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Property profile & analytics
OFF-MARKET
Office buildings
8700 Governors Hl Dr Cincinnati, OH 45249-1363
Entity Owned
4-yr Hold
Free & Clear
Property ID
US66-0074488
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1985
Total area
7,273 SF
Lot
4.98 ac (216,929 SF)
APN
620-0202-0046-00
UPID
US66-0074488
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
-
General Electric Co Electric Utility Company
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
Blanca Dc Assets LLC · 4 yrs held
Blanca Dc Assets LLC
since 2021
Last sale
$13.0M
7 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
$348,189
Tax year 2023
Assessed value
$4,549,999
Assessed 2023
Previous assessed
$3,591,001
+26.7% YoY
Effective rate
7.65%
On assessed value
Assessed land
$322,682
Assessed improvement
$4,227,317
Land market value
$921,950
Improvement market value
$12,078,050
Total market value
$13,000,000
Applied tax rate
212.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1985
Heating
YES
Stories
1
Rooms
5
Total area
7,273 SF
Lot
4.98 ac (216,929 SF)
APN
620-0202-0046-00
UPID
US66-0074488
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
1985
Heating
YES
Stories
1
Rooms
5
Lot
4.98 ac
Current owner
From public records · entity-resolved
Blanca Dc Assets LLC
Entity
Free & Clear · 4 yrs held
Mailing address
5 BRYANT PARK, NEW YORK, NY 10018-8204
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2021
$13,000,000
Blanca Dc Assets LLC
Dcii 8700 Governors Hill Drive LLC
Limited Warranty Deed
—
Jul 5, 2017
$10,260,000
Dcii-8700 Governors Hill Drive
General Elec
Grant Deed
—
Jul 5, 2017
$5,806,555
Wells Fargo Equipment Fin
Ge Industrial Financing Soluti
Grant Deed
—
Jul 5, 2017
$8,643,298
General Elec
Wells Fargo Equipment Fin
Grant Deed
—
Nov 30, 2015
—
Cf Equipment Loans LLC
General Elec Cap Corp
Grant Deed
—
Jul 9, 2004
$7,843,300
General Electric Capital Corp
Deutsche Bank Ag New York Br
Grant Deed
related
—
Nov 19, 2001
$7,000,000
Deutsche Bank Ag
Duke Realty LP
Grant 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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