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Property profile & analytics
OFF-MARKET
Bars & Pubs
8590 Colerain Ave Cincinnati, OH 45251-2914
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US66-0080948
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1964
Total area
3,552 SF
Lot
0.58 ac (25,395 SF)
APN
510-0090-0012-00
UPID
US66-0080948
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
-
Red Carpet Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Aevum Hotels LLC · 7 yrs held
Aevum Hotels LLC
since 2018
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,009
Tax year 2023
Assessed value
$115,527
Assessed 2023
Previous assessed
$120,740
-4.3% YoY
Effective rate
7.80%
On assessed value
Assessed land
$79,754
Assessed improvement
$35,773
Land market value
$227,870
Improvement market value
$102,210
Total market value
$330,080
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 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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1964
Heating
YES
Cooling
YES
Stories
1
Rooms
3
Total area
3,552 SF
Lot
0.58 ac (25,395 SF)
APN
510-0090-0012-00
UPID
US66-0080948
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
Building & site characteristics
From public records
Year built
1964
Heating
YES
Cooling
Yes
Stories
1
Rooms
3
Lot
0.58 ac
Current owner
From public records · entity-resolved
Aevum Hotels LLC
Entity
Mailing address
8598 COLERAIN AVE, CINCINNATI, OH 45251-2914
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2018
—
Aevum Hotels LLC
—
Deed
related
$150,000 · Jamshed R Nuggud
Nov 2, 2018
$850,000
Aevum Hotels LLC
P & C Motel Corp
Warranty Deed
$1,080,000 · Bank Of George
Aug 3, 2018
$350,000
Chato LLC
P & C Motel Corp
Limited Warranty Deed
$150,000 · P & C Motel Corp
Mar 27, 2007
—
P & C Motel Corp
Tam Associates INC
Warranty Deed
—
Oct 23, 2002
—
Department Of Transportation
Tam Associates INC
Grant Deed
related
—
—
—
Aevum Hotels LLC
—
Deed Of Trust
related
$150,000 · Jamshed R Nuggud
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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