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    Property profile & analytics

    6290 Glenway Ave Cincinnati, OH 45211

    • Community centers
    • 160,718 SF
    • 15.20 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2725914
    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

    • CubeSmart Self Storage / Moving And Storage Service / Moving Supply Store

    Property Details for 6290 Glenway Ave

    Year built
    1967
    Lot size
    15.20 lot acres
    Property size
    160,718 SF
    Property type
    Community centers
    APN
    550-0132-0004-00
    APU
    5500132000400

    Description

    This exceptional retail opportunity presents 66,784 square feet of vacant space on the ground floor of the former Dillard's department store in Cincinnati, Ohio's Western Hills neighborhood. Located at 6290 Glenway Ave, zip code 45211, this property boasts a highly desirable location within a thriving retail corridor. The building underwent a complete renovation in 2022, offering modern amenities and a fresh aesthetic. The space is zoned for RETAIL/COMMERCIAL use and is ideal for multiple tenants. The property's strategic placement provides excellent visibility and accessibility, benefiting from its proximity to major retailers such as The Home Depot, Bob Evans, Kroger, Target, PetSmart, Old Navy, and Ulta. With a total vacant space of 66,784 square feet, this property offers significant potential for a variety of retail businesses seeking a prominent location in a high-traffic area. The property's APN is 055001320003. One available space is approximately 40,000 square feet. This is a rare opportunity to secure a substantial retail presence in a well-established and highly sought-after Cincinnati location. Inquire today to learn more about this exceptional property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,572,000
      Market price range: $3.57M - $8.38M

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.6243
    Latitude
    39.1488
    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
    $162,476
    $597,362
    $1,806,616
    $2,403,978
    -
    $1,706,750
    $5,161,760
    $6,868,510

    Comparable in this City

    • Value Estimation
      $1,565,000
      61,715 SF

      24232449 Harrison Ave

      MINI-MALL • 61,715 SF
      24232449 Harrison Ave, Cincinnati, OH 45211-7126
      View Details
    • Value Estimation by Request
      10.76 Acres

      3371 Parkcrest Ln

      MINI-MALL • 10.76 Acres
      3371 Parkcrest Ln, Cincinnati, OH 45211
      View Details
    • Value Estimation by Request
      2,960 SF

      6510 Glenway Ave

      MINI-MALL • 2,960 SF
      6510 Glenway Ave, Cincinnati, OH 45211-4410
      View Details
    • Value Estimation by Request
      6,958 SF

      3219 Harrison Ave

      SHOPPING CENTER, STRIP CENTER • 6,958 SF
      3219 Harrison Ave, Cincinnati, OH 45211-5601
      View Details
    • Value Estimation by Request
      9,682 SF

      4047 Harrison Ave

      SHOPPING CENTER, STRIP CENTER • 9,682 SF
      4047 Harrison Ave, Cincinnati, OH 45211-4639
      View Details
    • Value Estimation by Request
      9.43 Acres

      6146-6148 Glenway Ave

      REGIONAL SHOPPING CENTER, MALL • 9.43 Acres
      6146-6148 Glenway Ave, Cincinnati, OH 45211
      View Details

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    Similar Nearby for Lease

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      7,639 SF

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      West Town Center Retail Space

      Prime Cincinnati retail space, newly renovated.
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      Glenway Avenue Retail Space

      Retail property available for lease on Glenway Avenue.
      6000 Glenway Ave, Cincinnati, OH 45211
      View Details
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    Cincinnati, OH 45211
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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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