Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Flex space
601 Township Ave Cincinnati, OH 45216-2341
Entity Owned
4-yr Hold
Free & Clear
Property ID
US66-0834281
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1967
Total area
11,613 SF
Lot
0.97 ac (42,427 SF)
APN
661-0004-0118-00
UPID
US66-0834281
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
-
Cincinnati Wholesale Ice Cream Grocery & Convenience Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$755k
CAP Approach
CAP
$875k
Comparable Approach
Comparable
$875k
Blend (final)
Blend
$770k
Owner & transaction history
Base Corporation · 4 yrs held
Base Corporation
since 2022
Last sale
$675,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+65.8%
Retail stores
$1.1M
+49.9%
Neighborhood: shopping center
$1.0M
+35.5%
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
$755,000
ML approach
$755,000
CAP Approach
CAP Return
Estimation
6%
$950,000
6.5%
$875,000
7%
$810,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$745,000
Current use
OFFICE BUILDING
$1,235,000
Change: +66% · Conversion: Difficult
RETAIL STORES
$1,115,000
Change: +50% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,005,000
Change: +35% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$975,000
Change: +31% · Conversion: Difficult
Blend value · Realmo final
$770k
Range $693k – $847k · ±10% · vs last sale $675k (Jun 7 2022)
Last sale anchor
$675k
Jun 7 2022
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
$66 / 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
$21,468
Tax year 2023
Assessed value
$236,249
Assessed 2023
Previous assessed
$128,314
+84.1% YoY
Effective rate
9.09%
On assessed value
Assessed land
$27,324
Assessed improvement
$208,925
Land market value
$78,070
Improvement market value
$596,930
Total market value
$675,000
Applied tax rate
202.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1967
Heating
NONE
Stories
1
Rooms
11
Total area
11,613 SF
Lot
0.97 ac (42,427 SF)
APN
661-0004-0118-00
UPID
US66-0834281
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
INDUSTRIAL (GENERAL) Current
Est. value
$745,000
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$975,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1967
Heating
NONE
Stories
1
Rooms
11
Lot
0.97 ac
Current owner
From public records · entity-resolved
Base Corporation
Entity
Free & Clear · 4 yrs held
Mailing address
100 PARK AVE, FLORHAM PARK, NJ 07932-1049
Ownership since
2022
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
Jun 7, 2022
$675,000
Base Corporation
Olenas INC
Warranty Deed
—
Dec 23, 2009
$218,000
Olenas INC
Miller,robert W III
Grant Deed
$118,000 · Robert W III Miller
Jun 15, 2006
—
Robert W Miller III
Miller Helen L Trust
Quit Claim Deed
related
—
Jun 5, 2006
—
Miller Helen L Trust
Miller,helen L
Affidavit Of Death
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 601 Township Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
