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Property profile & analytics
OFF-MARKET Estimated value $775,000
Warehouses

9369 Waterstone Blvd Cincinnati, OH 45249-8218

8,690 SF 1.86 ac lot Built 1998
Entity Owned ~ Est. High Equity
Property ID
US66-2636191
Property summary
AI-generated overview

This exceptional 93-unit extended-stay hotel, built in 1999, presents a compelling investment opportunity in the Cincinnati MSA. Located at 9369 Waterstone Blvd, Cincinnati, OH 45249, this two-building, three-story property offers significant upside potential. Currently operating remotely, the hotel benefits from a prime location just twenty miles northeast of downtown Cincinnati, directly off I-71, providing easy access to the thriving northern Cincinnati market. The area boasts strong demand generators, including King's Island, major sports teams, and the Creation Museum, alongside a substantial corporate presence, including seven Fortune 500 companies and Amazon Air's World AirHub. Cincinnati's attractive business environment, including low state income taxes and corporate incentives, further enhances the property's value. The hotel's interior corridor design and existing infrastructure provide a solid foundation for potential conversion opportunities with attractive incentives from Choice and Best Western. This turnkey asset offers a savvy investor the chance to leverage the hotel's existing infrastructure and strong location to maximize returns through active management and potential brand affiliation changes. The asking price is $5,500,000.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1998
Construction FRAME
Total area 8,690 SF
Lot 1.86 ac (81,065 SF)
APN 16-26-252-002-0
UPID US66-2636191
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
  • Hawthorn Extended Stay by Wyndham Cincinnati NE/Mason Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$998k
Blend (final) Blend
$775k
Owner & transaction history
Dinadam Hospitality INC
Dinadam Hospitality INC
since 2026
7 recorded transactions
2026
$4.9M
2019
$4.5M
2014
$6.4M
2012
$4.3M
2012
$3.4M
2005
$3.4M
2005
$4.3M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $1.0M +87.6%
Office building $920,000 +71.4%
Retail stores $835,000 +54.9%
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