Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Central Ave, OH
    Back to Search
    Property profile & analytics

    , Central Ave, OH

    View on Map
    • Medical Office Space
    • 0.30 lot acres
    Off-Market
    Last Sale Nov 8, 2023
    $430,000
    Property ID
    US66-2855835
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Medical Office Space

    Property Details

    Lot size
    0.30 lot acres
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    Q6531-062.000-014
    APU
    Q6531062000014

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 8, 2023 $430,000 111 Vandament LLC Atrium Medical Center Limited Warranty Deed $344k · Wesbanco Bank INC
    Feb 2, 2017 $850,000 Atrium Medical Center Cei Investments LLC Warranty Deed —
    Jun 25, 2004 $336,000 Cei Investments LLC Tom F Straus Md Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Central Ave
    County
    Butler
    State
    Ohio
    Longitude
    -84.3448
    Latitude
    39.5109
    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
    $408
    $6,800
    $0.00
    $6,800
    -
    $19,440
    $0.00
    $19,440

    Comparable in this City

    • Value Estimation by Request
      0.10 Acres

      Nn

      MEDICAL BUILDING
      Nn, Ave, OH
      View Details
    • Value Estimation by Request
      0.08 Acres

      Nn

      MEDICAL BUILDING
      Nn, Ave, OH
      View Details
    • Value Estimation by Request
      0.04 Acres

      Fairmount Fairmount, OH

      MEDICAL BUILDING
      Fairmount Fairmount, OH
      View Details
    • Value Estimation by Request
      0.11 Acres

      Lexington Ave, OH

      MEDICAL BUILDING
      Lexington Ave, OH
      View Details
    • Value Estimation by Request
      0.03 Acres

      Park

      MEDICAL BUILDING
      Park, Ave, OH
      View Details
    • Value Estimation by Request
      0.19 Acres

      Morgan, OH

      MEDICAL BUILDING
      Morgan, OH
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      108,516 SF

      Class A Medical Portfolio

      Two Class A medical properties in Pennsylvania and Ohio.
      1200 Medical Center Pkwy, Maumee, OH
      View Details
    • Contact for pricing
      3.83 Acres

      Wooded Parcel on Private Road

      3.8-acre wooded parcel for residential development in Upper Ohio.
      Peters Dr, OH
      View Details
    • Contact for pricing

      Kettering Land For Sale

      1.0262 acre commercial land for sale in Kettering, OH.
      3701 Wilmington Pike, Kettering, OH
      View Details
    • Contact for pricing

      Commercial Land on Chillicothe Road

      0.99 acre commercial land with high traffic and visibility.
      Chillicothe Rd, Novelty, OH
      View Details
    • Contact for pricing
      12,797 SF

      Retail and Apartment Building

      Well-maintained property with retail and apartments.
      21930 Lake Shore Blvd, Euclid, OH
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Renovated Office Space Available

      Renovated office space suitable for professional or medical users.
      12563 Pearl Rd, Strongsville, OH
      View Details
    • Contact for pricing
      11,400 SF

      Miamisburg Office Building For Lease

      Two-story office building with elevator and ample parking.
      Enterprise Ct, Miamisburg, OH
      View Details
    • Contact for pricing
      1,333 SF

      Retail Space in Richmond Heights

      Retail space with existing salon suite, open to retrofit.
      27043-27107 Chardon Rd, Richmond Heights, OH
      View Details
    • Contact for pricing
      2,100 SF

      Oakwood Village Warehouse Space

      Warehouse space available in Oakwood Village, built in 2005.
      7401 1 Pl, Oakwood Village, OH
      View Details
    • Contact for pricing

      Mixed-Use Development Anchored by Whole Foods

      Retail space for lease in mixed-use development, opening Fall 2025.
      7200 Heritagespring Dr, Liberty Township, OH
      View Details
    • Contact for pricing

      16.55 Acre Development Site

      16.55 acre development site with retail and pad sites.
      17845 Ravenna Rd, Auburn Township, OH
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Central Ave, OH
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Central Ave, OH
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!