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Property profile & analytics
OFF-MARKET
Estimated value
$3,800,000
Strip malls
7721 Beechmont Ave, Cincinnati, OH 45255-4203
Individually Owned
23-yr Hold
Free & Clear
Property ID
US66-1321547
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1989
Total area
39,778 SF
Lot
2.94 ac (127,892 SF)
APN
500-0203-0028-00
UPID
US66-1321547
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
-
Rush My Passport Travel Agency
-
FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.65M
Blend (final)
Blend
$3.80M
Owner & transaction history
Festival Market Of Anderson Ll · 23 yrs held
Festival Market Of Anderson Ll
since 2002
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.6M
+33.9%
Office building
$4.2M
+22.4%
Retail stores
$3.8M
+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
$3,450,000
Current use
MEDICAL BUILDING
$4,620,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$4,220,000
Change: +22% · Conversion: Moderate
RETAIL STORES
$3,815,000
Change: +11% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,515,000
Change: +2% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,340,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$3.80M
Range $3.42M – $4.18M · ±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
$96 / 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
$130,525
Tax year 2023
Assessed value
$1,358,514
Assessed 2023
Previous assessed
$1,288,462
+5.4% YoY
Effective rate
9.61%
On assessed value
Assessed land
$487,350
Assessed improvement
$871,164
Land market value
$1,392,430
Improvement market value
$2,489,040
Total market value
$3,881,470
Applied tax rate
42.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1989
Heating
YES
Cooling
YES
Stories
1
Rooms
3
Total area
39,778 SF
Lot
2.94 ac (127,892 SF)
APN
500-0203-0028-00
UPID
US66-1321547
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.5M
MEDICAL BUILDING
Est. value
$4.6M
OFFICE BUILDING
Est. value
$4.2M
RETAIL STORES
Est. value
$3.8M
COMMERCIAL (GENERAL)
Est. value
$3.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.3M
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
1989
Heating
YES
Cooling
Yes
Stories
1
Rooms
3
Lot
2.94 ac
Current owner
From public records · entity-resolved
Festival Market Of Anderson Ll
Individual
Free & Clear · 23 yrs held
Mailing address
629 BALBRIGGAN CT, CINCINNATI, OH 45255-5618
Ownership since
2002
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
Aug 12, 2002
$1,085,900
Festival Market Of Anderson Ll
Neyer,thomas L
Grant Deed
—
Aug 12, 2002
—
William L Neyer
Neyer Holdings I LP
Quit Claim Deed
related
—
Aug 12, 2002
$99,100
Festival Market Of Anderson Ll
Berg,jennifer A
Grant Deed
—
Aug 12, 2002
$216,500
Festival Market Of Anderson Ll
Neyer,daniel A
Grant Deed
$3,000,000 · Column Financial INC
Aug 12, 2002
$187,100
Festival Market Of Anderson Ll
Neyer,thomas L
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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