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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Industrial properties
12110 Ellington Ct Cincinnati, OH 45249-1000
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US66-2558417
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1989
Total area
15,040 SF
Lot
1.53 ac (66,690 SF)
APN
600-0140-0329-00
UPID
US66-2558417
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
-
Blue Chip Pros General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$715k
CAP Approach
CAP
$1.14M
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$895k
Owner & transaction history
Hopkins Realty INC · 5 yrs held
Hopkins Realty INC
since 2021
Last sale
$875,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.4M
+49.9%
Commercial (general)
$1.3M
+38.1%
Neighborhood: shopping center
$1.3M
+35.5%
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
$765,000
ML approach
$715,000
CAP Approach
CAP Return
Estimation
6%
$1,225,000
6.5%
$1,135,000
7%
$1,050,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$965,000
Current use
RETAIL STORES
$1,445,000
Change: +50% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,330,000
Change: +38% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,305,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$895k
Range $806k – $985k · ±10% · vs last sale $875k (Feb 25 2021)
Last sale anchor
$875k
Feb 25 2021
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
$60 / 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
$22,559
Tax year 2023
Assessed value
$306,249
Assessed 2023
Previous assessed
$289,436
+5.8% YoY
Effective rate
7.37%
On assessed value
Assessed land
$60,455
Assessed improvement
$245,794
Land market value
$172,730
Improvement market value
$702,270
Total market value
$875,000
Applied tax rate
172.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1989
Heating
NONE
Stories
1
Total area
15,040 SF
Lot
1.53 ac (66,690 SF)
APN
600-0140-0329-00
UPID
US66-2558417
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
INDUSTRIAL (GENERAL) Current
Est. value
$965,000
RETAIL STORES
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
INDUSTRIAL (GENERAL) Current
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
1989
Heating
NONE
Stories
1
Lot
1.53 ac
Current owner
From public records · entity-resolved
Hopkins Realty INC
Entity
Mailing address
12110 ELLINGTON CT, CINCINNATI, OH 45249-1000
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2021
—
Hopkins Realty INC
—
Deed
related
$720,000 · Wesbanco Bank INC
Feb 25, 2021
—
Hopkins Realty INC
Nolte Properties LLC
Limited Warranty Deed
—
Dec 4, 2017
—
Nolte Properties LLC
—
Deed
related
$448,000 · First Savings Bank
Nov 30, 2017
—
Nolte Properties LLC
—
Deed
related
$225,000 · Peoples First Savings Bank
Mar 19, 2008
—
Nolte Properties LLC
Ketterer
Warranty Deed
—
—
—
Ketterer Co
—
Deed Of Trust
related
$535,000 · Key Bank & Trust
—
—
Ketterer Co
—
Deed Of Trust
related
$25,000 · Key Bank & Trust
—
—
Nolte Properties LLC
—
Deed Of Trust
related
$512,264 · Key Bank & Trust
—
—
Ketterer Co
—
Deed Of Trust
related
$75,000 · Key Bank & Trust
—
—
Nolte Properties LLC
—
Deed Of Trust
related
$600,000 · Peoples First Svgs Bk
—
—
Nolte Properties LLC
—
Deed Of Trust
related
$25,000 · Key Bank & Trust
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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