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Property profile & analytics
FOR SALE
Commercial real estate
6111 Madison Rd Cincinnati, OH 45227
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US66-0412942
For Sale
1 / 21
$595,000
6111 Madison Rd, Cincinnati, OH 45227
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Property summary
AI-generated overview
This stunning three-story, 3,813 square foot traditional office building, known as The Metz House, presents a unique investment opportunity in Cincinnati's historic Madisonville neighborhood. Built in 1870 and meticulously renovated in 2019, this landmark property boasts tremendous visibility on Madison Road. The building features twelve off-street parking spaces, including a garage suitable for storage or additional parking, and a covered drop-off porte cochere for convenient access. The interior is move-in ready, offering ample space for a variety of office uses. The property sits on a 0.302-acre lot and is zoned T4N.MF-O. The building's Class B designation reflects its blend of historic charm and modern updates. Currently vacant, the property offers immediate occupancy from September 10, 2024. Its location within an opportunity zone adds further investment appeal. The asking price for this exceptional property is $695,000. The Hamilton County Assessor's Parcel Number (APN) is 036-0003-0015-00.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1900
Construction
FRAME
Total area
4,683 SF
Lot
0.3 ac (13,155 SF)
APN
036-0003-0015-00
UPID
US66-0412942
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Madisonville Community Council Government Office
-
O'Keeffe PR & Marketing Solutions Advertising Agency Marketing & Advertising
-
O'Keeffe PR and Marketing Solutions Marketing & Advertising Advertising Agency
-
Madisonville Community Urban Redevelopment Corporation (MCURC) Charitable Organization Social Service Agency
-
Striffler Company Hardware & Home Improvement Home Appliance Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$443k
Blend (final)
Blend
$520k
Owner & transaction history
Madisonville Cmnty Urban Redev · 8 yrs held
Madisonville Cmnty Urban Redev
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$860,000
+107.4%
Medical building
$545,000
+31.4%
Office building
$495,000
+20.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cincinnati submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cincinnati submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$415,000
Current use
AUTO REPAIR, GARAGE
$860,000
Change: +107% · Conversion: Difficult
MEDICAL BUILDING
$545,000
Change: +31% · Conversion: Easy
OFFICE BUILDING
$495,000
Change: +20% · Conversion: Easy
RETAIL STORES
$450,000
Change: +8% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$405,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$111 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,322
Tax year 2023
Assessed value
$88,897
Assessed 2023
Previous assessed
$73,340
+21.2% YoY
Effective rate
8.24%
On assessed value
Assessed land
$11,540
Assessed improvement
$77,357
Land market value
$32,970
Improvement market value
$221,020
Total market value
$253,990
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1900
Construction
FRAME
Heating
YES
Cooling
YES
Stories
3
Rooms
15
Bathrooms
2
Total area
4,683 SF
Lot
0.3 ac (13,155 SF)
APN
036-0003-0015-00
UPID
US66-0412942
Jurisdiction
HAMILTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$415,000
AUTO REPAIR, GARAGE
Est. value
$860,000
MEDICAL BUILDING
Est. value
$545,000
OFFICE BUILDING
Est. value
$495,000
RETAIL STORES
Est. value
$450,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$405,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1900
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
3
Rooms
15
Bathrooms
2
Lot
0.3 ac
Current owner
From public records · entity-resolved
Madisonville Cmnty Urban Redev
Individual
Mailing address
5906 MADISON RD, CINCINNATI, OH 45227-1816
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 16, 2018
—
Madisonville Cmnty Urban Redev
Hamilton Cnty Land Reutilizati
Quit Claim Deed
related
—
Jan 4, 2017
—
Hamilton Cnty Land Reutilizati
First Natl Bk Of Germantown
Warranty Deed
—
Oct 21, 2016
—
First Natl Bk Of Germantown
Caliber Properties LLC
Grant Deed
—
May 3, 2004
—
Saturn Properties LLC
Fail,gregory C
Warranty Deed
related
—
May 16, 2002
—
Gregory C Fail
Acf Mortgage LLC
Grant Deed
$178,210 · Bank One NA
Dec 5, 2000
$125,000
Acf Mortgage LLC
Madison Investment Associates
Grant Deed
related
$150,000 · Key Bank NA
—
—
Acf Mortgage LLC
—
Deed Of Trust
related
$150,000 · Key Bank NA
—
—
Saturn Properties LLC
—
Deed Of Trust
related
$244,000 · First National Bank Germantown
—
—
Acf Mortgage LLC
—
Deed Of Trust
related
$10,000 · Key Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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