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Property profile & analytics
FOR LEASE
Investment properties
420-422 Wards Corner Rd Loveland, OH 45140
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-0932354
For Lease
1 / 8
$8.50 SF/Yr
420-422 Wards Corner Rd, Loveland, OH 45140
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1985
Construction
BRICK
Total area
51,074 SF
Lot
7.49 ac (326,134 SF)
APN
18-25-18K-060
UPID
US66-0932354
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
$10.52M
CAP Approach
CAP
$6.78M
Comparable Approach
Comparable
$13.59M
Blend (final)
Blend
$10.52M
Owner & transaction history
Gki Infill Cincinnati LLC · 4 yrs held
Gki Infill Cincinnati LLC
since 2022
Last sale
$10.3M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$16.8M
+121.9%
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 Loveland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Loveland 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
$12,750,000
ML approach
$10,520,000
CAP Approach
CAP Return
Estimation
6%
$7,340,000
6.5%
$6,775,000
7%
$6,295,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,550,000
Current use
MEDICAL BUILDING
$16,750,000
Change: +122% · Conversion: Easy
OFFICE BUILDING
$7,290,000
Change: -3% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$7,260,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$7,180,000
Change: -5% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,825,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$10.52M
Range $9.47M – $11.57M · ±10% · vs last sale $10.33M (Jun 29 2022)
Last sale anchor
$10.33M
Jun 29 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
$206 / 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
$313,192
Tax year 2023
Assessed value
$2,553,330
Assessed 2023
Previous assessed
$2,553,330
+0.0% YoY
Effective rate
12.27%
On assessed value
Assessed land
$446,710
Assessed improvement
$2,106,620
Land market value
$1,276,300
Improvement market value
$6,018,900
Total market value
$7,295,200
Applied tax rate
18.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Lease
Year built
1985
Construction
BRICK
Heating
SPACE
Cooling
NONE
Buildings
2
Stories
1
Rooms
5
Bathrooms
1
Total area
51,074 SF
Lot
7.49 ac (326,134 SF)
APN
18-25-18K-060
UPID
US66-0932354
Jurisdiction
CLERMONT
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
COMMERCIAL (GENERAL) Current
Est. value
$7.6M
MEDICAL BUILDING
Est. value
$16.8M
OFFICE BUILDING
Est. value
$7.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.3M
RETAIL STORES
Est. value
$7.2M
AUTO REPAIR, GARAGE
Est. value
$6.8M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
AUTO REPAIR, GARAGE
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
1985
Construction
BRICK
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Rooms
5
Bathrooms
1
Lot
7.49 ac
Current owner
From public records · entity-resolved
Gki Infill Cincinnati LLC
Entity
Mailing address
280 PARK AVE, NEW YORK, NY 10017-1274
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2025
—
Gki Infill Cincinnati LLC
—
Deed
related
—
Jun 29, 2022
$10,326,000
Gki Infill Cincinnati LLC
Fp Gimel Oh 2 LP
Limited Warranty Deed
$340,000,000 · Ocbc Bank
Dec 4, 2019
—
Fp-gimel Oh-2 LP
First Indl Invs II LLC
Quit Claim Deed
related
$1,000,000 · Keybank USA
May 10, 2010
—
First Industrial Inv II LLC
First Industrial Inv INC
Quit Claim Deed
—
—
—
First Industrial Dev Svcs INC
—
Deed Of Trust
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.
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?”
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