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

    8921 Reading Rd Cincinnati, OH 45215-3227

    • Retail residential properties
    • 3,072 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimations
    $320,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-0186012
    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

    • Tres Belle Cakes / Wedding Planner / Wedding Service
    • Icon Cake and Sugar Flowers / Wedding Bakery

    Property Details for 8921 Reading Rd

    Year built
    1905
    Lot size
    0.21 lot acres
    Property size
    3,072 SF
    Property type
    Retail residential properties
    APN
    671-0007-0110-00
    APU
    6710007011000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $265,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $372,000
      Market price range: $96.1k - $390k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $255,000
      Current use
      MEDICAL BUILDING
      $355,000
      Change: +39% Conversion: Easy
      OFFICE BUILDING
      $325,000
      Change: +27% Conversion: Easy
      RETAIL STORES
      $295,000
      Change: +15% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $265,000
      Change: +4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.441
    Latitude
    39.2234
    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
    $5,089
    $15,851
    $45,083
    $60,934
    -
    $45,290
    $128,810
    $174,100

    Comparable in this City

    • Value Estimation
      $250,000
      0.02 Acres

      217 Dunn St

      STORES & APARTMENTS • 0.02 Acres
      217 Dunn St, Cincinnati, OH 45215-4620
      View Details
    • Value Estimation
      $295,000
      7,400 SF

      10 Benson St

      STORES & APARTMENTS • 7,400 SF
      10 Benson St, Cincinnati, OH 45215-3202
      View Details
    • Value Estimation
      $300,000
      2,032 SF

      1088 Matthews Dr

      STORES & APARTMENTS • 2,032 SF
      1088 Matthews Dr, Cincinnati, OH 45215-1858
      View Details
    • Value Estimation
      $60,000
      1,845 SF

      620 Wyoming Ave

      STORES & APARTMENTS • 1,845 SF
      620 Wyoming Ave, Cincinnati, OH 45215-4527
      View Details
    • Value Estimation
      $250,000
      6,960 SF

      223 Wayne Ave

      STORES & APARTMENTS • 6,960 SF
      223 Wayne Ave, Cincinnati, OH 45215-2867
      View Details
    • Value Estimation
      $270,000
      2,760 SF

      112 Ml St

      STORES & APARTMENTS • 2,760 SF
      112 Ml St, Cincinnati, OH 45215-4625
      View Details

    Similar Nearby for Sale

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      Fully Occupied Office Building

      100% occupied office building for sale.
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    • $1,600,000
      9,610 SF

      Retail Property on Springfield Pike

      Retail property available for sale in Cincinnati, Ohio.
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    • $998,000

      Land with High Traffic Count

      Commercial land with high visibility and traffic signal access.
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      13.00 Acres

      Prime 13-Acre Industrial Land

      Cincinnati, OH: 13 acres, light industrial zoning.
      0 Shepherd Ave & Wyoming Ave, Cincinnati, OH 45215
      View Details
    • Contact for pricing
      145.00 Acres

      Prime Cincinnati Industrial Land

      145 Acres, PUD Zoning, High Growth Area
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    • Contact for pricing

      Prime Corner Lot Opportunity

      0.91 AC corner lot for ground lease or build-to-suit.
      8852 Reading Rd, Cincinnati, OH 45215
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      30,000 SF

      Prime Woodlawn Office Space

      Cincinnati Office: 360 sq ft Available
      607 Redna Ter, Cincinnati, OH 45215
      View Details
    • $31 SF/Yr
      8,129 SF

      Class A Office Space Available

      8,129 RSF Class A office space for lease.
      3505 Columbia Ave, Cincinnati, OH 45215
      View Details
    • $36 SF/Yr
      494 SF

      Retail Space Available For Rent

      Retail space available for lease, approximately 494 square feet.
      120 W Benson St, Cincinnati, OH 45215
      View Details
    • Contact for pricing
      5,193 SF

      Former Restaurant Space on Glenway

      5,193 SF former restaurant space with great visibility.
      5216 Glenway Ave, Cincinnati, OH 45215
      View Details
    • $10 SF/Yr
      5,877 SF

      Office Space Near Summit Park

      Office space for rent across from Summit Park.
      4350 Glendale Milford Rd, Cincinnati, OH 45215
      View Details
    • $11 SF/Yr
      2,265 SF

      Renovated Office Space Available Now

      2,265+ SF office space with renovations and multiple rooms.
      10385 Spartan Dr, Cincinnati, OH 45215
      View Details
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    8921 Reading Rd
    Cincinnati, OH 45215-3227
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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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