Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    338 Circle Freeway Dr Cincinnati, OH 45246
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    338 Circle Freeway Dr Cincinnati, OH 45246

    View on Map
    • Warehouses
    • 150,065 SF
    • 3.89 lot acres
    For Lease
    $10,045,000
    View Listing →
    Industrial Space with Easy Access For Lease
    $10,045,000
    153,294 SF

    Industrial Space with Easy Access

    153,294 SF industrial space with convenient highway access.

    338 Circle Freeway Drive, Cincinnati, OH 45246
    View Listing
    Property ID
    US66-1840199
    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

    • Warehouses

    Property Details for 338 Circle Freeway Dr

    Year built
    1970
    Lot size
    3.89 lot acres
    Property size
    150,065 SF
    Property type
    Warehouses
    APN
    M5620-050.000-006
    APU
    M5620050000006

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $14,630,000
      6.5%
      $13,505,000
      7%
      $12,540,000

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

    Location Insight

    • Map
    • Local Demand
    City
    West Chester
    County
    Butler
    State
    Ohio
    Longitude
    -84.4815
    Latitude
    39.308
    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
    $105,523
    $87,980
    $1,655,590
    $1,743,570
    -
    $251,370
    $4,730,250
    $4,981,620

    Comparable in this City

    • Value Estimation by Request
      0.20 Acres

      9992 Commerce Park Dr

      WAREHOUSE, STORAGE • 0.20 Acres
      9992 Commerce Park Dr, West Chester, OH 45246-1332
      View Details
    • Value Estimation
      $18,635,000
      246,102 SF

      4225 Dues Dr

      WAREHOUSE, STORAGE • 246,102 SF
      4225 Dues Dr, West Chester, OH 45246-1001
      View Details
    • Value Estimation by Request
      245,887 SF

      600 Kemper Commons Cir

      Distribution properties • 245,887 SF
      600 Kemper Commons Cir, Cincinnati, OH 45246
      View Details
    • Value Estimation by Request
      1,920 SF

      4838 Duff Dr

      WAREHOUSE, STORAGE • 1,920 SF
      4838 Duff Dr, West Chester, OH 45246-1143
      View Details
    • Value Estimation
      $2,915,000
      17,480 SF

      10073 Commerce Park Dr

      WAREHOUSE, STORAGE • 17,480 SF
      10073 Commerce Park Dr, West Chester, OH 45246-1333
      View Details
    • Value Estimation
      $2,295,000
      33,287 SF

      11733 Chesterdale Rd

      WAREHOUSE, STORAGE • 33,287 SF
      11733 Chesterdale Rd, Cincinnati, OH 45246-3405
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      190,000 SF

      190,000 SF Industrial Facility

      190,000 SF industrial facility on 42.78 acres available.
      10074 Princeton Glendale Rd, West Chester, OH 45246
      View Details
    • Contact for pricing
      4,915 SF

      High-Visibility Commercial Building in Sharonville

      Commercial building suitable for retail, office, restaurant, or service-based businesses.
      11483 Chester Rd, Cincinnati, OH 45246
      View Details
    • Contact for pricing
      174,544 SF

      Office Building in Cincinnati, OH

      Office building with 43,638 SF available for lease.
      55 Merchant St, Cincinnati, OH 45246
      View Details
    • Contact for pricing

      Land on Pictoria Drive

      Land available for sale on Pictoria Drive, Springdale, Ohio.
      Pictoria Dr, Cincinnati, OH 45246
      View Details
    • Contact for pricing
      5,180 SF

      Visible Office Space Available

      General office space with private offices and exterior signage.
      12124 Sheraton Ln, Springdale, OH 45246
      View Details
    • Contact for pricing
      138,835 SF

      Cincinnati Office Building For Sale

      Office building with convenient highway access and signage opportunities.
      25 Merchant St, Cincinnati, OH 45246
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      153,294 SF

      Industrial Space with Easy Access

      153,294 SF industrial space with convenient highway access.
      338 Circle Freeway Dr, Cincinnati, OH 45246
      View Details
    • Contact for pricing
      2,800 SF

      West Chester Township Warehouse Space

      Warehouse space available in West Chester Township with ample parking.
      9990-10020 International Blvd, Cincinnati, OH 45246
      View Details
    • Contact for pricing

      Office/Warehouse Space Available

      Office space convertible to warehouse with drive-in door.
      4739 Devitt Dr, Cincinnati, OH 45246
      View Details
    • Contact for pricing
      9,288 SF

      Industrial Space Near Downtown Cincinnati

      9,288 SF industrial space, 15 minutes from Downtown Cincinnati.
      11691-11711 Chesterdale Rd, Cincinnati, OH 45246
      View Details
    • Contact for pricing
      234,400 SF

      Industrial Space Near I-275, I-75

      Industrial space with immediate highway access and LED lighting.
      2939-2975 Crescentville Rd, Cincinnati, OH 45246
      View Details
    • Contact for pricing
      26,175 SF

      West Chester Warehouse Space Available

      26,175 SF warehouse with easy access to major roadways.
      235 Circle Freeway Dr, West Chester, OH 45246
      View Details
    View Listing
    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.
    338 Circle Freeway Dr
    Cincinnati, OH 45246
    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.
    Sign Up Successful!
    You now have access to more from Realmo!