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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Outlet malls
6918 Hamilton Ave Cincinnati, OH 45231-5212
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US66-6298979
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1975
Total area
5,910 SF
Lot
1.73 ac (75,359 SF)
APN
595-0004-0002-00
UPID
US66-6298979
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
-
Walgreens Pharmacy
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
FedEx OnSite Postal Service Courier Service
-
Walgreens North College Hill Oh Pharmacy
-
David W. Miller, RPh Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$895k
Comparable Approach
Comparable
$917k
Blend (final)
Blend
$850k
Owner & transaction history
Cf Net Lease Portfolio IV Dst · 9 yrs held
Cf Net Lease Portfolio IV Dst
since 2016
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+91.1%
Restaurant
$985,000
+73.4%
Medical building
$685,000
+21.1%
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%
$970,000
6.5%
$895,000
7%
$835,000
Alternative Use
Use
Estimation
RETAIL STORES
$565,000
Current use
AUTO REPAIR, GARAGE
$1,085,000
Change: +91% · Conversion: Difficult
RESTAURANT
$985,000
Change: +73% · Conversion: Easy
MEDICAL BUILDING
$685,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$625,000
Change: +11% · Conversion: Easy
COMMERCIAL (GENERAL)
$525,000
Change: -8% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$515,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$850k
Range $765k – $935k · ±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
$144 / 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
$76,957
Tax year 2023
Assessed value
$1,017,719
Assessed 2023
Previous assessed
$1,225,700
-17.0% YoY
Effective rate
7.56%
On assessed value
Assessed land
$438,648
Assessed improvement
$579,071
Land market value
$1,253,280
Improvement market value
$1,654,490
Total market value
$2,907,770
Applied tax rate
135.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1975
Heating
YES
Cooling
YES
Stories
3
Rooms
3
Total area
5,910 SF
Lot
1.73 ac (75,359 SF)
APN
595-0004-0002-00
UPID
US66-6298979
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
RETAIL STORES Current
Est. value
$565,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
RESTAURANT
Est. value
$985,000
MEDICAL BUILDING
Est. value
$685,000
OFFICE BUILDING
Est. value
$625,000
COMMERCIAL (GENERAL)
Est. value
$525,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$515,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1975
Heating
YES
Cooling
Yes
Stories
3
Rooms
3
Lot
1.73 ac
Current owner
From public records · entity-resolved
Cf Net Lease Portfolio IV Dst
Individual
Mailing address
499 PARK AVE, NEW YORK, NY 10022-1876
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2016
$5,156,800
Cf Net Lease Portfolio IV Dst
Waltrust Properties INC
Warranty Deed
$22,495,184 · Citigroup Global Markets Realt
Mar 7, 2007
$530,000
Walgreen Co
American Postal Workers Union
Warranty Deed
—
Mar 7, 2007
—
Walgreen Co
Bowen Dev
Warranty Deed
—
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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