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Property profile & analytics
FOR LEASE
Investment properties
8154 Montgomery Rd, Cincinnati, OH 45236
Entity Owned
20-yr Hold
Property ID
US66-5484300
For Lease
1 / 6
$32 SF/Yr
8154 Montgomery Rd, Cincinnati, OH 45236
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Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1967
Total area
28,400 SF
Lot
1.94 ac (84,681 SF)
APN
525-0013-0004-00
UPID
US66-5484300
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
-
Precision Orthodontics Dental Office
-
Pure Barre Gym & Fitness Center
-
Orangetheory Fitness Gym & Fitness Center
-
Chipotle Mexican Grill Restaurant
-
Priority Properties Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.31M
Comparable Approach
Comparable
$4.54M
Blend (final)
Blend
$4.97M
Owner & transaction history
Lamb Realty LLC · 20 yrs held
Lamb Realty LLC
since 2005
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.2M
+107.4%
Restaurant
$4.7M
+88.2%
Medical building
$3.3M
+31.4%
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%
$5,750,000
6.5%
$5,310,000
7%
$4,930,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$5,205,000
Change: +107% · Conversion: Difficult
RESTAURANT
$4,725,000
Change: +88% · Conversion: Difficult
MEDICAL BUILDING
$3,300,000
Change: +31% · Conversion: Easy
OFFICE BUILDING
$3,015,000
Change: +20% · Conversion: Easy
Blend value · Realmo final
$4.97M
Range $4.47M – $5.46M · ±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
$175 / 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
$97,580
Tax year 2023
Assessed value
$1,831,287
Assessed 2023
Previous assessed
$1,605,191
+14.1% YoY
Effective rate
5.33%
On assessed value
Assessed land
$900,711
Assessed improvement
$930,576
Land market value
$2,573,460
Improvement market value
$2,658,790
Total market value
$5,232,250
Applied tax rate
67.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Year built
1967
Heating
YES
Stories
2
Rooms
4
Total area
28,400 SF
Lot
1.94 ac (84,681 SF)
APN
525-0013-0004-00
UPID
US66-5484300
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
AUTO REPAIR, GARAGE
Est. value
$5.2M
RESTAURANT
Est. value
$4.7M
MEDICAL BUILDING
Est. value
$3.3M
OFFICE BUILDING
Est. value
$3.0M
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
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
1967
Heating
YES
Stories
2
Rooms
4
Lot
1.94 ac
Current owner
From public records · entity-resolved
Lamb Realty LLC
Entity
Mailing address
9171 GEROMES WAY, LOVELAND, OH 45140-8258
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2014
—
Lamb Realty LLC
—
Grant Deed
related
$2,535,000 · Union Fsb
Aug 11, 2005
—
Lamb Realty LLC
Ivyfarm Investments LLC
Grant Deed
$2,700,000 · Fifth Third Bank
Sep 23, 2002
—
Ivyfarm Investments LLC
Perin Realty Ltd
Grant Deed
related
—
May 7, 2002
—
Perin Realty Ltd
W Russell Wilson Trustee
Trustees Deed
$5,200,000 · Provident Savings Bank
May 7, 2002
$5,200,000
Al Neyer INC
—
Trustees Deed
related
—
Apr 20, 1999
$2,200,000
Al Neyer INC
Lfc LP
Grant Deed
$3,900,000 · Provident Savings Bank
—
—
Lamb Realty LLC
—
Deed Of Trust
related
$200,000 · Fifth Third Bank
—
—
Lamb Realty LLC
—
Deed Of Trust
related
$200,000 · Pnc Bank
—
—
Lamb Realty LLC
—
Deed Of Trust
related
$2,700,000 · Pnc Bank
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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