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Property profile & analytics
OFF-MARKET
Estimated value
$1,205,000
Retail space
360 Ludlow Ave Cincinnati, OH 45220-2019
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US66-2337318
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1960
Total area
7,600 SF
Lot
0.73 ac (31,886 SF)
APN
214-0004-0084-00
UPID
US66-2337318
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
-
Redline Towing Company Auto Repair Shop
-
The Taproom on Ludlow Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.35M
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$1.21M
Owner & transaction history
Cornell Inv Group East Ltd · 11 yrs held
Cornell Inv Group East Ltd
since 2014
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.4M
+91.1%
Restaurant
$1.3M
+73.4%
Medical building
$885,000
+21.1%
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%
$1,460,000
6.5%
$1,350,000
7%
$1,250,000
Alternative Use
Use
Estimation
RETAIL STORES
$730,000
Current use
AUTO REPAIR, GARAGE
$1,395,000
Change: +91% · Conversion: Difficult
RESTAURANT
$1,265,000
Change: +73% · Conversion: Easy
MEDICAL BUILDING
$885,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$805,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$1.21M
Range $1.08M – $1.33M · ±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
$159 / 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
$29,829
Tax year 2023
Assessed value
$362,457
Assessed 2023
Previous assessed
$525,001
-31.0% YoY
Effective rate
8.23%
On assessed value
Assessed land
$66,070
Assessed improvement
$296,387
Land market value
$188,770
Improvement market value
$846,820
Total market value
$1,035,590
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1960
Heating
NONE
Stories
1
Rooms
4
Total area
7,600 SF
Lot
0.73 ac (31,886 SF)
APN
214-0004-0084-00
UPID
US66-2337318
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
RETAIL STORES Current
Est. value
$730,000
AUTO REPAIR, GARAGE
Est. value
$1.4M
RESTAURANT
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$885,000
OFFICE BUILDING
Est. value
$805,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
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
1960
Heating
NONE
Stories
1
Rooms
4
Lot
0.73 ac
Current owner
From public records · entity-resolved
Cornell Inv Group East Ltd
Entity
Mailing address
310 TER AVE STE #200, CINCINNATI, OH 45220-2078
Ownership since
2014
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
Sep 6, 2018
—
Cornell Invs Grp E Ltd
—
Grant Deed
related
$1,136,000 · Commonwealth Bk
Nov 17, 2014
$1,900,000
Cornell Inv Group East Ltd
Batra,prem & Sita
Trustees Deed
$1,500,000 · Peter A Alpaugh
—
—
Cornell Invs Grp E Ltd
—
Deed Of Trust
related
$1,136,000 · Commonwealth Bk
—
—
Cornell Invs Grp E Ltd
—
Deed Of Trust
related
$1,136,000 · Commonwealth Bk
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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