Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,430,000
Warehouses
2106 Florence Ave Cincinnati, OH 45206-2427
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US66-0411398
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1957
Total area
12,194 SF
Lot
0.95 ac (41,382 SF)
APN
071-0003-0082-00
UPID
US66-0411398
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
-
IGEL Technology Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
Nomachine Electronics & Wireless Store
-
NoMachine, Americas Electronics & Wireless Store
-
Computer Products Corp. (CPC) Information Services
-
Theatre IV Cinema Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.42M
CAP Approach
CAP
$1.91M
Comparable Approach
Comparable
$1.40M
Blend (final)
Blend
$1.43M
Owner & transaction history
2106 Florence Avenue LLC · 6 yrs held
2106 Florence Avenue LLC
since 2020
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.2M
+196.1%
Restaurant
$2.0M
+168.7%
Medical building
$1.4M
+87.6%
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
$1,385,000
ML approach
$1,415,000
CAP Approach
CAP Return
Estimation
6%
$2,065,000
6.5%
$1,905,000
7%
$1,770,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,235,000
Change: +196% · Conversion: Easy
RESTAURANT
$2,030,000
Change: +169% · Conversion: Difficult
MEDICAL BUILDING
$1,415,000
Change: +88% · Conversion: Difficult
OFFICE BUILDING
$1,295,000
Change: +71% · Conversion: Difficult
RETAIL STORES
$1,170,000
Change: +55% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,060,000
Change: +40% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,025,000
Change: +36% · Conversion: Difficult
Blend value · Realmo final
$1.43M
Range $1.29M – $1.57M · ±10% · vs last sale $1.48M (Feb 20 2020)
Last sale anchor
$1.48M
Feb 20 2020
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
$117 / 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
$37,196
Tax year 2023
Assessed value
$452,498
Assessed 2023
Previous assessed
$516,251
-12.3% YoY
Effective rate
8.22%
On assessed value
Assessed land
$29,547
Assessed improvement
$422,951
Land market value
$84,420
Improvement market value
$1,208,430
Total market value
$1,292,850
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1957
Heating
YES
Stories
1
Rooms
11
Total area
12,194 SF
Lot
0.95 ac (41,382 SF)
APN
071-0003-0082-00
UPID
US66-0411398
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
AUTO REPAIR, GARAGE
Est. value
$2.2M
RESTAURANT
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.0M
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
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
1957
Heating
YES
Stories
1
Rooms
11
Lot
0.95 ac
Current owner
From public records · entity-resolved
2106 Florence Avenue LLC
Entity
Mailing address
100 E RIVERCENTER BLVD STE #1100, COVINGTON, KY 41011-1577
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2020
$1,475,000
2106 Florence Avenue LLC
Source Ents Ltd
Grant Deed
$1,108,000 · Peoples Bk/mt Washington
Jan 6, 2020
—
Source Ents LLC
Source Ents LLC
Correction Deed
related
—
Feb 19, 1998
$545,000
Source Enterprises Ltd
Chas V Maescher & Co INC
Grant Deed
—
Jan 21, 1998
—
George L Xanders Trustee
Maescher Industries INC
Grant Deed
related
—
Sep 4, 1997
—
Maescher Industries INC
—
Deed Of Trust
related
$3,727,000 · Fifth Third Bank
—
—
Source Ents Ltd
—
Loan Modification
related
$217,760 · Huntington National Bank
—
—
Source Ents Ltd
—
Loan Modification
related
$5,000,000 · Huntington Nat'l Bk
—
—
Source Ents Ltd
—
Loan Modification
related
$5,000,000 · Huntington Nat'l Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2106 Florence Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
