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Property profile & analytics
OFF-MARKET
Estimated value
$1,850,000
Warehouses
2488 Riv Rd Cincinnati, OH 45204-1359
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-2335514
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2015
Total area
36,050 SF
Lot
0.49 ac (21,170 SF)
APN
151-0002-0014-00
UPID
US66-2335514
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
-
Nelson Taylor Car Dealership Shipping Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.25M
Blend (final)
Blend
$1.85M
Owner & transaction history
Caldwell & Caldwell Properties LLC · 1 yrs held
Caldwell & Caldwell Properties LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
WAREHOUSE, STORAGE
$2,235,000
Current use
Blend value · Realmo final
$1.85M
Range $1.67M – $2.04M · ±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
$51 / 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
$39,145
Tax year 2023
Assessed value
$475,262
Assessed 2023
Previous assessed
$504,830
-5.9% YoY
Effective rate
8.24%
On assessed value
Assessed land
$9,447
Assessed improvement
$465,815
Land market value
$26,990
Improvement market value
$1,330,900
Total market value
$1,357,890
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
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2015
Heating
NONE
Stories
2
Rooms
11
Total area
36,050 SF
Lot
0.49 ac (21,170 SF)
APN
151-0002-0014-00
UPID
US66-2335514
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
WAREHOUSE, STORAGE Current
Est. value
$2.2M
WAREHOUSE, STORAGE Current
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
2015
Heating
NONE
Stories
2
Rooms
11
Lot
0.49 ac
Current owner
From public records · entity-resolved
Caldwell & Caldwell Properties LLC
Entity
Mailing address
2490 RIV RD, CINCINNATI, OH 45204-1359
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2025
$540,000
Caldwell & Caldwell Properties LLC
Riverside Property Investments LLC
Warranty Deed
—
Nov 15, 2021
—
Riverside Property Investments LLC
—
Deed
related
$200,000 · Centerbank
Mar 23, 2021
—
Riverside Property Investments Lc
—
Deed
related
$205,700 · Centerbank
Oct 10, 2019
—
Riverside Prop Invs LLC
—
Deed
related
$585,000 · Centerbank
Nov 16, 2018
—
Riverside Prop Invs LLC
—
Trustees Deed
related
$260,000 · Centerbank
Mar 8, 2018
—
Collins Riverside Dev LLC
Stone Ethan Trust
Quit Claim Deed
related
—
Jun 8, 2017
—
Riverside Prop Investments LLC
—
Trustees Deed
related
$496,000 · Centerbank
Jun 2, 2017
—
Riverside Prop Investments LLC
Collins Riverside Dev LLC
Quit Claim Deed
—
May 19, 2008
—
Collins Riverside Dev LLC
Murdock INC
Warranty Deed
—
—
—
Riverside Prop Invs LLC
—
Loan Modification
related
$585,000 · Centerbank
—
—
Collins Riverside Dev LLC
—
Deed Of Trust
related
$800,000 · Kirkland Fin'l
—
—
Collins Riverside Dev LLC
—
Deed Of Trust
related
$300,000 · Kirkland Fin'l
—
—
Murdock INC
—
Deed Of Trust
related
$255,000 · Sycamore 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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