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Property profile & analytics
OFF-MARKET
Estimated value
$2,965,000
Retail space
2719 Erie Ave Cincinnati, OH 45208-2103
Entity Owned
2-yr Hold
Free & Clear
Property ID
US66-1505071
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1932
Total area
12,979 SF
Lot
0.59 ac (25,918 SF)
APN
041-0003-0028-00
UPID
US66-1505071
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
-
45/46 Fine Men's Apparel Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.02M
CAP Approach
CAP
$2.30M
Comparable Approach
Comparable
$2.71M
Blend (final)
Blend
$2.97M
Owner & transaction history
Hpsrd LLC · 2 yrs held
Hpsrd LLC
since 2023
Last sale
$3.0M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.4M
+91.1%
Restaurant
$2.2M
+73.4%
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
$3,185,000
ML approach
$3,020,000
CAP Approach
CAP Return
Estimation
6%
$2,495,000
6.5%
$2,300,000
7%
$2,140,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,380,000
Change: +91% · Conversion: Difficult
RESTAURANT
$2,160,000
Change: +73% · Conversion: Easy
Blend value · Realmo final
$2.97M
Range $2.67M – $3.26M · ±10% · vs last sale $2.96M (Dec 19 2023)
Last sale anchor
$2.96M
Dec 19 2023
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
$228 / 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
$70,619
Tax year 2023
Assessed value
$854,315
Assessed 2023
Previous assessed
$822,501
+3.9% YoY
Effective rate
8.27%
On assessed value
Assessed land
$236,306
Assessed improvement
$618,009
Land market value
$675,160
Improvement market value
$1,765,740
Total market value
$2,440,900
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1932
Heating
YES
Stories
1
Rooms
4
Total area
12,979 SF
Lot
0.59 ac (25,918 SF)
APN
041-0003-0028-00
UPID
US66-1505071
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
AUTO REPAIR, GARAGE
Est. value
$2.4M
RESTAURANT
Est. value
$2.2M
AUTO REPAIR, GARAGE
RESTAURANT
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
1932
Heating
YES
Stories
1
Rooms
4
Lot
0.59 ac
Current owner
From public records · entity-resolved
Hpsrd LLC
Entity
Free & Clear · 2 yrs held
Mailing address
5905 E GALBRAITH RD STE #4100, CINCINNATI, OH 45236-0704
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2023
$2,957,820
Hpsrd LLC
Hp Square Retail LLC
Limited Warranty Deed
—
Apr 23, 2018
$2,350,000
Hp Suare Retail LLC
Bischoff Thomas B Trust
Grant Deed
$2,016,000 · Stockyard Bk&tr
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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