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Property profile & analytics
OFF-MARKET
Estimated value
$20,710,000
Community centers
650 Eastgate S Dr Cincinnati, OH 45245-1771
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-2308874
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1995
Total area
236,920 SF
Lot
18.94 ac (824,852 SF)
APN
41-31-05A-140
UPID
US66-2308874
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
-
DICK'S Sporting Goods (Bike/Boat/Book/etc) Store
-
Geek Squad Computer & Electronic Repair Tech Support Center
-
Grocery Outlet Grocery & Convenience Store Food Market
-
DSW Designer Shoe Warehouse Clothing & Fashion Store (Bike/Boat/Book/etc) Store
-
PetSmart Grooming Pet Grooming Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$25.18M
Blend (final)
Blend
$20.71M
Owner & transaction history
Krg Eastgate Pavilion LLC · 14 yrs held
Krg Eastgate Pavilion LLC
since 2011
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$27.5M
+33.9%
Office building
$25.1M
+22.4%
Retail stores
$22.7M
+10.6%
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
NEIGHBORHOOD: SHOPPING CENTER
$20,550,000
Current use
MEDICAL BUILDING
$27,520,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$25,145,000
Change: +22% · Conversion: Moderate
RETAIL STORES
$22,730,000
Change: +11% · Conversion: Easy
COMMERCIAL (GENERAL)
$20,950,000
Change: +2% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$19,905,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$20.71M
Range $18.64M – $22.78M · ±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
$87 / 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
$473,069
Tax year 2023
Assessed value
$6,934,730
Assessed 2023
Previous assessed
$6,934,730
+0.0% YoY
Effective rate
6.82%
On assessed value
Assessed land
$908,880
Assessed improvement
$6,025,850
Land market value
$2,596,800
Improvement market value
$17,216,700
Total market value
$19,813,500
Applied tax rate
41.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1995
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Rooms
6
Bathrooms
1
Total area
236,920 SF
Lot
18.94 ac (824,852 SF)
APN
41-31-05A-140
UPID
US66-2308874
Jurisdiction
CLERMONT
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$20.6M
MEDICAL BUILDING
Est. value
$27.5M
OFFICE BUILDING
Est. value
$25.1M
RETAIL STORES
Est. value
$22.7M
COMMERCIAL (GENERAL)
Est. value
$21.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$19.9M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1995
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
6
Bathrooms
1
Lot
18.94 ac
Current owner
From public records · entity-resolved
Krg Eastgate Pavilion LLC
Entity
Mailing address
30 S MERIDIAN ST STE #1100, INDIANAPOLIS, IN 46204-3565
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2011
—
Krg Eastgate Pavilion LLC
—
Deed Of Trust
related
$16,800,000 · Associated Bank
—
—
Krg Eastgate Pavilion LLC
—
Deed Of Trust
related
$15,400,000 · Pnc 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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