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

    7202 Montgomery Rd Cincinnati, OH 45236

    • Retail space
    • 2,238 SF
    • 0.21 lot acres
    For Sale
    View listing
    $500,000
    Last Sale
    Sep 03, 2020
    $154,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1266407
    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 space

    Property Details for 7202 Montgomery Rd

    Year built
    1950
    Lot size
    0.21 lot acres
    Property size
    2,238 SF
    Property type
    Retail space
    APN
    602-0002-0231-00
    APU
    6020002023100

    Description

    This exceptional 2,250-square-foot flex space, located at 7202 Montgomery Road in Cincinnati, Ohio, presents a unique owner-user opportunity. Situated on a 0.21-acre lot in the heart of Silverton, this single-story, Class B building boasts a prime location at the corner of Montgomery and Alpine Roads, experiencing high daily traffic volume exceeding 12,000 vehicles. Built in 1950 and extensively renovated in 2020, the property features one building with twelve parking spaces, one loading dock, and one dock-high door. The interior offers a versatile layout combining warehouse and office space, with a ceiling height of nine feet. The property is zoned C-1 (Neighborhood Commercial), making it suitable for a variety of uses, including contracting and retail businesses. The net rentable area is 2,250 square feet, and the property includes all necessary amenities for a smooth operation. This is an excellent opportunity to acquire a well-maintained, strategically located commercial property in a thriving Cincinnati neighborhood. The Hamilton County location and convenient access to major roadways make this an attractive investment for owner-occupants seeking a blend of warehouse and office space. The asking price is $500,000. APN: 602-0002-0231-00.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $145,000
      ML approach
      $155,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $172,000
      Market price range: $114k - $347k
      AI Estimate
      $184,000
      Market price range: $127k - $332k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $215,000
      Current use
      OFFICE BUILDING
      $240,000
      Change: +11% Conversion: Easy
      COMMERCIAL (GENERAL)
      $200,000
      Change: -8% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $195,000
      Change: -10% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.4015
    Latitude
    39.1929
    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
    $4,592
    $20,044
    $33,855
    $53,899
    -
    $57,270
    $96,730
    $154,000

    Comparable in this City

    • Value Estimation by Request
      0.68 Acres

      7715 Montgomery Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.68 Acres
      7715 Montgomery Rd, Cincinnati, OH 45236-4201
      View Details
    • Value Estimation
      $245,000
      0.14 Acres

      6843 Alpine Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.14 Acres
      6843 Alpine Ave, Cincinnati, OH 45236
      View Details
    • Value Estimation
      $245,000
      0.03 Acres

      Plainfield Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.03 Acres
      Plainfield Rd, Cincinnati, OH 45236
      View Details
    • Value Estimation
      $245,000
      0.03 Acres

      Plainfield Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.03 Acres
      Plainfield Rd, Cincinnati, OH 45236
      View Details
    • Value Estimation by Request
      2,170 SF

      7896 Montgomery Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,170 SF
      7896 Montgomery Rd, Cincinnati, OH 45236-4301
      View Details
    • Value Estimation
      $350,000
      3,600 SF

      4171 Hunt Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,600 SF
      4171 Hunt Rd, Blue Ash, OH 45236-1158
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,500 SF

      Silverton TrueValue Hardware Sale

      Established Hardware Store, High Traffic Area
      7144 Montgomery Rd, Cincinnati, OH 45236
      View Details
    • Contact for pricing
      1,000 SF

      Silverton Commercial Space on Montgomery

      Commercial space with storefront, private bathroom, and office.
      7049 Montgomery Rd, Cincinnati, OH 45236
      View Details
    • Contact for pricing
      2,118 SF

      Silverton Office/Retail Space Available

      2,118 SF office/retail space in Silverton neighborhood.
      7202 Montgomery Rd, Cincinnati, OH 45236
      View Details
    • Contact for pricing
      7,503 SF

      Hardware Store in Silverton Heart

      7,503 SF corner hardware store in resurgent Silverton neighborhood.
      7144 Montgomery Rd, Cincinnati, OH 45236
      View Details
    • Contact for pricing
      3,478 SF

      Retail Property in Cincinnati, OH

      Retail property with 3,478 square feet of space.
      8000-8006 Blue Ash Rd, Cincinnati, OH 45236
      View Details
    • 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

    Similar Nearby for Lease

    • $25 SF/Yr
      83 SF

      Retail Space in Kenwood Corridor

      Retail space available in busy Kenwood retail corridor.
      8118 Montgomery Rd, Cincinnati, OH 45236
      View Details
    • $12 SF/Yr
      20,600 SF

      Kenwood Retail/Office Space Available

      Strategically located mixed-use building in Kenwood, high visibility and accessibility.
      8170 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
    • $14 SF/Yr
      14,036 SF

      Blue Ash Retail/Office Space

      Prime Blue Ash location with customizable retail/office suites available.
      9280 Plainfield Rd, Cincinnati, OH 45236
      View Details
    • $30 SF/Yr
      1,415 SF

      Retail Space in Kenwood Market

      Retail space available in an active Cincinnati retail center.
      7322-7400 Montgomery Rd, Cincinnati, OH 45236
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space in Kenwood Corridor

      Retail spaces available in a high-traffic shopping center.
      7862 Montgomery Rd, Cincinnati, OH 45236
      View Details
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    Cincinnati, OH 45236
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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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