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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Retail residential properties
1112 Race St, Cincinnati, OH 45202-7219
Individually Owned
Free & Clear
Property ID
US66-0148662
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1890
Total area
5,610 SF
Lot
0.05 ac (2,352 SF)
APN
076-0002-0010-00
UPID
US66-0148662
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
-
The Splatter Room - CINCINNATI Arcade & Gaming Center Family Recreation Center
-
OTR Funplex Arcade & Gaming Center Family Recreation Center
-
OTR Escape Arcade & Gaming Center
-
OTR Funplex Board Game Lounge Bar & Pub
-
Date Cincinnati Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$583k
Blend (final)
Blend
$610k
Owner & transaction history
Wayne Fan
Wayne Fan
since 2025
Last sale
$540,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$935,000
+27.3%
Office building
$735,000
+0.5%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$735,000
Current use
RESTAURANT
$935,000
Change: +27% · Conversion: Difficult
OFFICE BUILDING
$735,000
Change: +1% · Conversion: Easy
MEDICAL BUILDING
$650,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$610k
Range $549k – $671k · ±10% · vs last sale $540k (Jun 4 2025)
Last sale anchor
$540k
Jun 4 2025
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
$109 / 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
$18,528
Tax year 2023
Assessed value
$211,561
Assessed 2023
Previous assessed
$211,561
+0.0% YoY
Effective rate
8.76%
On assessed value
Assessed land
$89,537
Assessed improvement
$122,024
Land market value
$255,820
Improvement market value
$348,640
Total market value
$604,460
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1890
Heating
YES
Stories
3
Rooms
2
Bathrooms
0
Total area
5,610 SF
Lot
0.05 ac (2,352 SF)
APN
076-0002-0010-00
UPID
US66-0148662
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
COMMERCIAL (GENERAL) Current
Est. value
$735,000
RESTAURANT
Est. value
$935,000
OFFICE BUILDING
Est. value
$735,000
MEDICAL BUILDING
Est. value
$650,000
COMMERCIAL (GENERAL) Current
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
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
1890
Heating
YES
Stories
3
Rooms
2
Bathrooms
0
Lot
0.05 ac
Current owner
From public records · entity-resolved
Wayne Fan
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 53882, CINCINNATI, OH 45253-0882
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2025
$540,000
Wayne Fan
Ed Homes LLC
Warranty Deed
—
May 12, 2011
$65,000
Ed Homes LLC
Hailstock,beth
Grant Deed
—
Jul 15, 2008
—
Character Homes Holdings LLC
Hailstock,beth
Quit Claim Deed
related
—
Apr 21, 2005
$95,500
Beth Hailstock
National City Bank
Grant Deed
—
Jul 6, 2000
$80,000
Centennial Savings Bank
D Z Enterprise
Trustees Deed
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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