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Property profile & analytics
OFF-MARKET
Estimated value
$11,030,000
Retail properties & Spaces
4621 Eastgate Blvd Cincinnati, OH 45245-1203
Entity Owned
Free & Clear
Property ID
US66-2234753
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1979
Construction
BRICK
Total area
150,688 SF
Lot
12.9 ac (561,924 SF)
APN
41-31-05D-144T
UPID
US66-2234753
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
-
JCPenney Portraits Photography Service (Bike/Boat/Book/etc) Store
-
SEPHORA inside JCPenney Cosmetic Store
-
JCPenney Salon Hair Salon
-
JCPenney Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.46M
Blend (final)
Blend
$11.03M
Owner & transaction history
Penney Property Sub Holdings LLC
Penney Property Sub Holdings LLC
since 2025
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$17.5M
+21.1%
Office building
$16.0M
+10.6%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$14,455,000
Current use
MEDICAL BUILDING
$17,500,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$15,995,000
Change: +11% · Conversion: Easy
COMMERCIAL (GENERAL)
$13,325,000
Change: -8% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$13,070,000
Change: -10% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$12,660,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$11.03M
Range $9.93M – $12.13M · ±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
$73 / 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
Applied tax rate
41.0000
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 properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1979
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
150,688 SF
Lot
12.9 ac (561,924 SF)
APN
41-31-05D-144T
UPID
US66-2234753
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
RETAIL STORES Current
Est. value
$14.5M
MEDICAL BUILDING
Est. value
$17.5M
OFFICE BUILDING
Est. value
$16.0M
COMMERCIAL (GENERAL)
Est. value
$13.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.7M
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
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
1979
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
12.9 ac
Current owner
From public records · entity-resolved
Penney Property Sub Holdings LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 10001, DALLAS, TX 75301-0001
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2026
—
Penney Property Sub Holdings L
—
Deed
related
$600,000,000
Dec 4, 2025
—
Penney Property Sub Holdings LLC
J C Penney Properties LLC
Deed
—
Aug 3, 2016
—
J C Penney Properties INC
—
Deed
related
—
—
—
J C Penney Properties INC
—
Loan Modification
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.
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