.21 Acres
      2842 Lafeuille Ave, Cincinnati, OH 45211
      View Details
    • Value Estimation by Request
      0.00 Acres

      3406 Glenmore Ave

      VACANT COMMERCIAL LAND • 0.00 Acres
      3406 Glenmore Ave, Cincinnati, OH 45211-5412
      View Details
    • Value Estimation by Request
      0.01 Acres

      Harrison Ave

      VACANT COMMERCIAL LAND • 0.01 Acres
      Harrison Ave, Cincinnati, OH 45211
      View Details
    • Value Estimation by Request
      0.03 Acres

      2966 Harrison Ave

      VACANT COMMERCIAL LAND • 0.03 Acres
      2966 Harrison Ave, Cincinnati, OH 45211
      View Details

    Similar Nearby for Sale

    • $7,000,000

      Land Near Mercy West Hospital

      Land available near Mercy West Hospital and I-74.
      4995-5033 N Bend Rd, Cincinnati, OH 45211
      View Details
    • Contact for pricing

      North Bend Road Frontage Land

      Up to 2.3 acres with conversion or redevelopment opportunities.
      4911-4913 N Bend Rd, Cincinnati, OH 45211
      View Details
    • Contact for pricing
      0.99 Acres

      Land in Growing Cincinnati Community

      Affordable land parcel suitable for development in Cincinnati, Ohio.
      2725 Faber Ave, Cincinnati, OH 45211
      View Details
    • $400,000

      Commercial Land in Cheviot

      Commercial land in northern Cheviot with development potential.
      Bruestle Ave, Cincinnati, OH 45211
      View Details
    • $2,100,000

      Commercially Zoned Land Opportunity

      2.7 acres of commercially zoned land next to Mercy Hospital.
      4976 N Bend Rd, Cincinnati, OH 45211
      View Details
    • $2,100,000
      2.70 Acres

      Kleeman Corner: 2.7 Acres in Cincinnati

      Prime Cincinnati land, ideal for development. Excellent location & access.
      4932 Bend Rd, Cincinnati, OH 45211
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      3,148 SF

      Bridgetown Road Retail Space

      Prime Cincinnati Retail, Move-In Ready
      4456 Bridgetown Rd, Cincinnati, OH 45211
      View Details
    • $3,000 /Mo
      10,280 SF

      Spacious Commercial Property For Lease

      Commercial property for lease with basement and parking.
      3708 Davis Ave, Cincinnati, OH 45211
      View Details
    • Contact for pricing
      40,000 SF

      West Town Center Retail Space

      Prime Cincinnati retail space, newly renovated.
      6290 Glenway Ave, Cincinnati, OH 45211
      View Details
    • $2,200,000
      9,000 SF

      Retail Space on Harrison Avenue

      Retail space available at signalized intersection on Harrison Avenue.
      2427-2449 Harrison Ave, Cincinnati, OH 45211
      View Details
    • Contact for pricing
      7,639 SF

      Retail Space in Western Hills Plaza

      Retail space with high visibility and strong national retailers.
      6000-6180 Glenway Ave, Cincinnati, OH 45211
      View Details
    • Contact for pricing
      3,204 SF

      Glenway Avenue Retail Space

      Retail property available for lease on Glenway Avenue.
      6000 Glenway Ave, Cincinnati, OH 45211
      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.
    3287 Werk Rd
    Cincinnati, OH 45211-6843
    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.