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Property profile & analytics
OFF-MARKET
Estimated value
$3,800,000
Turn key restaurants
5843 Hamilton Ave Cincinnati, OH 45224
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-0899880
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1936
Total area
2,108 SF
Lot
0.11 ac (4,617 SF)
APN
233-0002-0049-00
UPID
US66-0899880
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
-
Rich Motion Studios Recording Studio
-
DAFS Smoke-Stock & Chimney Cleaning Corporate_OH, Building Supply Hardware & Home Improvement
-
Smoke-Stock NOPE Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.80M
Owner & transaction history
Ch Plaza LLC · 1 yrs held
Ch Plaza LLC
since 2024
Last sale
$3.8M
4 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
$3,800,000
ML approach
$3,800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.80M
Range $3.42M – $4.18M · ±10% · vs last sale $3.80M (Sep 6 2024)
Last sale anchor
$3.80M
Sep 6 2024
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
$1,803 / 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
$6,420
Tax year 2023
Assessed value
$77,980
Assessed 2023
Previous assessed
$77,980
+0.0% YoY
Effective rate
8.23%
On assessed value
Assessed land
$20,146
Assessed improvement
$57,834
Land market value
$57,560
Improvement market value
$165,240
Total market value
$222,800
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
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1936
Heating
NONE
Stories
1
Rooms
4
Total area
2,108 SF
Lot
0.11 ac (4,617 SF)
APN
233-0002-0049-00
UPID
US66-0899880
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
1936
Heating
NONE
Stories
1
Rooms
4
Lot
0.11 ac
Current owner
From public records · entity-resolved
Ch Plaza LLC
Entity
Mailing address
6060 E HAMILTON AVE, CINCINNATI, OH 45224-2532
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2024
$3,800,000
Ch Plaza LLC
Hamilton Avenue LLC
Warranty Deed
$1,750,000 · City Of Cincinnati
Aug 25, 2015
—
Hamilton Avenue LLC
Daniel Frija
Warranty Deed
$2,000,000 · Benefit Street Partners Cre Finance
Mar 26, 2013
$2,055,000
Daniel Frija
Financial Interest Limited Par
Grant Deed
—
Feb 20, 2004
—
Financial Interest LP LLC
Financial Interest
Quit Claim Deed
related
$2,337,679 · Ripley National Bank
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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