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Property profile & analytics
OFF-MARKET
Estimated value
$2,515,000
Strip malls
8717 Flds Ertel Rd Cincinnati, OH 45249-8258
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-1897517
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1986
Total area
27,850 SF
Lot
3.1 ac (135,080 SF)
APN
620-0202-0024-00
UPID
US66-1897517
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
$2.69M
Blend (final)
Blend
$2.52M
Owner & transaction history
8717 Fields Ertel Rd Holding LLC · 2 yrs held
8717 Fields Ertel Rd Holding LLC
since 2024
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.2M
+33.9%
Office building
$3.0M
+22.4%
Retail stores
$2.7M
+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
NEIGHBORHOOD: SHOPPING CENTER
$2,415,000
Current use
MEDICAL BUILDING
$3,235,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$2,955,000
Change: +22% · Conversion: Moderate
RETAIL STORES
$2,670,000
Change: +11% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,460,000
Change: +2% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,340,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$2.52M
Range $2.26M – $2.77M · ±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
$90 / 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
$60,579
Tax year 2023
Assessed value
$786,174
Assessed 2023
Previous assessed
$715,190
+9.9% YoY
Effective rate
7.71%
On assessed value
Assessed land
$254,527
Assessed improvement
$531,647
Land market value
$727,220
Improvement market value
$1,518,990
Total market value
$2,246,210
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1986
Heating
YES
Stories
1
Total area
27,850 SF
Lot
3.1 ac (135,080 SF)
APN
620-0202-0024-00
UPID
US66-1897517
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$3.2M
OFFICE BUILDING
Est. value
$3.0M
RETAIL STORES
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$2.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1986
Heating
YES
Stories
1
Lot
3.1 ac
Current owner
From public records · entity-resolved
8717 Fields Ertel Rd Holding LLC
Entity
Mailing address
6338 SNIDER RD UNIT #651, MASON, OH 45040-5127
Ownership since
2024
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
Jan 30, 2024
—
8717 Fields Ertel Rd Holding LLC
Symmes Square Investments LLC
Warranty Deed
$2,884,000 · Kemba Credit Union INC
Feb 3, 2014
$1,750,000
Symmes Square Investments LLC
Roger F Thesing LP
Grant Deed
$1,369,500 · Union Fsb
Jun 27, 2006
—
Roger F Thesing
Symmes Square Ltd
Grant 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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