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Property profile & analytics
OFF-MARKET
Estimated value
$1,200,000
Day care centers
100 Merchant St Cincinnati, OH 45246-3751
Entity Owned
2-yr Hold
Free & Clear
Property ID
US66-1078605
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1960
Total area
9,632 SF
Lot
1.06 ac (46,391 SF)
APN
599-0043-0061-00
UPID
US66-1078605
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
Current use
Occupant on record · Public records
-
Sheakley Resolution Systems Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.20M
Owner & transaction history
Princeton Hill Properties LLC · 2 yrs held
Princeton Hill Properties LLC
since 2024
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.0M
+24.3%
Office building
$995,000
+22.2%
Restaurant
$975,000
+19.8%
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
$1,200,000
ML approach
$1,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$815,000
Current use
MEDICAL BUILDING
$1,010,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$995,000
Change: +22% · Conversion: Difficult
RESTAURANT
$975,000
Change: +20% · Conversion: Difficult
AUTO REPAIR, GARAGE
$960,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$760,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±10% · vs last sale $1.20M (Jan 29 2024)
Last sale anchor
$1.20M
Jan 29 2024
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
$125 / 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
$10,070
Tax year 2023
Assessed value
$145,130
Assessed 2023
Previous assessed
$139,748
+3.9% YoY
Effective rate
6.94%
On assessed value
Assessed land
$70,143
Assessed improvement
$74,987
Land market value
$200,410
Improvement market value
$214,250
Total market value
$414,660
Applied tax rate
178.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1960
Heating
YES
Stories
2
Total area
9,632 SF
Lot
1.06 ac (46,391 SF)
APN
599-0043-0061-00
UPID
US66-1078605
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
Alternative use value scenarios
Repositioning upside vs current use
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$815,000
MEDICAL BUILDING
Est. value
$1.0M
OFFICE BUILDING
Est. value
$995,000
RESTAURANT
Est. value
$975,000
AUTO REPAIR, GARAGE
Est. value
$960,000
RETAIL STORES
Est. value
$760,000
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
MEDICAL BUILDING
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1960
Heating
YES
Stories
2
Lot
1.06 ac
Current owner
From public records · entity-resolved
Princeton Hill Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
33 N 3RD ST, COLUMBUS, OH 43215-3514
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2024
$1,200,000
Princeton Hill Properties LLC
Princeton Properties INC
Limited Warranty Deed
—
Jun 25, 2020
$167,066
Princeton Hill LP
Burkhart-schultz-merchant Stre
Grant Deed
—
Jun 25, 2020
$136,550
Princeton Hill LP
Charley-merchant Street Cincin
Grant Deed
—
Jun 25, 2020
$128,579
Princeton Hill LP
Lalanne V-merchant Street Cinc
Grant Deed
related
$4,313,698 · First Cmnwlt Bk
Jun 25, 2020
—
Princeton Hill LP
Medd-merchant Street Cincinnat
Grant Deed
related
—
Jun 5, 2020
—
Princeton Properties INC
—
Deed
related
—
—
—
Princeton Properties INC
—
Loan Modification
related
—
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.
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