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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Industrial land
940 Central Ave Hamilton, OH 45011-3819
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-6244630
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1922
Total area
42,448 SF
Lot
2.16 ac (94,220 SF)
APN
P6451-001.000-033
UPID
US66-6244630
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
$540k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$904k
Blend (final)
Blend
$655k
Owner & transaction history
Troika East Side LLC · 11 yrs held
Troika East Side LLC
since 2014
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 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
by Request
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$655k
Range $590k – $721k · ±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
$15 / 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
$1,885
Tax year 2023
Assessed value
$34,940
Assessed 2023
Previous assessed
$34,940
+0.0% YoY
Effective rate
5.39%
On assessed value
Assessed land
$34,940
Land market value
$99,830
Total market value
$99,830
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Year built
1922
Heating
NONE
Total area
42,448 SF
Lot
2.16 ac (94,220 SF)
APN
P6451-001.000-033
UPID
US66-6244630
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
Building & site characteristics
From public records
Year built
1922
Heating
NONE
Lot
2.16 ac
Current owner
From public records · entity-resolved
Troika East Side LLC
Entity
Free & Clear · 11 yrs held
Mailing address
1200 CENTRAL AVE, HAMILTON, OH 45011-3825
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2014
$117,426
Troika East Side LLC
Smith,alex
Grant Deed
—
Nov 6, 2014
$117,000
Alex Smith
Sheriff Of Butler County|wood-tek Products INC
Trustees Deed
related
—
Mar 4, 2013
—
Lincoln Equity Co LLC
Gerdes,patty
Quit Claim Deed
related
—
Mar 24, 2009
$110,000
Gary Hamilton
Wood-tek Products INC
Grant Deed
—
May 17, 2007
—
Pfirman Frank C JR Tr
Matandy Realty Ltd
Quit Claim Deed
related
—
Nov 25, 2003
—
Wood Tek Products INC
Parker,richard E & Kathy L
Grant Deed
related
—
Nov 20, 2003
$30,000
Matandy Realty Ltd
Wood Tek Products INC
Grant Deed
—
Sep 11, 2003
$27,500
Wood-tek Products INC
Parker,richard E & Kathy L
Grant Deed
—
—
—
Wood-tek Products INC
—
Deed Of Trust
related
$114,000 · Certified Dev Co/butler Cnty I
—
—
Wood-tek Products INC
—
Deed Of Trust
related
$247,500 · First Financial Bank NA
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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