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    Property profile & analytics

    4242 Airport Rd Cincinnati, OH 45226

    • Office buildings
    • 12,240 SF
    • 0.23 lot acres
    For Sale
    View listing
    $1.00
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-0084508
    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

    • Osmic Enterprises Inc / Production Facility / Factory
    • (W)Holistic Approach to Living-Medical Massage Cincinnati / Alternative Medicine Practice / Spa & Massage Center
    • ELM Mental Wellness / Crisis Center / Medical Clinic
    • Lunken Executive Building / Real Estate Agency
    • SNA Electric / Engineer

    Property Details for 4242 Airport Rd

    Year built
    1971
    Lot size
    0.23 lot acres
    Property size
    12,240 SF
    Property type
    Office buildings
    APN
    013-0003-0025-00
    APU
    130003002500

    Description

    The Lunken Executive Building, a Class B office property located at 4242 Airport Rd, Cincinnati, OH 45226, offers diverse office spaces ideal for various business needs. This single, one-story building, constructed in 1971 and renovated in 2010, encompasses 12,096 square feet and sits on 0.23 acres of land. The building features 14 suites, with options ranging from a minimum of 250 square feet to a maximum contiguous space of 1,100 square feet

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $876,000
      Market price range: $877k - $2.83M
      AI Estimate
      $779,000
      Market price range: $619k - $2.55M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,080,000
      NEIGHBORHOOD: SHOPPING CENTER
      $1,060,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.4298
    Latitude
    39.1054
    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
    $16,996
    $8,029
    $198,695
    $206,724
    -
    $22,940
    $567,700
    $590,640

    Comparable in this City

    • Value Estimation by Request
      3,604 SF

      3151 Riverside Dr

      OFFICE BUILDING • 3,604 SF
      3151 Riverside Dr, Cincinnati, OH 45226-1052
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    • Value Estimation by Request
      19.33 Acres

      5065 Wooster Rd

      OFFICE BUILDING • 19.33 Acres
      5065 Wooster Rd, Cincinnati, OH 45226-2326
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    • Value Estimation by Request
      3,280 SF

      4201 Airport Rd

      OFFICE BUILDING • 3,280 SF
      4201 Airport Rd, Cincinnati, OH 45226-1624
      View Details
    • Value Estimation by Request
      2,788 SF

      3512 Eastern Ave

      OFFICE BUILDING • 2,788 SF
      3512 Eastern Ave, Cincinnati, OH 45226-2190
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    • Value Estimation by Request
      2,289 SF

      3528 Columbia Pkwy

      OFFICE BUILDING • 2,289 SF
      3528 Columbia Pkwy, Cincinnati, OH 45226-3200
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    • Value Estimation by Request
      5,300 SF

      3560 Eastern Ave

      OFFICE BUILDING • 5,300 SF
      3560 Eastern Ave, Cincinnati, OH 45226-2150
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Office Spaces on High-Vis Corner

      Small office spaces available for lease with utilities included.
      4242 Airport Rd, Cincinnati, OH 45226
      View Details
    • $190,000

      Wooster Road Office Condo Units

      Office condo units for sale in Cincinnati's Linwood neighborhood.
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    • Contact for pricing
      Pending

      Office Space Near Lunken Airport

      Furnished office space with airport views and shared amenities.
      4240 Airport Rd, Cincinnati, OH 45226
      View Details
    • Contact for pricing
      0.23 Acres

      Office Space on High-Vis Corner

      Small office spaces available in Cincinnati with flexible terms.
      4242 Airport Rd, Cincinnati, OH 45226
      View Details
    • $200,000

      Cincinnati Office Condo Suites

      Class A office condo suites in Cincinnati for sale.
      5082 Wooster Rd, Cincinnati, OH 45226
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    • Contact for pricing
      1,820 SF

      Office Space Near Downtown

      Office space for lease with natural light, convenient location.
      347 Stanley Ave, Cincinnati, OH 45226
      View Details

    Similar Nearby for Lease

    • $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
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    • $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
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    • $31 SF/Yr

      Office Space Available For Rent

      Office space available for lease at $31.16 per square foot.
      3505 Columbia Pkwy, Cincinnati, OH 45226
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    • $15 SF/Yr
      12,096 SF

      Lunken Executive Building Office Suites

      Cincinnati Office Space: Flexible Suites Available
      4242 Airport Rd, 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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    4242 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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