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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Manufacturing properties
148 Caldwell Dr Cincinnati, OH 45216-1522
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-1324906
Property summary
AI-generated overview
This exceptional 33,000 square foot property at 148 Caldwell Drive in Cincinnati, Ohio, presents a unique opportunity for businesses seeking flexible office and warehouse space. Located in Hamilton County, with a convenient 45216 zip code, this multi-tenant building offers a range of options, with spaces divisible down to 1,600 square feet, or the entire 33,000 square feet available for a single tenant. The property is currently entirely vacant, allowing for complete customization to suit your specific needs. The high ceilings, measuring 20 feet, provide ample vertical space for storage or specialized equipment. The M-1 Light Industrial zoning allows for a variety of uses, making this an ideal location for a diverse range of businesses. This prime location offers easy access to major transportation routes, ensuring efficient logistics and convenient commuting for employees. The building's total square footage is 33,000 square feet, with a maximum contiguous space also at 33,000 square feet. Contact us today to learn more about leasing this versatile and strategically located property.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1956
Total area
21,436 SF
Lot
1.13 ac (49,049 SF)
APN
590-0071-0114-00
UPID
US66-1324906
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$475k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$660k
Blend (final)
Blend
$505k
Owner & transaction history
Buildpro Properties LLC · 1 yrs held
Buildpro Properties LLC
since 2024
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cincinnati submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cincinnati submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$475,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$505k
Range $455k – $556k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$24 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,101
Tax year 2023
Assessed value
$76,012
Assessed 2023
Previous assessed
$60,484
+25.7% YoY
Effective rate
9.34%
On assessed value
Assessed land
$22,809
Assessed improvement
$53,203
Land market value
$65,170
Improvement market value
$152,010
Total market value
$217,180
Applied tax rate
11.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1956
Heating
NONE
Stories
1
Total area
21,436 SF
Lot
1.13 ac (49,049 SF)
APN
590-0071-0114-00
UPID
US66-1324906
Jurisdiction
HAMILTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1956
Heating
NONE
Stories
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
Buildpro Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
10333 WAYNE AVE, CINCINNATI, OH 45215-1197
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2025
—
Buildpro Properties LLC
—
Deed
related
$1,000,000 · Civista Bank
Nov 27, 2024
$1,135,000
Buildpro Properties LLC
Buckley Manufacturing Company
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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