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Property profile & analytics
OFF-MARKET
Estimated value
$15,155,000
Warehouses
115 Enterprise Dr Hamilton, OH 45015-1492
Entity Owned
2-yr Hold
Free & Clear
Property ID
US66-4339839
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2020
Total area
173,135 SF
Lot
10.78 ac (469,533 SF)
APN
P6461-059.000-068
UPID
US66-4339839
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 Home Depot Distribution Center Distribution Center Logistics Company
-
Best Buy Home Delivery Dock Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$15.16M
CAP Approach
CAP
$20.35M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.16M
Owner & transaction history
Prologis-exchange Na2 Sub 7 LLC · 2 yrs held
Prologis-exchange Na2 Sub 7 LLC
since 2024
Last sale
$15.2M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$19.6M
+129.7%
Neighborhood: shopping center
$19.1M
+124.2%
Auto repair, garage
$18.0M
+111.1%
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 Hamilton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hamilton 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
$15,155,000
ML approach
$15,155,000
CAP Approach
CAP Return
Estimation
6%
$22,040,000
6.5%
$20,345,000
7%
$18,890,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$19,610,000
Change: +130% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$19,145,000
Change: +124% · Conversion: Moderate
AUTO REPAIR, GARAGE
$18,025,000
Change: +111% · Conversion: Easy
COMMERCIAL (GENERAL)
$13,745,000
Change: +61% · Conversion: Difficult
OFFICE BUILDING
$11,870,000
Change: +39% · Conversion: Difficult
RETAIL STORES
$11,665,000
Change: +37% · Conversion: Moderate
Blend value · Realmo final
$15.16M
Range $13.64M – $16.67M · ±10% · vs last sale $15.15M (Apr 25 2024)
Last sale anchor
$15.15M
Apr 25 2024
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
$88 / 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
$130,499
Tax year 2023
Assessed value
$2,418,340
Assessed 2023
Previous assessed
$2,418,340
+0.0% YoY
Effective rate
5.40%
On assessed value
Assessed land
$188,630
Assessed improvement
$2,229,710
Land market value
$538,950
Improvement market value
$6,370,600
Total market value
$6,909,550
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2020
Heating
HOT WATER
Cooling
NONE
Buildings
2
Stories
1
Units
1
Total area
173,135 SF
Lot
10.78 ac (469,533 SF)
APN
P6461-059.000-068
UPID
US66-4339839
Jurisdiction
BUTLER
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
MEDICAL BUILDING
Est. value
$19.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$19.1M
AUTO REPAIR, GARAGE
Est. value
$18.0M
COMMERCIAL (GENERAL)
Est. value
$13.7M
OFFICE BUILDING
Est. value
$11.9M
RETAIL STORES
Est. value
$11.7M
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
2020
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
10.78 ac
Current owner
From public records · entity-resolved
Prologis-exchange Na2 Sub 7 LLC
Entity
Free & Clear · 2 yrs held
Mailing address
60 STATE ST STE #2200, BOSTON, MA 02109-1884
Ownership since
2024
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
Apr 25, 2024
$15,152,700
Prologis-exchange Na2 Sub 7 LLC
Dct Industrial Value Fund I LP
Deed
—
May 22, 2018
$900,000
Dct Ent Drive LLC
Jjn Hamilton Ltd
Grant Deed
—
Dec 22, 2016
$3,350,000
Ca-tellco Four LLC
Jjn Hamilton Ltd
Grant Deed
—
Apr 1, 2014
$1,233,000
Jjn Hamilton Ltd
Peter M Lahni JR
Receivers Deed
$1,200,000 · Firstmerit Bank NA
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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