Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5505 Rdg Ave Cincinnati, OH 45213-2515
    Back to Search
    Property profile & analytics

    5505 Rdg Ave, Cincinnati, OH 45213-2515

    View on Map
    • Grocery and convenience stores
    • 1.02 lot acres
    Off-Market
    Last Sale Sep 30, 2022
    $2,020,000
    Property ID
    US66-5306977
    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
    $2,115,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ALDI / Specialty Food Shop / Supermarket

    Property Details for 5505 Rdg Ave

    Lot size
    1.02 lot acres
    Property type
    Grocery and convenience stores
    APN
    123-0003-0131-00
    APU
    1230003013100

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 30, 2022 $2,020,000 Aktrust LLC Ridge Ao LLC Limited Warranty Deed —
    Aug 16, 2017 — Ridge Ao LLC Town Dev INC Warranty Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,255,000
      ML approach
      $2,170,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.4277
    Latitude
    39.1721
    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
    $63,169
    $134,663
    $634,424
    $769,087
    -
    $384,750
    $1,812,640
    $2,197,390

    Comparable in this City

    • Value Estimation by Request
      0.26 Acres

      6134 Montgomery Rd

      GROCERY, SUPERMARKET
      6134 Montgomery Rd, Cincinnati, OH 45213
      View Details
    • Value Estimation by Request
      0.21 Acres

      6146 Montgomery Rd

      GROCERY, SUPERMARKET
      6146 Montgomery Rd, Cincinnati, OH 45213
      View Details
    • Value Estimation by Request
      0.34 Acres

      6130 Montgomery Rd

      GROCERY, SUPERMARKET
      6130 Montgomery Rd, Cincinnati, OH 45213
      View Details
    • Value Estimation by Request
      1,775 SF

      6079 Montgomery Rd

      RETAIL STORES (PERSONAL SERVICES)
      6079 Montgomery Rd, Cincinnati, OH 45213-1617
      View Details
    • Value Estimation by Request
      4,506 SF

      6108 Montgomery Rd

      RETAIL STORES (PERSONAL SERVICES)
      6108 Montgomery Rd, Cincinnati, OH 45213
      View Details
    • Value Estimation by Request
      5,258 SF

      6658 Montgomery Rd

      RETAIL STORES (PERSONAL SERVICES)
      6658 Montgomery Rd, Cincinnati, OH 45213-1876
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Ridge Plaza Outlots for Sale

      Three outlots available within Ridge Plaza, Cincinnati.
      3240 Highland Ave, Cincinnati, OH 45213
      View Details
    • Contact for pricing

      Prime Commercial Land Available

      Two parcels totaling 1.17 acres with excellent retail co-tenancy.
      3251 Highland Ave, Cincinnati, OH 45213
      View Details
    • $419,000
      Pending

      Pleasant Ridge Multifamily Property

      Four-unit multifamily property in Cincinnati's Pleasant Ridge neighborhood.
      5846 Robison Rd, Cincinnati, OH 45213
      View Details
    • Contact for pricing

      Land with Pylon Signage

      Commercial land with pylon signage and highway access.
      3250 Highland Ave, Cincinnati, OH 45213
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,416 SF

      Prime Retail/Restaurant Spaces Available

      End-cap locations with patios in thriving business district.
      6010 Montgomery Rd, Cincinnati, OH 45213
      View Details
    • Contact for pricing
      3,592 SF

      Pleasant Ridge Retail Space Available

      3,592 SF retail space in Pleasant Ridge.
      6097 Montgomery Rd, Cincinnati, OH 45213
      View Details
    • Contact for pricing
      1,822 SF

      Pleasant Ridge Retail Space Available

      Shell space in renovated building, ideal for retail or office.
      6201-6207 Montgomery Rd, Cincinnati, OH 45213
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Cincinnati, OH.
      3254 Highland Ave, Cincinnati, OH 45213
      View Details
    • Contact for pricing

      Ridge Avenue Retail Space Available

      Retail spaces available on Ridge Avenue, Cincinnati.
      3240 Highland Ave, Cincinnati, OH 45213
      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.
    5505 Rdg Ave
    Cincinnati, OH 45213-2515
    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
    5505 Rdg Ave, Cincinnati, OH, 45213
    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!