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    3939 Red Bank Rd Cincinnati, OH 45227
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    Property profile & analytics

    3939 Red Bank Rd, Cincinnati, OH 45227

    View on Map
    • Drive through restaurants
    • 0.79 lot acres
    For Sale
    $2,800,000
    View Listing →
    NNN Leased Restaurant Investment For Sale
    $2,800,000
    3,607 SF

    NNN Leased Restaurant Investment

    Long-term NNN lease with attractive escalations in affluent area.

    3939 Red Bank Rd, Cincinnati, OH
    View Listing
    Property ID
    US66-5312384
    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

    • Freddy's Frozen Custard & Steakburgers / Restaurant / Take-out & Catering

    Property Details for 3939 Red Bank Rd

    Lot size
    0.79 lot acres
    Property type
    Drive through restaurants
    APN
    038-0002-0428-00
    APU
    380002042800

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,415,000
      ML approach
      $1,415,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.4053
    Latitude
    39.1463
    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
    $35,959
    $201,600
    $235,900
    $437,500
    -
    $576,000
    $674,000
    $1,250,000

    Comparable in this City

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      6213 Wooster Pike

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      1,850 SF

      5816 Wooster Pike

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,850 SF
      5816 Wooster Pike, Cincinnati, OH 45227-4506
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      576 SF

      5910 Chandler St

      DRIVE-THRU RESTAURANT, FAST FOOD • 576 SF
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      192 SF

      5229 Madison Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 192 SF
      5229 Madison Rd, Cincinnati, OH 45227-1411
      View Details
    • Value Estimation
      $1,065,000
      824 SF

      5225 Madison Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 824 SF
      5225 Madison Rd, Cincinnati, OH 45227-1411
      View Details

    Similar Nearby for Sale

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      8,000 SF

      Retail or Restaurant Opportunity

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      3,607 SF

      NNN Leased Restaurant Investment

      Long-term NNN lease with attractive escalations in affluent area.
      3939 Red Bank Rd, Cincinnati, OH 45227
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      Madisonville Mixed-Use Investment Opportunity

      Mixed-use property with multiple rental spaces in high-traffic location.
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      1,896 SF

      Freestanding Building on Plainville Road

      Single tenant building suitable for retail, restaurant, or office use.
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    • $750,000
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      Turnkey Commercial Opportunity in Columbia

      Income-producing property with restaurant, salon, and lottery business.
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      2,735 SF

      Retail Space in Fairfax Corridor

      Retail space with strong demographics and signage opportunities.
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    Similar Nearby for Lease

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      Oakley Retail Development For Lease

      New retail development in Oakley, delivery planned for mid-2025.
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      5,781 SF

      Former Restaurant on Wooster Pike

      Former Frisch's restaurant on 2.13 acres in Fairfax/Mariemont.
      5760 Wooster Pike, Cincinnati, OH 45227
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    • $22 SF/Yr
      2,543 SF

      Former Brewery Restaurant and Bar

      Second-generation restaurant and bar space in a growing neighborhood.
      5900 Madison Rd, Cincinnati, OH 45227
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    • $22 SF/Yr
      1,300 SF

      Retail Space in Upscale Market

      Retail space with high traffic and abundant parking.
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      View Details
    • $3,500 /Mo
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      Multifunction Flex/Office/Retail Space Available

      Flex/office/retail building with overhead door and fenced storage.
      3550 Red Bank Rd, Cincinnati, OH 45227
      View Details
    View Listing
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    3939 Red Bank Rd
    Cincinnati, OH 45227
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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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    3939 Red Bank Rd, Cincinnati, OH, 45227
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