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

    7128 Montgomery Rd Cincinnati, OH 45236-3841

    • Retail residential properties
    • 9,749 SF
    • 0.13 lot acres
    OFF-MARKET
    Last Sale
    Apr 18, 2024
    $100,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-0829263
    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

    • Retail residential properties

    Property Details for 7128 Montgomery Rd

    Year built
    1926
    Lot size
    0.13 lot acres
    Property size
    9,749 SF
    Property type
    Retail residential properties
    APN
    602-0002-0200-00
    APU
    6020002020000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.4025
    Latitude
    39.1925
    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
    $2,019
    $17,458
    $7,389
    $24,847
    -
    $49,880
    $21,110
    $70,990

    Comparable in this City

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      6,578 SF

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      4,891 SF

      8450 Blue Ash Rd

      STORES & APARTMENTS • 4,891 SF
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      3,388 SF

      8112 Blue Ash Rd

      STORES & APARTMENTS • 3,388 SF
      8112 Blue Ash Rd, Cincinnati, OH 45236-2606
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      4,400 SF

      4122 Galbraith Rd

      STORES & APARTMENTS • 4,400 SF
      4122 Galbraith Rd, Cincinnati, OH 45236-2418
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      2,040 SF

      7012 Plainfield Rd

      STORES & APARTMENTS • 2,040 SF
      7012 Plainfield Rd, Cincinnati, OH 45236-3736
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    • Value Estimation by Request
      2,300 SF

      7150 Blue Ash Rd

      STORES & APARTMENTS • 2,300 SF
      7150 Blue Ash Rd, Cincinnati, OH 45236-3722
      View Details

    Similar Nearby for Sale

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      Silverton Flex Space - $500K

      2,250 SF Flex Warehouse, High Traffic
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      2,118 SF

      Silverton Office/Retail Space Available

      2,118 SF office/retail space in Silverton neighborhood.
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      Land Available For Sale

      2 to 5 acre land suitable for office or industrial.
      8605 Ridge Rd, Cincinnati, OH 45236
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    • $2,500,000
      8,950 SF

      Cincinnati Office Building For Sale

      Office building with 8,950 square feet of space.
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      7,500 SF

      Silverton TrueValue Hardware Sale

      Established Hardware Store, High Traffic Area
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    Similar Nearby for Lease

    • $12 SF/Yr
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      Kenwood Retail Space For Lease

      Prime Kenwood location, multiple suites available
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      460,893 SF

      Kenwood Square Retail Spaces

      Cincinnati Retail, Multiple Units Available
      7800 Montgomery Rd, Cincinnati, OH 45236
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    • $25 SF/Yr
      83 SF

      Retail Space in Kenwood Corridor

      Retail space available in busy Kenwood retail corridor.
      8118 Montgomery Rd, Cincinnati, OH 45236
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      2,400 SF

      New Office/Medical Space Available

      New office/medical space for rent in Kenwood market.
      8250 Kenwood Rd, Cincinnati, OH 45236
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      2,245 SF

      Kenwood Commons Office Space Available

      Office space for lease in Kenwood with I-71 access.
      8280 Montgomery Rd, Cincinnati, OH 45236
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      2,134 SF

      Suburban Office Space For Rent

      Suburban office space near I-71 and Kenwood Towne Center.
      7265 Kenwood Rd, Cincinnati, OH 45236
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    7128 Montgomery Rd
    Cincinnati, OH 45236-3841
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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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