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

    4701 Creek Rd Blue Ash, OH 45242

    • Office buildings
    • 30,850 SF
    • 5.39 lot acres
    For Lease
    View listing
    Last Sale
    Aug 19, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2508574
    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

    • Office buildings

    Property Details for 4701 Creek Rd

    Year built
    1985
    Lot size
    5.39 lot acres
    Property size
    30,850 SF
    Property type
    Office buildings
    APN
    612-0151-0017-00
    APU
    6120151001700

    Description

    This exceptional 2,518-square-foot warehouse space is part of a larger 66,096-square-foot multi-tenant industrial building located in Blue Ash, Ohio, a thriving submarket of Cincinnati. Built in 1985, the property boasts one dock-high door, providing convenient loading and unloading capabilities. The warehouse is zoned M-1 and situated in Hamilton County, offering easy access to major transportation arteries, including Interstates 275 and 75. Its strategic location places it just minutes from Kenwood Mall and a wealth of retail options, ensuring convenient access for employees and clients. The building features large docking bays centrally located within two buildings, enhancing operational efficiency. Beyond the warehouse space itself, the property offers a favorable, high-quality walk-up office setting for tenants, providing a professional and comfortable workspace. This is an excellent opportunity to secure a well-located, functional warehouse space in a dynamic and convenient area. The available space is 2,518 square feet within a larger building, offering potential for expansion or collaboration within the building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,545,000
      6.5%
      $6,040,000
      7%
      $5,610,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,946,000
      Market price range: $2.46M - $4.95M
      AI Estimate
      $4,931,000
      Market price range: $1.38M - $6.58M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,600,000
      Current use
      AUTO REPAIR, GARAGE
      $5,655,000
      Change: +57% Conversion: Difficult
      RESTAURANT
      $5,135,000
      Change: +42% Conversion: Moderate
      MEDICAL BUILDING
      $3,585,000
      Change: -1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Blue Ash
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.3779
    Latitude
    39.2577
    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
    $107,372
    $625,201
    $941,650
    $1,566,851
    -
    $1,786,290
    $2,690,430
    $4,476,720

    Comparable in this City

    • Value Estimation
      $505,000
      8.06 Acres

      4420 Cooper Rd

      OFFICE BUILDING (MULTI-STORY) • 8.06 Acres
      4420 Cooper Rd, Blue Ash, OH 45242-5659
      View Details
    • Value Estimation
      $12,755,000
      67,204 SF

      4600 Mcauley Pl

      OFFICE BUILDING (MULTI-STORY) • 67,204 SF
      4600 Mcauley Pl, Blue Ash, OH 45242-4733
      View Details
    • Value Estimation by Request
      0.73 Acres

      11237 Cornell Park Dr

      OFFICE BUILDING • 0.73 Acres
      11237 Cornell Park Dr, Blue Ash, OH 45242-1811
      View Details
    • Value Estimation
      $8,000,000
      49,890 SF

      10200 Reed Hartman Hwy

      OFFICE BUILDING • 49,890 SF
      10200 Reed Hartman Hwy, Blue Ash, OH 45242
      View Details
    • Value Estimation
      $930,000
      6,880 SF

      7800 Cooper Rd

      OFFICE BUILDING • 6,880 SF
      7800 Cooper Rd, Montgomery, OH 45242-7743
      View Details
    • Value Estimation by Request
      619 SF

      9545 Kenwood Rd

      OFFICE BUILDING (MULTI-STORY) • 619 SF
      9545 Kenwood Rd, Blue Ash, OH 45242-6179
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,280 SF

      Lakeside Office Building in Blue Ash

      8,280 SF office building in a park-like setting.
      11237 Cornell Park Dr, Blue Ash, OH 45242
      View Details
    • $1,190,000
      16,760 SF

      Blue Ash Office Building

      Two-story office building in Blue Ash Business District.
      11223 Cornell Park Dr, Blue Ash, OH 45242
      View Details
    • $700,000
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      Two-Story Office Building For Sale

      Two-story office building with tenant in place until 2026.
      6836 Ashfield Dr, Blue Ash, OH 45242
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    • $1,995,000
      20,452 SF

      Modern Office Building For Sale

      20,452 SF two-story office building with modern design.
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      View Details
    • $3,100,000
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      Award-Winning Renovated Office Building

      Single-story office building with modern industrial design.
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      View Details
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      Prime Office Building For Sale

      Class A office building in strong medical corridor.
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      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      12,360 SF

      Professional Office Building with Connectivity

      Modern office building with high visibility and accessibility.
      11126 Kenwood Rd, Cincinnati, OH 45242
      View Details
    • $14 SF/Yr
      127,058 SF

      Blue Ash Office Space Available

      Class A Office, Multiple Spaces, Ohio
      4600 Mcauley Pl, Blue Ash, OH 45242
      View Details
    • $10 SF/Yr
      4,490 SF

      Office Space in Blue Ash

      Office space available for lease in Blue Ash, OH.
      10260 Alliance Rd, Blue Ash, OH 45242
      View Details
    • $452 /Mo
      15,200 SF

      Renovated Office Suites in Blue Ash

      Updated office suites in downtown Blue Ash with ample parking.
      9420 Towne Square Ave, Blue Ash, OH 45242
      View Details
    • Contact for pricing
      3,849 SF

      Downtown Blue Ash Office Space

      Office space for rent in the Tower of Blue Ash.
      9545 Kenwood Rd, Blue Ash, OH 45242
      View Details
    • Contact for pricing
      3,906 SF

      Office Space in Blue Ash

      Office space for lease with excellent signage opportunity.
      4540 Cooper Rd, Cincinnati, OH 45242
      View Details
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    4701 Creek Rd
    Blue Ash, OH 45242
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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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