Sign Up Successful!
You now have access to more from Realmo!
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

    5229 Montgomery Rd Cincinnati, OH 45212-1602

    • Retail space
    • 19,641 SF
    • 1.09 lot acres
    OFF-MARKET
    Value Estimations
    $1,715,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-0145458
    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

    • CVS / Beauty Supply Store / Drug Store
    • Iron Sharpens Iron / Fitness Center
    • CVS Pharmacy / Pharmacy
    • LibertyX Bitcoin ATM / Atm
    • Buy Bitcoin / Crypto Atm

    Property Details for 5229 Montgomery Rd

    Year built
    1961
    Lot size
    1.09 lot acres
    Property size
    19,641 SF
    Property type
    Retail space
    APN
    651-0011-0011-00
    APU
    6510011001100

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,523,000
      Market price range: $1.00M - $3.05M
      AI Estimate
      $1,480,000
      Market price range: $1.09M - $2.76M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,885,000
      Current use
      MEDICAL BUILDING
      $2,280,000
      Change: +21% Conversion: Difficult
      OFFICE BUILDING
      $2,085,000
      Change: +11% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $1,705,000
      Change: -10% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $1,650,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.4497
    Latitude
    39.1703
    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
    $16,423
    $63,084
    $173,100
    $236,184
    -
    $180,240
    $494,570
    $674,810

    Comparable in this City

    • Value Estimation by Request
      10.76 Acres

      4590 Beech St

      RETAIL STORES (PERSONAL SERVICES) • 10.76 Acres
      4590 Beech St, Cincinnati, OH 45212-3449
      View Details
    • Value Estimation by Request
      1,585 SF

      5351 Warren Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,585 SF
      5351 Warren Ave, Cincinnati, OH 45212
      View Details
    • Value Estimation by Request
      864 SF

      5234 Montgomery Rd

      RETAIL STORES (PERSONAL SERVICES) • 864 SF
      5234 Montgomery Rd, Cincinnati, OH 45212-1657
      View Details
    • Value Estimation by Request
      2,346 SF

      5130 Montgomery Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,346 SF
      5130 Montgomery Rd, Cincinnati, OH 45212
      View Details
    • Value Estimation
      $720,000
      4,776 SF

      4535 Montgomery Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,776 SF
      4535 Montgomery Rd, Cincinnati, OH 45212-3128
      View Details
    • Value Estimation by Request
      14,222 SF

      4101 Montgomery Rd

      RETAIL STORES (PERSONAL SERVICES) • 14,222 SF
      4101 Montgomery Rd, Cincinnati, OH 45212-3611
      View Details

    Similar Nearby for Sale

    • $1,200,000
      14,998 SF

      Versatile Cincinnati Retail/Office Building

      14,998 SF retail/office building with garage space for sale.
      4101 Montgomery Rd, Cincinnati, OH 45212
      View Details
    • $299,900
      Pending

      Updated Four-Unit Building

      Meticulously maintained four-unit building with updated units and new roof.
      1932 Truitt Ave, Cincinnati, OH 45212
      View Details
    • $379,500
      Pending

      Norwood Multifamily Property For Sale

      Fully rented 4-unit building in high-demand Norwood, Ohio.
      2141 Hannaford Ave, Cincinnati, OH 45212
      View Details
    • $425,000
      0.19 Acres

      Cincinnati Multifamily Property with Updates

      Updated multifamily property with income potential in Cincinnati, Ohio.
      5541 Bosworth Pl, 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
    • New
      $350,000
      2,385 SF

      Norwood Multifamily Property Near Amenities

      Two-unit property in Norwood with potential driveway expansion.
      3 Baker Cir, Cincinnati, OH 45212
      View Details

    Similar Nearby for Lease

    • $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
    • $20 SF/Yr
      2,000 SF

      Renovated Retail Space on Montgomery

      Modern, flexible retail space with excellent visibility and convenient access.
      4553 Montgomery Rd, Cincinnati, OH 45212
      View Details
    • $13 SF/Yr
      72,028 SF

      Central Parke III Office Suites

      Class-A Office Space in Norwood, OH
      4650 Montgomery Rd, Cincinnati, OH 45212
      View Details
    • $13 SF/Yr
      18,500 SF

      Available Office Space with Parking

      18,500 RSF office space with ample parking available for rent.
      4850 Smith Rd, Cincinnati, OH 45212
      View Details
    • $12 SF/Yr
      2,585 SF

      Creative Office Space Available

      Creative office space in LEED Certified building for rent.
      5050 Section Ave, Cincinnati, OH 45212
      View Details
    • $12 SF/Yr
      8,124 SF

      Central Cincinnati Office Space Available

      Office space for rent in central Cincinnati location.
      2300 Wall St, 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.
    5229 Montgomery Rd
    Cincinnati, OH 45212-1602
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.