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Property profile & analytics
OFF-MARKET
Estimated value
$4,240,000
Strip malls
245 Rivers Edge, Milford, OH 45150-2592
Entity Owned
1-yr Hold
Free & Clear
Property ID
US66-2814300
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
27,140 SF
Lot
1.84 ac (80,063 SF)
APN
21-07-36.-108
UPID
US66-2814300
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
$3.67M
CAP Approach
CAP
$4.91M
Comparable Approach
Comparable
$5.19M
Blend (final)
Blend
$4.24M
Owner & transaction history
Aei National Income Property Fund V · 1 yrs held
Aei National Income Property Fund V
since 2025
Last sale
$4.1M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.0M
+55.5%
Commercial (general)
$5.6M
+45.9%
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 Milford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milford 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
$3,430,000
ML approach
$3,665,000
CAP Approach
CAP Return
Estimation
6%
$5,320,000
6.5%
$4,910,000
7%
$4,560,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,860,000
Current use
OFFICE BUILDING
$6,000,000
Change: +56% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,630,000
Change: +46% · Conversion: Easy
RETAIL STORES
$3,815,000
Change: -1% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,630,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$4.24M
Range $3.82M – $4.66M · ±10% · vs last sale $4.12M (May 30 2025)
Last sale anchor
$4.12M
May 30 2025
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
$156 / 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
$83,147
Tax year 2023
Assessed value
$715,860
Assessed 2023
Previous assessed
$715,860
+0.0% YoY
Effective rate
11.61%
On assessed value
Assessed land
$167,790
Assessed improvement
$548,070
Land market value
$479,400
Improvement market value
$1,565,900
Total market value
$2,045,300
Applied tax rate
21.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
27,140 SF
Lot
1.84 ac (80,063 SF)
APN
21-07-36.-108
UPID
US66-2814300
Jurisdiction
CLERMONT
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.9M
OFFICE BUILDING
Est. value
$6.0M
COMMERCIAL (GENERAL)
Est. value
$5.6M
RETAIL STORES
Est. value
$3.8M
AUTO REPAIR, GARAGE
Est. value
$3.6M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
1.84 ac
Current owner
From public records · entity-resolved
Aei National Income Property Fund V
Entity
Free & Clear · 1 yrs held
Mailing address
1300 WLS FARGO CTR 30TH E 7TH ST, SAINT PAUL, MN 55101
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2025
$4,122,000
Aei National Income Property Fund V
Aei Accredited Investor Fund Vi LP
Deed
—
Dec 16, 2010
$817,177
Aei Natl Income Proeprty Fund
Aei Property Corp
Grant Deed
—
Dec 16, 2010
$369,047
Aei Natl Income Prop Fund Vii
Aei Property Corp
Grant Deed
—
Dec 16, 2010
$922,618
Aei Natl Income Prop Fund Vii
Aei Property Corp
Grant Deed
—
May 13, 2010
$5,178,388
Aei Property Corp
Peebles Land Ltd
Grant Deed
—
—
—
Peebles Land Ltd
—
Deed Of Trust
related
$3,300,000 · Huntington National 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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