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

    922 Race St Cincinnati, OH 45202-1027

    • Retail space
    • 1,980 SF
    • 0.04 lot acres
    OFF-MARKET
    Value Estimations
    $260,000
    Show details
    Cap Rate Potential
    8.8%
    Retail space
    Location Intelligence
    Property ID
    US66-6119015
    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

    • Northside Distilling Co. / Distillery

    Property Details for 922 Race St

    Year built
    1910
    Lot size
    0.04 lot acres
    Property size
    1,980 SF
    Property type
    Retail space
    APN
    076-0002-0144-00
    APU
    760002014400

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $380,000
      6.5%
      $350,000
      7%
      $325,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $168,000
      Market price range: $101k - $307k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $190,000
      Current use
      AUTO REPAIR, GARAGE
      $365,000
      Change: +91% Conversion: Difficult
      OFFICE BUILDING
      $260,000
      Change: +37% Conversion: Easy
      COMMERCIAL (GENERAL)
      $260,000
      Change: +36% Conversion: Easy
      MEDICAL BUILDING
      $230,000
      Change: +21% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $170,000
      Change: -10% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.5156
    Latitude
    39.1059
    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
    $4,990
    $35,329
    $21,109
    $56,438
    -
    $100,940
    $60,310
    $161,250

    Comparable in this City

    • Value Estimation
      $345,000
      3,168 SF

      1400 Central Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 3,168 SF
      1400 Central Pkwy, Cincinnati, OH 45202-7510
      View Details
    • Value Estimation
      $260,000
      1,540 SF

      236 6th St

      RETAIL STORES (PERSONAL SERVICES) • 1,540 SF
      236 6th St, Cincinnati, OH 45202
      View Details
    • Value Estimation
      $335,000
      3,246 SF

      1021 Parkside Pl

      RETAIL STORES (PERSONAL SERVICES) • 3,246 SF
      1021 Parkside Pl, Cincinnati, OH 45202-6601
      View Details
    • Value Estimation
      $330,000
      5,148 SF

      1404 Main St

      RETAIL STORES (PERSONAL SERVICES) • 5,148 SF
      1404 Main St, Cincinnati, OH 45202-7616
      View Details
    • Value Estimation
      $345,000
      2,375 SF

      1216 Race St

      RETAIL STORES (PERSONAL SERVICES) • 2,375 SF
      1216 Race St, Cincinnati, OH 45202
      View Details
    • Value Estimation
      $250,000
      0.13 Acres

      702 Reading Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.13 Acres
      702 Reading Rd, Cincinnati, OH 45202-1411
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      17,992 SF

      Downtown Cincinnati Retail Opportunity

      17,992 SF retail building with ample parking.
      1400 Reading Rd, Cincinnati, OH 45202
      View Details
    • $990,000
      5,512 SF

      Turn-Key Restaurant Space in Pendleton

      High-visibility corner location in Cincinnati's vibrant Pendleton District.
      331 E 13Th St, Cincinnati, OH 45202
      View Details
    • New
      Contact for pricing
      3,860 SF

      Commercial Space Near Convention Center

      Flexible commercial space with potential for multi-tiered hospitality experience.
      126 W 6Th St, Cincinnati, OH 45202
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    • Contact for pricing
      8,280 SF

      Retail Space Available For Sale

      Retail property with 8,280 square feet of space.
      2014 Elm St, Cincinnati, OH 45202
      View Details
    • $1,500,000
      10,420 SF

      Mixed-Use Building in Downtown Cincinnati

      Multi-level mixed-use building in the heart of Downtown Cincinnati.
      6 W 4Th St, Cincinnati, OH 45202
      View Details
    • Contact for pricing
      18,522 SF

      Former Walgreens Pharmacy Corner Location

      Prime corner location in Cincinnati's Fountain District.
      601 Race St, Cincinnati, OH 45202
      View Details

    Similar Nearby for Lease

    • $26 SF/Yr
      2,500 SF

      Retail Space in Historic Area

      Retail space available at the corner of 4th & Central.
      350 W 4Th St, Cincinnati, OH 45202
      View Details
    • Contact for pricing
      7,720 SF

      Retail/Restaurant Space Near Downtown Cincinnati

      Retail and restaurant spaces available near downtown Cincinnati.
      601 E Pete Rose Way, Cincinnati, OH 45202
      View Details
    • $22 SF/Yr
      1,340 SF

      Vine Street Retail Space Available

      Retail spaces with direct access to Central Business District.
      617 Vine St, Cincinnati, OH 45202
      View Details
    • Contact for pricing
      3,786 SF

      Downtown Cincinnati Retail Space Available

      Retail space in Cincinnati's historic Fountain Square.
      1 East 6Th St, Cincinnati, OH 45202
      View Details
    • $17 SF/Yr
      43,303 SF

      Downtown Office and Retail Space

      Office and retail spaces available in downtown Cincinnati.
      151 W 7Th St, Cincinnati, OH 45202
      View Details
    • Contact for pricing
      14,500 SF

      Former Bar/Entertainment Venue Available

      14,500 SF venue with outdoor seating in historic area.
      412 Central Ave, Cincinnati, OH 45202
      View Details
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    922 Race St
    Cincinnati, OH 45202-1027
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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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