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Property profile & analytics
OFF-MARKET
Estimated value
$1,480,000
Warehouses
11840 Kemper Spgs Dr Cincinnati, OH 45240-4130
Entity Owned
2-yr Hold
Free & Clear
Property ID
US66-2022691
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1988
Total area
17,495 SF
Lot
1.6 ac (69,609 SF)
APN
591-0015-0021-00
UPID
US66-2022691
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
$1.53M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.48M
Owner & transaction history
Chromium Ventures LLC · 2 yrs held
Chromium Ventures LLC
since 2023
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.0M
+87.6%
Office building
$1.9M
+71.4%
Retail stores
$1.7M
+54.9%
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
$1,490,000
ML approach
$1,525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,085,000
Current use
MEDICAL BUILDING
$2,030,000
Change: +88% · Conversion: Difficult
OFFICE BUILDING
$1,855,000
Change: +71% · Conversion: Difficult
RETAIL STORES
$1,680,000
Change: +55% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,545,000
Change: +43% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,515,000
Change: +40% · Conversion: Moderate
Blend value · Realmo final
$1.48M
Range $1.33M – $1.63M · ±10% · vs last sale $1.45M (Aug 30 2023)
Last sale anchor
$1.45M
Aug 30 2023
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
$85 / 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
$13,362
Tax year 2023
Assessed value
$136,616
Assessed 2023
Previous assessed
$136,616
+0.0% YoY
Effective rate
9.78%
On assessed value
Assessed land
$56,277
Assessed improvement
$80,339
Land market value
$160,790
Improvement market value
$229,540
Total market value
$390,330
Applied tax rate
239.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1988
Heating
YES
Cooling
YES
Stories
1
Rooms
5
Total area
17,495 SF
Lot
1.6 ac (69,609 SF)
APN
591-0015-0021-00
UPID
US66-2022691
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
WAREHOUSE, STORAGE Current
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.9M
RETAIL STORES
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
WAREHOUSE, STORAGE Current
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
1988
Heating
YES
Cooling
Yes
Stories
1
Rooms
5
Lot
1.6 ac
Current owner
From public records · entity-resolved
Chromium Ventures LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1435 HUNTINGTON AVE STE #336, BURLINGAME, CA 94010
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2023
$1,450,000
Chromium Ventures LLC
Kemper Springs Partners LLC
Limited Warranty Deed
—
Apr 10, 2023
—
Kemper Springs Partners LLC
Mas Tri State Properties LLC
Limited Warranty Deed
$1,600,000 · Centerbank
Nov 25, 2013
$790,000
Mas Tri State Properties LLC
Jmb Commercial LLC
Warranty Deed
$371,795 · Emery FCU
Mar 13, 2000
—
Jmb Commercial LLC
Smith,jeffrey R & Maribeth
Grant Deed
related
—
Aug 30, 1999
$1,075,000
Jeffrey R Smith
Kemperspring Realty Ltd
Grant Deed
—
—
—
Mas Tri-state Properties LLC
—
Deed Of Trust
related
$509,744 · Emery FCU
—
—
Mas Tri-state Properties LLC
—
Loan Modification
related
$509,744 · Emery FCU
—
—
Mas Tri-state Properties LLC
—
Deed Of Trust
related
$384,000 · Access Business Dev & Finance
—
—
Jmb Commercial LLC
—
Deed Of Trust
related
$200,000 · United Community Bank
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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