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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Investment properties
1600 Sycamore St Cincinnati, OH 45202-6523
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-1129206
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1850
Total area
3,920 SF
Lot
0.08 ac (3,441 SF)
APN
086-0002-0227-00
UPID
US66-1129206
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$610k
CAP Approach
CAP
$735k
Comparable Approach
Comparable
$568k
Blend (final)
Blend
$630k
Owner & transaction history
Patrick John Gallagher · 3 yrs held
Patrick John Gallagher
since 2023
Last sale
$629,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$720,000
+40.3%
Office building
$515,000
+0.5%
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 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
$645,000
ML approach
$610,000
CAP Approach
CAP Return
Estimation
6%
$795,000
6.5%
$735,000
7%
$680,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$510,000
Current use
AUTO REPAIR, GARAGE
$720,000
Change: +40% · Conversion: Difficult
OFFICE BUILDING
$515,000
Change: +1% · Conversion: Easy
MEDICAL BUILDING
$455,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$630k
Range $567k – $693k · ±10% · vs last sale $629k (Jun 14 2023)
Last sale anchor
$629k
Jun 14 2023
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
$161 / 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
$7,186
Tax year 2023
Assessed value
$87,086
Assessed 2023
Previous assessed
$66,858
+30.3% YoY
Effective rate
8.25%
On assessed value
Assessed land
$6,793
Assessed improvement
$80,293
Land market value
$19,410
Improvement market value
$229,410
Total market value
$248,820
Applied tax rate
1.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1850
Heating
YES
Stories
2
Rooms
8
Total area
3,920 SF
Lot
0.08 ac (3,441 SF)
APN
086-0002-0227-00
UPID
US66-1129206
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
COMMERCIAL (GENERAL) Current
Est. value
$510,000
AUTO REPAIR, GARAGE
Est. value
$720,000
OFFICE BUILDING
Est. value
$515,000
MEDICAL BUILDING
Est. value
$455,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
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
1850
Heating
YES
Stories
2
Rooms
8
Lot
0.08 ac
Current owner
From public records · entity-resolved
Patrick John Gallagher
Individual
Mailing address
1600 SYCAMORE ST, CINCINNATI, OH 45202-6523
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Jun 14, 2023
$629,000
Patrick John Gallagher
1600 Sycamore Street LLC
Survivorship Deed
$649,757 · Mortgage Research Center LLC
Aug 30, 2021
—
1600 Sycamore Street LLC
Olika Licensing INC
Limited Warranty Deed
—
Nov 1, 2007
—
Olika Licensing INC
Siebert,steven G & Lori A
Grant Deed
related
—
Oct 5, 2007
—
Olika Licensing INC
Siebert,steven G & Lori A
Warranty Deed
—
—
—
Steve G Siebert
—
Deed Of Trust
related
$167,561 · Pnc Bank
—
—
Steven G Siebert
—
Deed Of Trust
related
$175,000 · Fifth Third Bank N Kentucky
—
—
Steve G Siebert
—
Deed Of Trust
related
$170,843 · Pnc Bank
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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