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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Office buildings
8500 Bilstein Blvd Hamilton, OH 45015-2218
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-2310453
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Total area
7,680 SF
Lot
1 ac (43,560 SF)
APN
P6461-059.000-038
UPID
US66-2310453
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
-
TriHealth Occupational Medicine - Butler County Occupational Health Service Drug Testing Service
-
A-1 Healthcare Staffing & Placements Physician
-
Hamilton Treatment Services Medical Clinic
-
Jessica Fairbank Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$835k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$681k
Blend (final)
Blend
$850k
Owner & transaction history
8500 8550 Bilstein Blvd LLC · 3 yrs held
8500 8550 Bilstein Blvd LLC
since 2023
Last sale
$1.0M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$870,000
+65.2%
Neighborhood: shopping center
$850,000
+61.3%
Auto repair, garage
$800,000
+51.9%
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 Hamilton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hamilton 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
$875,000
ML approach
$835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$525,000
Current use
MEDICAL BUILDING
$870,000
Change: +65% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$850,000
Change: +61% · Conversion: Difficult
AUTO REPAIR, GARAGE
$800,000
Change: +52% · Conversion: Difficult
COMMERCIAL (GENERAL)
$610,000
Change: +16% · Conversion: Easy
RETAIL STORES
$515,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$850k
Range $765k – $935k · ±10% · vs last sale $1.00M (Apr 11 2023)
Last sale anchor
$1.00M
Apr 11 2023
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
$111 / 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
$9,776
Tax year 2023
Assessed value
$181,170
Assessed 2023
Previous assessed
$181,170
+0.0% YoY
Effective rate
5.40%
On assessed value
Assessed land
$28,970
Assessed improvement
$152,200
Land market value
$82,760
Improvement market value
$434,870
Total market value
$517,630
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1985
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Rooms
4
Bathrooms
1
Total area
7,680 SF
Lot
1 ac (43,560 SF)
APN
P6461-059.000-038
UPID
US66-2310453
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
OFFICE BUILDING Current
Est. value
$525,000
MEDICAL BUILDING
Est. value
$870,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$850,000
AUTO REPAIR, GARAGE
Est. value
$800,000
COMMERCIAL (GENERAL)
Est. value
$610,000
RETAIL STORES
Est. value
$515,000
OFFICE BUILDING Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1985
Heating
HOT WATER
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
1
Lot
1 ac
Current owner
From public records · entity-resolved
8500 8550 Bilstein Blvd LLC
Entity
Mailing address
6152 PEPPERGRASS CT, WESTERVILLE, OH 43082-8227
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2023
$1,001,000
8500 8550 Bilstein Blvd LLC
Antenen Properties LLC
Limited Warranty Deed
$1,072,500 · Telhio Cu INC
Mar 4, 2020
—
Antenen Properties LLC
Jay F JR
Quit Claim Deed
related
—
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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