Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Office buildings
3120 Warsaw Ave Cincinnati, OH 45205-1917
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-0604895
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1900
Total area
7,200 SF
Lot
0.12 ac (5,097 SF)
APN
173-0004-0038-00
UPID
US66-0604895
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
-
MYCincinnati Firehouse Performing Arts Center Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$600k
Blend (final)
Blend
$505k
Owner & transaction history
Warsaw Creative Master Tenant LLC · 4 yrs held
Warsaw Creative Master Tenant LLC
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$835,000
+9.4%
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
OFFICE BUILDING
$765,000
Current use
MEDICAL BUILDING
$835,000
Change: +9% · Conversion: Easy
RETAIL STORES
$690,000
Change: -10% · Conversion: Moderate
COMMERCIAL (GENERAL)
$635,000
Change: -17% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$625,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$70 / 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
$2,249
Tax year 2023
Assessed value
$169,147
Assessed 2023
Previous assessed
$169,147
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$9,768
Assessed improvement
$159,379
Land market value
$27,910
Improvement market value
$455,370
Total market value
$483,280
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
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1900
Heating
YES
Stories
2
Rooms
4
Total area
7,200 SF
Lot
0.12 ac (5,097 SF)
APN
173-0004-0038-00
UPID
US66-0604895
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
OFFICE BUILDING Current
Est. value
$765,000
MEDICAL BUILDING
Est. value
$835,000
RETAIL STORES
Est. value
$690,000
COMMERCIAL (GENERAL)
Est. value
$635,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$625,000
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1900
Heating
YES
Stories
2
Rooms
4
Lot
0.12 ac
Current owner
From public records · entity-resolved
Warsaw Creative Master Tenant LLC
Entity
Mailing address
3 E 4TH ST STE #300, CINCINNATI, OH 45202-3745
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
Dec 20, 2021
—
Warsaw Creative Master Tenant LLC
Warsaw Creative LLC
Lease
$7,640,000 · Citywide Cincinnati Development Fun
Oct 3, 2019
$677,593
Warsaw Creative LLC
Wegman Investments Ltd
Warranty Deed
$615,000 · Local Initiatives Support Corp
Apr 22, 2015
—
Wegman Investments Ltd
—
Grant Deed
related
$1,069,644 · Fifth Third Bk
Nov 16, 1999
$75,000
Wegman Investments Ltd
Wegman Construction C
Grant Deed
related
—
May 5, 1998
$51,000
Wegman Investments Ltd
Henry C Beekley Estate
Grant Deed
$43,600 · Guardian Savings Bank Fsb
—
—
Wegman Const Co INC
—
Deed Of Trust
related
$75,000 · Key Bank NA
—
—
J Wegman
—
Deed Of Trust
related
$8,000 · Star Bank
—
—
Wagman Investment Ltd
—
Deed Of Trust
related
$56,339 · Key Bank NA
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3120 Warsaw Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
