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Property profile & analytics
OFF-MARKET
Estimated value
$2,040,000
Retail space
2722-2724 Erie Ave Cincinnati, OH 45208
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US66-6250041
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1910
Total area
12,283 SF
Lot
0.14 ac (6,186 SF)
APN
041-0003-0011-00
UPID
US66-6250041
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
$1.93M
CAP Approach
CAP
$2.18M
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$2.04M
Owner & transaction history
Crdv Hyde Park LLC · 6 yrs held
Crdv Hyde Park LLC
since 2020
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.3M
+91.1%
Restaurant
$2.0M
+73.4%
Medical building
$1.4M
+21.1%
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
$1,905,000
ML approach
$1,925,000
CAP Approach
CAP Return
Estimation
6%
$2,360,000
6.5%
$2,180,000
7%
$2,025,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,250,000
Change: +91% · Conversion: Difficult
RESTAURANT
$2,045,000
Change: +73% · Conversion: Easy
MEDICAL BUILDING
$1,425,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$1,305,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$2.04M
Range $1.84M – $2.24M · ±10% · vs last sale $2.03M (Jan 16 2020)
Last sale anchor
$2.03M
Jan 16 2020
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
$166 / 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
$57,519
Tax year 2023
Assessed value
$683,326
Assessed 2023
Previous assessed
$683,326
+0.0% YoY
Effective rate
8.42%
On assessed value
Assessed land
$106,589
Assessed improvement
$576,737
Land market value
$304,540
Improvement market value
$1,647,820
Total market value
$1,952,360
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
1910
Heating
YES
Cooling
YES
Stories
3
Rooms
4
Total area
12,283 SF
Lot
0.14 ac (6,186 SF)
APN
041-0003-0011-00
UPID
US66-6250041
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
$2.3M
RESTAURANT
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.3M
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
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
1910
Heating
YES
Cooling
Yes
Stories
3
Rooms
4
Lot
0.14 ac
Current owner
From public records · entity-resolved
Crdv Hyde Park LLC
Entity
Mailing address
1733 W LN AVE, COLUMBUS, OH 43221-3341
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2022
—
Crdv Hyde Park LLC
—
Deed
related
$2,818,300 · Telhio Cu INC
Aug 12, 2021
—
Crdv Hyde Park LLC
—
Deed
related
$225,000 · Telhio Cu INC
Nov 16, 2020
—
Cohatch Regional Development V
—
Deed
related
$1,197,600 · Nhb Hyde Pk LLC
Aug 18, 2020
—
Crdv Hyde Park LLC
—
Deed
related
$1,197,600 · Telhio Cu INC
Jan 16, 2020
$2,030,000
Crdv Hyde Park LLC
Afm Erie Ventures LLC
Warranty Deed
$1,624,000 · Telhio Cu
Oct 3, 2006
—
Afm Erie Ventures LLC
2724 Erie Ltd
Warranty Deed
related
$900,000 · Union Fsb
Dec 29, 2005
—
Rydell Clifford Tr
Ashore Reality INC
Warranty Deed
—
Jun 24, 2003
$1,300,000
Ashore Realty INC
Dickman,sharon J & Robert G
Grant Deed
$1,040,000 · Us Bank NA
Jun 2, 1999
$1,270,000
Sharon J Dickman
Minning,carl A & Joan L
Grant Deed
$1,016,000 · Winton Savings & Loan Co
—
—
Afm Erie Ventures LLC
—
Deed Of Trust
related
$868,000 · Fifth Third Bk
—
—
Cohatch Regional Development V
—
Deed Of Trust
related
$1,197,600 · Nhb Hyde Pk LLC
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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