Back to Search
Property profile & analytics
FOR LEASE
Strip malls
12131 Royal Point Dr Cincinnati, OH 45249
Entity Owned
5-yr Hold
Free & Clear
Property ID
US66-2275959
For Lease
1 / 3
$22.37 SF/Yr
12131 Royal Point Dr, Cincinnati, OH 45249
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1989
Total area
20,160 SF
Lot
2 ac (87,120 SF)
APN
620-0190-0605-00
UPID
US66-2275959
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
-
We Fix It Phone Repair Computer & Electronic Repair Tech Support Center
-
Batteries Plus Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.15M
Blend (final)
Blend
$1.93M
Owner & transaction history
Royal Point Plaza LLC · 5 yrs held
Royal Point Plaza LLC
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.3M
+33.9%
Office building
$2.1M
+22.4%
Retail stores
$1.9M
+10.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,750,000
Current use
MEDICAL BUILDING
$2,340,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$2,140,000
Change: +22% · Conversion: Moderate
RETAIL STORES
$1,935,000
Change: +11% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,785,000
Change: +2% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,695,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$1.93M
Range $1.74M – $2.12M · ±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
$96 / 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
$48,301
Tax year 2023
Assessed value
$628,149
Assessed 2023
Previous assessed
$623,875
+0.7% YoY
Effective rate
7.69%
On assessed value
Assessed land
$371,088
Assessed improvement
$257,061
Land market value
$1,060,250
Improvement market value
$734,460
Total market value
$1,794,710
Applied tax rate
212.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1989
Heating
YES
Cooling
YES
Stories
1
Rooms
3
Total area
20,160 SF
Lot
2 ac (87,120 SF)
APN
620-0190-0605-00
UPID
US66-2275959
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.1M
RETAIL STORES
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
Cooling
Yes
Stories
1
Rooms
3
Lot
2 ac
Current owner
From public records · entity-resolved
Royal Point Plaza LLC
Entity
Free & Clear · 5 yrs held
Mailing address
3808 E LONGRIDGE DR, ORANGE, CA 92867-2115
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2023
—
Famouris Associates INC
—
Deed
related
$500,000 · Bank Of The Bluegrass & Trust Co
Jan 18, 2022
—
Royal Pont Plaza LLC
—
Deed
related
$1,288,509 · Bank Of The Bluegrass & Trust Co
Jul 9, 2021
—
Royal Point Plaza LLC
Famouris Associates INC
Limited Warranty Deed
—
Feb 12, 2020
—
Famouris Associates INC
—
Deed
related
$500,000 · Bank/bluegrass & Tr
Jan 9, 2018
—
Famouris Associates INC
—
Deed
related
$525,000 · Bank/bluegrass & Tr
Dec 30, 2016
$2,665,000
Famouris Associates INC
Royal Pointe Shoppes LLC
Grant Deed
$1,990,000 · Bank/bluegrass & Tr
Jun 27, 2016
—
Royal Pointe Shoppes LLC
Kenneth J Klekamp INC
Quit Claim Deed
related
—
Aug 8, 2013
$1,100,000
Kenneth J Klekamp INC
Royal Pointe LLC
Grant Deed
$1,131,750 · Lebanon Citizens National Bank
Dec 29, 2011
—
Royal Pointe Drive LLC
Dickman,sharon J
Grant Deed
—
—
—
Famouris Associates INC
—
Deed Of Trust
related
$500,000 · Bank/bluegrass & Tr
—
—
Robert G Dickman
—
Deed Of Trust
related
$1,300,000 · Provident Savings Bank
—
—
Famouris Associates INC
—
Loan Modification
related
$525,000 · Bank/bluegrass & Tr
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?”
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.
