Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7344 Hamilton Ave Cincinnati, OH 45231

    • Medical offices
    • 2,955 SF
    • 0.21 lot acres
    For Lease
    View listing
    $19 SF/Yr
    Last Sale
    Dec 04, 2024
    $200,000
    Value Estimations
    $235,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1125785
    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

    • The Center for Foot Care / Podiatrist
    • Kristin Titko / Podiatrist / Practitioner Service Location

    Property Details for 7344 Hamilton Ave

    Year built
    1965
    Lot size
    0.21 lot acres
    Property size
    2,955 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    593-0007-0022-00
    APU
    5930007002200

    Description

    This exceptional 800-square-foot medical office space is ideally situated at 7344 Hamilton Avenue, offering tremendous visibility due to its corner location with frontage on Madison Avenue. The property, part of a larger 2,955-square-foot building, boasts a convenient grade-level entry from the front surface parking lot. The building itself is a single-story, Class B structure built in 1965 and extensively renovated in 2020. The suite is one of two within the building, and is immediately available. The entire building sits on a 3.3-acre lot, zoned CBD (Central Business District) in Hamilton County (APN: 593-0007-0022-00). Large monument signage is available for enhanced advertising opportunities. The space is perfect for a variety of medical practices seeking a well-maintained, highly visible location. The monthly asking rent is $1,325, plus utilities. The minimum divisible space is 800 square feet, and the maximum contiguous space available is also 800 square feet. This presents a unique opportunity for a medical professional seeking a prominent location with excellent accessibility. Don't miss this chance to establish your practice in a thriving area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $213,000
      Market price range: $214k - $546k
      AI Estimate
      $161,000
      Market price range: $161k - $473k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $345,000
      Current use
      OFFICE BUILDING
      $315,000
      Change: -9% Conversion: Easy
      RETAIL STORES
      $285,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.5481
    Latitude
    39.229
    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
    $4,311
    $12,278
    $39,550
    $51,828
    -
    $35,080
    $113,000
    $148,080

    Comparable in this City

    • Value Estimation
      $275,000
      2,902 SF

      944 Hempstead Dr

      MEDICAL BUILDING • 2,902 SF
      944 Hempstead Dr, Cincinnati, OH 45231-5914
      View Details
    • Value Estimation
      $295,000
      1,240 SF

      9294 Winton Rd

      MEDICAL BUILDING • 1,240 SF
      9294 Winton Rd, Cincinnati, OH 45231-3936
      View Details
    • Value Estimation
      $250,000
      0.10 Acres

      Winton Rd

      MEDICAL BUILDING • 0.10 Acres
      Winton Rd, Cincinnati, OH 45231
      View Details
    • Value Estimation
      $310,000
      2,784 SF

      8474 Winton Rd

      MEDICAL BUILDING • 2,784 SF
      8474 Winton Rd, Cincinnati, OH 45231-4939
      View Details
    • Value Estimation
      $350,000
      1.14 Acres

      Affinity Pl

      MEDICAL BUILDING • 1.14 Acres
      Affinity Pl, Cincinnati, OH 45231
      View Details
    • Value Estimation
      $245,000
      3,328 SF

      7712 Hamilton Ave

      MEDICAL BUILDING • 3,328 SF
      7712 Hamilton Ave, Cincinnati, OH 45231-3104
      View Details

    Similar Nearby for Sale

    • $440,000
      5,529 SF

      Cincinnati Office Building - 5,529 SF

      Multi-tenant office building, great investment opportunity.
      793 Compton Rd, Cincinnati, OH 45231
      View Details
    • $399,000
      5,529 SF

      Office Building with Development Potential

      5529 SF office building on almost 1 acre lot.
      793 Compton Rd, Cincinnati, OH 45231
      View Details
    • $924,900
      1.29 Acres

      Office Complex in Finneytown

      Office complex in desirable Finneytown location with development potential.
      779 Reynard Ave, Cincinnati, OH 45231
      View Details
    • Contact for pricing

      Land on Hamilton Avenue

      Commercial land with high visibility and interstate access.
      11709 Hamilton Ave, Cincinnati, OH 45231
      View Details
    • $425,000
      4,414 SF

      Urban Farm and Brewery Opportunity

      Brewery and urban farm on 1.383 acres for sale.
      1445-1451 Compton Rd, Cincinnati, OH 45231
      View Details
    • $750,000
      2,924 SF

      Freestanding Restaurant Opportunity in Cincinnati

      Turnkey restaurant/bar opportunity with fixtures, furniture, and equipment included.
      8021 Hamilton Ave, Cincinnati, OH 45231
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      2,955 SF

      Hamilton Avenue Medical Office Space

      800 SF Medical Office Suite Available
      7344 Hamilton Ave, Cincinnati, OH 45231
      View Details
    • $13 SF/Yr
      2,568 SF

      Office Space in Springfield Township

      Office spaces for lease with excellent highway access and parking.
      11430-11440 Hamilton Ave, Cincinnati, OH 45231
      View Details
    • $21 SF/Yr
      18,191 SF

      Kenwood Office Space For Rent

      Class A+ office space in Cincinnati's Kenwood submarket.
      5905 E Galbraith Rd, Cincinnati, OH 45231
      View Details
    • $2,118,364

      New Dollar General Plus Store

      New 10,640 SF Dollar General Plus store in Cincinnati.
      10797 Hamilton Ave, Cincinnati, OH 45231
      View Details
    • Contact for pricing
      9,180 SF

      Retail Space in Mount Healthy

      Former Family Dollar in Hilltop Plaza, Mount Healthy.
      8050 Hamilton Ave, Cincinnati, OH 45231
      View Details
    • Contact for pricing
      2,637 SF

      Retail Space in Dillonvale Center

      Grocery-anchored neighborhood center with essential retail and service businesses.
      3912-4000 E Galbraith Rd, Cincinnati, OH 45231
      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.
    7344 Hamilton Ave
    Cincinnati, OH 45231
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.