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Property profile & analytics
OFF-MARKET
Estimated value
$1,255,000
Manufacturing properties
2235 Langdon Farm Rd, Cincinnati, OH 45237-4712
Entity Owned
6-yr Hold
Free & Clear
Property ID
US66-1541707
Property profile
Verified
Property type
Manufacturing properties
Use group
FACTORY (MANUFACTURING)
Year built
1930
Total area
17,980 SF
Lot
68.85 ac (2,999,106 SF)
APN
120-0004-0005-00
UPID
US66-1541707
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
-
Hilton Davis Chemical Co Library Community Center
-
Hilton Davis Emp Fcu Credit Union
-
DyStar Hilton Davis Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.36M
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$1.26M
Owner & transaction history
Dystar Hilton Davis Corp · 6 yrs held
Dystar Hilton Davis Corp
since 2020
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.1M
+81.5%
Office building
$1.9M
+65.8%
Retail stores
$1.7M
+49.9%
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%
$1,465,000
6.5%
$1,355,000
7%
$1,255,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,150,000
Current use
MEDICAL BUILDING
$2,090,000
Change: +81% · Conversion: Difficult
OFFICE BUILDING
$1,910,000
Change: +66% · Conversion: Difficult
RETAIL STORES
$1,725,000
Change: +50% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,590,000
Change: +38% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,560,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$1.26M
Range $1.13M – $1.38M · ±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
$70 / 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
$132,363
Tax year 2023
Assessed value
$1,604,536
Assessed 2023
Previous assessed
$1,452,028
+10.5% YoY
Effective rate
8.25%
On assessed value
Assessed land
$605,671
Assessed improvement
$998,865
Land market value
$1,730,490
Improvement market value
$2,853,900
Total market value
$4,584,390
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
Manufacturing properties
Use group
FACTORY (MANUFACTURING)
Status
Off-Market
Year built
1930
Heating
YES
Total area
17,980 SF
Lot
68.85 ac (2,999,106 SF)
APN
120-0004-0005-00
UPID
US66-1541707
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$2.1M
OFFICE BUILDING
Est. value
$1.9M
RETAIL STORES
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1930
Heating
YES
Lot
68.85 ac
Current owner
From public records · entity-resolved
Dystar Hilton Davis Corp
Entity
Free & Clear · 6 yrs held
Mailing address
2235 LANGDON FARM RD, CINCINNATI, OH 45237-4712
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2020
—
Dystar Hilton Davis Corp
Eastman Kodak Co
Grant Deed
related
—
Apr 24, 2014
—
Eastman Kodak Co
Npec INC
Grant Deed
—
May 23, 2006
—
Emerald Hilton Davis LLC
—
Deed Of Trust
related
$237,500,000 · Ableco Finance LLC
Mar 31, 2003
—
Npec INC
Sdi Divestiture Corp
Grant Deed
related
—
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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