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

    8717 Flds Ertel Rd Cincinnati, OH 45249-8258

    • Apartment buildings
    • 9,744 SF
    • 13.93 lot acres
    OFF-MARKET
    Value Estimations
    $960,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2133442
    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

    • Apartment buildings

    Property Details for 8717 Flds Ertel Rd

    Year built
    1984
    Lot size
    13.93 lot acres
    Property size
    9,744 SF
    Property type
    Apartment buildings
    APN
    620-0202-0036-00
    APU
    6200202003600

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,205,000
      6.5%
      $1,115,000
      7%
      $1,035,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $820,000
      Current use
      MEDICAL BUILDING
      $1,130,000
      Change: +38% Conversion: Moderate
      OFFICE BUILDING
      $1,035,000
      Change: +26% Conversion: Moderate
      RETAIL STORES
      $935,000
      Change: +14% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $860,000
      Change: +5% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $845,000
      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
    -84.3217
    Latitude
    39.2913
    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
    $473,464
    $612,920
    $5,571,804
    $6,184,724
    -
    $1,751,200
    $15,919,440
    $17,670,640

    Comparable in this City

    • Value Estimation by Request
      28.73 Acres

      8075 Somerset Chase

      APARTMENT HOUSE (5+ UNITS) • 28.73 Acres
      8075 Somerset Chase, Cincinnati, OH 45249-1587
      View Details
    • Value Estimation
      $745,000
      7,459 SF

      12000 Mason Way Ct

      APARTMENT HOUSE (5+ UNITS) • 7,459 SF
      12000 Mason Way Ct, Cincinnati, OH 45249-2800
      View Details
    • Value Estimation by Request
      2,173 SF

      Flds Ertel Rd

      APARTMENT HOUSE (5+ UNITS) • 2,173 SF
      Flds Ertel Rd, Cincinnati, OH 45249
      View Details
    • Value Estimation
      $670,000
      6,501 SF

      8075 Somerset Chase

      APARTMENT HOUSE (5+ UNITS) • 6,501 SF
      8075 Somerset Chase, Cincinnati, OH 45249-1587
      View Details
    • Value Estimation by Request
      29.31 Acres

      11513 Vlg Brk Dr

      APARTMENT HOUSE (5+ UNITS) • 29.31 Acres
      11513 Vlg Brk Dr, Cincinnati, OH 45249-2042
      View Details
    • Value Estimation
      $1,000,000
      2.94 Acres

      7488 Kemper Rd

      MOBILE HOME PARK, TRAILER PARK • 2.94 Acres
      7488 Kemper Rd, Cincinnati, OH 45249-1637
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,000 SF

      Office Space in Cincinnati, OH

      Office property with 11,000 square feet of space.
      11867-11877 Mason Montgomery Rd, Cincinnati, OH 45249
      View Details
    • $875,000

      Multifamily Development Opportunity in Cincinnati

      3.6-acre site with entitlements for 20-unit townhouse development.
      11720 Snider Rd, Cincinnati, OH 45249
      View Details
    • $399,000

      Land Near Kemper Road

      Commercial land with proximity to amenities and major thoroughfares.
      11746-11758 Conrey Rd, Cincinnati, OH 45249
      View Details
    • $140,000
      1.43 Acres

      Land in Symmes Township, OH

      1.426 acres in Symmes Township, ready to build.
      12102 Paulmeadows Dr, Cincinnati, OH 45249
      View Details
    • $3,983,000
      8,200 SF

      11363 Montgomery Rd

      Restaurants • 8,200 SF
      11363 Montgomery Rd, Cincinnati, OH 45249
      View Details
    • $1,990,000
      9,952 SF

      Freestanding Retail Building Near I-71

      Highly visible retail building near I-71 in a strong corridor.
      12090 Mason Montgomery Rd, Cincinnati, OH 45249
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      17,220 SF

      Executive Office Suites, Cincinnati

      Prime Office Space: 8,930 SF Available
      0 Kemper Rd, Cincinnati, OH 45249
      View Details
    • Contact for pricing
      1,920 SF

      Regional Power Center Retail Space

      Retail space in regional power center anchored by major retailers.
      9859 Waterstone Blvd, Cincinnati, OH 45249
      View Details
    • $14 SF/Yr
      100,000 SF

      Kemper Pointe Executive Offices

      Prime Cincinnati Office Space Available
      7870 Kemper Rd, Cincinnati, OH 45249
      View Details
    • $22 SF/Yr
      49,739 SF

      Retail Space in Cincinnati, OH

      Retail space available in shopping center anchored by Fresh Thyme.
      11309-11359 Montgomery Rd, Cincinnati, OH 45249
      View Details
    • $13 SF/Yr
      177,033 SF

      One Northlake Place Office Suites

      Cincinnati Office Space: 4,050 - 18,139 SF
      11500 Northlake Dr, Cincinnati, OH 45249
      View Details
    • Contact for pricing
      5,500 SF

      Retail Outlot with Drive-Thru

      Retail space with drive-thru, convenient location, and high visibility.
      7939 E Kemper Rd, Cincinnati, OH 45249
      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.
    8717 Flds Ertel Rd
    Cincinnati, OH 45249-8258
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.