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    Property profile & analytics

    5721 Dragon Way Cincinnati, OH 45227-4518

    • Office buildings
    • 22,185 SF
    • 0.29 lot acres
    OFF-MARKET
    Value Estimation
    $610,000
    Last Sale
    Aug 19, 2021
    Location Intelligence
    Property ID
    US66-2570469
    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

    • McBride Dale Clarion / Professional Services
    • Renewal Therapeutic Massage - Chandra Stead LMT / Massage Therapist / Sports Massage Therapist
    • Kim Carman - Realtor Exp Realty / Real Estate Agent / Real Estate Consultant
    • Simply Well Chiropractic / Chiropractor
    • Mighty Dog Roofing of East Cincinnati / Window Installation Service / Roofing Contractor

    Property Details for 5721 Dragon Way

    Year built
    1967
    Lot size
    0.29 lot acres
    Property size
    22,185 SF
    Property type
    Office buildings
    APN
    523-0007-0235-00
    APU
    5230007023500

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $575,000

    • CAP approach

      CAP return
      Estimation
      6%
      $905,000
      6.5%
      $875,000
      7%
      $845,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $785,000
      Geo Method
      $765,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $650,000
      Retail
      $715,000
      Mixed-Use
      $695,000
      Hospitality
      $795,000
      Educational
      $765,000
      Residential Income
      $650,000
      Energy
      $680,000
      Income-Based Land
      $800,000
      Food Service
      $800,000

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.3927
    Latitude
    39.1408
    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
    $43,338
    $62,871
    $354,823
    $417,694
    -
    $179,630
    $1,013,780
    $1,193,410

    Comparable in this City

    • Value Estimation by Request
      9.16 Acres

      5400 Medpace Way

      OFFICE BUILDING (MULTI-STORY) • 9.16 Acres
      5400 Medpace Way, Cincinnati, OH 45227-1530
      View Details
    • Value Estimation
      $1,075,000
      0.43 Acres

      4779 Red Bank Rd

      OFFICE BUILDING • 0.43 Acres
      4779 Red Bank Rd, Cincinnati, OH 45227-1519
      View Details
    • Value Estimation
      $580,000
      19,164 SF

      3814 Ww St

      OFFICE BUILDING (MULTI-STORY) • 19,164 SF
      3814 Ww St, Cincinnati, OH 45227-3752
      View Details
    • Value Estimation
      $415,000
      0.88 Acres

      4430 Red Bank Rd

      OFFICE BUILDING • 0.88 Acres
      4430 Red Bank Rd, Cincinnati, OH 45227-2116
      View Details
    • Value Estimation
      $550,000
      10,493 SF

      3500 Red Bank Rd

      OFFICE BUILDING • 10,493 SF
      3500 Red Bank Rd, Cincinnati, OH 45227-4111
      View Details
    • Value Estimation by Request
      6.91 Acres

      5365 Medpace Way

      OFFICE BUILDING (MULTI-STORY) • 6.91 Acres
      5365 Medpace Way, Cincinnati, OH 45227-1543
      View Details

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    Cincinnati, OH 45227-4518
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    Realmo Value Estimation

    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.

    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.

    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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