Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5340 Rpd Run Rd Cincinnati, OH 45238-4260

    Property Lookup

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

    5340 Rpd Run Rd Cincinnati, OH 45238-4260

    View on Map
    • Medical Office Space
    • 13,872 SF
    • 2.04 lot acres
    Off-Market
    Last Sale May 20, 2022
    $435,000
    Property ID
    US66-1655357
    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

    • Dr. Christopher Devine / Ophthalmologist
    • Ombré marketing / Advertising Agency / Marketing & Advertising
    • Trisha Volmering / Ophthalmologist
    • Dr. Aaron Noll / Ophthalmologist
    • TJSIT LLC / Marketing & Advertising / Advertising Agency

    Property Details for 5340 Rpd Run Rd

    Year built
    1978
    Lot size
    2.04 lot acres
    Property size
    13,872 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    540-0063-0009-00
    APU
    5400063000900

    Description

    This 13,000 square foot traditional office building, located at 5340 Rapid Run Road in Cincinnati, Ohio, presents a compelling opportunity for businesses seeking multiple-tenant office space. Constructed in 1978, the Class C building is situated in Hamilton County, zip code 45238, offering convenient access to Delhi, OH. The property features a multi-tenant configuration, ideal for companies requiring diverse office layouts or seeking to share space. The building's total square footage is 13,000 square feet, providing ample room for various business needs. Its traditional office design offers a classic and functional workspace. The property's location in Cincinnati, Ohio, provides access to a robust infrastructure and a thriving business community. Interested parties are encouraged to explore the potential of this well-situated office building to meet their specific business requirements. Further details regarding lease terms and available space are readily available upon request. This is an excellent opportunity to secure office space in a well-established Cincinnati location. The property is ready for immediate occupancy.

    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
    Hamilton
    State
    Ohio
    Longitude
    -84.6186
    Latitude
    39.111
    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
    $12,179
    $100,670
    $51,579
    $152,249
    -
    $287,630
    $147,370
    $435,000

    Comparable in this City

    • Value Estimation by Request
      6,752 SF

      2852 Boudinot Ave

      MEDICAL BUILDING • 6,752 SF
      2852 Boudinot Ave, Cincinnati, OH 45238-2461
      View Details
    • Value Estimation by Request
      2,500 SF

      2745 Anderson Fry Rd

      MEDICAL BUILDING • 2,500 SF
      2745 Anderson Fry Rd, Cincinnati, OH 45238-2168
      View Details
    • Value Estimation by Request
      1,254 SF

      385 Anderson Fry Rd

      MEDICAL BUILDING • 1,254 SF
      385 Anderson Fry Rd, Cincinnati, OH 45238-5631
      View Details
    • Value Estimation by Request
      1,799 SF

      5942 Glenway Ave

      MEDICAL BUILDING • 1,799 SF
      5942 Glenway Ave, Cincinnati, OH 45238-2009
      View Details
    • Value Estimation by Request
      1.82 Acres

      2859 Boudinot Ave

      MEDICAL BUILDING • 1.82 Acres
      2859 Boudinot Ave, Cincinnati, OH 45238-1606
      View Details
    • Value Estimation
      $685,000
      4,580 SF

      5749 Glenway Ave

      MEDICAL BUILDING • 4,580 SF
      5749 Glenway Ave, Cincinnati, OH 45238
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Renovated Office Suite For Sale

      Modern, renovated office suite suitable for medical or professional use.
      3012 Glenmore Ave, Cincinnati, OH 45238
      View Details
    • $295,000
      3,200 SF

      Office Space Available

      3,200 SqFt office space for sale.
      4997 Glenway Ave, Cincinnati, OH 45238
      View Details
    • $1,400,000
      0.79 Acres

      Versatile Flex Space in Cincinnati

      Multi-use space with office, warehouse, and manufacturing capabilities.
      5095 Crookshank Rd, Cincinnati, OH 45238
      View Details
    • Contact for pricing
      1,032 SF

      Commercial Property on Delhi Pike

      Commercial property on Delhi Pike suitable for various businesses.
      4800 Delhi Rd, Cincinnati, OH 45238
      View Details
    • Contact for pricing
      8,285 SF

      Glenway Avenue Retail Opportunity

      Retail property for sale on Glenway Avenue.
      5555 Glenway Ave, Cincinnati, OH 45238
      View Details
    • $315,000
      0.15 Acres

      Two-Family Home with Garage

      Well-maintained two-family home near public transportation in Cincinnati.
      4760 Clevesdale Dr, Cincinnati, OH 45238
      View Details

    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.
      2010-2040 Anderson Ferry Rd, Cincinnati, OH 45238
      View Details
    • Contact for pricing

      Glenway Crossing Retail Opportunity

      235,000 SF shopping center with diverse commercial spaces.
      5100 Glencrossing Way, Cincinnati, OH 45238
      View Details
    • Contact for pricing
      15,620 SF

      235,433 SF Shopping Center

      235,433 SF shopping center in Hamilton County, Ohio.
      5030-5150 Glencrossing Way, Cincinnati, OH 45238
      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.
    5340 Rpd Run Rd
    Cincinnati, OH 45238-4260
    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!