Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5615 Leelavati Ct Milford, OH 45150-2758
    Back to Search
    Property profile & analytics

    5615 Leelavati Ct Milford, OH 45150-2758

    View on Map
    • Retail space
    • 9,100 SF
    • 0.96 lot acres
    Off-Market
    Last Sale Jan 28, 2025
    Property ID
    US66-1438314
    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

    • Dollar General Store / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Western Union / Bank / Credit Union
    • FedEx OnSite / Postal Service / Courier Service
    • Dollar General / Discount Store

    Property Details for 5615 Leelavati Ct

    Year built
    2005
    Construction
    BRICK
    Lot size
    0.96 lot acres
    Property size
    9,100 SF
    Property type
    Retail space
    APN
    18-24-11A-176A
    APU
    182411A176A

    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
    Milford
    County
    Clermont
    State
    Ohio
    Longitude
    -84.239
    Latitude
    39.1756
    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
    $14,890
    $44,770
    $11,830
    $56,600
    -
    $127,900
    $33,800
    $161,700

    Comparable in this City

    • Value Estimation by Request
      0.19 Acres

      State Rte 28

      RETAIL STORES (PERSONAL SERVICES) • 0.19 Acres
      State Rte 28, Milford, OH 45150
      View Details
    • Value Estimation by Request
      1,592 SF

      6080 Br Hl Guinea Pike

      RETAIL STORES (PERSONAL SERVICES) • 1,592 SF
      6080 Br Hl Guinea Pike, Milford, OH 45150-3151
      View Details
    • Value Estimation by Request
      1,680 SF

      5 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,680 SF
      5 Main St, Milford, OH 45150-1119
      View Details
    • Value Estimation
      $10,940,000
      132,622 SF

      5694 Romar Dr

      RETAIL STORES (PERSONAL SERVICES) • 132,622 SF
      5694 Romar Dr, Milford, OH 45150-8505
      View Details
    • Value Estimation
      $9,775,000
      116,020 SF

      1094 State Rte 28

      RETAIL STORES (PERSONAL SERVICES) • 116,020 SF
      1094 State Rte 28, Milford, OH 45150-2082
      View Details
    • Value Estimation by Request
      1,022 SF

      5867 Cook Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,022 SF
      5867 Cook Rd, Milford, OH 45150-5523
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,994 SF

      Versatile Commercial Space on State Route

      High-visibility commercial space suitable for retail, office, or general use.
      1232 St Rt 131, Milford, OH 45150
      View Details
    • Contact for pricing
      5,448 SF

      Former Restaurant Building on Lila

      5,449 SF building on 1.49 acres in Milford, OH.
      840 Lila Ave, Milford, OH 45150
      View Details
    • Contact for pricing

      Retail Property on State Route

      Retail property available for sale on State Route 28.
      1177 State Route 28, Milford, OH 45150
      View Details
    • Contact for pricing
      3,291 SF

      NNN Leased Restaurant Investment Opportunity

      Long-term NNN lease with attractive escalations and high traffic visibility.
      907 Oh-28, Milford, OH 45150
      View Details
    • $795,000
      Pending

      Georgian Revival on 3.26 Acres

      Versatile property with development potential in rapidly growing Milford/Miami Township.
      1311 Us Rt 50, Milford, OH 45150
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,200 SF

      Retail Space on Main Street

      Retail space available for lease on Main Street.
      780-824 Main St, Milford, OH 45150
      View Details
    • $12 SF/Yr
      2,400 SF

      Retail Space in Milford, Ohio

      2,400 SF retail space available for lease.
      1111 State Route 28, Milford, OH 45150
      View Details
    • $10 SF/Yr
      1,600 SF

      Retail Space Available For Lease

      Retail space available for lease in Milford, Ohio.
      1007-1019 State Route 28, Milford, OH 45150
      View Details
    • Contact for pricing
      1,600 SF

      Retail Spaces Available For Lease

      Retail spaces available for lease in Milford, Ohio.
      1079-1083 State Route 28, Milford, OH 45150
      View Details
    • Contact for pricing

      Land and Retail Space Available

      Land and retail spaces for lease in Milford, Ohio.
      1165 Oh-28, Milford, OH 45150
      View Details
    • Contact for pricing
      19,450 SF

      Retail Space Anchored by Kroger

      Retail space in shopping center anchored by Kroger and Planet Fitness.
      1077 Ohio 28, Milford, OH 45150
      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.
    5615 Leelavati Ct
    Milford, OH 45150-2758
    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
    5615 Leelavati Ct, Milford, OH, 45150
    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!