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

    7843 Perry St Cincinnati, OH 45231

    • Parking lots & garages
    • 1,395 SF
    • 0.16 lot acres
    OFF-MARKET
    Last Sale
    Jan 23, 2023
    $528,530
    Value Estimations
    $535,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2455253
    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

    • Public Parking / Public Parking Space

    Property Details for 7843 Perry St

    Year built
    1913
    Lot size
    0.16 lot acres
    Property size
    1,395 SF
    Property type
    Parking lots & garages
    APN
    593-0004-0052-00
    APU
    5930004005200

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $545,000
      ML approach
      $545,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.547
    Latitude
    39.2355
    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
    $1,094
    $10,392
    $2,632
    $13,024
    -
    $29,690
    $7,520
    $37,210

    Comparable in this City

    • Value Estimation by Request

      850 Southmeadow Cir, Unit 28-G1

      RESIDENTIAL PARKING GARAGE
      850 Southmeadow Cir, Cincinnati, OH 45231-6111
      View Details
    • Value Estimation by Request

      722 Castlegate Ln, Unit 21-G2

      RESIDENTIAL PARKING GARAGE
      722 Castlegate Ln, Cincinnati, OH 45231-7000
      View Details
    • Value Estimation by Request

      722 Castlegate Ln, Unit 21-G4

      RESIDENTIAL PARKING GARAGE
      722 Castlegate Ln, Cincinnati, OH 45231-7000
      View Details
    • Value Estimation by Request

      720 Castlegate Ln, Unit 21-G5

      RESIDENTIAL PARKING GARAGE
      720 Castlegate Ln, Cincinnati, OH 45231-7001
      View Details
    • Value Estimation by Request

      7845 Ramble Vw2-g3

      RESIDENTIAL PARKING GARAGE
      7845 Ramble Vw2-g3, Cincinnati, OH 45231-6068
      View Details
    • Value Estimation by Request

      7841 Gapstow Brg13-g6

      RESIDENTIAL PARKING GARAGE
      7841 Gapstow Brg13-g6, Cincinnati, OH 45231-6060
      View Details

    Similar Nearby for Sale

    • $1,075,000
      7,102 SF

      NNN Investment Opportunity in Finneytown

      Two-tenant NNN investment property in a high-traffic retail corridor.
      913 West Galbraith Rd, 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
    • $470,000
      2,880 SF

      Retail Property on Galbraith Road

      Retail property with high visibility and strong community ties.
      1831 W Galbraith Rd, Cincinnati, OH 45231
      View Details
    • $2,800,000
      3,791 SF

      NNN Leased Restaurant Investment Opportunity

      Long-term NNN lease with attractive escalations in high-traffic location.
      9301 Winton Rd, Cincinnati, OH 45231
      View Details
    • Contact for pricing
      6,488 SF

      Retail Space on Hempstead Drive

      Well-maintained retail space with high visibility and ample parking.
      916 Hempstead Dr, Cincinnati, OH 45231
      View Details

    Similar Nearby for Lease

    • $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
    • Contact for pricing
      2,700 SF

      Retail Space in Kroger-Anchored Center

      Easily accessible retail space in Cincinnati, OH.
      8449-8555 Winton Rd, Cincinnati, OH 45231
      View Details
    • Contact for pricing
      3,222 SF

      Eastgate Retail Space Available

      Retail space in desirable Eastgate retail corridor for lease.
      861 Eastgate Dr S, Cincinnati, OH 45231
      View Details
    • $14 SF/Yr
      4,749 SF

      Retail Space Near Jungle Jim's

      Retail property for lease in front of Jungle Jim's.
      775 Eastgate Dr S, 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.
    7843 Perry St
    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.