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Property profile & analytics
OFF-MARKET
Estimated value
$305,000
Turn key restaurants
1429 Springfield Pike Cincinnati, OH 45215-2193
Individually Owned
4-yr Hold
Free & Clear
Property ID
US66-5987739
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1990
Total area
3,914 SF
Lot
0.51 ac (22,259 SF)
APN
592-0001-0052-00
UPID
US66-5987739
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
-
LaRosa's Pizza Wyoming Restaurant
-
Ooh La Locks Hair Room Cosmetic Store Big Box & Wholesale Store
-
Wyoming Tours & Travel Travel Agency
-
Wyoming Hair Salon Hair Salon Nail Salon
-
Star Nail I Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$592k
Blend (final)
Blend
$305k
Owner & transaction history
Thomas J Westendorf · 4 yrs held
Thomas J Westendorf
since 2021
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$720,000
+10.2%
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
RESTAURANT
$650,000
Current use
AUTO REPAIR, GARAGE
$720,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$305k
Range $275k – $336k · ±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
$78 / 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
$14,472
Tax year 2023
Assessed value
$195,089
Assessed 2023
Previous assessed
$187,044
+4.3% YoY
Effective rate
7.42%
On assessed value
Assessed land
$90,401
Assessed improvement
$104,688
Land market value
$258,290
Improvement market value
$299,110
Total market value
$557,400
Applied tax rate
241.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1990
Heating
YES
Stories
1
Rooms
3
Bathrooms
1
Total area
3,914 SF
Lot
0.51 ac (22,259 SF)
APN
592-0001-0052-00
UPID
US66-5987739
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
RESTAURANT Current
Est. value
$650,000
AUTO REPAIR, GARAGE
Est. value
$720,000
RESTAURANT Current
AUTO REPAIR, GARAGE
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
1990
Heating
YES
Stories
1
Rooms
3
Bathrooms
1
Lot
0.51 ac
Current owner
From public records · entity-resolved
Thomas J Westendorf
Individual
Free & Clear · 4 yrs held
Mailing address
43 BONHAM RD, CINCINNATI, OH 45215-2051
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2021
—
Thomas J Westendorf
Gregory P Westendorf
Intrafamily Transfer
related
—
Oct 3, 2006
—
Joseph A Westendorf
Westendorf Joseph A Trust
Quit Claim Deed
related
—
—
—
Westendorf Trust
—
Deed Of Trust
related
$80,000 · Firstar Bank
—
—
Westendorf Trust
—
Deed Of Trust
related
$700,302 · Firstar Bank
—
—
Westendorf,joseph A Trust
—
Deed Of Trust
related
$200,000 · Stockyard Bk&tr
—
—
Westendorf,joseph A Trust
—
Loan Modification
related
$320,000 · Stockyard Bk&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.
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