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

    779 Reynard Ave Cincinnati, OH 45231

    • Office buildings
    • 9,048 SF
    • 1.29 lot acres
    For Sale
    View listing
    $899,900
    Last Sale
    Mar 24, 2021
    $725,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-6277661
    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

    • Office buildings

    Property Details for 779 Reynard Ave

    Year built
    1988
    Lot size
    1.29 lot acres
    Property size
    9,048 SF
    Property type
    Office buildings
    APN
    590-0220-0254-00
    APU
    5900220025400

    Description

    This exceptional 9,048 square foot Class C office building, located at 779 Reynard Ave in Cincinnati, Ohio, presents a fantastic leasing opportunity. The property is situated in Hamilton County, conveniently located off Winton Road, offering easy access for employees and clients. The building features a traditional office layout, perfect for a variety of businesses. Currently, there is one space available, measuring 2,420 square feet, ideal for a growing company or a business seeking to relocate. The building's multiple tenancy structure provides a diverse and dynamic environment. The property's total square footage is 9,048 square feet, spread across a single building. The zip code is 45231. This is a prime opportunity to secure office space in a well-located and established building. The property's traditional office subtype ensures a classic and functional workspace. Further details regarding lease terms and conditions are available upon request. This property is perfect for businesses seeking a convenient and accessible location in Cincinnati. The building's size and layout offer flexibility for various business needs. Don't miss this chance to secure your ideal office space in a thriving Cincinnati neighborhood. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $635,000
      ML approach
      $610,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $960,000
      Current use
      MEDICAL BUILDING
      $1,050,000
      Change: +9% Conversion: Easy
      RETAIL STORES
      $870,000
      Change: -10% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $800,000
      Change: -17% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $785,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.5156
    Latitude
    39.224
    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
    $27,451
    $91,987
    $161,763
    $253,750
    -
    $262,820
    $462,180
    $725,000

    Comparable in this City

    • Value Estimation by Request
      2,356 SF

      8287 Winton Rd

      OFFICE BUILDING • 2,356 SF
      8287 Winton Rd, Cincinnati, OH 45231-5906
      View Details
    • Value Estimation
      $705,000
      3,590 SF

      8970 Winton Rd

      OFFICE BUILDING • 3,590 SF
      8970 Winton Rd, Cincinnati, OH 45231-3818
      View Details
    • Value Estimation
      $515,000
      7,134 SF

      7721 Hamilton Ave

      OFFICE BUILDING • 7,134 SF
      7721 Hamilton Ave, Cincinnati, OH 45231-3103
      View Details
    • Value Estimation by Request
      0.59 Acres

      11786 Hamilton Ave

      OFFICE BUILDING • 0.59 Acres
      11786 Hamilton Ave, Cincinnati, OH 45231-1129
      View Details
    • Value Estimation by Request
      825 SF

      8406 Winton Rd

      OFFICE BUILDING • 825 SF
      8406 Winton Rd, Cincinnati, OH 45231-5905
      View Details
    • Value Estimation by Request
      2,272 SF

      1437 Compton Rd

      OFFICE BUILDING • 2,272 SF
      1437 Compton Rd, Cincinnati, OH 45231-3530
      View Details

    Similar Nearby for Sale

    • $399,000
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    • New
      $899,900
      1.29 Acres

      Office Complex in Finneytown

      Office complex with development potential in a desirable location.
      779 Reynard Ave, Cincinnati, OH 45231
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    • $924,900

      Finneytown Office Complex Opportunity

      Office complex for sale in desirable Finneytown location.
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    • $440,000
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      Cincinnati Office Building - 5,529 SF

      Multi-tenant office building, great investment opportunity.
      793 Compton Rd, Cincinnati, OH 45231
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    • $129,000

      Corner Lot Ideal for Development

      Prime corner location suitable for retail, office, or strip mall.
      2700 Compton Rd, Cincinnati, OH 45231
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    • $399,000

      Office Building with Development Potential

      Office building with multiple spaces and expansion possibilities in Springfield.
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    Similar Nearby for Lease

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      New Dollar General Plus Store

      New 10,640 SF Dollar General Plus store in Cincinnati.
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      9,180 SF

      Retail Space in Mount Healthy

      Former Family Dollar in Hilltop Plaza, Mount Healthy.
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      Retail Space in Dillonvale Center

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      View Details
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    Cincinnati, OH 45231
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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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