Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6896 Murray Ave Cincinnati, OH 45227-3241
    Back to Search
    Property profile & analytics

    6896 Murray Ave Cincinnati, OH 45227-3241

    View on Map
    • Retail residential properties
    • 1,740 SF
    • 0.15 lot acres
    Off-Market
    Last Sale Jan 16, 2025
    Property ID
    US66-1379802
    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

    • Bench Billboard Company / Marketing & Advertising / Advertising Agency

    Property Details for 6896 Murray Ave

    Year built
    1939
    Lot size
    0.15 lot acres
    Property size
    1,740 SF
    Property type
    Retail residential properties
    APN
    520-0171-0215-00
    APU
    5200171021500

    Description

    This exceptional 1,740 square foot retail space, located at 6896 Murray Avenue in Cincinnati, Ohio, presents a unique investment opportunity. Situated in Hamilton County, zip code 45227, this single-tenant property is currently vacant and ready for immediate occupancy. The building boasts a two-story design, offering ample space for a variety of restaurant concepts. The entire 1,740 square feet is available, providing a blank canvas for a creative and engaging business. This property is ideally positioned to capitalize on the revitalization efforts underway in the Madison Place area, offering a chance to be part of a growing and dynamic community. The address is easily accessible, providing excellent visibility and convenient access for customers. This is an exceptional opportunity for an investor seeking to contribute to the ongoing revitalization of the neighborhood and establish a thriving business in a high-traffic location. The property's size and layout are well-suited for a variety of restaurant styles, from casual dining to upscale eateries. Serious inquiries are encouraged to explore the potential of this exciting investment. The property is located at 39.14804561 latitude and -84.37825837 longitude.

    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
    -84.3783
    Latitude
    39.1483
    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
    $3,947
    $8,305
    $32,602
    $40,907
    -
    $23,730
    $93,150
    $116,880

    Comparable in this City

    • Value Estimation by Request

      4200 Plainville Rd

      STORES & APARTMENTS
      4200 Plainville Rd, Cincinnati, OH 45227-3247
      View Details
    • Value Estimation
      $805,000
      5,269 SF

      4804 Whetsel Ave

      STORES & APARTMENTS • 5,269 SF
      4804 Whetsel Ave, Cincinnati, OH 45227-2371
      View Details
    • Value Estimation by Request
      4,150 SF

      6022 Madison Rd

      STORES & APARTMENTS • 4,150 SF
      6022 Madison Rd, Cincinnati, OH 45227-1818
      View Details
    • Value Estimation by Request
      3,231 SF

      5821 Chandler St

      STORES & APARTMENTS • 3,231 SF
      5821 Chandler St, Cincinnati, OH 45227
      View Details
    • Value Estimation by Request
      1.77 Acres

      4919 Whetsel Ave

      STORES & APARTMENTS • 1.77 Acres
      4919 Whetsel Ave, Cincinnati, OH 45227-2358
      View Details
    • Value Estimation by Request
      1.90 Acres

      5912 Madison Rd

      STORES & APARTMENTS • 1.90 Acres
      5912 Madison Rd, Cincinnati, OH 45227-1839
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,269 SF

      Mixed-Use Property | 5,269 SqFt

      Mixed-use property featuring 5,269 square feet of space.
      4804 Whetsel Ave, Cincinnati, OH 45227
      View Details
    • Contact for pricing

      Mixed-Use Investment Opportunity

      Mixed-use property with retail space and apartments in Madisonville.
      4804 Whetsel Ave, Cincinnati, OH 45227
      View Details
    • Contact for pricing
      2,537 SF

      Madisonville Mixed-Use Investment Opportunity

      Mixed-use property with multiple rental spaces in high-traffic location.
      6756-6758 Bramble Ave, Cincinnati, OH 45227
      View Details
    • Contact for pricing
      8,000 SF

      Retail or Restaurant Opportunity

      Freestanding building suitable for retail or restaurant use.
      4760 Red Bank Rd, Cincinnati, OH 45227
      View Details
    • $749,999
      3.60 Acres

      3.5+ Acre Wooded Lot

      Large wooded lot in a convenient, sought-after location.
      5899 Jordan Ln, Columbia Twp, OH 45227
      View Details
    • Contact for pricing

      Retail Property on Madison Road

      Retail property available for sale on Madison Road.
      6500 Madison Rd, Cincinnati, OH 45227
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Madisonville Mixed-Use Development Retail Space

      Retail spaces available in mixed-use development with patio seating.
      4919 Whetsel Ave, Cincinnati, OH 45227
      View Details
    • $15 SF/Yr

      Prime Location for Medical/Retail/Office

      9,000 SF available in thriving retirement community.
      4900 Babson Pl, Cincinnati, OH 45227
      View Details
    • $13 SF/Yr
      1,822 SF

      Office Building with Redevelopment Potential

      22,208 SF office building on 1.466 acres for lease.
      5533-5535 Fair Ln, Cincinnati, OH 45227
      View Details
    • Contact for pricing

      Madisonville Retail Space with Patio

      Retail space available in mixed-use development with patio seating.
      4901-4918 Whetsel Ave, Cincinnati, OH 45227
      View Details
    • Contact for pricing

      Red Bank Office Space Available

      Office space for lease in a high-traffic area.
      4760 Red Bank Expy, Cincinnati, OH 45227
      View Details
    • $22 SF/Yr
      1,300 SF

      Retail Space in Upscale Market

      Retail space with high traffic and abundant parking.
      7201-7257 Wooster Pike, Cincinnati, OH 45227
      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.
    6896 Murray Ave
    Cincinnati, OH 45227-3241
    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
    6896 Murray Ave, Cincinnati, OH, 45227
    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!