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    4804 Whetsel Ave Cincinnati, OH 45227
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    Property profile & analytics

    4804 Whetsel Ave Cincinnati, OH 45227

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    • Retail residential properties
    • 5,269 SF
    For Sale
    $805,000
    View Listing →
    Mixed-Use Property | 5,269 SqFt For Sale
    $805,000
    5,269 SF

    Mixed-Use Property | 5,269 SqFt

    Mixed-use property featuring 5,269 square feet of space.

    4804 Whetsel Ave, Cincinnati, OH 45227
    View Listing
    Property ID
    US66-3061566
    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

    • Red Sesame Food Truck / Restaurant

    Property Details for 4804 Whetsel Ave

    Year built
    1880
    Property size
    5,269 SF
    Property type
    Retail residential properties
    APN
    036-0002-0191-00
    APU
    360002019100

    Description

    This exceptional retail property, located at 4804 Whetsel Ave in Cincinnati, Ohio, presents a fantastic investment opportunity. The building, boasting a total of 5,269 square feet, underwent a complete renovation in 2023, ensuring modern and attractive spaces for tenants. Currently configured for multiple tenancies, one unit of 2,055 square feet is immediately available, ideal for a variety of retail businesses. The property's street retail location provides excellent visibility and accessibility for customers. The address is 4804 Whetsel Ave, Cincinnati, OH 45227. The property's Assessed Parcel Number (APN) is 036-0002-0191-00. This is a turnkey solution for businesses seeking a well-maintained, updated space in a thriving Cincinnati neighborhood. The building's recent renovation ensures modern amenities and a fresh aesthetic, attracting both customers and potential tenants. The multiple tenancy setup offers flexibility for investors seeking diverse income streams or businesses looking to expand. The available 2,055 square foot space provides ample room for a variety of retail concepts. This property represents a rare opportunity to acquire a high-quality retail space in a desirable location. Don't miss out on this chance to secure a prime retail asset in Cincinnati.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,065,000
      6.5%
      $985,000
      7%
      $915,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $674,000
      Market price range: $196k - $843k
      AI Estimate
      $757,000
      Market price range: $292k - $792k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $965,000
      RESTAURANT
      $875,000
      MEDICAL BUILDING
      $610,000
      OFFICE BUILDING
      $560,000
      RETAIL STORES
      $505,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.3929
    Latitude
    39.1586
    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
    $11,139
    $8,820
    $126,543
    $135,363
    -
    $25,200
    $361,550
    $386,750

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      STORES & APARTMENTS • 1,283 SF
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      1.77 Acres

      4919 Whetsel Ave

      STORES & APARTMENTS • 1.77 Acres
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      STORES & APARTMENTS • 1.90 Acres
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      5,269 SF

      Mixed-Use Property | 5,269 SqFt

      Mixed-use property featuring 5,269 square feet of space.
      4804 Whetsel Ave, Cincinnati, OH 45227
      View Details
    • Contact for pricing
      2,537 SF

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      Mixed-use property with multiple rental spaces in high-traffic location.
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      Mixed-Use Investment Opportunity

      Mixed-use property with retail space and apartments in Madisonville.
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      8,000 SF

      Retail or Restaurant Opportunity

      Freestanding building suitable for retail or restaurant use.
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      3.60 Acres

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    Similar Nearby for Lease

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      Madisonville Mixed-Use Development Retail Space

      Retail spaces available in mixed-use development with patio seating.
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      Prime Location for Medical/Retail/Office

      9,000 SF available in thriving retirement community.
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    • $13 SF/Yr
      1,822 SF

      Office Building with Redevelopment Potential

      22,208 SF office building on 1.466 acres for lease.
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      Madisonville Retail Space with Patio

      Retail space available in mixed-use development with patio seating.
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      1,300 SF

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    View Listing
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    Cincinnati, OH 45227
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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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