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

    9691 Waterstone Blvd Cincinnati, OH 45249-8220

    • Retail space
    • 148,282 SF
    • 12.97 lot acres
    OFF-MARKET
    Value Estimations
    $12,900,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2160536
    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

    • Costco Optical / Ophthalmologist / (Bike/Boat/Book/etc) Store
    • Costco Tire Center / (Bike/Boat/Book/etc) Store / Auto Parts Store
    • AT&T Store / Mobile Phone Store / Electronics & Wireless Store
    • Costco Gas Station / Gas Station
    • Costco Wholesale / Big Box & Wholesale Store / Discount Store

    Property Details for 9691 Waterstone Blvd

    Year built
    1999
    Construction
    FRAME
    Lot size
    12.97 lot acres
    Property size
    148,282 SF
    Property type
    Retail space
    APN
    16-26-463-007-0
    APU
    16264630070

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $12,033,000
      Market price range: $7.56M - $23.0M
      AI Estimate
      $12,218,000
      Market price range: $7.55M - $22.4M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $14,225,000
      Current use
      MEDICAL BUILDING
      $17,225,000
      Change: +21% Conversion: Difficult
      OFFICE BUILDING
      $15,740,000
      Change: +11% Conversion: Easy
      COMMERCIAL (GENERAL)
      $13,110,000
      Change: -8% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $12,860,000
      Change: -10% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $12,460,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Warren
    State
    Ohio
    Longitude
    -84.3029
    Latitude
    39.2959
    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
    $245,400
    $1,588,972
    $1,678,635
    $3,267,607
    -
    $4,539,920
    $4,796,100
    $9,336,020

    Comparable in this City

    • Value Estimation
      $11,645,000
      127,273 SF

      9841 Waterstone Blvd

      RETAIL STORES (PERSONAL SERVICES) • 127,273 SF
      9841 Waterstone Blvd, Cincinnati, OH 45249-8296
      View Details
    • Value Estimation by Request
      0.06 Acres

      11913 2nd Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.06 Acres
      11913 2nd Ave, Cincinnati, OH 45249-1507
      View Details
    • Value Estimation
      $1,000,000
      6,198 SF

      11301 Montgomery Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,198 SF
      11301 Montgomery Rd, Cincinnati, OH 45249-2340
      View Details
    • Value Estimation by Request
      0.38 Acres

      8580 Kemper Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.38 Acres
      8580 Kemper Rd, Cincinnati, OH 45249
      View Details
    • Value Estimation by Request
      0.06 Acres

      11907 2nd Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.06 Acres
      11907 2nd Ave, Cincinnati, OH 45249-1507
      View Details
    • Value Estimation by Request
      1,188 SF

      7752 School Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,188 SF
      7752 School Rd, Cincinnati, OH 45249-1523
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,500 SF

      Retail Outlot with Drive-Thru

      Retail space with drive-thru, convenient location, and high visibility.
      7927 E Kemper Rd, Cincinnati, OH 45249
      View Details
    • $1,990,000

      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
    • Contact for pricing
      510 SF

      New Dual Drive-Thru Coffee Property

      Brand new 7 Brew Coffee with dual drive-thru in Cincinnati.
      9201 Fields Ertel Rd, Cincinnati, OH 45249
      View Details
    • $3,983,000
      8,200 SF

      11363 Montgomery Rd

      Retail properties & Spaces • 8,200 SF
      11363 Montgomery Rd, Cincinnati, OH 45249
      View Details
    • $125,000
      1.43 Acres

      Land in Symmes Township, OH

      1.426 acre lot in desirable Symmes Township community.
      12102 Paulmeadows Dr, Symmes Twp, OH 45249
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,000 SF

      Regional Power Center Retail Space

      Retail space in regional power center anchored by major retailers.
      9859 Waterstone Blvd, Cincinnati, OH 45249
      View Details
    • Contact for pricing
      1,250 SF

      Retail/Office Space and Out-Lot

      Retail/office space and out-lot for development near I-71.
      8717 Fields Ertel Rd, Cincinnati, OH 45249
      View Details
    • Contact for pricing
      2,588 SF

      Versatile Office/Retail Space Available

      Divisible office/retail space with excellent location and signage opportunities.
      7903 E Kemper Rd, Cincinnati, OH 45249
      View Details
    • $20 SF/Yr
      5,766 SF

      Retail Space Near Kings Toyota

      Retail space available near Kings Toyota dealership.
      4744-4800 Fields Ertel Rd, Cincinnati, OH 45249
      View Details
    • Contact for pricing
      1,285 SF

      Retail Endcap Space Available

      4,640 SF endcap in strong retail corridor.
      9950-9998 Kings Auto Mall Rd, Cincinnati, OH 45249
      View Details
    • Contact for pricing
      1,300 SF

      Retail Space on Montgomery Road

      Retail space with national brand mix and high traffic.
      11371-11383 Montgomery Rd, Cincinnati, OH 45249
      View Details

    Property Visit Statistics

    • Visits by month
      211.1k
    • Visitors by month
      129.2k
    • Avg Time on site
      37 min
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    Cincinnati, OH 45249-8220
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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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