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Property profile & analytics
OFF-MARKET
Estimated value
$12,945,000
Outlet malls
5375 Bnd Rd Cincinnati, OH 45247-7601
Trust Owned
3-yr Hold
Free & Clear
Property ID
US66-1928766
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1993
Total area
126,320 SF
Lot
15.51 ac (675,790 SF)
APN
550-0070-B313-00
UPID
US66-1928766
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
-
Sam's Club Cafe Cafe & Coffee Shop
-
higi Physician
-
Sam's Club Fuel Center Gas Station
-
Lucid Hearing Center Physician
-
Sam's Club Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.12M
Blend (final)
Blend
$12.95M
Owner & transaction history
Sams Real Estate Business Trust · 3 yrs held
Sams Real Estate Business Trust
since 2022
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$21.0M
+73.4%
Medical building
$14.7M
+21.1%
Office building
$13.4M
+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
$12,120,000
Current use
RESTAURANT
$21,015,000
Change: +73% · Conversion: Easy
MEDICAL BUILDING
$14,670,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$13,410,000
Change: +11% · Conversion: Easy
COMMERCIAL (GENERAL)
$11,170,000
Change: -8% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$10,955,000
Change: -10% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$10,615,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$12.95M
Range $11.65M – $14.24M · ±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
$102 / 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
$94,694
Tax year 2023
Previous assessed
$1,134,669
Improvement market value
$3,616,670
Total market value
$3,616,670
Applied tax rate
142.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1993
Heating
YES
Stories
1
Total area
126,320 SF
Lot
15.51 ac (675,790 SF)
APN
550-0070-B313-00
UPID
US66-1928766
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
RETAIL STORES Current
Est. value
$12.1M
RESTAURANT
Est. value
$21.0M
MEDICAL BUILDING
Est. value
$14.7M
OFFICE BUILDING
Est. value
$13.4M
COMMERCIAL (GENERAL)
Est. value
$11.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.6M
RETAIL STORES Current
RESTAURANT
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
1993
Heating
YES
Stories
1
Lot
15.51 ac
Current owner
From public records · entity-resolved
Sams Real Estate Business Trust
Trust
Free & Clear · 3 yrs held
Mailing address
2101 SE SIMPLE SAVINGS DR, BENTONVILLE, AR 72712-4304
Ownership since
2022
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
Oct 31, 2022
—
Sams Real Estate Business Trust
Sams Real Estate Business Trust
Intrafamily Transfer
related
—
Sep 21, 2022
—
Sams Real Estate Business Trust
Walmart INC
Limited Warranty 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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