Technical
Financial
Distress signals
Property profile

1584 Smt Rd Cincinnati, OH 45237

OFF-MARKET
Parking lots & garages
Property ID
US66-6201891
1,533 SF 0.35 ac lot Built 1927
Individually Owned 18-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional mixed-use property at 1584 Summit Road in Cincinnati, Ohio, presents a compelling value-add investment opportunity. The property, built in 1927, comprises two buildings totaling 3,199 square feet on a 0.353-acre lot. Currently configured as a residential home combined with a garage previously used as an auto shop, it offers significant redevelopment potential. The property is zoned B-2, allowing for a variety of uses. The asking price is $299,000, translating to a price per square foot of $93.47. The property's layout is ideal for an owner-operator, with convenient living quarters adjacent to the ample garage space. The substantial lot size provides ample room for storage, vehicle parking, and potential expansion. The Hamilton County location, with the property's APN 590-0062-0253-00, and its convenient access to Cincinnati's amenities, further enhance its appeal. This property is being offered for sale by owner. This is a rare chance to acquire a versatile property with significant upside in a desirable location. The property's Class C designation reflects its potential for renovation and improvement.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 1927
Construction FRAME
Total area 1,533 SF
Lot 0.35 ac (15,377 SF)
APN 590-0062-0253-00
UPID US66-6201891

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop

Location

1584 Smt Rd Cincinnati, OH 45237-1904
Cincinnati metro Census 11000 CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2007
Last sale
$220,000
2 recorded transactions
2007
Price N/A
2004
$150,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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