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Property profile & analytics
OFF-MARKET
Estimated value
$2,025,000
Warehouses
7042 Fairfield Business Ctr Fairfield, OH 45014-5480
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-1704137
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1987
Total area
38,580 SF
Lot
4.07 ac (177,115 SF)
APN
A0700-016.000-133
UPID
US66-1704137
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.98M
Blend (final)
Blend
$2.03M
Owner & transaction history
Altus Fairfield I LLC · 4 yrs held
Altus Fairfield I LLC
since 2021
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.1M
+49.8%
Retail stores
$2.8M
+35.1%
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 Fairfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairfield 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
WAREHOUSE, STORAGE
$2,045,000
Current use
COMMERCIAL (GENERAL)
$3,065,000
Change: +50% · Conversion: Difficult
RETAIL STORES
$2,765,000
Change: +35% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,900,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$2.03M
Range $1.82M – $2.23M · ±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
$52 / 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
$27,205
Tax year 2023
Assessed value
$485,930
Assessed 2023
Previous assessed
$485,930
+0.0% YoY
Effective rate
5.60%
On assessed value
Assessed land
$71,160
Assessed improvement
$414,770
Land market value
$203,300
Improvement market value
$1,185,070
Total market value
$1,388,370
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1987
Heating
HOT WATER
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Total area
38,580 SF
Lot
4.07 ac (177,115 SF)
APN
A0700-016.000-133
UPID
US66-1704137
Jurisdiction
BUTLER
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
WAREHOUSE, STORAGE Current
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$3.1M
RETAIL STORES
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1987
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
4.07 ac
Current owner
From public records · entity-resolved
Altus Fairfield I LLC
Entity
Mailing address
121 E 4TH ST, COVINGTON, KY 41011-1752
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2021
—
Altus Fairfield I LLC
Fp Gimel Oh 1 LP
Limited Warranty Deed
$2,240,000 · South Central Bank
Nov 14, 2019
—
Fp-gimel Oh-i LP
Kemper Fairfield LLC
Quit Claim Deed
related
$1,000,000 · Keybank USA
Aug 8, 2016
$1,300,000
Kemper Fairfield LLC
Lightning Propco I LLC
Limited Warranty Deed
—
Jun 4, 2014
$22,380,254
Lightning Propco I LLC
Prologis
Limited Warranty Deed
$267,000,000 · Wells Fargo Bank NA
Feb 2, 2004
$9,244,844
Prologis
State Of Ca Public Emps Retiremen
Grant 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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