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Property profile & analytics
OFF-MARKET
Estimated value
$270,000
Specialty properties
11165 Reading Rd Cincinnati, OH 45241-1930
Individually Owned
19-yr Hold
Free & Clear
Property ID
US66-0401847
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1920
Total area
4,600 SF
Lot
0.51 ac (22,346 SF)
APN
608-0004-0031-00
UPID
US66-0401847
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
-
Sharonville Cultural Arts Center Theater & Performing Art Venue
-
Performing Arts Inc Theater & Performing Art Venue
-
Westheimer Gallery Art Gallery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$668k
Blend (final)
Blend
$270k
Owner & transaction history
Sharonville Fine Arts Council · 19 yrs held
Sharonville Fine Arts Council
since 2007
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$845,000
+78.0%
Medical building
$535,000
+12.7%
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
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$475,000
Current use
AUTO REPAIR, GARAGE
$845,000
Change: +78% · Conversion: Difficult
MEDICAL BUILDING
$535,000
Change: +13% · Conversion: Difficult
RETAIL STORES
$440,000
Change: -7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$405,000
Change: -14% · Conversion: Difficult
OFFICE BUILDING
$405,000
Change: -15% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$400,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$270k
Range $243k – $297k · ±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
$59 / 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
$24
Tax year 2023
Assessed value
$172,757
Assessed 2023
Previous assessed
$162,873
+6.1% YoY
Effective rate
0.01%
On assessed value
Assessed land
$43,096
Assessed improvement
$129,661
Land market value
$123,130
Improvement market value
$370,460
Total market value
$493,590
Applied tax rate
175.0000
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1920
Heating
YES
Stories
1
Rooms
4
Total area
4,600 SF
Lot
0.51 ac (22,346 SF)
APN
608-0004-0031-00
UPID
US66-0401847
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
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$475,000
AUTO REPAIR, GARAGE
Est. value
$845,000
MEDICAL BUILDING
Est. value
$535,000
RETAIL STORES
Est. value
$440,000
COMMERCIAL (GENERAL)
Est. value
$405,000
OFFICE BUILDING
Est. value
$405,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$400,000
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1920
Heating
YES
Stories
1
Rooms
4
Lot
0.51 ac
Current owner
From public records · entity-resolved
Sharonville Fine Arts Council
Individual
Free & Clear · 19 yrs held
Mailing address
10900 READING RD, CINCINNATI, OH 45241-2508
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2019
—
Sharonville Fine Arts Council INC
—
Deed
related
$275,000 · Lcnb National Bank
May 11, 2007
—
Sharonville Fine Arts Council
Community Improvement Corp Of Sha
Warranty Deed
related
—
Jun 8, 2000
$220,000
Community Improvements
Thomas L Cuni Trustee
Trustees Deed
—
Jun 8, 2000
—
Thomas L Cuni Trustee
Esher M Simpson Trustee
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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