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

    7524 Vine St Cincinnati, OH 45216-1604

    • Automotive properties
    • 2,478 SF
    • 0.96 lot acres
    OFF-MARKET
    Last Sale
    Aug 05, 2024
    $650,000
    Value Estimations
    $650,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-0194390
    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

    • Alford Motors of Carthage / Car Dealership

    Property Details for 7524 Vine St

    Year built
    1965
    Lot size
    0.96 lot acres
    Property size
    2,478 SF
    Property type
    Automotive properties
    APN
    242-0002-0001-00
    APU
    2420002000100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $650,000
      ML approach
      $650,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $742,000
      Market price range: $164k - $743k
      AI Estimate
      $412,000
      Market price range: $104k - $431k

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.4751
    Latitude
    39.1997
    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
    $13,066
    $54,086
    $95,571
    $149,657
    -
    $154,530
    $273,060
    $427,590

    Comparable in this City

    • Value Estimation by Request
      1,134 SF

      7308 Vine St

      VEHICLE SALES, RENTALS • 1,134 SF
      7308 Vine St, Cincinnati, OH 45216
      View Details
    • Value Estimation by Request
      585 SF

      8 De Cp Ave

      VEHICLE SALES, RENTALS • 585 SF
      8 De Cp Ave, Cincinnati, OH 45216
      View Details
    • Value Estimation by Request
      0.39 Acres

      7447 Vine St

      VEHICLE SALES, RENTALS • 0.39 Acres
      7447 Vine St, Cincinnati, OH 45216
      View Details
    • Value Estimation by Request
      1,890 SF

      8214 Vine St

      VEHICLE SALES, RENTALS • 1,890 SF
      8214 Vine St, Cincinnati, OH 45216-1448
      View Details
    • Value Estimation
      $685,000
      0.27 Acres

      7717 Vine St

      VEHICLE SALES, RENTALS • 0.27 Acres
      7717 Vine St, Cincinnati, OH 45216
      View Details
    • Value Estimation by Request
      345 SF

      8131 Springfield Pike

      VEHICLE SALES, RENTALS • 345 SF
      8131 Springfield Pike, Cincinnati, OH 45216
      View Details

    Similar Nearby for Sale

    • $399,000
      1,350 SF

      Elmwood Place Restaurant Opportunity

      Remodeled restaurant building with frontage and ample parking.
      410 Walnut St, Elmwood Place, OH 45216
      View Details
    • $350,000
      5,625 SF

      Mixed-Use Building in Elmwood Place

      Mixed-use building with retail space and residential apartments.
      6019 Vine St, Elmwood Place, OH 45216
      View Details
    • Contact for pricing
      12,800 SF

      Retail Building in Elmwood Place

      Retail building with business zoning and rental income potential.
      6018 Vine St, Elmwood Place, OH 45216
      View Details
    • $225,000

      Multi-Unit Flex Building Investment

      Well-maintained flex building with income potential in Springfield Township.
      8201 Vine St, Cincinnati, OH 45216
      View Details
    • $145,000
      0.79 Acres

      Commercial Land in Cincinnati, OH

      Large fenced lot with building, suitable for multi-use.
      7119 Van Kirk Ave, Cincinnati, OH 45216
      View Details
    • New
      $175,000
      2,160 SF

      Cincinnati Multifamily Property For Sale

      Multifamily property in Cincinnati, Ohio, suitable for investment.
      118 North Bend Rd, Cincinnati, OH 45216
      View Details

    Similar Nearby for Lease

    • $5,500 /Mo
      1,488 SF

      Retail Space on Paddock Road

      Retail space available for lease in Cincinnati, Ohio.
      7329 Paddock Rd, Cincinnati, OH 45216
      View Details
    • Contact for pricing
      1,570 SF

      Downtown Cincinnati Retail Space

      Retail space in Cincinnati's Entertainment District, 1570 square feet.
      645 Walnut St, Cincinnati, OH 45216
      View Details
    • Contact for pricing
      33,000 SF

      Prime Cincinnati Office/Warehouse

      33,000 SF, flexible space available.
      148 Caldwell Dr, Cincinnati, OH 45216
      View Details
    • Contact for pricing
      61,635 SF

      Cincinnati Warehouse - 61,635 SF

      Modern Warehouse, 61,635 SF, Cincinnati
      5609 Center Hill Ave, Cincinnati, OH 45216
      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.
    7524 Vine St
    Cincinnati, OH 45216-1604
    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.