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Property profile & analytics
OFF-MARKET
Turn key restaurants
6040 Colerain Ave Cincinnati, OH 45239-6416
Entity Owned
8-yr Hold
Free & Clear
Property ID
US66-0158253
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1900
Total area
1,470 SF
Lot
1.01 ac (43,778 SF)
APN
550-0011-0049-00
UPID
US66-0158253
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
-
Triple J's BBQ, Catering and Delivery Take-out & Catering Catering Service
-
Prime Sports Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Gsc Properties LLC · 8 yrs held
Gsc Properties LLC
since 2018
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$23,784
Tax year 2023
Assessed value
$307,139
Assessed 2023
Previous assessed
$267,782
+14.7% YoY
Effective rate
7.74%
On assessed value
Assessed land
$52,094
Assessed improvement
$255,045
Land market value
$148,840
Improvement market value
$728,700
Total market value
$877,540
Applied tax rate
142.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1900
Heating
YES
Stories
1
Rooms
3
Total area
1,470 SF
Lot
1.01 ac (43,778 SF)
APN
550-0011-0049-00
UPID
US66-0158253
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
1900
Heating
YES
Stories
1
Rooms
3
Lot
1.01 ac
Current owner
From public records · entity-resolved
Gsc Properties LLC
Entity
Free & Clear · 8 yrs held
Mailing address
650 LUNKENPARK DR, CINCINNATI, OH 45226-1800
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2020
—
Gsc Properties LLC
—
Deed
related
$12,800,000 · The Huntington National Bank
Dec 5, 2018
—
Gsc Properties LLC
—
Deed
related
$2,000,000 · Huntington Nat'l Bk
Feb 12, 2018
$700,000
Gsc Properties LLC
Dan Wheeler Of Target Mgmt & L
Grant Deed
—
Jul 27, 2007
—
Q4u2 LLC
Q4u2 LLC
Quit Claim Deed
—
Feb 22, 2006
—
Rack Earl A Trust
Sullivan James P
Grant Deed
—
Feb 13, 2006
—
Sullivan James P Tr
Rack Earl A Trust
Grant Deed
—
Sep 25, 2002
$32,900
Rack,tr
Rack,louis A Est
Grant Deed
related
—
Jun 14, 2000
$115,000
J C Stenger Construction Co
Rack,louis & Ruth
Grant Deed
$1,900,000 · Winton Savings & Loan Co
Jun 14, 2000
—
Rack,louis
Kevin R Flynn Trustee
Trustees Deed
related
—
May 24, 2000
—
Kevin R Flynn Trustee
Rack,louis
Grant Deed
related
—
—
—
Gsc Properties LLC
—
Loan Modification
related
$2,000,000 · Huntington Nat'l Bk
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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