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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Motels
2301 Sharon Rd Cincinnati, OH 45241-1843
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US66-0339192
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1987
Total area
13,344 SF
Lot
2.55 ac (110,991 SF)
APN
608-0016-0006-00
UPID
US66-0339192
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
-
Red Roof Inn Cincinnati - Sharonville Hotel & Motel
-
BlassingCleans (Bike/Boat/Book/etc) Store
-
Smiley social media Recording Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$694k
Blend (final)
Blend
$765k
Owner & transaction history
J & N Hospitality LLC · 13 yrs held
J & N Hospitality LLC
since 2012
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+276.3%
Retail stores
$1.2M
+257.4%
Office building
$1.2M
+245.2%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,255,000
Change: +276% · Conversion: Difficult
RETAIL STORES
$1,195,000
Change: +257% · Conversion: Difficult
OFFICE BUILDING
$1,155,000
Change: +245% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$470,000
Change: +40% · Conversion: Difficult
Blend value · Realmo final
$765k
Range $689k – $842k · ±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
$57 / 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
$53,215
Tax year 2023
Assessed value
$800,078
Assessed 2023
Previous assessed
$800,013
+0.0% YoY
Effective rate
6.65%
On assessed value
Assessed land
$328,513
Assessed improvement
$471,565
Land market value
$938,610
Improvement market value
$1,347,330
Total market value
$2,285,940
Applied tax rate
175.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1987
Heating
YES
Stories
1
Total area
13,344 SF
Lot
2.55 ac (110,991 SF)
APN
608-0016-0006-00
UPID
US66-0339192
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
RESTAURANT
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$470,000
RESTAURANT
RETAIL STORES
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
1987
Heating
YES
Stories
1
Lot
2.55 ac
Current owner
From public records · entity-resolved
J & N Hospitality LLC
Entity
Mailing address
10900 CROWNE PT DR, CINCINNATI, OH 45241-2558
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2012
$2,150,000
J & N Hospitality LLC
Rri Nc I LLC
Limited Warranty Deed
$1,770,000 · Spring Valley Bank
Mar 11, 2011
—
Rri Nc I LLC
R-roof IV LLC
Grant Deed
$100,000,000 · Deutsche Bank
Oct 1, 2007
$4,762,456
R Roof IV LLC
Red Elm LLC
Limited Warranty Deed
$310,000,000 · Citigroup Global Markets Realty Cor
Jan 14, 2000
$3,636,100
Red Elm LLC
Red Rood Inns INC
Grant Deed
related
—
—
—
J & N Hospitality LLC
—
Deed Of Trust
related
$2,225,000 · Wrightpatt Cu INC
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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