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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Flex space
4450 Emerald Ave Cincinnati, OH 45242-7827
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-2623373
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1958
Total area
8,165 SF
Lot
1.68 ac (73,311 SF)
APN
600-0201-0340-00
UPID
US66-2623373
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
-
Wylie Precision Grinding Industrial Manufacturer
-
Hartigan Woodworks Hardware & Home Improvement Interior Design
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$675k
CAP Approach
CAP
$615k
Comparable Approach
Comparable
$926k
Blend (final)
Blend
$720k
Owner & transaction history
Ohio Wood Connection LLC · 4 yrs held
Ohio Wood Connection LLC
since 2021
Last sale
$799,370
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$955,000
+82.4%
Medical building
$950,000
+81.5%
Retail stores
$785,000
+49.9%
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 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
$700,000
ML approach
$675,000
CAP Approach
CAP Return
Estimation
6%
$665,000
6.5%
$615,000
7%
$570,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$525,000
Current use
OFFICE BUILDING
$955,000
Change: +82% · Conversion: Difficult
MEDICAL BUILDING
$950,000
Change: +81% · Conversion: Difficult
RETAIL STORES
$785,000
Change: +50% · Conversion: Moderate
COMMERCIAL (GENERAL)
$720,000
Change: +38% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$710,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$720k
Range $648k – $792k · ±10% · vs last sale $799k (Oct 27 2021)
Last sale anchor
$799k
Oct 27 2021
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
$88 / 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
$21,381
Tax year 2023
Assessed value
$265,507
Assessed 2023
Previous assessed
$269,560
-1.5% YoY
Effective rate
8.05%
On assessed value
Assessed land
$20,465
Assessed improvement
$245,042
Land market value
$58,470
Improvement market value
$700,120
Total market value
$758,590
Applied tax rate
25.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1958
Heating
YES
Stories
1
Rooms
11
Total area
8,165 SF
Lot
1.68 ac (73,311 SF)
APN
600-0201-0340-00
UPID
US66-2623373
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
INDUSTRIAL (GENERAL) Current
Est. value
$525,000
OFFICE BUILDING
Est. value
$955,000
MEDICAL BUILDING
Est. value
$950,000
RETAIL STORES
Est. value
$785,000
COMMERCIAL (GENERAL)
Est. value
$720,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$710,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
MEDICAL 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
1958
Heating
YES
Stories
1
Rooms
11
Lot
1.68 ac
Current owner
From public records · entity-resolved
Ohio Wood Connection LLC
Entity
Mailing address
8805 LANCASTER AVE, CINCINNATI, OH 45242-7832
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2021
$799,370
Ohio Wood Connection LLC
Paul H Wylie JR
Warranty Deed
$1,120,000 · Wylie Precision Grinding INC
Apr 1, 2021
—
Paul H Wylie JR
Esby L Wylie
Affidavit Of Death Of Joint Tenant
related
—
—
—
Paul H Wylie SR.
—
Deed Of Trust
related
$359,865 · New Richmond National Bank
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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