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

    6850 Elwynne Dr Cincinnati, OH 45236-4024

    • Specialty properties
    • 1,862 SF
    • 0.14 lot acres
    OFF-MARKET
    Last Sale
    Jan 04, 2025
    $262,000
    Value Estimations
    $235,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2043010
    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

    • Specialty properties

    Property Details for 6850 Elwynne Dr

    Year built
    1938
    Lot size
    0.14 lot acres
    Property size
    1,862 SF
    Property type
    Specialty properties
    APN
    602-0003-0071-00
    APU
    6020003007100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $265,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $202,000
      Market price range: $129k - $270k
      AI Estimate
      $186,000
      Market price range: $137k - $221k

    • Alternative Use

      Use
      Estimation
      CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
      $190,000
      Current use
      AUTO REPAIR, GARAGE
      $340,000
      Change: +78% Conversion: Difficult
      MEDICAL BUILDING
      $215,000
      Change: +13% Conversion: Difficult
      OFFICE BUILDING
      $200,000
      Change: +3% Conversion: Difficult
      RETAIL STORES
      $180,000
      Change: -7% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $165,000
      Change: -14% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $160,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.3979
    Latitude
    39.1926
    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
    $0.00
    $12,208
    $52,983
    $65,191
    -
    $34,880
    $151,380
    $186,260

    Comparable in this City

    • Value Estimation
      $240,000
      0.11 Acres

      6948 Plainfield Rd

      CHARITABLE ORGANIZATION • 0.11 Acres
      6948 Plainfield Rd, Cincinnati, OH 45236-3734
      View Details
    • Value Estimation
      $245,000
      1,700 SF

      6954 Plainfield Rd

      CHARITABLE ORGANIZATION • 1,700 SF
      6954 Plainfield Rd, Cincinnati, OH 45236-3734
      View Details
    • Value Estimation by Request
      12.43 Acres

      4777 Galbraith Rd

      CHARITABLE ORGANIZATION • 12.43 Acres
      4777 Galbraith Rd, Cincinnati, OH 45236-2725
      View Details
    • Value Estimation
      $315,000
      11,776 SF

      6350 Galbraith Rd

      CHARITABLE ORGANIZATION • 11,776 SF
      6350 Galbraith Rd, Cincinnati, OH 45236-2276
      View Details
    • Value Estimation
      $250,000
      1,568 SF

      4400 Sycamore Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1,568 SF
      4400 Sycamore Rd, Cincinnati, OH 45236-1827
      View Details
    • Value Estimation
      $260,000
      3,525 SF

      7140 Plainfield Rd

      FUNERAL HOME • 3,525 SF
      7140 Plainfield Rd, Cincinnati, OH 45236-3432
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,478 SF

      Retail Property in Cincinnati, OH

      Retail property with 3,478 square feet of space.
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    • Contact for pricing

      13 AC Land Overlooking I-71

      13 AC tract with highway exposure in booming neighborhood.
      6300 Elwynne Dr, Cincinnati, OH 45236
      View Details
    • Contact for pricing
      7,500 SF

      Silverton TrueValue Hardware Sale

      Established Hardware Store, High Traffic Area
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      1,000 SF

      Silverton Commercial Space on Montgomery

      Commercial space with storefront, private bathroom, and office.
      7049 Montgomery Rd, Cincinnati, OH 45236
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    • Contact for pricing

      Silverton Mixed-Use Property for Sale

      Bar and apartment in resurgent Silverton neighborhood with I-71 access.
      7208 Montgomery Rd, Cincinnati, OH 45236
      View Details
    • $500,000
      2,250 SF

      Silverton Flex Space - $500K

      2,250 SF Flex Warehouse, High Traffic
      7202 Montgomery Rd, Cincinnati, OH 45236
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      30,000 SF

      Sycamore Executive Center II Offices

      Class A Office Suites in Kenwood
      8250-8300 Kenwood Rd, Cincinnati, OH 45236
      View Details
    • $20 SF/Yr
      47,162 SF

      Prime Cincinnati Executive Office Space

      Class A Office Suites, 867-20,634 sq ft.
      8044 Montgomery Rd, Cincinnati, OH 45236
      View Details
    • $22 SF/Yr
      20,395 SF

      8044 Montgomery Rd

      Office space • 20,395 SF
      8044 Montgomery Rd, Cincinnati, OH 45236
      View Details
    • $16 SF/Yr
      6,214 SF

      Kenwood Office Space for Lease

      3,174+/- SF Kenwood office space with private offices.
      8549 Montgomery Rd, Cincinnati, OH 45236
      View Details
    • Contact for pricing
      1,712 SF

      Retail Space on Montgomery Road

      1,712 SF retail space with high visibility available for lease.
      8060 Montgomery Rd, Cincinnati, OH 45236
      View Details
    • $12 SF/Yr
      33,728 SF

      Kenwood Retail Space For Lease

      Prime Kenwood location, multiple suites available
      8160 Montgomery Rd, Cincinnati, OH 45236
      View Details
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    Cincinnati, OH 45236-4024
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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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