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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Office buildings
652 State Ave Cincinnati, OH 45204-1900
Entity Owned
6-yr Hold
Free & Clear
Property ID
US66-0415730
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1903
Total area
18,284 SF
Lot
0.31 ac (13,591 SF)
APN
149-0011-0074-00
UPID
US66-0415730
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
-
Terri Manor Associates Ltd Apartment Building
-
Reapers and Roses Tattoo Studio Tattoo & Piercing Shop
-
Rokken Designs (Bike/Boat/Book/etc) Store Printing Service
-
Olde Fort Restoration Hardware & Home Improvement Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$924k
Blend (final)
Blend
$865k
Owner & transaction history
Radel Holdings LLC · 6 yrs held
Radel Holdings LLC
since 2019
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
Blend value · Realmo final
$865k
Range $779k – $952k · ±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
$47 / 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
$11,471
Tax year 2023
Assessed value
$138,873
Assessed 2023
Previous assessed
$37,986
+265.6% YoY
Effective rate
8.26%
On assessed value
Assessed land
$5,649
Assessed improvement
$133,224
Land market value
$16,140
Improvement market value
$380,640
Total market value
$396,780
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
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1903
Heating
YES
Stories
2
Total area
18,284 SF
Lot
0.31 ac (13,591 SF)
APN
149-0011-0074-00
UPID
US66-0415730
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
1903
Heating
YES
Stories
2
Lot
0.31 ac
Current owner
From public records · entity-resolved
Radel Holdings LLC
Entity
Free & Clear · 6 yrs held
Mailing address
1826 RACE ST, CINCINNATI, OH 45202-7720
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2019
—
Radel Holdings LLC
Scotts Triple A Assocs LLC
Warranty Deed
—
Mar 19, 2014
—
Jenna Stires
Stires,christopher R
Affidavit Of Death
—
Mar 19, 2014
$5,000
Radel Associates LLC
Stires,jenna
Quit Claim Deed
related
—
Jan 20, 2010
$21,000
Radel Associates LLC
Stires,nancy A
Grant Deed
—
Jun 10, 2004
—
Scotts Triple A Assocs LLC
Scott,sandra L
Quit Claim Deed
related
—
Dec 28, 2001
$113,400
Sandra L Scott
Radel Associates LLC
Grant Deed
—
Dec 3, 2001
$41,400
Gregory W Stires
Radel Associates LLC
Grant Deed
—
Sep 26, 2001
$235,000
Radel Associates LLC
Murdock INC
Grant Deed
$188,000 · Firstar Bank
—
—
Murdock INC
—
Deed Of Trust
related
$140,000 · Sycamore National 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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