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

    50 Business Way Cincinnati, OH 45241

    • Office buildings
    • 5.98 lot acres
    For Lease
    View listing
    $14 SF/Yr
    Last Sale
    Jul 12, 2022
    $22,000,000
    Value Estimations
    $22,850,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2032437
    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

    • Clarify Wealth Management Inc / Financial Advisor
    • KPI Solutions / (Bike/Boat/Book/etc) Store / Corporate Office
    • Brixey & Meyer, Inc. / Accounting Firm / Tax Preparation
    • Hylant / Insurance Agency
    • FedEx Drop Box / Postal Service / Courier Service

    Property Details for 50 Business Way

    Lot size
    5.98 lot acres
    Property type
    Office buildings
    APN
    608-0033-0040-00
    APU
    6080033004000

    Description

    This Hamilton County, Ohio office building, Summit Woods III, offers multiple tenancy options in a prime Cincinnati location at 50 E Business Way, 45241. The building boasts a total of 110,000 square feet, featuring efficient floorplates of 27,500 square feet each. Spaces currently available range from 2,766 to 7,137 square feet. Building highlights include 10-foot finished ceilings, a 45-foot column-free clear span, and a generous 5 per 1,000 SF parking ratio. Monument signage ensures high visibility. The property enjoys exceptional accessibility, situated just one minute from I-275 and the Reed Hartman Interchange. The current asking rate is $14.50 per square foot net, with operating expenses of $8.25 per square foot. A significant million-dollar renovation is underway, scheduled for completion in November 2022. Upgrades encompass exterior renovations, parking lot resurfacing, landscaping enhancements, façade improvements, a two-story atrium lobby and common area revitalization, a new tenant lounge, café, conference center, and fitness center, as well as restroom renovations.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $24,550,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.3648
    Latitude
    39.2827
    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
    $257,596
    $550,805
    $3,327,163
    $3,877,968
    -
    $1,573,730
    $9,506,180
    $11,079,910

    Comparable in this City

    • Value Estimation by Request
      6.78 Acres

      12500 Reed Hartman Hwy

      OFFICE BUILDING • 6.78 Acres
      12500 Reed Hartman Hwy, Cincinnati, OH 45241-1892
      View Details
    • Value Estimation by Request
      5.04 Acres

      11473 Enterprise Park Dr

      OFFICE BUILDING • 5.04 Acres
      11473 Enterprise Park Dr, Cincinnati, OH 45241-1561
      View Details
    • Value Estimation by Request
      3,700 SF

      9374 Cincinnati Columbus Rd

      OFFICE BUILDING • 3,700 SF
      9374 Cincinnati Columbus Rd, West Chester, OH 45241-5199
      View Details
    • Value Estimation
      $1,200,000
      1.69 Acres

      10191 Evendale Cmns Dr

      OFFICE BUILDING • 1.69 Acres
      10191 Evendale Cmns Dr, Cincinnati, OH 45241-2689
      View Details
    • Value Estimation
      $22,000,000

      400 Business Way

      OFFICE BUILDING (MULTI-STORY)
      400 Business Way, Cincinnati, OH 45241-3089
      View Details
    • Value Estimation
      $4,340,000
      100,639 SF

      4665 Cornell Rd

      OFFICE BUILDING (MULTI-STORY) • 100,639 SF
      4665 Cornell Rd, Blue Ash, OH 45241-2489
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Historic School Building For Sale

      Renovated 1879 school building, ideal for office or retail.
      3772 Hauck Rd, Cincinnati, OH 45241
      View Details
    • Contact for pricing
      2,500 SF

      Historic School Building For Sale

      Renovated 1879 school building, ideal for office or retail.
      3772 Hauck Rd, Sharonville, OH 45241
      View Details
    • Contact for pricing
      50,000 SF

      Blue Ash Office Building For Sale

      50,000 SF office building in Blue Ash, Ohio.
      4700 Ashwood Dr, Blue Ash, OH 45241
      View Details
    • Contact for pricing
      3,315 SF

      Kemper Hill Office Suite

      Office suite in Kemper Hill Office Park available for sale.
      6310 E Kemper Rd, Cincinnati, OH 45241
      View Details
    • $450,000
      2,604 SF

      West Chester Two-Level Office Condo

      Two-level office condo in West Chester's commercial district.
      9694 Cincinnati Columbus Rd, West Chester, OH 45241
      View Details
    • Contact for pricing

      Adaptable Office Space in Sharonville

      1860 sqft office space ideal for growing businesses.
      3794 Hauck Rd, Sharonville, OH 45241
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,150 SF

      Class A Office Space

      Class A office space for rent in Sharonville, Cincinnati.
      300 E Business Way, Cincinnati, OH 45241
      View Details
    • Contact for pricing
      1 SF

      Evendale Retail Development Opportunity

      Prime 3.376-acre site, 12,300 SF available.
      10400 Reading Rd, Cincinnati, OH 45241
      View Details
    • $14 SF/Yr
      110,000 SF

      Summit Woods III Office Space

      Cincinnati office suites, 2,766-7,137 sq ft.
      50 Business Way, Cincinnati, OH 45241
      View Details
    • Contact for pricing

      Development Site Near Retail Hub

      Prime development site suitable for restaurant, retail, or medical use.
      10305 Reading Rd, Cincinnati, OH 45241
      View Details
    • $13 SF/Yr
      150,000 SF

      Summit Woods II Executive Suites

      Prestigious Hamilton County Executive Office Space
      300 Business Way, Sharonville, OH 45241
      View Details
    • Contact for pricing
      26,844 SF

      Prime Cincinnati Flex Space

      Highly visible Tri-County flex space available. Multiple units, immediate occupancy.
      2800 Kemper Rd, Cincinnati, OH 45241
      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.
    50 Business Way
    Cincinnati, OH 45241
    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!