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Property profile & analytics
OFF-MARKET
Estimated value
$960,000
Office buildings
5721 Dragon Way Cincinnati, OH 45227-4518
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-2570469
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1967
Total area
22,185 SF
Lot
0.29 ac (12,632 SF)
APN
523-0007-0235-00
UPID
US66-2570469
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
-
McBride Dale Clarion Professional Services
-
Renewal Therapeutic Massage - Chandra Stead LMT Alternative Medicine Practice Spa & Massage Center
-
Kim Carman - Realtor Exp Realty Real Estate Agency
-
Simply Well Chiropractic Alternative Medicine Practice
-
Mighty Dog Roofing of East Cincinnati Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$710k
Blend (final)
Blend
$960k
Owner & transaction history
Alea Properties Ppa LLC · 4 yrs held
Alea Properties Ppa LLC
since 2021
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$960k
Range $864k – $1.06M · ±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
$43 / 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
$43,338
Tax year 2023
Assessed value
$417,694
Assessed 2023
Previous assessed
$417,694
+0.0% YoY
Effective rate
10.38%
On assessed value
Assessed land
$62,871
Assessed improvement
$354,823
Land market value
$179,630
Improvement market value
$1,013,780
Total market value
$1,193,410
Applied tax rate
104.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1967
Heating
YES
Cooling
YES
Stories
3
Rooms
5
Total area
22,185 SF
Lot
0.29 ac (12,632 SF)
APN
523-0007-0235-00
UPID
US66-2570469
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
1967
Heating
YES
Cooling
Yes
Stories
3
Rooms
5
Lot
0.29 ac
Current owner
From public records · entity-resolved
Alea Properties Ppa LLC
Entity
Mailing address
5725 DRAGON WAY STE #400, CINCINNATI, OH 45227-4519
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2021
—
Alea Properties Ppa LLC
Alea Commercial Properties LLC
Warranty Deed
$925,000 · Park National Bank
Jan 7, 2015
$665,068
Alea Commercial Properties LLC
Koncius Properties-ppa 21 Ltd
Grant Deed
—
Mar 9, 1999
—
Koncius Properties Ppa #21 Ltd
Koncius,algis
Quit Claim Deed
related
—
Dec 30, 1998
$737,000
Aigis Koncius
Joshua
Grant Deed
$850,000 · Provident Savings Bank
—
—
Koncius Properties-ppa 21 Ltd
—
Loan Modification
related
$655,067 · Centerbank
—
—
Alea Commercial Properties LLC
—
Deed Of Trust
related
$780,000 · Centerbank
—
—
Koncius Properties-ppa 21 Ltd
—
Deed Of Trust
related
$800,000 · Centerbank
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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