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    762 Straight St Cincinnati, OH 45214

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    762 Straight St Cincinnati, OH 45214

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    • Commercial real estate
    • 0.21 lot acres
    Off-Market
    Property ID
    US66-2476128
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 762 Straight St

    Lot size
    0.21 lot acres
    Property type
    Commercial real estate
    APN
    098-0002-0043-00

    Description

    This exceptional 0.212-acre residential land parcel, located at 762 Straight Street in Cincinnati, Ohio (45214), presents a remarkable development opportunity. The property, identified by APN 098-0002-0043-00, is zoned RM-2.0, offering flexibility for various residential projects. Its strategic location places it in close proximity to the University of Cincinnati (UC), major hospitals, the vibrant downtown core, Over-the-Rhine (OTR), and Cincinnati State Technical and Community College, ensuring high demand and potential for strong returns. A significant advantage is the existing 30-year tax increment financing (TIF) abatement program, initiated in 2003 and extending through 2032, as confirmed by the Hamilton County Auditor. This abatement significantly reduces property taxes, making this land even more attractive for investors and developers. The property is situated within the Hillside District of Cincinnati. Further details regarding the tax and TIF abatement programs can be obtained by contacting the City of Cincinnati. This is a rare chance to acquire a well-positioned lot in a rapidly developing area of Cincinnati. The asking price for this exceptional property is $35,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.5296369
    Latitude
    39.130539

    Comparable in this City

    • $434,000
      Pending

      West End Duplex on Double Lot

      Charming duplex with yard, parking, and income potential.
      1114 York St, Cincinnati, OH 45214
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    • $230,000
      4,600 SF

      Mohawk Bellevue Historic District Opportunity

      Four-story, 4,600 sq ft historic building with development potential.
      454 W Mcmicken Ave, Cincinnati, OH 45214
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    • $575,000

      Value-Add Multifamily Investment Opportunity

      Multifamily property with income and value-add potential near downtown.
      1610 Queen City Ave, Cincinnati, OH 45214
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    • $260,000
      2,958 SF

      West End Duplex Opportunity

      Duplex in Cincinnati's West End, move-in ready with rental potential.
      2129 Colerain Ave, Cincinnati, OH 45214
      View Details
    • $358,000
      2,970 SF

      Over-the-Rhine Multi-Family Opportunity

      Multi-level property with income potential and value-add opportunity.
      308 W Mcmicken Ave, Cincinnati, OH 45214
      View Details
    • $389,000
      2,490 SF

      Renovated Duplex Near Downtown Cincinnati

      Recently renovated duplex with strong cash flow in prime location.
      462 Dayton St, Cincinnati, OH 45214
      View Details

    Similar Nearby for Sale

    • $434,000
      Pending

      West End Duplex on Double Lot

      Charming duplex with yard, parking, and income potential.
      1114 York St, Cincinnati, OH 45214
      View Details
    • $230,000
      4,600 SF

      Mohawk Bellevue Historic District Opportunity

      Four-story, 4,600 sq ft historic building with development potential.
      454 W Mcmicken Ave, Cincinnati, OH 45214
      View Details
    • $575,000

      Value-Add Multifamily Investment Opportunity

      Multifamily property with income and value-add potential near downtown.
      1610 Queen City Ave, Cincinnati, OH 45214
      View Details
    • $260,000
      2,958 SF

      West End Duplex Opportunity

      Duplex in Cincinnati's West End, move-in ready with rental potential.
      2129 Colerain Ave, Cincinnati, OH 45214
      View Details
    • $358,000
      2,970 SF

      Over-the-Rhine Multi-Family Opportunity

      Multi-level property with income potential and value-add opportunity.
      308 W Mcmicken Ave, Cincinnati, OH 45214
      View Details
    • $389,000
      2,490 SF

      Renovated Duplex Near Downtown Cincinnati

      Recently renovated duplex with strong cash flow in prime location.
      462 Dayton St, Cincinnati, OH 45214
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      72,110 SF

      Cincinnati Warehouse and Manufacturing Space

      Warehouse, distribution, and light manufacturing space near downtown Cincinnati.
      1518 Dalton Ave, Cincinnati, OH 45214
      View Details
    • Contact for pricing
      25,000 SF

      Industrial Space with Freight Elevator

      10,000 SF industrial space available for lease.
      2733 Colerain Ave, Cincinnati, OH 45214
      View Details
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    762 Straight St
    Cincinnati, OH 45214
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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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    762 Straight St, Cincinnati, OH, 45214

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