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Property profile & analytics
OFF-MARKET
Estimated value
$1,020,000
Medical Office Space
2805 Gilbert Ave Cincinnati, OH 45206-1210
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US66-6055599
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1949
Total area
9,975 SF
Lot
0.47 ac (20,343 SF)
APN
065-0002-0053-00
UPID
US66-6055599
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
-
Equitas Health Cincinnati Medical Center Medical Clinic
-
Waller Paul MD Pediatrician Physician
-
Dr. Tracy Tiller, MD Pediatrician Medical Clinic
-
Dr. Shanna Stryker Pediatrician Physician
-
Dr. Roland C. Mcgoodwin, DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$1.02M
Owner & transaction history
Ggh LLC · 7 yrs held
Ggh LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.7M
+43.3%
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
MEDICAL BUILDING
$1,160,000
Current use
RESTAURANT
$1,660,000
Change: +43% · Conversion: Difficult
OFFICE BUILDING
$1,060,000
Change: -9% · Conversion: Easy
RETAIL STORES
$955,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±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
$102 / 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
$26,994
Tax year 2023
Assessed value
$327,380
Assessed 2023
Previous assessed
$365,145
-10.3% YoY
Effective rate
8.25%
On assessed value
Assessed land
$28,924
Assessed improvement
$298,456
Land market value
$82,640
Improvement market value
$852,730
Total market value
$935,370
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1949
Heating
YES
Stories
1
Rooms
4
Total area
9,975 SF
Lot
0.47 ac (20,343 SF)
APN
065-0002-0053-00
UPID
US66-6055599
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
MEDICAL BUILDING Current
Est. value
$1.2M
RESTAURANT
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$955,000
MEDICAL BUILDING Current
RESTAURANT
OFFICE BUILDING
RETAIL STORES
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
1949
Heating
YES
Stories
1
Rooms
4
Lot
0.47 ac
Current owner
From public records · entity-resolved
Ggh LLC
Entity
Mailing address
15 W 4TH ST STE #200, DAYTON, OH 45402-2051
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2019
$811,250
Ggh LLC
Rkg Holdings LLC
Warranty Deed
—
Apr 15, 2015
$599,000
Rkg Holdings LLC
Fifth Third Bank
Limited Warranty Deed
$508,000 · Union Savings Bank
Feb 18, 2014
—
Fifth Third Bk
Neighborhood Health Care INC
Deed In Lieu Of Foreclosure
related
—
Jun 22, 2006
—
Neighborhood Health Care INC
—
Trustees Deed
related
$1,740,000 · Fifth Third Bank
Dec 22, 2004
$625,000
Neighborhood Health Care INC
Dawson Group INC
Warranty Deed
$440,000 · Fifth Third Bank
—
—
Rkg Holdings LLC
—
Deed Of Trust
related
$510,000 · Park Nat'l Bk
—
—
Dawson Group
—
Deed Of Trust
related
$40,000 · Key Bank NA
—
—
Dawson Group INC
—
Deed Of Trust
related
$397,500 · Provident Bank INC
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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