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Property profile & analytics
OFF-MARKET
Retail residential properties
2861 Colerain Ave, Cincinnati, OH 45225-2205
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-1188958
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1900
Total area
4,376 SF
Lot
0.08 ac (3,398 SF)
APN
188-0013-0066-00
UPID
US66-1188958
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mark C Harris · 5 yrs held
Mark C Harris
since 2021
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$433
Tax year 2023
Assessed value
$5,086
Assessed 2023
Previous assessed
$4,561
+11.5% YoY
Effective rate
8.51%
On assessed value
Assessed land
$3,136
Assessed improvement
$1,950
Land market value
$8,960
Improvement market value
$5,570
Total market value
$14,530
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 residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1900
Heating
YES
Stories
2
Rooms
4
Total area
4,376 SF
Lot
0.08 ac (3,398 SF)
APN
188-0013-0066-00
UPID
US66-1188958
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
1900
Heating
YES
Stories
2
Rooms
4
Lot
0.08 ac
Current owner
From public records · entity-resolved
Mark C Harris
Individual
Mailing address
7797 SHAWNEE RUN RD, CINCINNATI, OH 45243-3136
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Apr 9, 2021
—
Mark C Harris
Mark Harris
Transfer On Death Deed
related
—
Apr 18, 2019
$12,000
Mark Harris
Boydston,richard
Grant Deed
—
Oct 23, 2008
$8,000
Henry Pollard
Bank Of New York
Grant Deed
—
Aug 6, 2008
$30,000
Bank Of New York
Strong,robert E
Grant Deed
related
—
Jun 27, 2002
—
Robert E Strong
Strong,robert E
Quit Claim Deed
related
$40,000 · Popular Financial Services LLC
Oct 12, 1999
$23,000
Robert Strong
Seitz,karl & Wilma E
Grant Deed
—
—
—
Robert E Strong
—
Deed Of Trust
related
$87,000 · National City Bank
—
—
Robert Strong
—
Deed Of Trust
related
$385,000 · Fifth Third Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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