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Property profile & analytics
OFF-MARKET
Estimated value
$9,875,000
Retail properties & Spaces
700 Eastgate S Dr Cincinnati, OH 45245-1594
Entity Owned
8-yr Hold
Free & Clear
Property ID
US66-1368806
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1990
Construction
CONCRETE BLOCKS
Total area
70,456 SF
Lot
15.28 ac (665,727 SF)
APN
41-31-05D-150
UPID
US66-1368806
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
-
Carter's Clothing & Fashion Store
-
Rally House 32 East (Bike/Boat/Book/etc) Store
-
UPS Access Point location Courier Service Postal Service
-
Watson's (Eastgate Accessory Store) (Bike/Boat/Book/etc) Store Hardware & Home Improvement
-
Benjamin Kolle Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.50M
Comparable Approach
Comparable
$10.93M
Blend (final)
Blend
$9.88M
Owner & transaction history
32 East Center Delaware LLC · 8 yrs held
32 East Center Delaware LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$12.9M
+91.1%
Restaurant
$11.7M
+73.4%
Medical building
$8.2M
+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%
$13,540,000
6.5%
$12,495,000
7%
$11,605,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,760,000
Current use
AUTO REPAIR, GARAGE
$12,920,000
Change: +91% · Conversion: Difficult
RESTAURANT
$11,720,000
Change: +73% · Conversion: Easy
MEDICAL BUILDING
$8,185,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$7,480,000
Change: +11% · Conversion: Easy
COMMERCIAL (GENERAL)
$6,230,000
Change: -8% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$6,110,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$9.88M
Range $8.89M – $10.86M · ±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
$140 / 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
$279,642
Tax year 2023
Assessed value
$4,099,270
Assessed 2023
Previous assessed
$4,099,270
+0.0% YoY
Effective rate
6.82%
On assessed value
Assessed land
$1,124,970
Assessed improvement
$2,974,300
Land market value
$3,214,200
Improvement market value
$8,498,000
Total market value
$11,712,200
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 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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1990
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Stories
1
Rooms
5
Bathrooms
3
Total area
70,456 SF
Lot
15.28 ac (665,727 SF)
APN
41-31-05D-150
UPID
US66-1368806
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
RETAIL STORES Current
Est. value
$6.8M
AUTO REPAIR, GARAGE
Est. value
$12.9M
RESTAURANT
Est. value
$11.7M
MEDICAL BUILDING
Est. value
$8.2M
OFFICE BUILDING
Est. value
$7.5M
COMMERCIAL (GENERAL)
Est. value
$6.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.1M
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
1990
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Rooms
5
Bathrooms
3
Lot
15.28 ac
Current owner
From public records · entity-resolved
32 East Center Delaware LLC
Entity
Free & Clear · 8 yrs held
Mailing address
629 EUCLID AVE STE #1300, CLEVELAND, OH 44114-3003
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2022
—
32 East Center Delaware LLC
—
Deed
related
$21,500,000 · Citi Real Estate Funding INC
Jan 22, 2018
—
32 East Center Delaware LLC
32 East LLC
Deed
—
Sep 8, 2015
—
Clermont Cnty Transportation I
32 East LLC
Warranty Deed
related
—
Dec 31, 2014
—
32 East LLC
—
Grant Deed
related
$18,100,000 · Branch Bk&tr
Nov 26, 2013
$4,700,000
32 East LLC
168 Eastgate LLC
Warranty Deed
—
Apr 12, 2013
$3,255
Department Of Transportation
168 Eastgate LLC
Warranty Deed
—
Aug 4, 2009
$1,584,000
168 Eastgate LLC
700 Eastgate South Drive Holdi
Grant Deed
—
May 25, 2006
—
Eastgate Drive South Holdi 700
Esa
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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