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Property profile & analytics
OFF-MARKET
Medical Office Space
505 Wyoming Ave Cincinnati, OH 45215-4524
Entity Owned
~
Est. High Equity
Property ID
US66-0199086
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1866
Total area
4,675 SF
Lot
0.63 ac (27,225 SF)
APN
641-0007-0013-00
UPID
US66-0199086
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
-
Wyoming Pastry Shop Bakery Specialty Food Shop
-
Artist Nerdvana Fine Art & Custom Creations Art Studio Furniture Maker
-
Nerdvana (Bike/Boat/Book/etc) Store
-
Taprobane propeties Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Clbancroft Properties LLC
Clbancroft Properties LLC
since 2025
Last sale
$500,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,304
Tax year 2023
Assessed value
$96,249
Assessed 2023
Previous assessed
$34,948
+175.4% YoY
Effective rate
7.59%
On assessed value
Assessed land
$17,580
Assessed improvement
$78,669
Land market value
$50,230
Improvement market value
$224,770
Total market value
$275,000
Applied tax rate
71.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1866
Heating
YES
Stories
2
Rooms
4
Total area
4,675 SF
Lot
0.63 ac (27,225 SF)
APN
641-0007-0013-00
UPID
US66-0199086
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
Building & site characteristics
From public records
Year built
1866
Heating
YES
Stories
2
Rooms
4
Lot
0.63 ac
Current owner
From public records · entity-resolved
Clbancroft Properties LLC
Entity
Mailing address
505 W WYOMING AVE #3, CINCINNATI, OH 45215-4524
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2025
$500,000
Clbancroft Properties LLC
505 Realty LLC
Warranty Deed
$917,500 · Key Bank NA
Jan 13, 2025
$340,000
Eilm Propertys LLC
Taprobane Properties LLC
Warranty Deed
$255,000 · Lendingone LLC
Sep 22, 2022
—
Taprobane Properties LLC
Panduka Dabare
Warranty Deed
—
Sep 8, 2022
$275,000
Panduka Dabare
Troy M Powers
Warranty Deed
$206,250 · Amerisave Mortgage Corp
Apr 20, 2006
$107,000
Troy M Powers
Peoples Community Bank
Warranty Deed
$85,600 · Fremont Investment & Loan
Feb 22, 2006
$66,000
Peoples Community Bank
Sheriff Of Hamilton County
Trustees Deed
related
—
Jan 18, 2000
$139,700
Berry Trust
Heuer,elaine B & William D
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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