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    Property profile & analytics

    50 Business Way Cincinnati, OH 45241

    • Office buildings
    • 5.98 lot acres
    For Lease
    View listing
    $14 SF/Yr
    Value Estimation
    $23,605,000
    Last Sale
    Jul 12, 2022
    $22,000,000
    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 Consultant
    • KPI Solutions / Consultant / Material Handling Equipment Supplier
    • Brixey & Meyer, Inc. / Accountant
    • Hylant / Insurance Broker
    • FedEx Drop Box / Mailing 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 Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $24,550,000

    • CAP approach

      CAP return
      Estimation
      6%
      $21,440,000
      6.5%
      $23,665,000
      7%
      $22,880,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $21,630,000
      Geo Method
      $18,735,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $22,255,000
      Retail
      $22,560,000
      Mixed-Use
      $23,650,000
      Hospitality
      $22,845,000
      Educational
      $18,855,000
      Residential Income
      $22,280,000
      Energy
      $23,045,000
      Income-Based Land
      $22,995,000
      Food Service
      $23,435,000

    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

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    • Value Estimation
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      6125 Kemper Rd

      OFFICE BUILDING • 7,220 SF
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    • Value Estimation
      $715,000
      17,000 SF

      6320 Kemper Rd

      OFFICE BUILDING • 17,000 SF
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      View Details

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      Summit Woods III Office Space

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    50 Business Way
    Cincinnati, OH 45241
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    Realmo Value Estimation

    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.

    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.

    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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