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

    4240 Airport Rd Cincinnati, OH 45226

    • Office buildings
    • 9,490 SF
    • 0.91 lot acres
    For Sale
    View listing
    $1.00
    Last Sale
    Dec 08, 2021
    $1,500,000
    Value Estimations
    Cap Rate Potential
    9.2%
    Office buildings
    Location Intelligence
    Property ID
    US66-1705874
    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

    • All Home Mortgages, LLC / Mortgage Lender / Mortgage Broker
    • GPS Tracking Solutions / Gps Supplier
    • Cincinnati Sports Leagues / Marketing Consultant / Leagues Club
    • ARGUS International, Inc. / Aviation Consultant
    • HughesNet / Corporate Office

    Property Details for 4240 Airport Rd

    Year built
    1996
    Lot size
    0.91 lot acres
    Property size
    9,490 SF
    Property type
    Office buildings
    APN
    013-0003-0024-00
    APU
    130003002400

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,315,000
      ML approach
      $1,305,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,015,000
      6.5%
      $1,860,000
      7%
      $1,725,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,311,000
      Market price range: $680k - $2.19M
      AI Estimate
      $1,395,000
      Market price range: $480k - $1.98M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,005,000
      Current use
      AUTO REPAIR, GARAGE
      $1,740,000
      Change: +73% Conversion: Difficult
      RESTAURANT
      $1,580,000
      Change: +57% Conversion: Moderate
      MEDICAL BUILDING
      $1,100,000
      Change: +9% Conversion: Easy
      RETAIL STORES
      $910,000
      Change: -10% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $840,000
      Change: -17% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.4295
    Latitude
    39.1056
    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
    $30,385
    $16,320
    $353,615
    $369,935
    -
    $46,630
    $1,010,330
    $1,056,960

    Comparable in this City

    • Value Estimation by Request
      8,412 SF

      821 Delta Ave

      OFFICE BUILDING (MULTI-STORY) • 8,412 SF
      821 Delta Ave, Cincinnati, OH 45226-1220
      View Details
    • Value Estimation by Request
      9,584 SF

      3833 Eastern Ave

      OFFICE BUILDING • 9,584 SF
      3833 Eastern Ave, Cincinnati, OH 45226-2104
      View Details
    • Value Estimation
      $665,000
      12,240 SF

      4242 Airport Rd

      OFFICE BUILDING (MULTI-STORY) • 12,240 SF
      4242 Airport Rd, Cincinnati, OH 45226-1615
      View Details
    • Value Estimation by Request
      3,604 SF

      3151 Riverside Dr

      OFFICE BUILDING • 3,604 SF
      3151 Riverside Dr, Cincinnati, OH 45226-1052
      View Details
    • Value Estimation by Request
      2,289 SF

      3528 Columbia Pkwy

      OFFICE BUILDING • 2,289 SF
      3528 Columbia Pkwy, Cincinnati, OH 45226-3200
      View Details
    • Value Estimation by Request
      600 SF

      4439 Kellogg Ave

      OFFICE BUILDING • 600 SF
      4439 Kellogg Ave, Cincinnati, OH 45226-1540
      View Details

    Similar Nearby for Sale

    • $190,000
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      Wooster Road Office Condo Units

      Office condo units for sale in Cincinnati's Linwood neighborhood.
      5084 Wooster Rd, Cincinnati, OH 45226
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    • Contact for pricing

      Office Spaces on High-Vis Corner

      Small office spaces available for lease with utilities included.
      4242 Airport Rd, Cincinnati, OH 45226
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      1,400 SF

      Office Space Near Lunken Airport

      Furnished office space with airport views and shared amenities.
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      0.23 Acres

      Office Space on High-Vis Corner

      Small office spaces available in Cincinnati with flexible terms.
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    • Contact for pricing
      0.21 Acres

      Columbia Parkway Development Land

      Prime Cincinnati land, mixed-use potential.
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    • $450,000
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      Spacious duplex with views, updated features, and charming details.
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    Similar Nearby for Lease

    • $15 SF/Yr
      12,096 SF

      Lunken Executive Building Office Suites

      Cincinnati Office Space: Flexible Suites Available
      4242 Airport Rd, Cincinnati, OH 45226
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    • $15 SF/Yr
      3,550 SF

      Furnished Boutique Office Space Available

      Furnished historic office space with parking and open floor plan.
      4786 Eastern Ave, Cincinnati, OH 45226
      View Details
    • $14 SF/Yr
      44,265 SF

      Lincoln School: Creative Office Space

      Historic Cincinnati Office Building, 4,311 SF Available
      455 Delta Ave, Cincinnati, OH 45226
      View Details
    • $31 SF/Yr
      43 SF

      Office Space Available For Rent

      Office space available for lease at $31.16 per square foot.
      3505 Columbia Pkwy, Cincinnati, OH 45226
      View Details
    • $13 SF/Yr
      3,144 SF

      Mt. Lookout Office Space Available

      Office suites for lease in Mt. Lookout neighborhood.
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    • $26 SF/Yr
      8,666 SF

      Prime Cincinnati Retail Space

      Class A Retail, 8,666 SF, High Visibility
      3545 Columbia Pkwy, Cincinnati, OH 45226
      View Details
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    4240 Airport Rd
    Cincinnati, OH 45226
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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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