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

    8740 Montgomery Rd Cincinnati, OH 45236

    • Strip malls
    • 2,488 SF
    • 3.34 lot acres
    For Lease
    View listing
    $20 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1732218
    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

    • Easterseals Serving Greater Cincinnati - Adult Day Services / Social Services Organization
    • Pure Concept Salon + Spa / Hair Salon / Spa
    • Eddie Lane's Diamond Showroom / Jeweler / Diamond Dealer
    • The Red Poppy / Home Goods Store
    • MyEyeDr. / Contact Lenses Supplier / Eye Care Center

    Property Details for 8740 Montgomery Rd

    Year built
    1989
    Lot size
    3.34 lot acres
    Property size
    2,488 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    600-0060-0012-00
    APU
    6000060001200

    Description

    Montgomery Point Plaza, located at 8740 Montgomery Road in Cincinnati, Ohio (zip code 45236), offers exceptional retail opportunities within the coveted Kenwood market. This multi-tenant commercial property boasts a total of 86,000 square feet, with 11,675 square feet currently vacant and available for lease. Individual spaces range from a minimum of 5,296 square feet to a maximum contiguous space of 6,379 square feet, providing flexibility for various business needs. The property benefits from excellent visibility and signage opportunities along the heavily trafficked Montgomery Road, ensuring high exposure for tenants. Situated in Hamilton County, this prime location offers easy access to a dense population base and significant consumer traffic. The property is classified as retail commercial space and presents a unique chance to establish or expand a business in a thriving Cincinnati market. Interested parties should inquire about lease terms and availability for the vacant space. The property's address is easily accessible via major roadways, providing convenient access for both customers and employees.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.359
    Latitude
    39.2136
    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
    $82,207
    $505,596
    $1,049,804
    $1,555,400
    -
    $1,444,560
    $2,999,440
    $4,444,000

    Comparable in this City

    • Value Estimation
      $2,530,000
      24,914 SF

      7565 Kenwood Rd

      SHOPPING CENTER, STRIP CENTER • 24,914 SF
      7565 Kenwood Rd, Cincinnati, OH 45236-2800
      View Details
    • Value Estimation
      $1,495,000
      24,924 SF

      8080 Montgomery Rd

      SHOPPING CENTER, STRIP CENTER • 24,924 SF
      8080 Montgomery Rd, Cincinnati, OH 45236-2903
      View Details
    • Value Estimation
      $1,490,000
      14,372 SF

      7310 Kenwood Rd

      SHOPPING CENTER, STRIP CENTER • 14,372 SF
      7310 Kenwood Rd, Cincinnati, OH 45236
      View Details
    • Value Estimation by Request
      1.63 Acres

      6930 Montgomery Rd

      SHOPPING CENTER, STRIP CENTER • 1.63 Acres
      6930 Montgomery Rd, Cincinnati, OH 45236-3821
      View Details
    • Value Estimation by Request
      3.94 Acres

      7700 Montgomery Rd

      SHOPPING CENTER, STRIP CENTER • 3.94 Acres
      7700 Montgomery Rd, Cincinnati, OH 45236
      View Details
    • Value Estimation by Request
      0.31 Acres

      7428 Montgomery Rd

      SHOPPING CENTER, STRIP CENTER • 0.31 Acres
      7428 Montgomery Rd, Cincinnati, OH 45236-4159
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,500 SF

      Silverton TrueValue Hardware Sale

      Established Hardware Store, High Traffic Area
      7144 Montgomery Rd, Cincinnati, OH 45236
      View Details
    • Contact for pricing
      3,478 SF

      Retail Property in Cincinnati, OH

      Retail property with 3,478 square feet of space.
      8000-8006 Blue Ash Rd, Cincinnati, OH 45236
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    • Contact for pricing
      1,000 SF

      Silverton Commercial Space on Montgomery

      Commercial space with storefront, private bathroom, and office.
      7049 Montgomery Rd, Cincinnati, OH 45236
      View Details
    • Contact for pricing

      Silverton Mixed-Use Property for Sale

      Bar and apartment in resurgent Silverton neighborhood with I-71 access.
      7208 Montgomery Rd, Cincinnati, OH 45236
      View Details
    • Contact for pricing
      7,503 SF

      Hardware Store in Silverton Heart

      7,503 SF corner hardware store in resurgent Silverton neighborhood.
      7144 Montgomery Rd, Cincinnati, OH 45236
      View Details
    • $500,000
      2,250 SF

      Silverton Flex Space - $500K

      2,250 SF Flex Warehouse, High Traffic
      7202 Montgomery Rd, Cincinnati, OH 45236
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,000 SF

      Retail Space in Kenwood Square

      460,893 SF retail property in Cincinnati's Kenwood retail corridor.
      7800-7896 Montgomery Rd, Cincinnati, OH 45236
      View Details
    • Contact for pricing
      2,394 SF

      Retail Space in Kenwood Corridor

      Retail spaces available in a high-traffic shopping center.
      7896 Montgomery Rd, Cincinnati, OH 45236
      View Details
    • $25 SF/Yr
      83 SF

      Retail Space in Kenwood Corridor

      Retail space available in busy Kenwood retail corridor.
      8118 Montgomery Rd, Cincinnati, OH 45236
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space in Kenwood Corridor

      Retail spaces available in a high-traffic shopping center.
      7862 Montgomery Rd, Cincinnati, OH 45236
      View Details
    • Contact for pricing
      2,637 SF

      Galbraith Road Retail Center

      Cincinnati Retail Opportunity: 2,637 SF Available
      3912 Galbraith Rd, Cincinnati, OH 45236
      View Details
    • $26 SF/Yr
      1,536 SF

      Prime Retail Space Near Kenwood

      Strategically located retail space in Kenwood's retail corridor.
      7565 Kenwood Rd, Cincinnati, OH 45236
      View Details
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    8740 Montgomery Rd
    Cincinnati, OH 45236
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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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