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Property profile & analytics
OFF-MARKET
Estimated value
$3,865,000
Hotels
617 Vine St Cincinnati, OH 45202-2416
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US66-0110229
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1926
Total area
240,520 SF
Lot
0.49 ac (21,432 SF)
APN
077-0002-0042-00
UPID
US66-0110229
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
-
Hampton Inn & Suites Cincinnati-Downtown Hotel & Motel
-
Homewood Suites by Hilton Cincinnati-Downtown Hotel & Motel Vacation Rental
-
ATM Cintel Federal Credit Union Atm Credit Union
-
Debtors Anonymous Association Or Organization
-
The Press Room Lounge Downtown Cincinnati Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.87M
Owner & transaction history
Vine Street Hotel Partners LLC · 13 yrs held
Vine Street Hotel Partners LLC
since 2012
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
Alternative Use
Use
Estimation
HOTEL/MOTEL
$6,025,000
Current use
Blend value · Realmo final
$3.87M
Range $3.48M – $4.25M · ±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
$16 / 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
$128,928
Tax year 2023
Assessed value
$7,871,566
Assessed 2023
Previous assessed
$9,179,573
-14.2% YoY
Effective rate
1.64%
On assessed value
Assessed land
$849,387
Assessed improvement
$7,022,179
Land market value
$2,426,820
Improvement market value
$20,063,370
Total market value
$22,490,190
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
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1926
Heating
YES
Stories
1
Rooms
1
Total area
240,520 SF
Lot
0.49 ac (21,432 SF)
APN
077-0002-0042-00
UPID
US66-0110229
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
HOTEL/MOTEL Current
Est. value
$6.0M
HOTEL/MOTEL Current
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
1926
Heating
YES
Stories
1
Rooms
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
Vine Street Hotel Partners LLC
Entity
Mailing address
5113 PIPER STA DR, CHARLOTTE, NC 28277-6689
Ownership since
2012
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
Nov 2, 2023
—
Vine Street Hotel Partners LLC
—
Deed
related
$18,000,000 · Heartland Bank
Jun 30, 2021
—
Vine Street Hotel Partners LLC
—
Deed
related
$20,875,000 · State Bank Of Texas
May 25, 2018
—
Vine Street Hotel Partners LLC
—
Grant Deed
related
$24,996,490 · Fifth Third Bk
Sep 25, 2012
$3,700,000
Vine Street Hotel Partners LLC
Middle Earth 617 Vine Street L
Grant Deed
—
May 23, 2007
$2,500,000
Earth 617 Vine Street L Middle
Us Pacific Management INC
Warranty Deed
$2,345,000 · Lasalle National Bank
May 21, 2007
—
Us Pacific Management INC
Liu,yongsong
Quit Claim Deed
related
—
Apr 30, 2007
$60,000
Us Pacific Management INC
Chen,oi
Quit Claim Deed
related
—
Mar 13, 2002
$300,000
Us Pacific Management INC
Us Pacific Management INC
Quit Claim Deed
related
—
Dec 20, 2001
$1,250,000
Us Pacific Management INC
Principal Life Insurance Co
Grant Deed
—
Jun 7, 1999
—
Principal Life Insurance Co
Principal Life Insurance Co
Quit Claim Deed
related
—
—
—
Vine Street Hotel Partners LLC
—
Deed Of Trust
related
$21,000,000 · Opf Cincinnati LLC
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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