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Property profile & analytics
OFF-MARKET
Estimated value
$9,570,000
Warehouses
5500 Rdg Ave Cincinnati, OH 45213-2516
Entity Owned
11-yr Hold
Free & Clear
Property ID
US66-0213087
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1967
Total area
113,708 SF
Lot
10.02 ac (436,645 SF)
APN
520-0270-0017-00
UPID
US66-0213087
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
-
CBT Company Factory Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.05M
Blend (final)
Blend
$9.57M
Owner & transaction history
Community Improvement Corp Of Grt · 11 yrs held
Community Improvement Corp Of Grt
since 2015
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$13.2M
+87.6%
Office building
$12.1M
+71.4%
Retail stores
$10.9M
+54.9%
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
WAREHOUSE, STORAGE
$7,040,000
Current use
MEDICAL BUILDING
$13,205,000
Change: +88% · Conversion: Difficult
OFFICE BUILDING
$12,070,000
Change: +71% · Conversion: Difficult
RETAIL STORES
$10,910,000
Change: +55% · Conversion: Moderate
COMMERCIAL (GENERAL)
$10,055,000
Change: +43% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$9,860,000
Change: +40% · Conversion: Moderate
Blend value · Realmo final
$9.57M
Range $8.61M – $10.53M · ±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
$84 / 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
$356,057
Tax year 2023
Assessed value
$3,869,585
Assessed 2023
Previous assessed
$3,013,109
+28.4% YoY
Effective rate
9.20%
On assessed value
Assessed land
$475,044
Assessed improvement
$3,394,541
Land market value
$1,357,270
Improvement market value
$9,698,690
Total market value
$11,055,960
Applied tax rate
5.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1967
Heating
YES
Stories
1
Rooms
4
Total area
113,708 SF
Lot
10.02 ac (436,645 SF)
APN
520-0270-0017-00
UPID
US66-0213087
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
WAREHOUSE, STORAGE Current
Est. value
$7.0M
MEDICAL BUILDING
Est. value
$13.2M
OFFICE BUILDING
Est. value
$12.1M
RETAIL STORES
Est. value
$10.9M
COMMERCIAL (GENERAL)
Est. value
$10.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.9M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1967
Heating
YES
Stories
1
Rooms
4
Lot
10.02 ac
Current owner
From public records · entity-resolved
Community Improvement Corp Of Grt
Entity
Free & Clear · 11 yrs held
Mailing address
5500 RDG AVE, CINCINNATI, OH 45213-2516
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2015
—
Community Improvement Corp Of Grt
Columbia Township Hamilton Cnt
Quit Claim Deed
—
Jun 16, 2015
—
Ridge Redevelopment I LLC
Ridge Redevelopment I LLC
Quit Claim Deed
—
Mar 17, 2011
—
Ridge Redevelopment 1 LLC
Ridge-k LLC
Quit Claim Deed
related
—
May 16, 2006
—
Ridge K LLC
Ridge Avenue Retail LLC
Special Warranty Deed
—
Aug 1, 2005
—
Ridge Avenue Retail LLC
J & W Cincinnati LLC
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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