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    Property profile & analytics

    4605 Duke Dr Mason, OH 45040-9410

    • Office buildings
    • 25,389 SF
    • 10.02 lot acres
    OFF-MARKET
    Last Sale
    Apr 02, 2025
    $10,450,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2772382
    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

    • Smith Feike Minton Insurance / Insurance Agency
    • Link-age / Association / Organization
    • EMMANUEL V RIVERA / Geriatrician
    • Queen City Hospice / Home Health Care Service
    • Jodi Yee / Nurse Practitioner

    Property Details for 4605 Duke Dr

    Year built
    1990
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    10.02 lot acres
    Property size
    25,389 SF
    Property type
    Office buildings
    APN
    16-26-188-015-0
    APU
    16261880150

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mason
    County
    Warren
    State
    Ohio
    Longitude
    -84.3071
    Latitude
    39.3018
    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
    $304,086
    $473,620
    $3,772,090
    $4,245,710
    -
    $1,353,200
    $10,777,400
    $12,130,600

    Comparable in this City

    • Value Estimation
      $560,000
      8.08 Acres

      6867 Cintas Blvd

      OFFICE BUILDING • 8.08 Acres
      6867 Cintas Blvd, Mason, OH 45040-9152
      View Details
    • Value Estimation
      $670,000
      40.92 Acres

      4000 Luxottica Pl

      OFFICE BUILDING (MULTI-STORY) • 40.92 Acres
      4000 Luxottica Pl, Mason, OH 45040-8114
      View Details
    • Value Estimation by Request
      1,552 SF

      4821 Mallard Crk Dr

      OFFICE BUILDING (MULTI-STORY) • 1,552 SF
      4821 Mallard Crk Dr, Mason, OH 45040-7069
      View Details
    • Value Estimation by Request
      2,208 SF

      7050 White Oak Ct

      OFFICE BUILDING (MULTI-STORY) • 2,208 SF
      7050 White Oak Ct, Mason, OH 45040-7900
      View Details
    • Value Estimation
      $5,545,000
      26,562 SF

      4660 Duke Dr

      OFFICE BUILDING (MULTI-STORY) • 26,562 SF
      4660 Duke Dr, Mason, OH 45040-8495
      View Details
    • Value Estimation
      $5,570,000
      32,314 SF

      4680 Pkwy Dr

      OFFICE BUILDING (MULTI-STORY) • 32,314 SF
      4680 Pkwy Dr, Mason, OH 45040-8296
      View Details

    Similar Nearby for Sale

    • $7,100,000
      52,000 SF

      Mason Office Building For Sale

      52,000 SF office building on 8.08 acres in Mason.
      6867 Cintas Blvd, Mason, OH 45040
      View Details
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      30,000 SF

      Customizable Office and Flex Buildings

      Custom build office and flex buildings for sale.
      8485-8501 Mason-Montgomery Rd, Mason, OH 45040
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    • New
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      3,680 SF

      Finished Office Condo in Mason

      Professional office condo with high-end finishes and functional layout.
      6396 Thornberry Ct, Mason, OH 45040
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      30,000 SF

      Customizable Office and Flex Space

      Prime location, customizable office and flex spaces for sale.
      8485 Mason Montgomery Rd, Mason, OH 45040
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      1,250 SF

      Mason Office Space: Build-to-Suit

      Modern office condos, flexible spaces. Prime Mason location.
      8485 Mason Montgomery Rd, Mason, OH 45040
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    • $2,750,000
      22,979 SF

      Medical Office Building For Sale

      22,979 SF medical office on 5.6 acres.
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    Similar Nearby for Lease

    • Contact for pricing
      30,799 SF

      Spacious Office Building with Amenities

      40-acre campus with cafeteria, plaza, and abundant parking.
      4000 Luxottica Pl, Mason, OH 45040
      View Details
    • $11 SF/Yr
      76,037 SF

      Three-Story Office Building Near I-71

      Three-story office building with conferencing facility, near I-71.
      4770 Duke Dr, Mason, OH 45040
      View Details
    • Contact for pricing
      14,525 SF

      Office Building Near Kings Island

      Office spaces ranging from 6,014 SF to 14,525 SF.
      5300 Kings Island Dr, Mason, OH 45040
      View Details
    • Contact for pricing
      6,462 SF

      Premier Office Space in Mason

      Modern office building with amenities and convenient highway access.
      5181-5191 Natorp Blvd, Mason, OH 45040
      View Details
    • $13 SF/Yr
      2,704 SF

      Class A Office Space Available

      Class A office buildings with easy highway access in Mason.
      4680 Parkway Dr, Mason, OH 45040
      View Details
    • $13 SF/Yr
      14,910 SF

      Class A Office Buildings For Rent

      Class A office buildings in Deerfield/Mason market available for rent.
      4660 Duke Dr, Mason, OH 45040
      View Details
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    4605 Duke Dr
    Mason, OH 45040-9410
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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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