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    Property profile & analytics

    4034 Hamilton Ave Cincinnati, OH 45223

    • Investment properties
    • 2,738 SF
    • 0.06 lot acres
    For Sale
    View listing
    $450,000
    Value Estimation
    Last Sale
    Nov 17, 2023
    $380,000
    Location Intelligence
    Property ID
    US66-6225082
    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

    • Red Rose Lounge / Bar
    • Pour Lounge / Lounge
    • Lunachick's Tarot & Astro / Spiritist Center

    Property Details for 4034 Hamilton Ave

    Year built
    1890
    Lot size
    0.06 lot acres
    Property size
    2,738 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    221-0013-0140-00
    APU
    2210013014000

    Description

    This exceptional mixed-use property at 4034 Hamilton Avenue in Cincinnati, Ohio, presents a lucrative investment opportunity. The 2,838 square foot building, constructed in 1890 and extensively renovated in 2012, currently operates as a thriving bar with 100% occupancy. The property boasts attractive vaulted ceilings and sits on a 0.06-acre lot, identified by APN 221-0013-0140. The building is a two-story structure, offering versatile space for both retail and bar operations. The permitted zoning is CC-P, providing flexibility for future uses. This turnkey operation requires minimal landlord involvement, with existing income in place, making it an ideal investment for passive income seekers. The property's prime location in Cincinnati, Ohio, within Hamilton County, zip code 45223, ensures high visibility and accessibility. Showings are available by appointment only. The asking price for this established and profitable business is $425,000. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $390,000

    • CAP approach

      CAP return
      Estimation
      6%
      $400,000
      6.5%
      $430,000
      7%
      $430,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $410,000
      Geo Method
      $390,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $385,000
      Retail
      $365,000
      Mixed-Use
      $445,000
      Hospitality
      $385,000
      Educational
      $495,000
      Residential Income
      $380,000
      Energy
      $400,000
      Income-Based Land
      $410,000
      Food Service
      $365,000

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.5391
    Latitude
    39.1595
    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
    $8,545
    $16,548
    $86,471
    $103,019
    -
    $47,280
    $247,060
    $294,340

    Comparable in this City

    • Value Estimation by Request
      5,691 SF

      4041 Hamilton Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 5,691 SF
      4041 Hamilton Ave, Cincinnati, OH 45223-2601
      View Details
    • Value Estimation by Request
      3,748 SF

      1629 Hoffner St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,748 SF
      1629 Hoffner St, Cincinnati, OH 45223-2537
      View Details
    • Value Estimation
      $295,000
      3,958 SF

      4180 Hamilton Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,958 SF
      4180 Hamilton Ave, Cincinnati, OH 45223-2247
      View Details
    • Value Estimation
      $220,000
      4,095 SF

      4171 Hamilton Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,095 SF
      4171 Hamilton Ave, Cincinnati, OH 45223-2245
      View Details
    • Value Estimation by Request
      8,968 SF

      4048 Hamilton Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 8,968 SF
      4048 Hamilton Ave, Cincinnati, OH 45223
      View Details
    • Value Estimation
      $200,000
      3,094 SF

      3940 Spg Grv Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,094 SF
      3940 Spg Grv Ave, Cincinnati, OH 45223-2639
      View Details

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    Similar Nearby for Lease

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      Retail Space Available For Rent

      Retail space available for lease, 4627 square feet.
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    4034 Hamilton Ave
    Cincinnati, OH 45223
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    Realmo Value Estimation

    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.

    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.

    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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