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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Garden apartment buildings
1081 Shayler Rd Cincinnati, OH 45245
Entity Owned
20-yr Hold
Free & Clear
Property ID
US66-0194709
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1993
Construction
FRAME
Total area
6,234 SF
Lot
6.04 ac (263,102 SF)
APN
41-31-02D-101
UPID
US66-0194709
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
$675k
CAP Approach
CAP
$715k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$730k
Owner & transaction history
Shayler Glen Apartments LLC · 20 yrs held
Shayler Glen Apartments LLC
since 2006
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+118.2%
Restaurant
$1.0M
+98.0%
Medical building
$725,000
+38.2%
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
$675,000
CAP Approach
CAP Return
Estimation
6%
$770,000
6.5%
$715,000
7%
$660,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$525,000
Current use
AUTO REPAIR, GARAGE
$1,145,000
Change: +118% · Conversion: Difficult
RESTAURANT
$1,035,000
Change: +98% · Conversion: Difficult
MEDICAL BUILDING
$725,000
Change: +38% · Conversion: Moderate
OFFICE BUILDING
$660,000
Change: +26% · Conversion: Moderate
RETAIL STORES
$600,000
Change: +14% · Conversion: Difficult
COMMERCIAL (GENERAL)
$550,000
Change: +5% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$540,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$730k
Range $657k – $803k · ±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
$117 / 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
$57,310
Tax year 2023
Assessed value
$840,110
Assessed 2023
Previous assessed
$840,110
+0.0% YoY
Effective rate
6.82%
On assessed value
Assessed land
$84,000
Assessed improvement
$756,110
Land market value
$240,000
Improvement market value
$2,160,300
Total market value
$2,400,300
Applied tax rate
41.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1993
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Units
60
Rooms
7
Bathrooms
2
Total area
6,234 SF
Lot
6.04 ac (263,102 SF)
APN
41-31-02D-101
UPID
US66-0194709
Jurisdiction
CLERMONT
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$525,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
RESTAURANT
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$725,000
OFFICE BUILDING
Est. value
$660,000
RETAIL STORES
Est. value
$600,000
COMMERCIAL (GENERAL)
Est. value
$550,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$540,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
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
1993
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
60
Rooms
7
Bathrooms
2
Lot
6.04 ac
Current owner
From public records · entity-resolved
Shayler Glen Apartments LLC
Entity
Free & Clear · 20 yrs held
Mailing address
669 OHIO PIKE, CINCINNATI, OH 45245-2117
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2021
—
Shayler Glen Apartments LLC
—
Deed
related
$2,800,000 · Commercial Loan Corporation
Feb 9, 2006
$3,499,970
Shayler Glen Apartments LLC
Shayler Glen Associates
Warranty Deed
—
—
—
Shayler Glen Apartments LLC
—
Deed Of Trust
related
$2,300,000 · Perpetual Fsb
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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