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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Apartment buildings
2544 Spindlehill Dr Cincinnati, OH 45230-1047
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-1957414
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1977
Total area
5,030 SF
Lot
7.53 ac (328,094 SF)
APN
004-0007-0109-00
UPID
US66-1957414
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
$305k
CAP Approach
CAP
$575k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$505k
Owner & transaction history
Jetz Service Co INC · 1 yrs held
Jetz Service Co INC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$835,000
+98.0%
Medical building
$585,000
+38.2%
Retail stores
$485,000
+14.2%
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
$305,000
CAP Approach
CAP Return
Estimation
6%
$625,000
6.5%
$575,000
7%
$535,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$425,000
Current use
RESTAURANT
$835,000
Change: +98% · Conversion: Difficult
MEDICAL BUILDING
$585,000
Change: +38% · Conversion: Moderate
RETAIL STORES
$485,000
Change: +14% · Conversion: Difficult
COMMERCIAL (GENERAL)
$445,000
Change: +5% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$435,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$100 / 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
$136,309
Tax year 2023
Assessed value
$1,656,077
Assessed 2023
Previous assessed
$1,243,022
+33.2% YoY
Effective rate
8.23%
On assessed value
Assessed land
$277,200
Assessed improvement
$1,378,877
Land market value
$792,000
Improvement market value
$3,939,650
Total market value
$4,731,650
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1977
Heating
YES
Stories
2
Total area
5,030 SF
Lot
7.53 ac (328,094 SF)
APN
004-0007-0109-00
UPID
US66-1957414
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
$425,000
RESTAURANT
Est. value
$835,000
MEDICAL BUILDING
Est. value
$585,000
RETAIL STORES
Est. value
$485,000
COMMERCIAL (GENERAL)
Est. value
$445,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$435,000
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
MEDICAL 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
1977
Heating
YES
Stories
2
Lot
7.53 ac
Current owner
From public records · entity-resolved
Jetz Service Co INC
Entity
Mailing address
255 E 5TH ST STE #2300, CINCINNATI, OH 45202-4723
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2025
—
Jetz Service Co INC
Deer Valley Apartments Ltd
Deed
—
Jul 1, 2022
—
Deer Valley Apartments Ltd
—
Deed
related
$24,014,000 · Bellwether Enterprise Real Estate Capita
May 16, 2018
—
Deer Valley Apartments Ltd
—
Grant Deed
related
$4,300,000 · Bellwether Ent R/e Cap
Dec 19, 2000
—
Deer Valley Apartments Ltd
—
Deed Of Trust
related
$10,560,000 · Ami Capital INC
Feb 17, 1999
—
Deer Valley Apartmens Ltd
Spindlehill Apartments II
Trustees Deed
related
—
Aug 21, 1998
—
Deer Valley Apartments Lrd
—
Deed Of Trust
related
$4,900,000 · Star Bank
Aug 20, 1998
—
Deer Valley Apartments Ltd
Spindlehill Apartments Ltd
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.
Try Rey
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