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    7162 Reading Rd Cincinnati, OH 45237-3838
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    Property profile & analytics

    7162 Reading Rd, Cincinnati, OH 45237-3838

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    • Office buildings
    • 154,752 SF
    • 4.84 lot acres
    Off-Market
    Last Sale Jun 3, 2025
    $3,038,500
    Property ID
    US66-1906087
    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
    $4,505,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pro Seniors Inc / Social Service Agency / Charitable Organization
    • Purcell Taylor, LPCC / Counselor / Doctor
    • Angelic Natnl Health Care Inc / Employment Agency
    • Catholic Charities Southwestern Ohio / Charitable Organization / Social Service Agency
    • A & M Placement Services / Medical Clinic

    Property Details for 7162 Reading Rd

    Year built
    1970
    Lot size
    4.84 lot acres
    Property type
    Office buildings
    APN
    117-0017-0010-00
    APU
    1170017001000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 3, 2025 $3,038,500 Tower Ventures Opp LLC Reading Investments LLC Warranty Deed —
    Nov 20, 2023 — Reading Investments LLC — Deed · related $1.3M · Central Bank & Trust Co
    Jun 23, 2022 — State Of Ohio Reading Investments LLC Lease —
    Oct 20, 2020 — Barrow Outlot LLC — Deed Of Trust · related $206k · Central Bk
    Dec 30, 2019 — Reading Investments LLC — Deed · related $300k · Central Bank & Trust Co
    Sep 9, 2016 — Reading Investments LLC — Deed · related $3.1M · Central Bk
    Dec 4, 2014 — Reading Investments LLC — Grant Deed · related $2.2M · Bank Of Ky
    Dec 13, 1999 — Reading Investments LLC A & T Partnership Quit Claim Deed · related —
    — — Reading Investments LLC — Deed Of Trust · related $975k · Bank Of Ky
    — — Redwing Invs LLC — Deed Of Trust · related $300k · Central Bk
    — — Reading Investments LLC — Deed Of Trust · related $3.1M · Central Bk

    Description

    Midpointe Tower, located at 7162 Reading Road in Cincinnati, Ohio (zip code 45237), presents a unique opportunity for businesses seeking executive office space. This Class C, 20,000 square foot high-rise building offers flexible lease options, with the entire 20,000 square feet currently available. The building underwent a complete renovation in 2018, ensuring modern amenities and a refreshed aesthetic. The property is ideally situated in Hamilton County's Roselawn neighborhood, providing convenient access to major transportation arteries, including Interstates 75 and 71. This prime location offers excellent visibility and accessibility for employees and clients alike. The multiple tenancy structure allows for customization to suit various business needs, ranging from small executive suites to larger office spaces. The building's total square footage is 20,000 square feet, all of which is currently vacant and ready for immediate occupancy. This presents a rare chance to secure a substantial amount of office space in a desirable location. Interested parties are encouraged to inquire about lease terms and available configurations.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,575,000
      Market price range: $3.45M - $16.2M

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.4611
    Latitude
    39.1915
    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
    $97,280
    $213,118
    $968,702
    $1,181,820
    -
    $608,910
    $2,767,720
    $3,376,630

    Comparable in this City

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      1701 Mercy Health Pl

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    • Value Estimation
      $4,520,000
      60,438 SF

      7732 Reading Rd

      OFFICE BUILDING (MULTI-STORY)
      7732 Reading Rd, Cincinnati, OH 45237
      View Details

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    • Contact for pricing

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      Industrial Building Near Major Highways

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      Renovated Fourplex in Golf Manor

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      2,706 SF

      Renovated Roselawn Quadplex For Sale

      Fully renovated Roselawn quadplex with immediate income potential.
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    Similar Nearby for Lease

    • Contact for pricing
      3,933 SF

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      3,933 SF office space with furniture, abundant parking.
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      View Details
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      New Endcap Space on Reading

      New construction retail/office space available on Reading Road.
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      View Details
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      Reinhold Drive Warehouse Space

      Warehouse space available for lease in Cincinnati, OH.
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      Retail Space in Golf Manor

      960 SF retail space in a busy strip center.
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      View Details
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    Cincinnati, OH 45237-3838
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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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