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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Apartment buildings
2300 Walden Gln Cir Cincinnati, OH 45231-1402
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-2754146
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1971
Total area
3,996 SF
Lot
14.27 ac (621,427 SF)
APN
510-0031-0781-00
UPID
US66-2754146
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
-
The Parkton Apartment Complex
-
Ashley Woods Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$365k
CAP Approach
CAP
$650k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$510k
Owner & transaction history
Spectrum Mid America LLC · 1 yrs held
Spectrum Mid America LLC
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$735,000
+118.2%
Medical building
$465,000
+38.2%
Office building
$425,000
+26.3%
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
$365,000
CAP Approach
CAP Return
Estimation
6%
$705,000
6.5%
$650,000
7%
$605,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$335,000
Current use
AUTO REPAIR, GARAGE
$735,000
Change: +118% · Conversion: Difficult
MEDICAL BUILDING
$465,000
Change: +38% · Conversion: Moderate
OFFICE BUILDING
$425,000
Change: +26% · Conversion: Moderate
RETAIL STORES
$385,000
Change: +14% · Conversion: Difficult
COMMERCIAL (GENERAL)
$355,000
Change: +5% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$345,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$128 / 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
$286,268
Tax year 2023
Assessed value
$3,712,814
Assessed 2023
Previous assessed
$2,519,899
+47.3% YoY
Effective rate
7.71%
On assessed value
Assessed land
$545,300
Assessed improvement
$3,167,514
Land market value
$1,558,000
Improvement market value
$9,050,040
Total market value
$10,608,040
Applied tax rate
141.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1971
Heating
YES
Stories
2
Total area
3,996 SF
Lot
14.27 ac (621,427 SF)
APN
510-0031-0781-00
UPID
US66-2754146
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$335,000
AUTO REPAIR, GARAGE
Est. value
$735,000
MEDICAL BUILDING
Est. value
$465,000
OFFICE BUILDING
Est. value
$425,000
RETAIL STORES
Est. value
$385,000
COMMERCIAL (GENERAL)
Est. value
$355,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$345,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
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
1971
Heating
YES
Stories
2
Lot
14.27 ac
Current owner
From public records · entity-resolved
Spectrum Mid America LLC
Entity
Mailing address
4101 CASHARD AVE, INDIANAPOLIS, IN 46203-6044
Ownership since
2024
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
Jul 26, 2024
—
Spectrum Mid America LLC
Nprc Parkton LLC
Agreement Of Sale
—
Jan 22, 2024
—
Nprc Parkton LLC
The Parkton Apartments Of Cincinnat
Limited Warranty Deed
—
Aug 10, 2021
—
The Parkton Apartments Of Cincinnat
—
Deed
related
$34,500,000 · Merchants Bank Of Indiana
Jan 15, 2019
—
Parkton Apartments Of Cincinnati Ll
Ashley Woods Acquisition LLC
Limited Warranty Deed
$23,750,000 · Merchants Bank Of Indiana
Jun 6, 2014
$9,700,000
Ashley Woods Apartments LP
Ashley Woods LP
Trustees Deed
$7,425,000 · Greystone Svcg
Apr 8, 2014
—
Ashley Woods LP
Ashley Woods LP
Quit Claim Deed
—
Jun 28, 2004
—
Ashley Woods
—
Deed Of Trust
related
$10,000,000 · Morgan Stanley Mtg Capital INC
Jul 12, 2001
$12,015,000
Ashley Woods LLC
—
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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