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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3501 Section Rd Cincinnati, OH 45237-2434

    • Apartment buildings
    • 3,536 SF
    • 4.60 lot acres
    OFF-MARKET
    Last Sale
    May 13, 2021
    Value Estimations
    $485,000
    Show details
    Cap Rate Potential
    6.1%
    Apartment buildings
    Location Intelligence
    Property ID
    US66-1405258
    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

    • Amberley House Apartments / Apartment Building
    • Eisenberg Judith / Medical Clinic

    Property Details for 3501 Section Rd

    Year built
    1966
    Lot size
    4.60 lot acres
    Property size
    3,536 SF
    Property type
    Apartment buildings
    APN
    128-0001-0181-00
    APU
    1280001018100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $430,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $440,000
      6.5%
      $405,000
      7%
      $375,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $678,000
      Market price range: $126k - $679k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $295,000
      Current use
      AUTO REPAIR, GARAGE
      $650,000
      Change: +118% Conversion: Difficult
      MEDICAL BUILDING
      $410,000
      Change: +38% Conversion: Moderate
      OFFICE BUILDING
      $375,000
      Change: +26% Conversion: Moderate
      RETAIL STORES
      $340,000
      Change: +14% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $315,000
      Change: +5% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $305,000
      Change: +3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.4158
    Latitude
    39.1939
    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
    $98,176
    $134,876
    $1,059,884
    $1,194,760
    -
    $385,360
    $3,028,240
    $3,413,600

    Comparable in this City

    • Value Estimation
      $215,000
      3.57 Acres

      1 Lk Vw Dr

      APARTMENT HOUSE (5+ UNITS) • 3.57 Acres
      1 Lk Vw Dr, Cincinnati, OH 45237-1582
      View Details
    • Value Estimation
      $330,000
      19,916 SF

      7866 Newbedford Ave

      APARTMENT HOUSE (5+ UNITS) • 19,916 SF
      7866 Newbedford Ave, Cincinnati, OH 45237-1050
      View Details
    • Value Estimation
      $355,000
      1.87 Acres

      21 Lk Shr Dr, Unit 23

      APARTMENT HOUSE (5+ UNITS) • 1.87 Acres
      21 Lk Shr Dr, Cincinnati, OH 45237-1550
      View Details
    • Value Estimation
      $355,000
      2.16 Acres

      31 Lk Shr Dr, Unit 33

      APARTMENT HOUSE (5+ UNITS) • 2.16 Acres
      31 Lk Shr Dr, Cincinnati, OH 45237-1553
      View Details
    • Value Estimation
      $350,000
      0.69 Acres

      3 Lk Vw Dr, Unit 4

      APARTMENT HOUSE (5+ UNITS) • 0.69 Acres
      3 Lk Vw Dr, Cincinnati, OH 45237-1532
      View Details
    • Value Estimation
      $345,000
      0.73 Acres

      5 Lk Vw Dr, Unit 6

      APARTMENT HOUSE (5+ UNITS) • 0.73 Acres
      5 Lk Vw Dr, Cincinnati, OH 45237-1534
      View Details

    Similar Nearby for Sale

    • $352,000
      0.11 Acres

      Renovated Fourplex in Golf Manor

      Fourplex with renovated studio apartments and on-site parking.
      2537 Vera Ave, Cincinnati, OH 45237
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    • $352,000

      Renovated Fourplex Investment Opportunity

      Fourplex with renovated studio apartments and on-site parking.
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    • $352,000
      0.12 Acres

      Renovated Fourplex Investment Opportunity

      Fourplex with renovated units and on-site parking in Golf Manor.
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      View Details
    • New
      $305,000
      Pending

      Four-Unit Building in Bond Hill

      Four-unit brick building near transportation and highways in Cincinnati.
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      View Details
    • $352,000
      0.12 Acres

      Renovated Fourplex Investment Opportunity

      Fourplex in Golf Manor with renovated studio apartments.
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    • $7,560,000
      56.00 Acres

      Cincinnati Industrial Land - 56 Acres

      Prime Hamilton County industrial land, $7.56M
      2100 Section Rd, Amberley, OH 45237
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,276 SF

      Retail Space in Roselawn Area

      Retail space available for rent in Cincinnati's Roselawn area.
      1838-1864 Seymour Ave, Cincinnati, OH 45237
      View Details
    • $6 SF/Yr
      8,144 SF

      Industrial Space with Office

      8,144 SF industrial space with office for lease.
      7665 Production Dr, Cincinnati, OH 45237
      View Details
    • $18 SF/Yr
      3,933 SF

      Office Space with Furniture Available

      3,933 SF office space with furniture, abundant parking.
      1740 Langdon Farm Rd, Cincinnati, OH 45237
      View Details
    • $4 SF/Yr
      12,000 SF

      Industrial Space Available For Lease

      Industrial property with 12,000 square feet available for lease.
      6240 Wiehe Rd, Cincinnati, OH 45237
      View Details
    • Contact for pricing
      960 SF

      Retail Space in Golf Manor

      960 SF retail space in a busy strip center.
      2096-2106 Seymour Ave, Cincinnati, OH 45237
      View Details
    • $14 SF/Yr
      3,384 SF

      Losantiville Avenue Retail/Office Space

      Two-story, move-in ready retail/office space in Golf Manor.
      2198 Losantiville Ave, Cincinnati, OH 45237
      View Details
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    3501 Section Rd
    Cincinnati, OH 45237-2434
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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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