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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Strip malls
5685 Springdale Rd Cincinnati, OH 45251-1825
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US66-1100102
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1979
Total area
7,689 SF
Lot
1.02 ac (44,518 SF)
APN
510-0230-0336-00
UPID
US66-1100102
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
-
Good Vibes Nutrtion Cincinnati Physician
-
Day N Nighy Party Rental Party Supply Store Rental Equipment Company
-
Shadow Event Center Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$495k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$684k
Blend (final)
Blend
$595k
Owner & transaction history
Parth Real Estate Corporation · 5 yrs held
Parth Real Estate Corporation
since 2021
Last sale
$625,000
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$895,000
+33.9%
Office building
$815,000
+22.4%
Retail stores
$740,000
+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
$550,000
ML approach
$495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$665,000
Current use
MEDICAL BUILDING
$895,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$815,000
Change: +22% · Conversion: Moderate
RETAIL STORES
$740,000
Change: +11% · Conversion: Easy
COMMERCIAL (GENERAL)
$680,000
Change: +2% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$645,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $625k (Feb 11 2021)
Last sale anchor
$625k
Feb 11 2021
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
$77 / 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
$15,558
Tax year 2023
Assessed value
$199,800
Assessed 2023
Previous assessed
$210,000
-4.9% YoY
Effective rate
7.79%
On assessed value
Assessed land
$49,549
Assessed improvement
$150,251
Land market value
$141,570
Improvement market value
$429,290
Total market value
$570,860
Applied tax rate
141.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1979
Heating
YES
Cooling
YES
Stories
1
Rooms
9
Bathrooms
1
Total area
7,689 SF
Lot
1.02 ac (44,518 SF)
APN
510-0230-0336-00
UPID
US66-1100102
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$665,000
MEDICAL BUILDING
Est. value
$895,000
OFFICE BUILDING
Est. value
$815,000
RETAIL STORES
Est. value
$740,000
COMMERCIAL (GENERAL)
Est. value
$680,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$645,000
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1979
Heating
YES
Cooling
Yes
Stories
1
Rooms
9
Bathrooms
1
Lot
1.02 ac
Current owner
From public records · entity-resolved
Parth Real Estate Corporation
Entity
Mailing address
5349 PANTHER CT, CINCINNATI, OH 45238-4270
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2021
$625,000
Parth Real Estate Corporation
Peachgrove LLC
Warranty Deed
$800,000 · Cincinnatus Sla
Oct 20, 2020
$600,000
Its Peachgrove LLC
Peach Grove Retail Center LLC
Warranty Deed
$500,000 · Its Peachgrove LLC
Sep 29, 2015
—
Peach Grove Retail Center LLC
Christopher Olga Trust
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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