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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6615 Corporate Dr Blue Ash, OH 45242-2112

    • Warehouses
    • 24,000 SF
    • 2.05 lot acres
    OFF-MARKET
    Value Estimations
    $700,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-0767874
    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

    • Warehouses

    Property Details for 6615 Corporate Dr

    Year built
    1976
    Lot size
    2.05 lot acres
    Property size
    24,000 SF
    Property type
    Warehouses
    APN
    612-0200-0285-00
    APU
    6120200028500

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $540,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $552,000
      Market price range: $510k - $1.29M

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

    Location Insight

    • Map
    • Local Demand
    City
    Blue Ash
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.3616
    Latitude
    39.2725
    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
    $21,777
    $75,012
    $242,659
    $317,671
    -
    $214,320
    $693,310
    $907,630

    Comparable in this City

    • Value Estimation by Request
      3.38 Acres

      10848 Joslyn Rd

      MINI-WAREHOUSE, STORAGE • 3.38 Acres
      10848 Joslyn Rd, Blue Ash, OH 45242-4028
      View Details
    • Value Estimation by Request
      0.69 Acres

      11230 Deerfield Rd

      WAREHOUSE, STORAGE • 0.69 Acres
      11230 Deerfield Rd, Blue Ash, OH 45242-2024
      View Details
    • Value Estimation
      $5,075,000
      58,845 SF

      11495 Deerfield Rd

      WAREHOUSE, STORAGE • 58,845 SF
      11495 Deerfield Rd, Blue Ash, OH 45242-2106
      View Details
    • Value Estimation by Request
      40,265 SF

      4380 Malsbary Rd

      Distribution properties • 40,265 SF
      4380 Malsbary Rd, Blue Ash, OH 45242
      View Details
    • Value Estimation
      $17,665,000
      241,229 SF

      4750 Lk Frst Dr

      MINI-WAREHOUSE, STORAGE • 241,229 SF
      4750 Lk Frst Dr, Blue Ash, OH 45242-3852
      View Details
    • Value Estimation by Request
      7,360 SF

      11635 Deerfield Rd

      MINI-WAREHOUSE, STORAGE • 7,360 SF
      11635 Deerfield Rd, Cincinnati, OH 45242-1421
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      197,263 SF

      Alliance Road Industrial Facility

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      Blue Ash Manufacturing Facility

      Manufacturing facility in Blue Ash with heavy infrastructure.
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      193,023 SF

      Cincinnati Warehouse and Industrial Space

      193,023 SF warehouse and industrial property in Cincinnati, OH.
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    • $1,500,000
      10,000 SF

      Blue Ash Industrial/Office Building

      10,000 SF building with office and warehouse space.
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    • $1,200,000
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      Blue Ash Industrial Property

      14,000 SF industrial property for sale in Blue Ash.
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      Industrial Property in Blue Ash

      94,760 SF industrial property available for sale.
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    Similar Nearby for Lease

    • $7 SF/Yr
      14,040 SF

      Industrial Space Near Kenwood Road

      Industrial space for lease with office and dock access.
      10800-10890 Kenwood Rd, Blue Ash, OH 45242
      View Details
    • Contact for pricing
      33,872 SF

      Blue Ash Warehouse Space Available

      Warehouse space for rent in Blue Ash, Ohio.
      6245 Creek Rd, Blue Ash, OH 45242
      View Details
    • $6 SF/Yr
      69,070 SF

      Cincinnati Industrial Warehouse - 69,070 SF

      Prime Cincinnati warehouse, ideal for manufacturing & distribution.
      5000 Creek Rd, Cincinnati, OH 45242
      View Details
    • $7 SF/Yr
      186,000 SF

      Cornell Office Warehouse Park: Blue Ash, OH

      Prime Office/Warehouse Space Available
      11240-11260 Cornell Park Dr, Blue Ash, OH 45242
      View Details
    • $16 SF/Yr

      New Industrial Space with I-71 Frontage

      New Class A industrial space available for lease in Blue Ash.
      10804 Millington Ct, Cincinnati, OH 45242
      View Details
    • $5 SF/Yr
      81,736 SF

      Blue Ash Office/Warehouse Space

      Class A warehouse space in Blue Ash, available Q1 2026.
      10001 Alliance Rd, Cincinnati, OH 45242
      View Details
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    6615 Corporate Dr
    Blue Ash, OH 45242-2112
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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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