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    413 S Breiel Blvd Middletown, OH 45044

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    413 S Breiel Blvd Middletown, OH 45044

    View on Map
    • Community centers
    • 155,423 SF
    • 15.00 lot acres
    For Lease
    $1,645,000
    View Listing →
    Established Middletown Shopping Center Space For Lease
    $1,645,000

    Established Middletown Shopping Center Space

    Neighborhood center with national, regional, and local tenants.

    413 S Breiel Blvd, Middletown, OH 45044
    View Listing
    Property ID
    US66-1333231
    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
    $1,645,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Community centers

    Property Details for 413 S Breiel Blvd

    Year built
    1960
    Lot size
    15.00 lot acres
    Property size
    155,423 SF
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    Q6541-023.000-001
    APU
    Q6541023000001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,175,000
      ML approach
      $1,175,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Butler
    State
    Ohio
    Longitude
    -84.3539
    Latitude
    39.505
    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
    $58,129
    $743,860
    $224,660
    $968,520
    -
    $2,125,300
    $641,880
    $2,767,180

    Comparable in this City

    • Value Estimation
      $5,140,000
      84,000 SF

      4601 Roosevelt Blvd

      MINI-MALL • 84,000 SF
      4601 Roosevelt Blvd, Middletown, OH 45044-6224
      View Details
    • Value Estimation
      $1,210,000
      60,248 SF

      7302 Yankee Rd

      MINI-MALL • 60,248 SF
      7302 Yankee Rd, Liberty Township, OH 45044-9168
      View Details
    • Value Estimation
      $1,450,000
      73,848 SF

      4680 Caprice Dr

      MINI-MALL • 73,848 SF
      4680 Caprice Dr, Middletown, OH 45044-7103
      View Details
    • Value Estimation by Request
      1.23 Acres

      Breiel Blvd

      MINI-MALL • 1.23 Acres
      Breiel Blvd, Middletown, OH 45044
      View Details
    • Value Estimation
      $800,000
      1.92 Acres

      University Blvd

      MINI-MALL • 1.92 Acres
      University Blvd, Middletown, OH 45044
      View Details
    • Value Estimation by Request
      78,678 SF

      1701 University Blvd

      MINI-MALL • 78,678 SF
      1701 University Blvd, Middletown, OH 45044-5975
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      26,968 SF

      Two-Tenant Shopping Center Investment

      Value-add opportunity in a high-growth Cincinnati MSA corridor.
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      View Details
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      Renovated Mixed-Use Property with Retail

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      Dollar Tree NNN Investment

      Single-tenant Dollar Tree with 8.5 years remaining on lease.
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    • $475,000
      30,240 SF

      Middletown Retail Corner Location

      Retail property in innovative Middletown, near Dayton and Cincinnati.
      1150 Central Ave, Middletown, OH 45044
      View Details
    • New
      $235,000
      1,281 SF

      Retail Building on Central Avenue

      Stand-alone retail building with high visibility in Middletown, OH.
      2018 Central Ave, Middletown, OH 45044
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Established Middletown Shopping Center Space

      Retail spaces available in established neighborhood shopping center.
      413 S Breiel Blvd, Middletown, OH 45044
      View Details
    • Contact for pricing
      2,405 SF

      Retail Space in Town Center

      Retail spaces available in high-traffic shopping center.
      1204 Main St, Hamilton, OH 45044
      View Details
    • Contact for pricing

      Established Shopping Center Retail Space

      Neighborhood center with national, regional, and local tenants.
      413 S Breiel Blvd, Middletown, OH 45044
      View Details
    • Contact for pricing

      Established Middletown Shopping Center Space

      Neighborhood center with national, regional, and local tenants.
      413 S Breiel Blvd, Middletown, OH 45044
      View Details
    • Contact for pricing

      Established Middletown Shopping Center Space

      Neighborhood center with national, regional, and local tenants.
      413 S Breiel Blvd, Middletown, OH 45044
      View Details
    • Contact for pricing

      Established Middletown Shopping Center Space

      Neighborhood center with national, regional, and local tenants.
      413 S Breiel Blvd, Middletown, OH 45044
      View Details
    View Listing
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    Middletown, OH 45044
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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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