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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Strip malls
49 Brookwood Ave Hamilton, OH 45013-1209
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-1032865
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1974
Total area
3,696 SF
Lot
0.34 ac (14,700 SF)
APN
P6411-129.000-005
UPID
US66-1032865
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
-
Rapid Apparel Design Custom T-Shirt Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$535k
CAP Approach
CAP
$600k
Comparable Approach
Comparable
$469k
Blend (final)
Blend
$565k
Owner & transaction history
Rateb Investments LLC · 3 yrs held
Rateb Investments LLC
since 2023
Last sale
$625,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$420,000
+2.4%
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
$545,000
ML approach
$535,000
CAP Approach
CAP Return
Estimation
6%
$650,000
6.5%
$600,000
7%
$555,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$410,000
Current use
MEDICAL BUILDING
$420,000
Change: +2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$385,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$565k
Range $509k – $622k · ±10% · vs last sale $625k (Jun 13 2023)
Last sale anchor
$625k
Jun 13 2023
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
$153 / 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
$3,797
Tax year 2023
Assessed value
$70,370
Assessed 2023
Previous assessed
$70,370
+0.0% YoY
Effective rate
5.40%
On assessed value
Assessed land
$15,440
Assessed improvement
$54,930
Land market value
$44,100
Improvement market value
$156,930
Total market value
$201,030
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1974
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Total area
3,696 SF
Lot
0.34 ac (14,700 SF)
APN
P6411-129.000-005
UPID
US66-1032865
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$410,000
MEDICAL BUILDING
Est. value
$420,000
AUTO REPAIR, GARAGE
Est. value
$385,000
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
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
1974
Heating
HOT WATER
Cooling
Yes
Stories
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Rateb Investments LLC
Entity
Mailing address
8036 SUMMERLIN CT, LIBERTY TOWNSHIP, OH 45044-7686
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2023
$625,000
Rateb Investments LLC
North Brookwood Properties LLC
Warranty Deed
—
Aug 8, 2016
—
North Brookwood Properties LLC
—
Deed
related
$265,000 · Cincinnati Fed'l
Feb 2, 2009
—
North Brookwood Props LLC
Aris Investments LLC
Warranty Deed
—
May 8, 2008
$378,000
Aris Investments LLC
Ib Property Holdings LLC
Limited Warranty Deed
$283,500 · Cincinnati Fsla
Dec 21, 2007
$400,000
Ib Property Holdings LLC
Sheriff Of Butler County
Trustees Deed
related
—
Oct 6, 2006
$412,333
Deanna L Powell
Graf,dan E & Maribeth
Warranty Deed
$400,000 · Popular Financial Services LLC
—
—
North Brookwood Properties LLC
—
Deed Of Trust
related
$265,000 · Cincinnati Fed'l
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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