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

    9115 Blue Ash Rd Blue Ash, OH 45242-6821

    • Manufacturing properties
    • 86,188 SF
    • 6.76 lot acres
    OFF-MARKET
    Value Estimations
    $6,565,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1622911
    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

    • Manufacturing properties

    Property Details for 9115 Blue Ash Rd

    Year built
    1964
    Lot size
    6.76 lot acres
    Property size
    86,188 SF
    Property type
    Manufacturing properties
    APN
    612-0060-0331-00
    APU
    6120060033100

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $7,030,000
      6.5%
      $6,490,000
      7%
      $6,030,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,941,000
      Market price range: $2.65M - $9.78M
      AI Estimate
      $4,254,000
      Market price range: $1.38M - $4.31M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $5,515,000
      Current use
      OFFICE BUILDING
      $10,065,000
      Change: +82% Conversion: Difficult
      MEDICAL BUILDING
      $10,010,000
      Change: +81% Conversion: Difficult
      RETAIL STORES
      $8,270,000
      Change: +50% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $7,620,000
      Change: +38% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $7,475,000
      Change: +35% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Blue Ash
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.3863
    Latitude
    39.2245
    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
    $154,425
    $228,417
    $2,027,529
    $2,255,946
    -
    $652,620
    $5,792,940
    $6,445,560

    Comparable in this City

    • Value Estimation
      $10,580,000
      6.53 Acres

      8959 Blue Ash Rd

      FACTORY (MANUFACTURING) • 6.53 Acres
      8959 Blue Ash Rd, Blue Ash, OH 45242-7809
      View Details
    • Value Estimation by Request
      1,716 SF

      9200 Floral Ave

      MANUFACTURING (LIGHT) • 1,716 SF
      9200 Floral Ave, Blue Ash, OH 45242-6954
      View Details
    • Value Estimation by Request
      3,472 SF

      6060 Interstate Cir

      MANUFACTURING (LIGHT) • 3,472 SF
      6060 Interstate Cir, Blue Ash, OH 45242-1413
      View Details
    • Value Estimation
      $1,920,000
      31,330 SF

      10683 Mckinley Rd

      FACTORY (MANUFACTURING) • 31,330 SF
      10683 Mckinley Rd, Blue Ash, OH 45242-3715
      View Details
    • Value Estimation
      $2,700,000
      63,473 SF

      10900 Deerfield Rd

      MANUFACTURING (LIGHT) • 63,473 SF
      10900 Deerfield Rd, Cincinnati, OH 45242
      View Details
    • Value Estimation by Request
      0.90 Acres

      6971 Cornell Rd

      MANUFACTURING (LIGHT) • 0.90 Acres
      6971 Cornell Rd, Blue Ash, OH 45242-3024
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      110,503 SF

      Blue Ash Manufacturing Facility

      Manufacturing facility in Blue Ash with heavy infrastructure.
      4201 Malsbary Rd, Blue Ash, OH 45242
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      197,263 SF

      Alliance Road Industrial Facility

      197,263 SF Warehouse - Blue Ash, OH
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      193,023 SF

      Cincinnati Warehouse and Industrial Space

      193,023 SF warehouse and industrial property in Cincinnati, OH.
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    • $1,725,000
      4,800 SF

      Blue Ash Warehouse Space Available

      Warehouse space for rent in Blue Ash, Ohio.
      11240 Cornell Park Dr, Blue Ash, OH 45242
      View Details
    • Contact for pricing
      14,000 SF

      Blue Ash Industrial Property

      14,000 SF industrial property for sale in Blue Ash.
      10843 Millington Ct, Blue Ash, OH 45242
      View Details
    • Contact for pricing
      10,000 SF

      Blue Ash Industrial/Office Building

      10,000 SF building with office and warehouse space.
      11297 Grooms Rd, Blue Ash, OH 45242
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      69,070 SF

      Cincinnati Industrial Warehouse - 69,070 SF

      Prime Cincinnati warehouse, ideal for manufacturing & distribution.
      5000 Creek Rd, Cincinnati, OH 45242
      View Details
    • Contact for pricing
      66,096 SF

      Blue Ash Warehouse Space Available

      Modern warehouse, 2,518 sq ft, prime location.
      4701 Creek Rd, Blue Ash, OH 45242
      View Details
    • Contact for pricing

      Industrial Property in Blue Ash

      94,760 SF industrial property available for sale.
      6960 Cornell Rd, Blue Ash, OH 45242
      View Details
    • Contact for pricing
      33,872 SF

      Blue Ash Warehouse Space Available

      Warehouse space for rent in Blue Ash, Ohio.
      6245 Creek Rd, Blue Ash, OH 45242
      View Details
    • Contact for pricing
      9,744 SF

      Warehouse Near Reagan Hwy & I-71

      9,744 SF warehouse with temperature control, near major highways.
      9870 Redhill Dr, Cincinnati, OH 45242
      View Details
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    9115 Blue Ash Rd
    Blue Ash, OH 45242-6821
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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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