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    6120 South Gilmore Rd Fairfield, OH 45014
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    Property profile & analytics

    6120 South Gilmore Rd, Fairfield, OH 45014

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    • Office buildings
    • 133,314 SF
    • 75.28 lot acres
    For Lease
    $12 SF/Yr
    View Listing →
    Office Space with Open Layout For Lease
    $12 SF/Yr

    Office Space with Open Layout

    Office space featuring an open floor plan and natural light.

    6120 South Gilmore Road, Fairfield, OH 45014
    View Listing
    Property ID
    US66-0857184
    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

    • Office buildings

    Property Details for 6120 South Gilmore Rd

    Year built
    1989
    Lot size
    75.28 lot acres
    Property type
    Office buildings
    APN
    A0700-017.000-019
    APU
    A0700017000019

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,232,000
      Market price range: $3.48M - $8.23M
      AI Estimate
      $12,036,000
      Market price range: $5.46M - $12.0M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $15,100,000
      NEIGHBORHOOD: SHOPPING CENTER
      $14,745,000
      AUTO REPAIR, GARAGE
      $13,880,000
      COMMERCIAL (GENERAL)
      $10,585,000
      RETAIL STORES
      $9,550,000
      WAREHOUSE, STORAGE
      $7,065,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairfield
    County
    Butler
    State
    Ohio
    Longitude
    -84.519
    Latitude
    39.3088
    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
    $65,186
    $1,271,910
    $11,853,090
    $13,125,000
    -
    $3,634,030
    $33,865,970
    $37,500,000

    Comparable in this City

    • Value Estimation by Request
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      OFFICE BUILDING
      8686 Michael Ln, Fairfield, OH 45014-3015
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      37,320 SF

      4100 Prt Un Rd

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      4100 Prt Un Rd, Fairfield, OH 45014-2293
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      5,046 SF

      4799 Groh Ln

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      4799 Groh Ln, Fairfield, OH 45014-2341
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      7,081 SF

      6435 Dixie Hwy

      OFFICE BUILDING
      6435 Dixie Hwy, Fairfield, OH 45014-5421
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    • Value Estimation
      $1,485,000
      5,972 SF

      5950 Boymel Dr

      OFFICE BUILDING
      5950 Boymel Dr, Fairfield, OH 45014-5526
      View Details

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      7,292 SF

      Professional Office Buildings For Sale

      Two office buildings on one parcel, income producing.
      630-632 Nilles Rd, Fairfield, OH 45014
      View Details
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      5,527 SF

      Free-Standing Office/Retail Building For Rent

      5,527 SF office/retail building with 33 parking spaces.
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      2,642 SF

      Fairfield Office Space For Sale

      Office space available in Fairfield, Ohio, totaling 2,642 square feet.
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    • $2,400,000

      Fairfield Industrial Building For Sale

      Freestanding industrial building with warehouse and office space in Fairfield, OH.
      275 Northpointe Dr, Fairfield, OH 45014
      View Details
    • Contact for pricing

      Office/Retail Space with End-Cap

      2,148 SF suite suitable for office or retail use.
      656 Wessel Dr, Fairfield, OH 45014
      View Details
    • $1,200,000
      6,500 SF

      Fairfield Commercial Property with Warehouse

      High-traffic location with retail, warehouse, and income potential.
      1195 Hicks Blvd, Fairfield, OH 45014
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr

      Office Space with Open Layout

      Office space featuring an open floor plan and natural light.
      6120 South Gilmore Rd, Fairfield, OH 45014
      View Details
    • Contact for pricing

      Fairfield Flex / Industrial Space

      Flex, industrial, and office spaces available for lease in Fairfield.
      4250 Port Union Rd, Fairfield, OH 45014
      View Details
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      1,125 SF

      Office Space with Ample Parking

      Office space for rent with excellent visibility and parking.
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      Office/Warehouse Space in Fairfield, Ohio

      9,000 SF office/warehouse space with easy access to I-275.
      7383 Dixie Hwy, Fairfield, OH 45014
      View Details
    • Contact for pricing
      12,000 SF

      Retail Center Pre-Leasing Opportunity

      Planned retail center with outlot opportunities in high-traffic location.
      6305-6329 Dixie Hwy, Fairfield, OH 45014
      View Details
    • Contact for pricing
      29,640 SF

      Retail Space with High Traffic

      Anchor and in-line retail spaces available in Fairfield, OH.
      4605-4627 Dixie Hwy, Fairfield, OH 45014
      View Details
    View Listing
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    6120 South Gilmore Rd
    Fairfield, OH 45014
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    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
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    6120 South Gilmore Rd, Fairfield, OH, 45014
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