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    6344 Gracely Dr Cincinnati, OH 45233
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    6344 Gracely Dr Cincinnati, OH 45233

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    • Bars & Pubs
    • 2,640 SF
    • 0.19 lot acres
    For Sale
    $450,000
    View Listing →
    Iconic Cincinnati Commercial Property For Sale
    $450,000
    0.47 Acres

    Iconic Cincinnati Commercial Property

    Character-filled space ideal for winery, brewery, bar, or hospitality.

    6344 Gracely Drive, Cincinnati, OH 45233
    View Listing
    Property ID
    US66-6302242
    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

    • Bars & Pubs

    Property Details for 6344 Gracely Dr

    Year built
    1925
    Lot size
    0.19 lot acres
    Property size
    2,640 SF
    Property type
    Bars & Pubs
    Property subtype
    Pubs
    APN
    164-0004-0095-00
    APU
    1640004009500

    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
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.6875
    Latitude
    39.1073
    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
    $5,106
    $8,477
    $53,484
    $61,961
    -
    $24,220
    $152,810
    $177,030

    Comparable in this City

    • Value Estimation by Request
      1,400 SF

      6625 Gracely Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,400 SF
      6625 Gracely Dr, Cincinnati, OH 45233-1101
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    • Value Estimation by Request
      987 SF

      5436 Riv Rd

      RESTAURANT • 987 SF
      5436 Riv Rd, Cincinnati, OH 45233-1529
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    • Value Estimation by Request

      811 Neeb Rd, Unit 5A

      RESIDENTIAL PARKING GARAGE
      811 Neeb Rd, Cincinnati, OH 45233-4664
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    • Value Estimation by Request

      837 Neeb Rd, Unit 48A

      RESIDENTIAL PARKING GARAGE
      837 Neeb Rd, Cincinnati, OH 45233-4666
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    • Value Estimation by Request

      823 Neeb Rd, Unit 84-A

      RESIDENTIAL PARKING GARAGE
      823 Neeb Rd, Cincinnati, OH 45233-4679
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    • Value Estimation by Request

      813 Neeb Rd, Unit 10A

      RESIDENTIAL PARKING GARAGE
      813 Neeb Rd, Cincinnati, OH 45233-4624
      View Details

    Similar Nearby for Sale

    • $450,000
      0.47 Acres

      Iconic Cincinnati Commercial Property

      Character-filled space ideal for winery, brewery, bar, or hospitality.
      6344 Gracely Dr, Cincinnati, OH 45233
      View Details
    • Contact for pricing
      5,861 SF

      Restaurant Property in Retail Corridor

      Second generation restaurant property in the heart of Delhi.
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      Land Available for Sale

      Land for sale at 5196 Delhi Rd, Cincinnati, OH
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    • $100,000
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      Four-unit multifamily property in Cincinnati, Ohio, requiring renovation.
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      Prime Commercial Lots For Sale

      Two commercial lots totaling over two acres in a visible location.
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    • New
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      30.51 acres with homes, social club, and campsites.
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    Similar Nearby for Lease

    • Contact for pricing
      7,000 SF

      Retail Space Available For Rent

      7,000 square foot retail space for rent.
      5039 Delhi Rd, Cincinnati, OH 45233
      View Details
    • $15 SF/Yr
      1,300 SF

      Retail Space Available For Rent

      Retail space available for lease, 1300 square feet.
      1270-1290 Ebenezer Rd, Cincinnati, OH 45233
      View Details
    • Contact for pricing
      1,980 SF

      Retail Space in Delhi Pike

      Retail space in a heavily trafficked Cincinnati shopping center.
      5040-5048 Delhi Rd, Cincinnati, OH 45233
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    • Contact for pricing

      Elmore Court Warehouse and Office

      Office and warehouse space with ample parking and easy highway access.
      1617-1625 Elmore Ct, Cincinnati, OH 45233
      View Details
    View Listing
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    Cincinnati, OH 45233
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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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