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Property profile & analytics
FOR LEASE
Retail properties & Spaces
1560 Main St Hamilton, OH 45013
Entity Owned
23-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-1080927
For Lease
1 / 3
Contact for pricing
1560 Main St, Hamilton, OH 45013
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Property summary
AI-generated overview
This exceptional retail opportunity is located inside a high-traffic Meijer store in Hamilton, Ohio, at 1560 Main St, zip code 45013. The space, totaling 838 square feet, is currently vacant and divisible into units ranging from 350 to 488 contiguous square feet. This "store-within-a-store" concept offers unparalleled visibility and access to thousands of weekly customers. The all-inclusive monthly fee covers real estate taxes, property insurance, CAM, and utilities. Prime, front-of-store placement ensures maximum customer interaction. Branding opportunities include both interior and exterior signage. The location benefits from exceptional demographics within a thriving trade area in Butler County. This space is ideal for a variety of businesses, including financial institutions, food and beverage vendors, service businesses, and health and wellness providers. The property offers a unique chance to establish a presence in a well-known Midwest retail destination.
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1994
Total area
214,152 SF
Lot
28.31 ac (1,233,096 SF)
APN
P6600-134.000-015
UPID
US66-1080927
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
-
higi Physician
-
Primo Water Refill & Exchange Big Box & Wholesale Store
-
Meijer Pharmacy Pharmacy
-
Western Union Bank Credit Union
-
Quick-Tag (Bike/Boat/Book/etc) Store Pet Store & Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.99M
Comparable Approach
Comparable
$6.70M
Blend (final)
Blend
$10.61M
Owner & transaction history
MEIJER STORES PRT
MEIJER STORES PRT
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$17.0M
+112.9%
Office building
$14.7M
+83.8%
Warehouse, storage
$10.6M
+32.2%
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 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%
$15,155,000
6.5%
$13,990,000
7%
$12,990,000
Alternative Use
Use
Estimation
RETAIL STORES
$7,990,000
Current use
COMMERCIAL (GENERAL)
$17,005,000
Change: +113% · Conversion: Easy
OFFICE BUILDING
$14,680,000
Change: +84% · Conversion: Easy
WAREHOUSE, STORAGE
$10,560,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$10.61M
Range $9.54M – $11.67M · ±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
$50 / 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
$113,227
Tax year 2023
Assessed value
$2,493,860
Assessed 2023
Previous assessed
$2,493,860
+0.0% YoY
Effective rate
4.54%
On assessed value
Assessed land
$1,094,760
Assessed improvement
$1,399,100
Land market value
$3,127,890
Improvement market value
$3,997,420
Total market value
$7,125,310
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 Lease
Year built
1994
Heating
HOT WATER
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Total area
214,152 SF
Lot
28.31 ac (1,233,096 SF)
APN
P6600-134.000-015
UPID
US66-1080927
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
RETAIL STORES Current
Est. value
$8.0M
COMMERCIAL (GENERAL)
Est. value
$17.0M
OFFICE BUILDING
Est. value
$14.7M
WAREHOUSE, STORAGE
Est. value
$10.6M
RETAIL STORES Current
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
1994
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
28.31 ac
Current owner
From public records · entity-resolved
MEIJER STORES PRT
Individual
Free & Clear · 0 yrs held
Mailing address
2929 WALKER AVE NW, GRAND RAPIDS, MI 49544-6402
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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