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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Investment properties
439 2nd St Hamilton, OH 45011-2935
Entity Owned
10-yr Hold
Free & Clear
Property ID
US66-1251779
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1877
Total area
9,856 SF
Lot
0.42 ac (18,430 SF)
APN
P6421-007.000-013
UPID
US66-1251779
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
-
Serenity Hall Talbert House Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$510k
Comparable Approach
Comparable
$435k
Blend (final)
Blend
$510k
Owner & transaction history
Talbert Services INC · 10 yrs held
Talbert Services INC
since 2015
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$815,000
+85.7%
Office building
$675,000
+54.2%
Retail stores
$645,000
+47.1%
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 Hamilton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hamilton 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%
$550,000
6.5%
$510,000
7%
$475,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$440,000
Current use
AUTO REPAIR, GARAGE
$815,000
Change: +86% · Conversion: Difficult
OFFICE BUILDING
$675,000
Change: +54% · Conversion: Easy
RETAIL STORES
$645,000
Change: +47% · Conversion: Easy
WAREHOUSE, STORAGE
$485,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$52 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$189
Tax year 2022
Assessed value
$88,550
Assessed 2023
Previous assessed
$88,550
+0.0% YoY
Effective rate
0.21%
On assessed value
Assessed land
$14,510
Assessed improvement
$74,040
Land market value
$41,470
Improvement market value
$211,540
Total market value
$253,010
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1877
Heating
HOT WATER
Cooling
NONE
Stories
2
Rooms
12
Bathrooms
3
Total area
9,856 SF
Lot
0.42 ac (18,430 SF)
APN
P6421-007.000-013
UPID
US66-1251779
Jurisdiction
BUTLER
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
$440,000
AUTO REPAIR, GARAGE
Est. value
$815,000
OFFICE BUILDING
Est. value
$675,000
RETAIL STORES
Est. value
$645,000
WAREHOUSE, STORAGE
Est. value
$485,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1877
Heating
HOT WATER
Cooling
Yes
Stories
2
Rooms
12
Bathrooms
3
Lot
0.42 ac
Current owner
From public records · entity-resolved
Talbert Services INC
Entity
Free & Clear · 10 yrs held
Mailing address
2600 VICTORY PKWY, CINCINNATI, OH 45206-1711
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2015
—
Talbert Services INC
Southwestern Ohio Serenity Hal
Warranty Deed
—
—
—
Ohio Serenity Hal Southwestern
—
Deed Of Trust
related
$120,000 · First Financial 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.
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