Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    675 Gtwy Blvd Monroe, OH 45050-2587
    Back to Search
    Property profile & analytics

    675 Gtwy Blvd, Monroe, OH 45050-2587

    View on Map
    • Grocery and convenience stores
    • 8.08 lot acres
    Off-Market
    Property ID
    US66-5229802
    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

    • Grocery and convenience stores

    Property Details for 675 Gtwy Blvd

    Lot size
    8.08 lot acres
    Property type
    Grocery and convenience stores
    APN
    11-05-300-022-2
    APU
    11053000222

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 13, 2019 $13,700,000 Lex Pn Cincy I LLC Park North 5 LLC Grant Deed —
    Aug 5, 2016 — Park North 5 LLC Park North Land LLC Quitclaim Deed · related —

    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
    Monroe
    County
    Warren
    State
    Ohio
    Longitude
    -84.3328
    Latitude
    39.4307
    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
    $32,123
    $127,309
    $4,439,120
    $4,566,429
    -
    $363,740
    $12,683,200
    $13,046,940

    Comparable in this City

    • Value Estimation by Request
      0.31 Acres

      Main St

      GROCERY, SUPERMARKET
      Main St, Monroe, OH 45050
      View Details
    • Value Estimation
      $585,000
      33.78 Acres

      535 Gtwy Blvd

      GROCERY, SUPERMARKET
      535 Gtwy Blvd, Monroe, OH 45050-2586
      View Details
    • Value Estimation by Request
      0.74 Acres

      1330 Hamilton Lebanon E Rd

      GROCERY, SUPERMARKET
      1330 Hamilton Lebanon E Rd, Monroe, OH 45050-1700
      View Details
    • Value Estimation by Request
      9.54 Acres

      Rte 63

      GROCERY, SUPERMARKET
      Rte 63, Monroe, OH 45050
      View Details
    • Value Estimation
      $615,000
      17,184 SF

      6 Main St

      GROCERY, SUPERMARKET
      6 Main St, Monroe, OH 45050-1861
      View Details
    • Value Estimation by Request
      22.41 Acres

      201 Exploration Dr

      GROCERY, SUPERMARKET
      201 Exploration Dr, Monroe, OH 45050-2588
      View Details

    Similar Nearby for Sale

    • $349,900
      3.93 Acres

      Prime Commercial Land For Sale

      3. 9+ acres in Monroe, OH, near I-75.
      100 N Main St, Monroe, OH 45050
      View Details
    • Contact for pricing
      20,534 SF

      Monroe Multi-Use Commercial Space

      20,534 SF multi-use commercial space on 2.1678 acres.
      60 Overbrook Dr, Monroe, OH 45050
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale on Garver Rd, Monroe, OH.
      Garver Rd, Monroe, OH 45050
      View Details
    • Contact for pricing
      7,191 SF

      Versatile Property Near I-75

      Adaptable building suitable for event center, church, or restaurant.
      913 Lebanon St, Monroe, OH 45050
      View Details
    • $2,900,000
      19,390 SF

      Monroe, OH Industrial Warehouse

      25,000 SF industrial warehouse for storage and logistics.
      201 American Way, Monroe, OH 45050
      View Details
    • Contact for pricing
      6,036 SF

      Office/Medical/Child Care Opportunity

      6,036 SF building on 1.03 acre lot for sale.
      500 Macready Ave, Monroe, OH 45050
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,250 SF

      Retail Space Near Cincinnati Outlets

      Retail space near restaurants, retailers, and Cincinnati Premium Outlets.
      601 S Main St, Monroe, OH 45050
      View Details
    • Contact for pricing

      Monroe Retail/Office Spec Building

      18,000 SF spec building in rapidly growing Monroe, Ohio.
      Orton Dr, Monroe, OH 45050
      View Details
    • Contact for pricing
      4,200 SF

      Retail Space Near Kroger

      93,733 SF GLA center anchored by Kroger.
      3101 Heritage Green Dr, Monroe, OH 45050
      View Details
    • Contact for pricing
      18,016 SF

      Retail Center Near Cincinnati Outlets

      Proposed retail center with drive-through and open gathering space.
      Senate Dr, Monroe, OH 45050
      View Details
    • Contact for pricing
      96,000 SF

      72,000 SF Warehouse Space Available

      72,000 SF warehouse with docks and convenient highway access.
      1005 Reed Dr, Monroe, OH 45050
      View Details
    • Contact for pricing
      1,100 SF

      Monroe Office Space For Rent

      Office space available for lease in Monroe, Ohio.
      106 Clarence F Warner Dr, Monroe, OH 45050
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    675 Gtwy Blvd
    Monroe, OH 45050-2587
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    675 Gtwy Blvd, Monroe, OH, 45050
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!