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

    5060 Crookshank Rd Cincinnati, OH 45238-3302

    • Bars
    • 3,264 SF
    • 0.81 lot acres
    OFF-MARKET
    Value Estimations
    $350,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-0402705
    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

    • Patrick's Sports Bar & Grill / Restaurant / Bar

    Property Details for 5060 Crookshank Rd

    Year built
    1980
    Lot size
    0.81 lot acres
    Property size
    3,264 SF
    Property type
    Bars
    Property subtype
    Pubs
    APN
    248-0003-0257-00
    APU
    2480003025700

    Description

    This exceptional opportunity presents the chance to acquire a well-established and popular bar and restaurant located at 5060 Crookshank Rd, Cincinnati, OH 45238. The asking price for this turnkey business and building is $2,000,000. The 5,119 square foot property, built in 1980 and renovated in 2017, sits on a 0.815-acre lot and is zoned for business and retail use. The single-story, Class B building offers ample space for both dining and operations. Its prime location in Wester Hills, near a major shopping mall, ensures high visibility and convenient access for patrons. The business boasts a strong customer base and loyal following, built over many years of operation. The existing staff provides a seamless transition for a new owner. This is an ideal investment for an entrepreneur seeking a thriving, established business in a desirable Cincinnati location. The property's strong financials and established reputation make it a compelling investment opportunity in a vibrant market. The property features ample parking, a key advantage in a busy commercial area. This is a rare chance to acquire a successful, established business with significant growth potential. The property's location and existing infrastructure provide a solid foundation for continued success and profitability. Detailed financial information is available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $422,000
      Market price range: $248k - $881k
      AI Estimate
      $276,000
      Market price range: $267k - $484k

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.6075
    Latitude
    39.1282
    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
    $14,200
    $79,275
    $92,747
    $172,022
    -
    $226,500
    $264,990
    $491,490

    Comparable in this City

    • Value Estimation
      $245,000
      1,840 SF

      5120 Crookshank Rd

      RESTAURANT • 1,840 SF
      5120 Crookshank Rd, Cincinnati, OH 45238-3304
      View Details
    • Value Estimation
      $445,000
      4,200 SF

      2909-2913 Boudinot Ave

      TAKE-OUT RESTAURANT • 4,200 SF
      2909-2913 Boudinot Ave, Cincinnati, OH 45238
      View Details
    • Value Estimation
      $320,000
      2,980 SF

      5785 Glenway Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,980 SF
      5785 Glenway Ave, Cincinnati, OH 45238-2105
      View Details
    • Value Estimation
      $355,000
      1,180 SF

      4926 Glenway Ave

      RESTAURANT • 1,180 SF
      4926 Glenway Ave, Cincinnati, OH 45238
      View Details
    • Value Estimation
      $350,000
      3,309 SF

      5120 Delhi Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,309 SF
      5120 Delhi Rd, Cincinnati, OH 45238-5341
      View Details
    • Value Estimation
      $320,000
      1,356 SF

      5060 Delhi Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,356 SF
      5060 Delhi Rd, Cincinnati, OH 45238-5343
      View Details

    Similar Nearby for Sale

    • $699,000
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      Mixed-Use Property with Bar Included

      Mixed-use property with bar, apartments, barber shop, and office.
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    • $1,200,000
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      Cincinnati Restaurant Building For Sale

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    Similar Nearby for Lease

    • Contact for pricing
      8,947 SF

      Retail and Office Space Available

      Multi-unit retail/office space for lease in Cincinnati, Ohio.
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    • $11 SF/Yr
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      View Details
    • $10 SF/Yr
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      Retail space featuring a private office and ADA restroom.
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    • Contact for pricing
      15,620 SF

      235,433 SF Shopping Center

      235,433 SF shopping center in Hamilton County, Ohio.
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      View Details
    • $14 SF/Yr
      10,004 SF

      Rapid Run Rd Medical Office

      Move-in ready medical office suite.
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      View Details
    • $4 SF/Yr
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      Versatile Flex Space Available

      26,900 SF flex space with office and warehouse.
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      View Details
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    5060 Crookshank Rd
    Cincinnati, OH 45238-3302
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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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