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    6401 Colerain Ave Cincinnati, OH 45239
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    Property profile & analytics

    6401 Colerain Ave, Cincinnati, OH 45239

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    • Grocery and convenience stores
    • 9.20 lot acres
    For Sale
    $3,995,000
    View Listing →
    Renovated Warehouse/Retail Conversion Opportunity For Sale
    $3,995,000
    58,800 SF

    Renovated Warehouse/Retail Conversion Opportunity

    Renovated warehouse/retail building with outdoor storage and highway access.

    6401 Colerain Ave, Cincinnati, OH
    View Listing
    Property ID
    US66-2111796
    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

    • higi / Physician
    • MoneyGram / Bank / Credit Union
    • Markeita Cambre / College

    Property Details for 6401 Colerain Ave

    Year built
    1991
    Lot size
    9.20 lot acres
    Property type
    Grocery and convenience stores
    APN
    510-0070-0177-00
    APU
    5100070017700

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 31, 2025 $3,800,000 Oh Valley Goodwill Industries Rehab 6401 Colerain LLC Deed —
    Jan 31, 2024 — 6401 Colerain LLC — Deed · related $2.3M · Wesbanco Bank INC
    Nov 8, 2023 — 6401 Colerain LLC — Deed · related $2.3M · Wesbanco Bank INC
    May 23, 2023 $1,092,000 6401 Colerain LLC Realty Income Properties 6 LLC Limited Warranty Deed $1M · Wesbanco Bank INC
    Oct 6, 2016 $7,859,966 Realty Income Properties 6 LLC Ddr Southeast Colerain LLC Grant Deed —
    Dec 6, 2000 — K Cincinnati LLC Petula Associates Ltd Grant Deed · related —
    Jun 13, 1997 $5,900,000 Petula Associates Us Income Fund Vii Ltd Grant Deed —

    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
    -84.5848
    Latitude
    39.2063
    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
    $91,552
    $502,173
    $670,943
    $1,173,116
    -
    $1,434,780
    $1,916,980
    $3,351,760

    Comparable in this City

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    • Value Estimation
      $990,000
      2.74 Acres

      2550 Galbraith Rd

      GROCERY, SUPERMARKET
      2550 Galbraith Rd, Cincinnati, OH 45239-4207
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    • Value Estimation by Request
      0.02 Acres

      Colerain Ave

      RETAIL STORES (PERSONAL SERVICES)
      Colerain Ave, Cincinnati, OH 45239
      View Details
    • Value Estimation by Request
      0.05 Acres

      5901 Colerain Ave

      FINANCIAL BUILDING
      5901 Colerain Ave, Cincinnati, OH 45239-6413
      View Details
    • Value Estimation
      $550,000
      4,523 SF

      3209 Galbraith Rd

      FINANCIAL BUILDING
      3209 Galbraith Rd, Cincinnati, OH 45239-3903
      View Details
    • Value Estimation by Request
      1,000 SF

      1813 Galbraith Rd

      RETAIL STORES (PERSONAL SERVICES)
      1813 Galbraith Rd, Cincinnati, OH 45239-4828
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,020 SF

      Retail/Flex Space on Colerain Ave

      11,020 SF retail/flex space with high visibility.
      6960 Colerain Ave, Cincinnati, OH 45239
      View Details
    • Contact for pricing
      58,800 SF

      Renovated Warehouse/Retail Conversion Opportunity

      Renovated warehouse/retail building with outdoor storage and highway access.
      6401 Colerain Ave, Cincinnati, OH 45239
      View Details
    • Contact for pricing
      5,340 SF

      Freestanding Retail Building For Sale

      5,340 SF building on 0.36 acres with high visibility.
      6891 Simpson Ave, Cincinnati, OH 45239
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    • Contact for pricing

      Freestanding Retail Building For Sale

      Freestanding retail building with off-street parking and new roof.
      1939 W Galbraith Rd, Cincinnati, OH 45239
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    • Contact for pricing
      2,880 SF

      Retail Property on Galbraith Road

      Retail property with high visibility and strong community ties.
      1831 W Galbraith Rd, Cincinnati, OH 45239
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    • $390,000
      0.08 Acres

      Retail Property in North College

      Turnkey retail property with parking in a transit-rich corridor.
      1829 W Galbraith Rd, North College Hill, OH 45239
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Retail Space on Busy Corner

      High-visibility retail space at a signalized corner with ample parking.
      3111-3119 W Galbraith Rd, Cincinnati, OH 45239
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    • $16 SF/Yr

      Versatile Retail/Office Space Available

      Adaptable 2,200 SF space for retail, office, or flex use.
      8045 Colerain Ave, Cincinnati, OH 45239
      View Details
    • Contact for pricing

      Retail Center on Colerain Avenue

      High-performing shopping center in Cincinnati, Ohio.
      8340 Colerain Ave, Cincinnati, OH 45239
      View Details
    • Contact for pricing
      5,895 SF

      Retail Space in Cincinnati Center

      Retail space available in Walmart & Staples anchored shopping center.
      8401-8457 Colerain Ave, Cincinnati, OH 45239
      View Details
    • Contact for pricing

      Prime Retail Ground Lease Site

      One-acre ground lease site on Colerain Avenue in Cincinnati.
      6401 Colerain Ave, Cincinnati, OH 45239
      View Details
    View Listing
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    Cincinnati, OH 45239
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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.

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