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    Miami Ave Cincinnati, OH 45243
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    Property profile & analytics

    Miami Ave, Cincinnati, OH 45243

    View on Map
    • Outlet malls
    • 1.28 lot acres
    Off-Market
    Property ID
    US66-3522620
    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

    • Outlet malls

    Property Details for Miami Ave

    Year built
    1997
    Lot size
    1.28 lot acres
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    525-0003-0350-00
    APU
    5250003035000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 26, 2013 — Spirit Wg Madeira Oh LLC Cole Wg Madeira Oh LLC Grant Deed · related —
    Mar 19, 2007 — Cole Wg Madeira Oh LLC Anchor Highland Heights LLC Grant Deed $2.9M · Bear Stearns Commercial Mtg
    Sep 10, 1998 — Anchor Highland Heights LLC — Deed Of Trust · related $3.2M · Principal Life Insurance Co
    Jul 15, 1998 $3,005,500 Anchor Highland Heights LLC Anchor Developments II Ltd Grant Deed · related —
    Jan 15, 1998 $1,000,000 Anchor Development II Ltd Musekamp,george & Joan 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
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.3641
    Latitude
    39.1863
    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
    $62,294
    $231,686
    $449,873
    $681,559
    -
    $661,960
    $1,285,350
    $1,947,310

    Comparable in this City

    • Value Estimation by Request
      0.27 Acres

      7670 Camargo Rd

      WHOLESALE OUTLET, DISCOUNT STORE
      7670 Camargo Rd, Cincinnati, OH 45243-3108
      View Details
    • Value Estimation by Request
      7,126 SF

      7801 Laurel Ave

      SHOPPING CENTER, STRIP CENTER
      7801 Laurel Ave, Cincinnati, OH 45243-2684
      View Details
    • Value Estimation by Request
      0.14 Acres

      6936 Miami Ave

      SHOPPING CENTER, STRIP CENTER
      6936 Miami Ave, Cincinnati, OH 45243
      View Details
    • Value Estimation by Request
      0.01 Acres

      Galbraith Rd

      REGIONAL SHOPPING CENTER, MALL
      Galbraith Rd, Cincinnati, OH 45243
      View Details
    • Value Estimation by Request
      7.41 Acres

      Kenwood Rd

      REGIONAL SHOPPING CENTER, MALL
      Kenwood Rd, Cincinnati, OH 45243
      View Details
    • Value Estimation
      $2,150,000
      17,125 SF

      7005 Miami Ave

      SHOPPING CENTER, STRIP CENTER
      7005 Miami Ave, Cincinnati, OH 45243-2614
      View Details

    Similar Nearby for Sale

    • $399,900
      14,898 SF

      Zoned Commercial Build-to-Suit Lot

      Cleared, ready-to-build commercial parcel with substantial road frontage for a variety of B-3 uses.
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      Land Available for Sale

      Land available for sale in Cincinnati, OH.
      7715-7721 Camargo Rd, Cincinnati, OH 45243
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      7715 Camargo Rd, Cincinnati, OH 45243

      Commercial land
      7715 Camargo Rd, Cincinnati, OH 45243
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    • $825,000
      0.72 Acres

      Residential Land in Sycamore Twp

      1.66 acres in Indian Hill School district.
      8305 Miami Rd, Sycamore Twp, OH 45243
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,093 SF

      Kenwood Retail Space For Lease

      Retail opportunity in Kenwood market with strong tenant mix.
      7900-8110 Hosbrook Rd, Madeira, OH 45243
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      1,712 SF

      Retail Space on Montgomery Road

      1,712 SF retail space with high visibility available for lease.
      8060 Montgomery Rd, Cincinnati, OH 45243
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      10,244 SF

      Former CVS Retail Space Available

      10,244 SF retail space suitable for various businesses.
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      Office Space Available For Rent

      Office space available, offering 3,444 square feet.
      6725 Miami Ave, Madeira, OH 45243
      View Details
    • Contact for pricing
      25,000 SF

      Class A Office Space Available

      Class A office space with high-end finishes and modern design.
      8010 Montgomery Rd, Cincinnati, OH 45243
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      7,929 SF

      Kenwood Commons Office Space Available

      Office space for lease in Kenwood with I-71 access.
      8230 Montgomery Rd, Cincinnati, OH 45243
      View Details
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    Miami Ave
    Cincinnati, OH 45243
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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.

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    Miami Ave, Cincinnati, OH, 45243
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