Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4108 Montgomery Rd Cincinnati, OH 45212-3776
    Back to Search
    Property profile & analytics

    4108 Montgomery Rd Cincinnati, OH 45212-3776

    View on Map
    • Retail residential properties
    • 4,324 SF
    • 0.09 lot acres
    Off-Market
    Last Sale Sep 9, 2022
    $175,000
    Property ID
    US66-0031516
    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

    • ATM / Atm
    • Echoes Dance & Play Bar / Bar & Pub

    Property Details for 4108 Montgomery Rd

    Year built
    1930
    Lot size
    0.09 lot acres
    Property size
    4,324 SF
    Property type
    Retail residential properties
    APN
    651-0033-0012-00
    APU
    6510033001200

    Description

    This exceptional 2,167 square foot turnkey bar is ideally situated in the heart of Norwood's vibrant submarket. Currently operating as Echoes Dance & Play Bar, this single-tenant property presents a unique investment opportunity. The sale includes all existing equipment, allowing for immediate occupancy and revenue generation. A liquor license is available for an additional fee, streamlining the transition for the new owner. The property benefits from a high volume of both foot and vehicular traffic, ensuring strong visibility and accessibility for patrons. Located within Hamilton County, this establishment boasts a prime location within the Norwood Submarket Cluster, offering excellent potential for continued success. The property's APN is 651-0033-0012-00. This is a rare chance to acquire an established business with immediate income potential in a desirable location. The property's existing infrastructure and equipment minimize upfront investment, allowing for a swift and profitable start. The high traffic area ensures a steady stream of potential customers, making this a truly attractive proposition for experienced bar owners or investors seeking a ready-made business. This is a retail property categorized as a bar.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.4606
    Latitude
    39.154
    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
    $4,223
    $15,484
    $45,766
    $61,250
    -
    $44,240
    $130,760
    $175,000

    Comparable in this City

    • Value Estimation by Request
      0.04 Acres

      3810 Elsmere Ave

      STORES & APARTMENTS • 0.04 Acres
      3810 Elsmere Ave, Cincinnati, OH 45212-3820
      View Details
    • Value Estimation by Request

      5601 Montgomery Rd

      STORES & APARTMENTS
      5601 Montgomery Rd, Cincinnati, OH 45212-1834
      View Details
    • Value Estimation by Request
      0.52 Acres

      5143 Montgomery Rd

      STORES & APARTMENTS • 0.52 Acres
      5143 Montgomery Rd, Cincinnati, OH 45212-2237
      View Details
    • Value Estimation by Request
      4,532 SF

      1762 Sherman Ave

      STORES & APARTMENTS • 4,532 SF
      1762 Sherman Ave, Cincinnati, OH 45212
      View Details
    • Value Estimation by Request
      6,900 SF

      4633 Montgomery Rd

      STORES & APARTMENTS • 6,900 SF
      4633 Montgomery Rd, Cincinnati, OH 45212-2647
      View Details
    • Value Estimation by Request
      7,677 SF

      4100 Montgomery Rd

      STORES & APARTMENTS • 7,677 SF
      4100 Montgomery Rd, Cincinnati, OH 45212-3612
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      5000 Montgomery Rd, Cincinnati, OH 45212

      Mixed-use properties
      5000 Montgomery Rd, Cincinnati, OH 45212
      View Details
    • Contact for pricing
      384,225 SF

      Cincinnati Office Building For Sale

      Large office building available in Cincinnati, Ohio.
      4700 Smith Rd, Cincinnati, OH 45212
      View Details
    • $1,150,000
      22,632 SF

      Central Cincinnati Location Office Building

      Office building in central Cincinnati with unique architectural features.
      2216 Norwood Ave, Norwood, OH 45212
      View Details
    • $275,000
      1,990 SF

      Cincinnati Duplex: Income Potential

      Fully occupied duplex in strong rental market with immediate cashflow.
      5637 Abbottsford Ave, Cincinnati, OH 45212
      View Details
    • $575,000
      2,942 SF

      Renovated Norwood Four-Unit Investment Property

      Fully renovated four-unit property in Norwood with strong income potential.
      2033 Maple Ave, Norwood, OH 45212
      View Details
    • $300,000

      Land Near Norwood Lateral Parkway

      Commercial land for sale near Cincinnati retail corridor.
      2490 Highland Ave, Cincinnati, OH 45212
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Class-A Office Buildings For Rent

      Three Class-A office buildings meticulously renovated in 2019.
      4650 Montgomery Rd, Norwood, OH 45212
      View Details
    • Contact for pricing
      2,585 SF

      Creative Office Space Available

      Creative office space in LEED Certified building for rent.
      5050 Section Ave, Cincinnati, OH 45212
      View Details
    • $16 SF/Yr
      1,202 SF

      Retail Space with Open Layout

      Retail space featuring natural light and high traffic location.
      5230-5232 Montgomery Rd, Cincinnati, OH 45212
      View Details
    • Contact for pricing
      2,392 SF

      Move-in Ready Office Suites Available

      Full floor and suites available in Norwood, Cincinnati.
      4401-4413 Montgomery Rd, Cincinnati, OH 45212
      View Details
    • Contact for pricing
      1,860 SF

      Central Cincinnati Office Space Available

      Office space for rent in central Cincinnati location.
      2300 Wall St, Cincinnati, OH 45212
      View Details
    • $13 SF/Yr

      Class A Office Space

      Renovated Class A office buildings in central Cincinnati.
      4600 Montgomery Rd, Cincinnati, OH 45212
      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.
    4108 Montgomery Rd
    Cincinnati, OH 45212-3776
    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

    Thank You for Inquiry
    4108 Montgomery Rd, Cincinnati, OH, 45212
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!