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Property profile & analytics
FOR LEASE
Medical Office Space
2929 Highland Ave Cincinnati, OH 45219
Individually Owned
20-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-2536232
For Lease
$22 SF/Yr
2929 Highland Ave, Cincinnati, OH 45219
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1891
Total area
3,188 SF
Lot
1.03 ac (44,693 SF)
APN
092-0004-0110-00
UPID
US66-2536232
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
-
VA Eye Clinic Eye Care Center
-
Hafsa Mohiuddin Physician
-
Jeffrey Robert Strawn Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$570k
Comparable Approach
Comparable
$589k
Blend (final)
Blend
$555k
Owner & transaction history
U C Apartments Ltd · 20 yrs held
U C Apartments Ltd
since 2006
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$585,000
+57.9%
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%
$615,000
6.5%
$570,000
7%
$530,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$370,000
Current use
AUTO REPAIR, GARAGE
$585,000
Change: +58% · Conversion: Difficult
OFFICE BUILDING
$340,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$174 / 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
$5,093
Tax year 2023
Assessed value
$1,306,574
Assessed 2023
Previous assessed
$1,413,658
-7.6% YoY
Effective rate
0.39%
On assessed value
Assessed land
$59,150
Assessed improvement
$1,247,424
Land market value
$169,000
Improvement market value
$3,564,070
Total market value
$3,733,070
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
For Lease
Year built
1891
Heating
YES
Stories
2
Rooms
9
Bathrooms
3
Total area
3,188 SF
Lot
1.03 ac (44,693 SF)
APN
092-0004-0110-00
UPID
US66-2536232
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
$370,000
AUTO REPAIR, GARAGE
Est. value
$585,000
OFFICE BUILDING
Est. value
$340,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
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
1891
Heating
YES
Stories
2
Rooms
9
Bathrooms
3
Lot
1.03 ac
Current owner
From public records · entity-resolved
U C Apartments Ltd
Individual
Free & Clear · 20 yrs held
Mailing address
2718 SHORT VINE ST, CINCINNATI, OH 45219-2019
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2006
—
U C Apartments Ltd
U C Apartments Ltd
Warranty Deed
—
May 6, 2003
—
U C Apartments Ltd
—
Deed Of Trust
related
$1,943,000 · Fifth Third Bank
Dec 27, 2001
$100,000
U C Apartments Ltd
Browner,sue
Grant Deed
—
Apr 30, 1998
—
Sue Browner
Cornett,randolph
Quit Claim Deed
related
$40,000 · Centennial Savings 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.
Try Rey
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