Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    502 Old State Rte 74 Cincinnati, OH 45244-4204

    Property Lookup

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

    502 Old State Rte 74 Cincinnati, OH 45244-4204

    View on Map
    • Retail space
    • 3,441 SF
    • 0.44 lot acres
    Off-Market
    Last Sale Feb 26, 2025
    $155,000
    Property ID
    US66-2087769
    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

    • Celtic Corner / Clothing Store
    • Allegro Dance Arts & Apparel / Training Center

    Property Details for 502 Old State Rte 74

    Year built
    1924
    Lot size
    0.44 lot acres
    Property size
    3,441 SF
    Property type
    Retail space
    APN
    41-32-13A-056
    APU
    413213A056

    Description

    This exceptional mixed-use property at 502 Old State Route 74, Cincinnati, OH 45244, presents a compelling investment or redevelopment opportunity. The 2-story building, situated on a 0.44-acre lot, encompasses approximately 2,500 to 3,500 square feet and features four units: three residential apartments and one to two commercial spaces suitable for retail or office use. The property boasts 15 paved parking spaces, a significant advantage in this location. Its B-1 zoning allows for a variety of uses. The convenient location near Eastgate and I-275 provides excellent accessibility and visibility. The existing business operating within the property is also available for sale, offering potential for immediate income generation or seamless transition for a new owner. This is a rare chance to acquire a versatile property with strong potential for growth and return on investment. The property's APN is 413213A056.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Clermont
    State
    Ohio
    Longitude
    -84.3027
    Latitude
    39.1067
    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
    $3,669
    $24,640
    $38,500
    $63,140
    -
    $70,400
    $110,000
    $180,400

    Comparable in this City

    • Value Estimation by Request
      1,599 SF

      4526 Weiner Ln

      RETAIL STORES (PERSONAL SERVICES) • 1,599 SF
      4526 Weiner Ln, Cincinnati, OH 45244-2123
      View Details
    • Value Estimation by Request
      1,728 SF

      4325 Mt Carmel Tobasco Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,728 SF
      4325 Mt Carmel Tobasco Rd, Cincinnati, OH 45244-2356
      View Details
    • Value Estimation by Request
      1,202 SF

      4445 Mt Carmel Tobasco Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,202 SF
      4445 Mt Carmel Tobasco Rd, Cincinnati, OH 45244-2223
      View Details
    • Value Estimation by Request
      1,488 SF

      3533 Church St

      RETAIL STORES (PERSONAL SERVICES) • 1,488 SF
      3533 Church St, Cincinnati, OH 45244-3001
      View Details
    • Value Estimation by Request
      1,607 SF

      8683 Batavia Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,607 SF
      8683 Batavia Rd, Cincinnati, OH 45244-4309
      View Details
    • Value Estimation by Request
      1,883 SF

      6760 Clough Pike

      RETAIL STORES (PERSONAL SERVICES) • 1,883 SF
      6760 Clough Pike, Cincinnati, OH 45244
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,000 SF

      Newtown Restaurant/Retail Opportunity

      Restaurant or retail property in bustling Newtown, ready for buildout.
      3603 Church St, Newtown, OH 45244
      View Details
    • Contact for pricing

      Retail Property on Old State

      Retail property for sale in Cincinnati, OH.
      948 Old State Route 74, Cincinnati, OH 45244
      View Details
    • Contact for pricing
      432,429 SF

      Industrial Property for Sale

      Industrial property available for sale.
      8485 Broadwell Rd, Cincinnati, OH 45244
      View Details
    • Contact for pricing
      10,000 SF

      Industrial Space with Crane Railway

      133,000 SF industrial space with rail access for lease.
      8361 Broadwell Rd, Cincinnati, OH 45244
      View Details
    • Contact for pricing
      0.66 Acres

      Newtown Office Space For Sale

      Remodeled office space in historic building, Newtown, Ohio.
      3607 Church St, Newtown, OH 45244
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Former Restaurant Space Available

      Restaurant space with hood, previously used as retail.
      481-485 Old State Route 74, Cincinnati, OH 45244
      View Details
    • Contact for pricing

      Madisonville Mixed-Use Development Retail Space

      Retail spaces available in mixed-use development with patio seating.
      5912-5926 Madison St, Cincinnati, OH 45244
      View Details
    • $2,255,813

      New Dollar General Investment Property

      New Dollar General in Cincinnati, OH with long-term NNN lease.
      635 Anderson Ave, Cincinnati, OH 45244
      View Details
    • $9 SF/Yr

      Versatile Flex Space Available

      Adaptable office, warehouse, and showroom space for lease.
      3737 Round Bottom Rd, Cincinnati, OH 45244
      View Details
    • $19 SF/Yr
      1,200 SF

      Office Space on Madison Road

      Office space featuring private offices, kitchenette, and free parking.
      4760 Madison St, Cincinnati, OH 45244
      View Details
    • Contact for pricing

      Land Available at Signalized Intersection

      1.65 acres at a signalized intersection near Wawa.
      4545 Yates Ln, Cincinnati, OH 45244
      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.
    502 Old State Rte 74
    Cincinnati, OH 45244-4204
    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

    Thank You for Inquiry

    502 Old State Rte 74, Cincinnati, OH, 45244

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!