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    Property profile & analytics

    697 Northland Blvd Cincinnati, OH 45240

    • Parking lots & garages
    • 3,964 SF
    • 0.71 lot acres
    OFF-MARKET
    Value Estimations
    $275,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1164649
    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

    • Parking lots & garages

    Property Details for 697 Northland Blvd

    Year built
    1979
    Lot size
    0.71 lot acres
    Property size
    3,964 SF
    Property type
    Parking lots & garages
    APN
    591-0005-0332-00
    APU
    5910005033200

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $270,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $362,000
      Market price range: $214k - $795k
      AI Estimate
      $377,000
      Market price range: $229k - $677k

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.4999
    Latitude
    39.2805
    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
    $5,267
    $52,735
    $3,815
    $56,550
    -
    $150,670
    $10,900
    $161,570

    Comparable in this City

    • Value Estimation
      $250,000
      0.58 Acres

      11017 Ashburn Rd

      PARKING GARAGE, PARKING STRUCTURE • 0.58 Acres
      11017 Ashburn Rd, Cincinnati, OH 45240-3816
      View Details
    • Value Estimation
      $315,000
      2,316 SF

      1196 Kemper Rd

      PARKING GARAGE, PARKING STRUCTURE • 2,316 SF
      1196 Kemper Rd, Cincinnati, OH 45240-1708
      View Details
    • Value Estimation
      $270,000
      0.01 Acres

      10831 Trailwood Ct

      RESIDENTIAL PARKING GARAGE • 0.01 Acres
      10831 Trailwood Ct, Cincinnati, OH 45240-3435
      View Details
    • Value Estimation
      $280,000
      7,224 SF

      566 Northland Blvd

      PARKING GARAGE, PARKING STRUCTURE • 7,224 SF
      566 Northland Blvd, Cincinnati, OH 45240-3213
      View Details
    • Value Estimation
      $320,000
      12,000 SF

      11029 Ashburn Rd

      PARKING GARAGE, PARKING STRUCTURE • 12,000 SF
      11029 Ashburn Rd, Cincinnati, OH 45240-3816
      View Details
    • Value Estimation
      $275,000
      7,301 SF

      552 Northland Blvd

      PARKING GARAGE, PARKING STRUCTURE • 7,301 SF
      552 Northland Blvd, Cincinnati, OH 45240-3213
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      203,818 SF

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      Red Lobster NNN Investment Opportunity

      NNN leased Red Lobster with corporate guaranty and rent escalations.
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      Retail Property for Sale

      Retail property available for purchase in Cincinnati, OH.
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      Prime Cincinnati Retail Storefront

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      203,818 SF

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      Large retail space with high traffic and accessibility.
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      51,192 SF

      Kemper Meadow Office Park: Value-Add Opportunity

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    Similar Nearby for Lease

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      Shoppes of Cobblewood Retail Space

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    • $12 SF/Yr
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      Retail Space in Retail Center

      11,023 SF retail space with excellent signage and parking.
      1183 Smiley Ave, Cincinnati, OH 45240
      View Details
    • $825 /Mo
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      Modern Office Space For Rent

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      View Details
    • Contact for pricing
      3,500 SF

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      Cincinnati Flex Space Available

      Modern industrial flex space, multiple units.
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      View Details
    • $8 SF/Yr
      13,605 SF

      Remodeled Flex Space Available

      Flex and industrial spaces for lease near Interstate 275.
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      View Details
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    697 Northland Blvd
    Cincinnati, OH 45240
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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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