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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Warehouses
124 Commerce Dr Loveland, OH 45140-7726
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US66-0412748
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1988
Total area
5,850 SF
Lot
4.25 ac (185,130 SF)
APN
621-0017-0008-00
UPID
US66-0412748
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
-
FedEx Ship Center Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$365k
CAP Approach
CAP
$475k
Comparable Approach
Comparable
$617k
Blend (final)
Blend
$585k
Owner & transaction history
Big Box Property Woner B LLC · 10 yrs held
Big Box Property Woner B LLC
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$975,000
+169.9%
Restaurant
$885,000
+145.1%
Medical building
$695,000
+92.5%
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 Loveland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Loveland 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
$365,000
CAP Approach
CAP Return
Estimation
6%
$515,000
6.5%
$475,000
7%
$440,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$360,000
Current use
COMMERCIAL (GENERAL)
$975,000
Change: +170% · Conversion: Difficult
RESTAURANT
$885,000
Change: +145% · Conversion: Difficult
MEDICAL BUILDING
$695,000
Change: +93% · Conversion: Difficult
OFFICE BUILDING
$625,000
Change: +73% · Conversion: Difficult
RETAIL STORES
$570,000
Change: +57% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$510,000
Change: +42% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$100 / 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
$62,346
Tax year 2023
Assessed value
$829,289
Assessed 2023
Previous assessed
$870,100
-4.7% YoY
Effective rate
7.52%
On assessed value
Assessed land
$117,757
Assessed improvement
$711,532
Land market value
$336,450
Improvement market value
$2,032,950
Total market value
$2,369,400
Applied tax rate
82.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1988
Heating
YES
Stories
1
Rooms
6
Total area
5,850 SF
Lot
4.25 ac (185,130 SF)
APN
621-0017-0008-00
UPID
US66-0412748
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
$360,000
COMMERCIAL (GENERAL)
Est. value
$975,000
RESTAURANT
Est. value
$885,000
MEDICAL BUILDING
Est. value
$695,000
OFFICE BUILDING
Est. value
$625,000
RETAIL STORES
Est. value
$570,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$510,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
1988
Heating
YES
Stories
1
Rooms
6
Lot
4.25 ac
Current owner
From public records · entity-resolved
Big Box Property Woner B LLC
Entity
Mailing address
101 W ELM ST STE #600, CONSHOHOCKEN, PA 19428-2075
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2024
—
Big Box Property Owner B LLC
—
Deed
related
$726,000,000 · Prudential Insurance Of America
Jan 26, 2021
—
Big Box Property Owner B LLC
—
Deed
related
$554,000,000 · Miscellaneous Ins Co
Jan 6, 2016
—
Big Box Property Woner B LLC
Exeter 124 Commerce LLC
Warranty Deed
$418,000,000 · Teachers Insurance & Annuity
May 10, 2011
$1,800,000
Exeter 124 Commerce LLC
Clp Industrial Properties LLC
Deed Of Trust
related
—
Sep 3, 2004
—
Clp Industrial Properties LLC
Cabot Industrial Properties
Warranty Deed
related
—
Mar 12, 1999
$1,581,300
Cabot Industrial Properties LP
Fe/hemmer
Grant Deed
—
—
—
Big Box Property Owner B LLC
—
Loan Modification
related
$554,000,000 · Miscellaneous Ins Co
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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