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Property profile & analytics
OFF-MARKET
Estimated value
$11,170,000
Medical Office Space
2841 Boudinot Ave Cincinnati, OH 45238-2496
Individually Owned
Absentee Owner
Free & Clear
Property ID
US66-1772717
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1986
Lot
5.51 ac (240,146 SF)
APN
248-0004-0001-00
UPID
US66-1772717
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
-
Desai Abhijit MD Physician
-
Thomas I Murtaugh MD Physician
-
Mercy Medical Associates Medical Clinic
-
Smith Jason MD Physician
-
Tri-State Vision Ophthalmologist (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.17M
Owner & transaction history
Mercy Hospitals West
Mercy Hospitals West
since 2025
Last sale
$11.2M
6 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
$11,170,000
ML approach
$11,170,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.17M
Range $10.05M – $12.29M · ±10% · vs last sale $11.17M (Dec 10 2024)
Last sale anchor
$11.17M
Dec 10 2024
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
—
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
$11,588
Tax year 2023
Assessed value
$66,500
Assessed 2023
Previous assessed
$66,500
+0.0% YoY
Effective rate
17.43%
On assessed value
Assessed land
$66,150
Assessed improvement
$350
Land market value
$189,000
Improvement market value
$1,000
Total market value
$190,000
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
1986
Heating
YES
Rooms
4
Lot
5.51 ac (240,146 SF)
APN
248-0004-0001-00
UPID
US66-1772717
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
Building & site characteristics
From public records
Year built
1986
Heating
YES
Rooms
4
Lot
5.51 ac
Current owner
From public records · entity-resolved
Mercy Hospitals West
Individual
Free & Clear · 0 yrs held
Mailing address
4600 MCAULEY PL STE A, BLUE ASH, OH 45242-4765
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2025
—
Mercy Hospitals West
Mercy Hospitals West
Deed
related
—
Dec 10, 2024
—
Mercy Health West Hospital LLC
Mercy Hospitals West
Deed
related
—
Jun 11, 2019
—
Lakeland West Capital 36 LLC
Fargo Bk NA 2007-5 Wells
Grant Deed
related
—
Jul 20, 2007
—
Centurion Cincy LLC
—
Deed Of Trust
related
$14,290,000 · Bank Of America NA Bank Of America NA
May 19, 1999
$11,170,400
Mercy Health Plaza
Franciscan Hospital Western Hi
Trustees Deed
—
May 19, 1999
—
Franciscan Hospital Western
Hamilton County (oh)
Trustees 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.
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