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Property profile & analytics
OFF-MARKET
Estimated value
$1,235,000
Apartment buildings
3531 Werk Rd Cincinnati, OH 45248-6267
Entity Owned
Free & Clear
Property ID
US66-6114349
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1971
Total area
10,960 SF
Lot
0.78 ac (34,151 SF)
APN
212-0069-0021-00
UPID
US66-6114349
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
$1.20M
CAP Approach
CAP
$1.26M
Comparable Approach
Comparable
$1.30M
Blend (final)
Blend
$1.24M
Owner & transaction history
3527 Werk Rd LLC
3527 Werk Rd LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.0M
+118.2%
Restaurant
$1.8M
+98.0%
Medical building
$1.3M
+38.2%
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
$1,190,000
ML approach
$1,200,000
CAP Approach
CAP Return
Estimation
6%
$1,355,000
6.5%
$1,255,000
7%
$1,165,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$920,000
Current use
AUTO REPAIR, GARAGE
$2,010,000
Change: +118% · Conversion: Difficult
RESTAURANT
$1,825,000
Change: +98% · Conversion: Difficult
MEDICAL BUILDING
$1,275,000
Change: +38% · Conversion: Moderate
OFFICE BUILDING
$1,165,000
Change: +26% · Conversion: Moderate
RETAIL STORES
$1,050,000
Change: +14% · Conversion: Difficult
COMMERCIAL (GENERAL)
$970,000
Change: +5% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$950,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$1.24M
Range $1.11M – $1.36M · ±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
$113 / 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
$26,547
Tax year 2023
Assessed value
$322,746
Assessed 2023
Previous assessed
$274,554
+17.6% YoY
Effective rate
8.23%
On assessed value
Assessed land
$80,850
Assessed improvement
$241,896
Land market value
$231,000
Improvement market value
$691,130
Total market value
$922,130
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1971
Heating
YES
Stories
2
Rooms
4
Total area
10,960 SF
Lot
0.78 ac (34,151 SF)
APN
212-0069-0021-00
UPID
US66-6114349
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$920,000
AUTO REPAIR, GARAGE
Est. value
$2.0M
RESTAURANT
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$970,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$950,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
OFFICE 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
1971
Heating
YES
Stories
2
Rooms
4
Lot
0.78 ac
Current owner
From public records · entity-resolved
3527 Werk Rd LLC
Entity
Free & Clear · 0 yrs held
Mailing address
822 MARTINI RD, CINCINNATI, OH 45233-1414
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2025
—
3527 Werk Rd LLC
Dj Properties Of Cincinnati LLC
Warranty Deed
—
Nov 21, 2020
—
Dj Properties Of Cincinnati Ll
James Schnur
Warranty Deed
related
—
Apr 17, 2020
—
Cincinnatus S & L Co
—
Deed
related
$673,000 · James & M Denise Schnur
Jan 12, 2005
$1,270,000
James Schnur
Hsp Properties Ltd
Warranty Deed
$1,016,000 · Union Fsb
Jan 15, 2002
$1,125,000
Hsp Properties Ltd
Rath,mary M
Grant Deed
$900,000 · Winton Savings & Loan Co
—
—
Hsp Properties Ltd
—
Deed Of Trust
related
$1,500,000 · Winton Savings & Loan Co
—
—
Cincinnatus S & L Co
—
Deed Of Trust
related
$673,000 · James & M Denise Schnur
—
—
Hummel Properties III Ltd
—
Deed Of Trust
related
$1,500,000 · Winton Savings & Loan Co
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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