Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4503 8th St Cincinnati, OH 45238-4915
    Back to Search
    Property profile & analytics

    4503 8th St, Cincinnati, OH 45238-4915

    View on Map
    • Strip malls
    • 6,370 SF
    • 0.18 lot acres
    Off-Market
    Property ID
    US66-2319505
    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

    • Dope kutz N' Stylz / Barber Shop
    • Shamrock Coin Laundry / (Bike/Boat/Book/etc) Store

    Property Details for 4503 8th St

    Year built
    1966
    Lot size
    0.18 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    180-0082-0035-00
    APU
    1800082003500

    Description

    This exceptional Price Hill retail property, located at 4503 W 8th St, offers a fantastic investment opportunity. The single-story, Class C shopping center boasts a total of approximately 3,000 square feet of leasable space, currently divided into three available units ranging from 1,388 to 3,255 square feet. The property is zoned CC-M, allowing for a variety of commercial uses. The building enjoys high traffic counts and excellent visibility, making it an ideal location for businesses seeking strong foot traffic. Fifteen parking spaces are available for customer and tenant convenience. The property is situated near Pedretti Street, providing easy access and high visibility. The owner is open to considering a marijuana dispensary as a potential tenant. The flexible space allows for the possibility of combining units to accommodate larger tenants. This is a prime opportunity to establish a thriving business in a high-demand location. The property's strategic location and ample parking make it an attractive option for a wide range of retail businesses. Serious inquiries are encouraged.

    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
    -84.5989
    Latitude
    39.1087
    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
    $7,761
    $12,303
    $82,054
    $94,357
    -
    $35,150
    $234,440
    $269,590

    Comparable in this City

    • Value Estimation
      $4,840,000
      221,426 SF

      5555 Glenway Ave

      SHOPPING CENTER, STRIP CENTER
      5555 Glenway Ave, Cincinnati, OH 45238-3445
      View Details
    • Value Estimation by Request
      10,990 SF

      4900 Glenway Ave

      SHOPPING CENTER, STRIP CENTER
      4900 Glenway Ave, Cincinnati, OH 45238-3916
      View Details
    • Value Estimation
      $3,150,000

      4960 Delhi Rd

      SHOPPING CENTER, STRIP CENTER
      4960 Delhi Rd, Cincinnati, OH 45238
      View Details
    • Value Estimation
      $715,000
      8,947 SF

      2010 Anderson Fry Rd

      SHOPPING CENTER, STRIP CENTER
      2010 Anderson Fry Rd, Cincinnati, OH 45238-3326
      View Details
    • Value Estimation by Request
      0.61 Acres

      5070 Crookshank Rd

      SHOPPING CENTER, STRIP CENTER
      5070 Crookshank Rd, Cincinnati, OH 45238-3358
      View Details
    • Value Estimation
      $7,350,000
      91,604 SF

      5555 Glenway Ave

      SHOPPING CENTER, STRIP CENTER
      5555 Glenway Ave, Cincinnati, OH 45238-3445
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,370 SF

      Retail Property on West 8th

      Retail property available for sale in Cincinnati, Ohio.
      4503-4505 W 8Th St, Cincinnati, OH 45238
      View Details
    • Contact for pricing
      2,303 SF

      Retail Space with Lease Extension

      Retail space featuring a strong performing store with lease extension.
      5991 Glenway Ave, Cincinnati, OH 45238
      View Details
    • Contact for pricing
      1,032 SF

      Commercial Property on Delhi Pike

      Commercial property on Delhi Pike suitable for various businesses.
      4800 Delhi Rd, Cincinnati, OH 45238
      View Details
    • Contact for pricing
      5,861 SF

      Restaurant Property in Retail Corridor

      Second generation restaurant property in the heart of Delhi.
      5202 Delhi Rd, Cincinnati, OH 45238
      View Details
    • Contact for pricing
      8,285 SF

      Glenway Avenue Retail Opportunity

      Retail property for sale on Glenway Avenue.
      5555 Glenway Ave, Cincinnati, OH 45238
      View Details
    • Contact for pricing

      Renovated Office Suite For Sale

      Modern, renovated office suite suitable for medical or professional use.
      3012 Glenmore Ave, Cincinnati, OH 45238
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,452 SF

      235,433 SF Shopping Center

      235,433 SF shopping center in Hamilton County, Ohio.
      5030-5150 Glencrossing Way, Cincinnati, OH 45238
      View Details
    • Contact for pricing
      1,980 SF

      Retail Space in Delhi Pike

      Retail space in a heavily trafficked Cincinnati shopping center.
      5040-5048 Delhi Rd, Cincinnati, OH 45238
      View Details
    • Contact for pricing
      8,947 SF

      Retail and Office Space Available

      Multi-unit retail/office space for lease in Cincinnati, Ohio.
      2010-2040 Anderson Ferry Rd, Cincinnati, OH 45238
      View Details
    • Contact for pricing
      1,000 SF

      Updated Office Suite For Rent

      First floor office suite with private offices and parking.
      5598 Glenway Ave, Cincinnati, OH 45238
      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.
    4503 8th St
    Cincinnati, OH 45238-4915
    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
    4503 8th St, Cincinnati, OH, 45238
    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!