Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4900 Franklin Ave Cincinnati, OH 45212-2010

    • Warehouses
    • 137,684 SF
    • 8.58 lot acres
    OFF-MARKET
    Value Estimations
    $9,030,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2425124
    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

    • iStorage / Storage Facility

    Property Details for 4900 Franklin Ave

    Year built
    1940
    Lot size
    8.58 lot acres
    Property size
    137,684 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    651-0044-0004-00
    APU
    6510044000400

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,009,000
      Market price range: $4.63M - $15.8M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $8,525,000
      Current use
      OFFICE BUILDING
      $14,615,000
      Change: +71% Conversion: Difficult
      RETAIL STORES
      $13,210,000
      Change: +55% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $11,940,000
      Change: +40% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $11,570,000
      Change: +36% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.4634
    Latitude
    39.1655
    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
    $110,819
    $177,845
    $1,422,379
    $1,600,224
    -
    $508,130
    $4,063,940
    $4,572,070

    Comparable in this City

    • Value Estimation by Request
      9,916 SF

      4141 Montgomery Rd

      MINI-WAREHOUSE, STORAGE • 9,916 SF
      4141 Montgomery Rd, Cincinnati, OH 45212-3639
      View Details
    • Value Estimation by Request
      3,179 SF

      2470 Duck Crk Rd

      MINI-WAREHOUSE, STORAGE • 3,179 SF
      2470 Duck Crk Rd, Cincinnati, OH 45212-3961
      View Details
    • Value Estimation by Request
      2,800 SF

      2104 Lawn Ave

      MINI-WAREHOUSE, STORAGE • 2,800 SF
      2104 Lawn Ave, Cincinnati, OH 45212-1552
      View Details
    • Value Estimation by Request
      3,559 SF

      4312 Beech St

      MINI-WAREHOUSE, STORAGE • 3,559 SF
      4312 Beech St, Cincinnati, OH 45212
      View Details
    • Value Estimation by Request
      4,083 SF

      2236 Quatman Ave

      MINI-WAREHOUSE, STORAGE • 4,083 SF
      2236 Quatman Ave, Cincinnati, OH 45212-1116
      View Details
    • Value Estimation by Request
      0.06 Acres

      2236 Quatman Ave

      MINI-WAREHOUSE, STORAGE • 0.06 Acres
      2236 Quatman Ave, Cincinnati, OH 45212-1116
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      17,847 SF

      Cincinnati Warehouse on 5.71 Acres

      83,066 +/- SF warehouse on 5.71 acres.
      6000 Fernview Ave, Cincinnati, OH 45212
      View Details
    • Contact for pricing
      83,066 SF

      Cincinnati Warehouse & Land Opportunity

      83,066 SF Warehouse, 5.71 Acres, Multi-Building
      6000 Fernview Ave, Cincinnati, OH 45212
      View Details
    • $549,000
      3 SF

      Industrial/Flex Building Near Rookwood

      3,420 SF industrial/flex building in Norwood, OH for sale.
      2577 Duck Creek Rd, Cincinnati, OH 45212
      View Details
    • $595,000
      4,070 SF

      Multifamily Investment Opportunity in Cincinnati

      9-unit multifamily property with renovated units and upside potential.
      5206 Montgomery Rd, Cincinnati, OH 45212
      View Details
    • $425,000
      0.19 Acres

      Cincinnati Multifamily Property For Sale

      Four-unit property with updated kitchens and hardwood floors.
      5541 Bosworth Pl, Cincinnati, OH 45212
      View Details
    • $300,000

      Land Near Norwood Lateral Parkway

      Commercial land for sale near Cincinnati retail corridor.
      2490 Highland Ave, Cincinnati, OH 45212
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      39,375 SF

      Industrial Space with Central Location

      39,375 SF industrial space with easy highway access.
      2940 Highland Ave, Cincinnati, OH 45212
      View Details
    • Contact for pricing
      1 SF

      Central Pointe: Norwood Office/Flex

      Class A Office/Flex space, prime Cincinnati location.
      0 Ross Ave, Norwood, OH 45212
      View Details
    • Contact for pricing
      8,124 SF

      Central Cincinnati Office Space Available

      Office space for rent in central Cincinnati location.
      2300 Wall St, Cincinnati, OH 45212
      View Details
    • Contact for pricing
      2,392 SF

      Move-in Ready Office Suites Available

      Full floor and suites available in Norwood, Cincinnati.
      4401-4413 Montgomery Rd, Cincinnati, OH 45212
      View Details
    • $16 SF/Yr
      1,202 SF

      Retail Space with Open Layout

      Retail space featuring natural light and high traffic location.
      5230-5232 Montgomery Rd, Cincinnati, OH 45212
      View Details
    • Contact for pricing
      2,585 SF

      Creative Office Space Available

      Creative office space in LEED Certified building for rent.
      5050 Section Ave, Cincinnati, OH 45212
      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.
    4900 Franklin Ave
    Cincinnati, OH 45212-2010
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!