Financial
Distress signals
Property profile

25 Merchant St Cincinnati, OH 45246

FOR LEASE
Office buildings
Property ID
US66-1744175
43,193 SF 5.51 ac lot Built 1986
Last sale Sep 2021 · $9,075,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a Class A office building featuring available office space that can accommodate approximately 1,329 to 16,106 square feet. It includes surface and covered parking, one loading dock, and elevator service provided by three Westinghouse hydraulic elevators—two with 3,000 lb rated capacity and one with 4,000 lb rated capacity. Building systems include four rooftop HVAC units with hermetic compressors, VAV controls, Control Solutions equipment, and an I/Net 2000 energy management

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$223k
Tax billed · 2023
Assessed value$3.22M
Assessed land$469k
Assessed improvement$2.75M
Effective rate6.94%

Value estimate

· Sep 2026
$7.96M
$7.16M – $8.75M
AI approach$8.13M
CAP approach$8.46M
Sales comparison$7.19M
NOI build-up
Gross scheduled income$2.87M
Vacancy & credit loss−$656k
Operating expenses−$552k
NOI · 13,808,391.67% cap applied$1.66M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$87/SF
ZIP average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$34 – $102

Cap rate analysis

How does the asset earn?
13,808,391.67%
$1.66M estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionHAMILTON

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency19.7
Storage Facility13.3
Gym & Fitness12.6

Location

25 Merchant St Cincinnati, OH 45246
County assessor Recorded deeds · 9 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
230 Northland, Cincinnati, OH 45246-3675 $49,873 May 2024 43,296 SF
260 Northland, Cincinnati, OH 45246-4917 $49,873 May 2024 45,114 SF
149 Northland, Cincinnati, OH 45246-3121 $867,500 Jan 2022 10,196 SF
375 Glensprings, Cincinnati, OH 45246-2316 $700,000 Jan 2022 33,627 SF
30 Merchant, Cincinnati, OH 45246-3733 $128,579 Jun 2020 103,185 SF
Tri-county, Cincinnati, OH 45246 $1,600,000 May 2019 47,760 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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