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    4700 Duke Dr, Unit | Deerfield Township Mason, OH 45040

    • Retail space
    • 76,400 SF
    • 5.51 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Last Sale
    Feb 08, 2021
    $12,400,000
    Value Estimations
    $16,380,000
    Cap Rate Potential
    4.4%
    Retail space
    Location Intelligence
    Property ID
    US66-6166416
    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

    • Body Alive Fitness Mason / Fitness Center
    • Family Behavioral Healthcare / Mental Health Service
    • Pratt Industries Display Division / Manufacturer
    • Artisan Estate Homes, LLC / Custom Home Builder
    • John Candle Homes, LLC / Custom Home Builder

    Property Details for 4700 Duke Dr

    Year built
    1987
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    5.51 lot acres
    Property size
    76,400 SF
    Property type
    Retail space
    APN
    16-26-170-003-0
    APU
    16261700030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $16,800,000
      ML approach
      $9,320,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $13,000,000
      6.5%
      $12,000,000
      7%
      $11,145,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $13,678,000
      Market price range: $12.9M - $31.5M

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

    Location Insight

    • Map
    • Local Demand
    City
    Mason
    County
    Warren
    State
    Ohio
    Longitude
    -84.3107
    Latitude
    39.3023
    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
    $150,894
    $260,323
    $1,842,050
    $2,102,373
    -
    $743,780
    $5,263,000
    $6,006,780

    Comparable in this City

    • Value Estimation
      $255,000
      0.41 Acres

      Cedar Vlg Dr

      RETAIL STORES (PERSONAL SERVICES) • 0.41 Acres
      Cedar Vlg Dr, Mason, OH 45040
      View Details
    • Value Estimation
      $335,000
      5.40 Acres

      6960 Cintas Blvd

      RETAIL STORES (PERSONAL SERVICES) • 5.40 Acres
      6960 Cintas Blvd, Mason, OH 45040-8922
      View Details
    • Value Estimation
      $55,000
      2.66 Acres

      6951 Cintas Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2.66 Acres
      6951 Cintas Blvd, Mason, OH 45040-8923
      View Details
    • Value Estimation
      $265,000
      0.07 Acres

      Maxwell Dr

      RETAIL STORES (PERSONAL SERVICES) • 0.07 Acres
      Maxwell Dr, Mason, OH 45040
      View Details
    • Value Estimation
      $280,000
      1,880 SF

      Marival Dr

      RETAIL STORES (PERSONAL SERVICES) • 1,880 SF
      Marival Dr, Mason, OH 45040
      View Details
    • Value Estimation
      $260,000
      1,512 SF

      200 Ww St

      RETAIL STORES (PERSONAL SERVICES) • 1,512 SF
      200 Ww St, Mason, OH 45040
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,223 SF

      Former Bank with Drive Thru

      Former bank building with drive-thru opportunity on a corner lot.
      7470 S Mason Montgomery Rd, Mason, OH 45040
      View Details
    • $2,200,000
      5,511 SF

      Restaurant Space with Highway Visibility

      Restaurant space for sale in high-traffic retail corridor.
      9890 Escort Dr, Mason, OH 45040
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    • $3,600,000
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      Retail Space Available For Sale

      6,034 SF retail property available for sale.
      5013 Bowen Dr, Mason, OH 45040
      View Details
    • Contact for pricing
      3.00 Acres

      Prime Mason, OH Commercial Land

      Highly visible, divisible land near OH-741 & 42
      0 Oh-741, Mason, OH 45040
      View Details
    • Contact for pricing
      30,000 SF

      Mason Flex Space: Build-to-Suit

      Modern flex space, customizable design, prime Mason location.
      8501 Mason Montgomery Rd, Mason, OH 45040
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      34.00 Acres

      Prime Mason, OH Commercial Land

      34 Acres, I-71 & Kings Mill Rd
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    Similar Nearby for Lease

    • $10 SF/Yr
      17,897 SF

      Shoppes of Greenbrier Retail Space

      Mason, OH Retail Center: 8,500 SF Available
      5948 Snider Rd, Mason, OH 45040
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Arbor Square

      Retail space available in high-traffic Arbor Square shopping center.
      8201-8267 Terra Firma Dr, Mason, OH 45040
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space on Western Row

      Retail space for lease with high traffic exposure.
      6643-6699 Western Row Rd, Mason, OH 45040
      View Details
    • Contact for pricing
      10,783 SF

      Retail/Restaurant Space with Patio Seating

      Retail and restaurant spaces available with ample patio seating.
      5177 Parkway Dr, Mason, OH 45040
      View Details
    • $16 SF/Yr
      9,520 SF

      Retail Space at Snider Road

      Retail spaces available for lease in Mason, Ohio.
      5848-5948 Snider Rd, Mason, OH 45040
      View Details
    • Contact for pricing
      1,974 SF

      Retail Space in Vibrant Center

      Retail space available in Mason, Ohio's Deerfield Towne Center.
      5615 Deerfield Blvd, Mason, OH 45040
      View Details
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    Mason, OH 45040
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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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