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Property profile & analytics
FOR SALE
Retail properties & Spaces
1474 Main St Hamilton, OH 45013
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US66-1080928
For Sale
1 / 3
Contact for pricing
1474 Main St, Hamilton, OH 45013
View Listing →
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1989
Total area
69,005 SF
Lot
7.31 ac (318,511 SF)
APN
P6600-134.000-012
UPID
US66-1080928
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
-
Kroger Bakery Bakery Specialty Food Shop
-
Kroger Fuel Center Gas Station
-
Hamilton Meadows Shopping Center Business Service Center Corporate Office
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Kroger Deli Food Market Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.51M
Comparable Approach
Comparable
$3.40M
Blend (final)
Blend
$5.19M
Owner & transaction history
Hamilton Investment Partners LLC
Hamilton Investment Partners LLC
since 2025
Last sale
$5.3M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.8M
+203.7%
Neighborhood: shopping center
$7.6M
+196.5%
Auto repair, garage
$7.2M
+179.1%
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 Hamilton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hamilton 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%
$4,885,000
6.5%
$4,505,000
7%
$4,185,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$7,815,000
Change: +204% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,630,000
Change: +196% · Conversion: Moderate
AUTO REPAIR, GARAGE
$7,185,000
Change: +179% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,480,000
Change: +113% · Conversion: Easy
OFFICE BUILDING
$4,730,000
Change: +84% · Conversion: Easy
WAREHOUSE, STORAGE
$3,405,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$5.19M
Range $4.67M – $5.70M · ±10% · vs last sale $5.30M (Jul 20 2025)
Last sale anchor
$5.30M
Jul 20 2025
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
$75 / 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
$57,373
Tax year 2023
Assessed value
$1,263,670
Assessed 2023
Previous assessed
$1,263,670
+0.0% YoY
Effective rate
4.54%
On assessed value
Assessed land
$468,210
Assessed improvement
$795,460
Land market value
$1,337,740
Improvement market value
$2,272,750
Total market value
$3,610,490
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
For Sale
Year built
1989
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Total area
69,005 SF
Lot
7.31 ac (318,511 SF)
APN
P6600-134.000-012
UPID
US66-1080928
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
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$7.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.6M
AUTO REPAIR, GARAGE
Est. value
$7.2M
COMMERCIAL (GENERAL)
Est. value
$5.5M
OFFICE BUILDING
Est. value
$4.7M
WAREHOUSE, STORAGE
Est. value
$3.4M
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
WAREHOUSE, STORAGE
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
HOT WATER
Cooling
Yes
Stories
1
Lot
7.31 ac
Current owner
From public records · entity-resolved
Hamilton Investment Partners LLC
Entity
Mailing address
1014 VINE ST #7, CINCINNATI, OH 45202-1141
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2025
$5,300,000
Hamilton Investment Partners LLC
Donald M Lerner
Deed
$3,975,000 · Republic Bank & Trust 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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