Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Motels
11349 Reed Hartman Hwy Blue Ash, OH 45241-2429
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US66-0143539
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1989
Total area
42,267 SF
Lot
2.16 ac (94,133 SF)
APN
612-0170-0178-00
UPID
US66-0143539
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
$710k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$672k
Blend (final)
Blend
$710k
Owner & transaction history
Reed Hartman Hospitality LLC · 11 yrs held
Reed Hartman Hospitality LLC
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Blue Ash submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Blue Ash 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
$710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,060,000
Current use
Blend value · Realmo final
$710k
Range $639k – $781k · ±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
$17 / 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
$45,154
Tax year 2023
Assessed value
$659,133
Assessed 2023
Previous assessed
$580,475
+13.6% YoY
Effective rate
6.85%
On assessed value
Assessed land
$325,181
Assessed improvement
$333,952
Land market value
$929,090
Improvement market value
$954,150
Total market value
$1,883,240
Applied tax rate
214.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1989
Heating
YES
Stories
3
Rooms
4
Total area
42,267 SF
Lot
2.16 ac (94,133 SF)
APN
612-0170-0178-00
UPID
US66-0143539
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
HOTEL/MOTEL Current
Est. value
$1.1M
HOTEL/MOTEL Current
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
1989
Heating
YES
Stories
3
Rooms
4
Lot
2.16 ac
Current owner
From public records · entity-resolved
Reed Hartman Hospitality LLC
Entity
Mailing address
5720 GTWY STE #104, MASON, OH 45040-1891
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2023
—
Reed Hartman Hospitality LLC
—
Deed
related
$2,140,000 · Community Trust Bank INC
Mar 8, 2017
—
Reed Hartman Hospitality LLC
—
Deed
related
$2,250,000 · Community Trust Bank NA
Mar 12, 2015
$1,550,000
Reed Hartman Hospitality LLC
Nayhem LLC
Grant Deed
$1,250,000 · Ashland R/e Co 401(k) Plan
Apr 8, 2004
—
Rakesh Patel
Patel,priyakant & Chhaya
Quit Claim Deed
related
—
Apr 8, 2004
$2,350,000
Nayhem LLC
Patel,rakesh & Damayanti
Warranty Deed
$1,187,500 · Centerbank
Mar 31, 1999
$2,050,000
Rakesh Patel
Louis S Beck Trustee
Grant Deed
$1,600,000 · Community Trust Bank NA
—
—
Reed Hartman Hospitality LLC
—
Deed Of Trust
related
$405,200 · Spring Vly Bk
—
—
Nayhem LLC
—
Deed Of Trust
related
$300,000 · Centerbank
—
—
Reed Hartman Hospitality LLC
—
Deed Of Trust
related
$1,472,000 · Spring Vly Bk
—
—
Nayhem LLC
—
Deed Of Trust
related
$50,000 · Centerbank
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 11349 Reed Hartman Hwy?
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.
