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Property profile & analytics
OFF-MARKET
Estimated value
$1,705,000
Truck terminals
603 Shepherd Dr, Cincinnati, OH 45215-2174
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-0660138
Property summary
AI-generated overview
This exceptional 13,240-square-foot warehouse, located at 603 Shepherd Dr in Lockland, Ohio (zip code 45215), presents a significant opportunity for businesses seeking industrial space. The single-tenant property sits on a 1.605-acre lot and was constructed in 1998. The warehouse boasts impressive ceiling heights ranging from 18 to 22 feet, providing ample vertical storage capacity. Six convenient drive-in doors ensure efficient loading and unloading operations. The property features robust electrical service, with 120/208V 3-phase power and a 600-amp capacity. The entire 13,240 square feet is currently vacant and ready for immediate occupancy. The Hamilton County property's APN is 641-0001-0071-00. This warehouse is perfectly suited for a variety of industrial uses and offers a strategic location within the Cincinnati metropolitan area. Don't miss this chance to secure this well-maintained and functional industrial space.
Property profile
Verified
Property type
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Lot
3.12 ac (135,864 SF)
APN
641-0001-0072-00
UPID
US66-0660138
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
-
Oldfield Equipment Co Oilfield
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.71M
Owner & transaction history
Sukhvinder Singh · 2 yrs held
Sukhvinder Singh
since 2024
Last sale
$1.9M
5 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
$1,510,000
ML approach
$1,510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.71M
Range $1.53M – $1.88M · ±10% · vs last sale $1.90M (Aug 22 2025)
Last sale anchor
$1.90M
Aug 22 2025
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
—
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
$25,078
Tax year 2023
Assessed value
$327,235
Assessed 2023
Previous assessed
$327,235
+0.0% YoY
Effective rate
7.66%
On assessed value
Assessed land
$60,854
Assessed improvement
$266,381
Land market value
$173,870
Improvement market value
$761,090
Total market value
$934,960
Applied tax rate
71.0000
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
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Status
Off-Market
Heating
NONE
Lot
3.12 ac (135,864 SF)
APN
641-0001-0072-00
UPID
US66-0660138
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
Heating
NONE
Lot
3.12 ac
Current owner
From public records · entity-resolved
Sukhvinder Singh
Individual
Mailing address
10156 LIVE OAK AVE, FONTANA, CA 92335-6227
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2024
$280,000
Sukhvinder Singh
Kal Freight INC
Correction Deed
related
—
May 7, 2024
$1,510,000
Sukhvinder Singh
Kal Freight INC
Limited Warranty Deed
—
Aug 29, 2022
$1,900,000
Kal Freight INC
Sodrel Cincinnati LLC
Limited Warranty Deed
—
May 2, 2007
$835,000
Sodrel Cincinnati LLC
Verwandt Properties LLC
Warranty Deed
—
Dec 14, 2006
—
Verwandt Properties LLC
Verwandt Properties LLC
Quit Claim Deed
related
—
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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