Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,145,000
Manufacturing properties
1045 Township St Cincinnati, OH 45225-2140
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US66-1380393
Property profile
Verified
Property type
Manufacturing properties
Use group
FOOD PROCESSING
Year built
1964
Total area
16,558 SF
Lot
0.6 ac (26,310 SF)
APN
189-0020-0090-00
UPID
US66-1380393
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
-
Cincinnati Wholesale Florist CWF Big Box & Wholesale Store
-
Cincinnati Wholeslae Florist (Bike/Boat/Book/etc) Store Florist
-
Cincinnati Wholesale Florist Big Box & Wholesale Store
-
Cincinnati Gourmet Meat's Meat Packer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.25M
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$1.15M
Owner & transaction history
1045 Township Properties LLC · 9 yrs held
1045 Township Properties LLC
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.8M
+65.8%
Retail stores
$1.6M
+49.9%
Commercial (general)
$1.5M
+38.1%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,350,000
6.5%
$1,245,000
7%
$1,160,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,060,000
Current use
OFFICE BUILDING
$1,755,000
Change: +66% · Conversion: Difficult
RETAIL STORES
$1,590,000
Change: +50% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,465,000
Change: +38% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,435,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$1.15M
Range $1.03M – $1.26M · ±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
$69 / 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
$13,218
Tax year 2023
Assessed value
$159,243
Assessed 2023
Previous assessed
$194,789
-18.2% YoY
Effective rate
8.30%
On assessed value
Assessed land
$19,866
Assessed improvement
$139,377
Land market value
$56,760
Improvement market value
$398,220
Total market value
$454,980
Applied tax rate
1.0000
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
Manufacturing properties
Use group
FOOD PROCESSING
Status
Off-Market
Year built
1964
Heating
NONE
Stories
1
Rooms
11
Total area
16,558 SF
Lot
0.6 ac (26,310 SF)
APN
189-0020-0090-00
UPID
US66-1380393
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.8M
RETAIL STORES
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1964
Heating
NONE
Stories
1
Rooms
11
Lot
0.6 ac
Current owner
From public records · entity-resolved
1045 Township Properties LLC
Entity
Mailing address
1045 TOWNSHIP ST, CINCINNATI, OH 45225-2140
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2025
—
1145 Township Properties LLC
—
Deed
related
$50,000 · Forcht Bank NA
Feb 14, 2025
—
1045 Township Properties LLC
—
Deed
related
$150,000 · Forcht Bank NA
Feb 3, 2025
—
1045 Township Properties LLC
—
Deed
related
$124,195 · Forcht Bank NA
Feb 14, 2023
—
1045 Township Properties LLC
—
Deed
related
$50,000 · Forcht Bank NA
Oct 25, 2019
—
1045 Township Properties LLC
—
Deed
related
$1,000,000 · Forcht Bk NA
Mar 2, 2017
—
1045 Township Properties LLC
—
Deed
related
$900,000 · Watch Hill Bk
Sep 21, 2016
—
1045 Township Properties LLC
James J Humbert
Warranty Deed
$240,000 · Fifth Third Bank
Jun 4, 2008
—
Reinhart Food Service LLC
—
Deed Of Trust
related
$100,000,000 · Bank Of America
Jul 24, 2006
—
Reinhart Foodservice LLC
—
Deed Of Trust
related
$750,000,000 · Bank Of America
—
—
1045 Township Properties LLC
—
Deed Of Trust
related
$1,000,000 · Forcht Bk NA
—
—
1045 Township Properties LLC
—
Deed Of Trust
related
$900,000 · Watch Hill Bk
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1045 Township St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
