Back to Search
Property profile & analytics
OFF-MARKET
Office buildings
1201 1st Ave Middletown, OH 45044
Individually Owned
2-yr Hold
Free & Clear
Property ID
US66-0821442
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1924
Total area
8,278 SF
Lot
0.1 ac (4,224 SF)
APN
Q6511-007.000-009
UPID
US66-0821442
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Dorsey Sampson · 2 yrs held
Dorsey Sampson
since 2024
Last sale
$125,000
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 Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,673
Tax year 2023
Assessed value
$27,870
Assessed 2023
Previous assessed
$6,900
+303.9% YoY
Effective rate
6.00%
On assessed value
Assessed land
$1,040
Assessed improvement
$26,830
Land market value
$2,960
Improvement market value
$76,670
Total market value
$79,630
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1924
Heating
NONE
Cooling
NONE
Stories
3
Total area
8,278 SF
Lot
0.1 ac (4,224 SF)
APN
Q6511-007.000-009
UPID
US66-0821442
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
Building & site characteristics
From public records
Year built
1924
Heating
NONE
Cooling
Yes
Stories
3
Lot
0.1 ac
Current owner
From public records · entity-resolved
Dorsey Sampson
Individual
Free & Clear · 2 yrs held
Mailing address
1342 RANDOMHILL RD, CINCINNATI, OH 45231-2432
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2026
—
Dorsey Sampson
—
Deed
related
$166,000 · Flippin Loan LLC
Jun 26, 2024
$125,000
Dorsey Sampson
Jamel Givens
Warranty Deed
—
Jun 27, 2022
$99,900
Jamel Givens
Wafa Braun
Warranty Deed
—
Nov 21, 2017
—
Incubator Canal B Trust
Fatna Rahemi
Quit Claim Deed
related
—
Mar 15, 2011
$15,000
Fatna Rahemi
Ib Property Holdings LLC
Grant Deed
—
Jul 9, 2007
$154,466
Ib Property Holdings LLC
Sheriff Of Butler County
Trustees Deed
related
—
Mar 4, 2003
$400,000
Great Miami Real Estates LLC
Frasik,arthur W
Grant Deed
—
Mar 4, 2003
—
Arthur W Frasik
Pitts,m Tr
Quit Claim 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.
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 1201 1st Ave?
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.
