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Property profile & analytics
OFF-MARKET
Estimated value
$28,425,000
Retail residential properties
220-236 8th St, Cincinnati, OH 45202
Entity Owned
9-yr Hold
Free & Clear
Property ID
US66-1735977
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1903
Total area
183,120 SF
Lot
0.48 ac (21,039 SF)
APN
079-0004-0084-00
UPID
US66-1735977
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
by Request
CAP Approach
CAP
$34.23M
Comparable Approach
Comparable
$19.02M
Blend (final)
Blend
$28.43M
Owner & transaction history
Gsrc Power LLC · 9 yrs held
Gsrc Power LLC
since 2016
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$33.6M
+40.3%
Restaurant
$30.5M
+27.3%
Office building
$24.1M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$37,080,000
6.5%
$34,230,000
7%
$31,785,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$23,925,000
Current use
AUTO REPAIR, GARAGE
$33,575,000
Change: +40% · Conversion: Difficult
RESTAURANT
$30,470,000
Change: +27% · Conversion: Difficult
OFFICE BUILDING
$24,050,000
Change: +1% · Conversion: Easy
MEDICAL BUILDING
$21,270,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$28.43M
Range $25.58M – $31.27M · ±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
$155 / 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
$64,470
Tax year 2023
Assessed value
$10,147,409
Assessed 2023
Previous assessed
$6,904,783
+47.0% YoY
Effective rate
0.64%
On assessed value
Assessed land
$563,321
Assessed improvement
$9,584,088
Land market value
$1,609,490
Improvement market value
$27,383,110
Total market value
$28,992,600
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1903
Heating
YES
Cooling
YES
Stories
10
Total area
183,120 SF
Lot
0.48 ac (21,039 SF)
APN
079-0004-0084-00
UPID
US66-1735977
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
$23.9M
AUTO REPAIR, GARAGE
Est. value
$33.6M
RESTAURANT
Est. value
$30.5M
OFFICE BUILDING
Est. value
$24.1M
MEDICAL BUILDING
Est. value
$21.3M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RESTAURANT
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
1903
Heating
YES
Cooling
Yes
Stories
10
Lot
0.48 ac
Current owner
From public records · entity-resolved
Gsrc Power LLC
Entity
Free & Clear · 9 yrs held
Mailing address
4500 BLDG 7TH B STE B, INDIANAPOLIS, IN 46256
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2016
$25,400,000
Gsrc Power LLC
Power Building Associates Ltd
Warranty Deed
related
—
Feb 12, 2004
—
Power Building Associates Ltd
—
Deed Of Trust
related
$13,600,000 · Pnc Bank
Jun 27, 1997
$550,000
Power Building Assoc Ltd
Baylis Brothers INC
Grant Deed
$700,000 · Provident Savings Bank
—
—
Power Building Associates Ltd
—
Deed Of Trust
related
$20,000,000 · 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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