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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Apartment buildings
5421 Lester Rd Cincinnati, OH 45213-2500
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US66-6266208
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Total area
20,460 SF
Lot
0.75 ac (32,757 SF)
APN
121-0002-0057-00
UPID
US66-6266208
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$470k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$403k
Blend (final)
Blend
$615k
Owner & transaction history
Cincy Lester LLC · 7 yrs held
Cincy Lester LLC
since 2018
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
Method
Estimation
Statistic approach
by Request
ML approach
$470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$30 / 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
$19,846
Tax year 2023
Assessed value
$241,378
Assessed 2023
Previous assessed
$99,257
+143.2% YoY
Effective rate
8.22%
On assessed value
Assessed land
$40,929
Assessed improvement
$200,449
Land market value
$116,940
Improvement market value
$572,710
Total market value
$689,650
Applied tax rate
1.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1964
Heating
YES
Stories
2
Rooms
8
Total area
20,460 SF
Lot
0.75 ac (32,757 SF)
APN
121-0002-0057-00
UPID
US66-6266208
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
1964
Heating
YES
Stories
2
Rooms
8
Lot
0.75 ac
Current owner
From public records · entity-resolved
Cincy Lester LLC
Entity
Mailing address
7600 MONTGOMERY RD, CINCINNATI, OH 45236-4204
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2018
—
Cincy Lester LLC
Mayor Property Investments LLC
Quit Claim Deed
related
$660,000 · Us Bank NA
Nov 12, 2010
$220,000
Freddy Mayor
Green Point Mortgage Funding I
Grant Deed
—
Oct 6, 2010
$220,000
Green Point Mortgage Funding I
5421 Lester LLC
Grant Deed
related
—
Aug 31, 2006
—
5421 Lester LLC
Downtown Property Management INC
Warranty Deed
$456,500 · Impac Commercial Capital Corp
Oct 17, 2005
$512,000
Downtown Property Mgmt INC
Lester Townhouses
Warranty Deed
—
Dec 31, 1998
—
Lester Townhouses Ltd
Lester Townhouses Ltd
Quit Claim Deed
related
$223,000 · Star Bank
Jun 2, 1998
—
Lester Townhouses Ltd
Franklyn Harkavy Trustee
Grant Deed
related
—
—
—
Downtown Property Mgmt INC
—
Deed Of Trust
$409,600 · Fifth Third Bank
—
—
5421 Lester LLC
—
Deed Of Trust
related
$626,250 · Greenpoint Mortgage Funding
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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