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

    7421 Montgomery Rd Cincinnati, OH 45236-4188

    • Apartment buildings
    • 32,100 SF
    • 2.45 lot acres
    OFF-MARKET
    Last Sale
    Nov 29, 2021
    Value Estimations
    $2,975,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2205150
    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

    • Montgomery Plaza / Apartment Complex

    Property Details for 7421 Montgomery Rd

    Year built
    1962
    Lot size
    2.45 lot acres
    Property size
    32,100 SF
    Property type
    Apartment buildings
    APN
    602-0008-0192-00
    APU
    6020008019200

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,975,000
      6.5%
      $3,670,000
      7%
      $3,405,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $2,695,000
      Current use
      MEDICAL BUILDING
      $3,730,000
      Change: +38% Conversion: Moderate
      OFFICE BUILDING
      $3,405,000
      Change: +26% Conversion: Moderate
      RETAIL STORES
      $3,080,000
      Change: +14% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,840,000
      Change: +5% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $2,785,000
      Change: +3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.3968
    Latitude
    39.1945
    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
    $158,591
    $335,160
    $1,625,652
    $1,960,812
    -
    $957,600
    $4,644,720
    $5,602,320

    Comparable in this City

    • Value Estimation by Request
      10.91 Acres

      8568 Montgomery Rd

      APARTMENT HOUSE (5+ UNITS) • 10.91 Acres
      8568 Montgomery Rd, Cincinnati, OH 45236
      View Details
    • Value Estimation by Request
      4,599 SF

      9210 Deercross Pkwy

      APARTMENT HOUSE (5+ UNITS) • 4,599 SF
      9210 Deercross Pkwy, Blue Ash, OH 45236-4500
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    • Value Estimation by Request
      9.66 Acres

      5534 Galbraith Rd, Unit 5614

      APARTMENT HOUSE (5+ UNITS) • 9.66 Acres
      5534 Galbraith Rd, Cincinnati, OH 45236-2859
      View Details
    • Value Estimation
      $2,280,000
      41,760 SF

      4015 Estermarie Dr

      APARTMENT HOUSE (5+ UNITS) • 41,760 SF
      4015 Estermarie Dr, Cincinnati, OH 45236-1774
      View Details
    • Value Estimation
      $3,150,000
      53,952 SF

      7429 Montgomery Rd

      APARTMENT HOUSE (5+ UNITS) • 53,952 SF
      7429 Montgomery Rd, Cincinnati, OH 45236-4190
      View Details
    • Value Estimation by Request
      5.79 Acres

      6847 Stewart Rd

      APARTMENT HOUSE (5+ UNITS) • 5.79 Acres
      6847 Stewart Rd, Cincinnati, OH 45236-4100
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Silverton Mixed-Use Property for Sale

      Bar and apartment in resurgent Silverton neighborhood with I-71 access.
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      3,478 SF

      Retail Property in Cincinnati, OH

      Retail property with 3,478 square feet of space.
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      13 AC Land Overlooking I-71

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      7,500 SF

      Silverton TrueValue Hardware Sale

      Established Hardware Store, High Traffic Area
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      1,000 SF

      Silverton Commercial Space on Montgomery

      Commercial space with storefront, private bathroom, and office.
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    • $70,000
      Pending

      Residential Land in Springfield Twp.

      Land for single-family home in Sycamore Township.
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    Similar Nearby for Lease

    • $22 SF/Yr
      20,395 SF

      8044 Montgomery Rd

      Office space • 20,395 SF
      8044 Montgomery Rd, Cincinnati, OH 45236
      View Details
    • $20 SF/Yr
      47,162 SF

      Prime Cincinnati Executive Office Space

      Class A Office Suites, 867-20,634 sq ft.
      8044 Montgomery Rd, Cincinnati, OH 45236
      View Details
    • Contact for pricing
      30,000 SF

      Sycamore Executive Center II Offices

      Class A Office Suites in Kenwood
      8250-8300 Kenwood 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
    • $16 SF/Yr
      6,214 SF

      Kenwood Office Space for Lease

      3,174+/- SF Kenwood office space with private offices.
      8549 Montgomery Rd, Cincinnati, OH 45236
      View Details
    • Contact for pricing
      4,805 SF

      Galbraith Road Retail Center

      Cincinnati Retail Opportunity: 4,805 SF
      3912 Galbraith Rd, Cincinnati, OH 45236
      View Details
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    Cincinnati, OH 45236-4188
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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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