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Property profile & analytics
FOR SALE
Retail space
7919 Colerain Ave, Cincinnati, OH 45239
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US66-0541769
For Sale
1 / 2
$340,000
7919 Colerain Ave, Cincinnati, OH 45239
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1969
Total area
5,145 SF
Lot
1.13 ac (49,310 SF)
APN
510-0071-0016-00
UPID
US66-0541769
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
$477k
Blend (final)
Blend
$525k
Owner & transaction history
Erich L Heinrich · 6 yrs held
Erich L Heinrich
since 2019
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$855,000
+73.4%
Medical building
$600,000
+21.1%
Office building
$545,000
+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
RETAIL STORES
$495,000
Current use
RESTAURANT
$855,000
Change: +73% · Conversion: Easy
MEDICAL BUILDING
$600,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$545,000
Change: +11% · Conversion: Easy
COMMERCIAL (GENERAL)
$455,000
Change: -8% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$445,000
Change: -10% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$430,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$102 / 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
$8,325
Tax year 2023
Assessed value
$105,662
Assessed 2023
Previous assessed
$104,199
+1.4% YoY
Effective rate
7.88%
On assessed value
Assessed land
$90,850
Assessed improvement
$14,812
Land market value
$259,570
Improvement market value
$42,320
Total market value
$301,890
Applied tax rate
141.0000
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1969
Heating
YES
Stories
1
Total area
5,145 SF
Lot
1.13 ac (49,310 SF)
APN
510-0071-0016-00
UPID
US66-0541769
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
$495,000
RESTAURANT
Est. value
$855,000
MEDICAL BUILDING
Est. value
$600,000
OFFICE BUILDING
Est. value
$545,000
COMMERCIAL (GENERAL)
Est. value
$455,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$445,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$430,000
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1969
Heating
YES
Stories
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
Erich L Heinrich
Individual
Mailing address
6437 HAMILTON AVE, CINCINNATI, OH 45224-1064
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2019
$297,710
Erich L Heinrich
A A INC
Warranty Deed
$223,282 · Lcnb National Bank
Feb 2, 2000
$290,000
Aa INC
Pool & Patio INC
Trustees Deed
—
Feb 2, 2000
$181,000
Pool & Patio INC
Balton,ardath T
Trustees 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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