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Property profile & analytics
OFF-MARKET
Estimated value
$5,495,000
Outlet malls
3186 Harrison Ave Cincinnati, OH 45211-5641
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-0060519
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1956
Total area
13,243 SF
Lot
1.37 ac (59,721 SF)
APN
210-0077-0017-00
UPID
US66-0060519
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
-
Montana Woods Aapartments Apartment Building
-
Matthew Awad Pharmacy
-
Craig Woerner Pharmacy
-
Dollar General Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.77M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.50M
Owner & transaction history
Cincinnati Wg LLC · 4 yrs held
Cincinnati Wg LLC
since 2022
Last sale
$5.2M
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
Method
Estimation
Statistic approach
$5,805,000
ML approach
$5,770,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.50M
Range $4.95M – $6.04M · ±10% · vs last sale $5.20M (Jun 16 2022)
Last sale anchor
$5.20M
Jun 16 2022
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
$415 / 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
$149,556
Tax year 2023
Assessed value
$1,820,000
Assessed 2023
Previous assessed
$665,000
+173.7% YoY
Effective rate
8.22%
On assessed value
Assessed land
$743,750
Assessed improvement
$1,076,250
Land market value
$2,125,000
Improvement market value
$3,075,000
Total market value
$5,200,000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1956
Heating
YES
Stories
1
Rooms
4
Total area
13,243 SF
Lot
1.37 ac (59,721 SF)
APN
210-0077-0017-00
UPID
US66-0060519
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
1956
Heating
YES
Stories
1
Rooms
4
Lot
1.37 ac
Current owner
From public records · entity-resolved
Cincinnati Wg LLC
Entity
Mailing address
5000 LEGACY DR STE #230, PLANO, TX 75024-3137
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2022
$5,200,000
Cincinnati Wg LLC
Sigma Development Co INC
Limited Warranty Deed
$4,030,000 · Midland States Bank
Feb 10, 2016
$6,936,000
Sigma Dev Co INC
Hemberger Holdings LLC
Grant Deed
—
Nov 14, 2014
—
Hemberger Holdings LLC|hynden Holdings LLC
Anchor Devs Vi Ltd
Grant Deed
—
Jan 31, 2005
$930,000
Anchor Developments Vi Ltd
Evers Ents INC
Warranty Deed
$4,450,000 · Artesia Mortgage Capital Corp
Nov 19, 2002
—
Evers Enterprises INC
Evers,tr
Quit Claim Deed
related
—
Oct 23, 2002
—
Evers Enterprises INC
Evers,raymond L Tr
Quit Claim Deed
related
—
Oct 4, 2002
—
Evers,raymond L Tr
Evers Enterprises INC
Quit Claim 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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