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Property profile & analytics
OFF-MARKET
Estimated value
$2,380,000
Outlet malls
9651 Hamilton Ave Cincinnati, OH 45231-2327
Entity Owned
4-yr Hold
Free & Clear
Property ID
US66-1485002
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1967
Total area
105,469 SF
Lot
14.78 ac (643,947 SF)
APN
590-0370-0070-00
UPID
US66-1485002
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
-
Public Storage Storage Facility
-
Northside Boxing School High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.33M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.38M
Owner & transaction history
Storage Five Springfield LLC · 4 yrs held
Storage Five Springfield LLC
since 2021
Last sale
$2.5M
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
Method
Estimation
Statistic approach
$2,190,000
ML approach
$2,330,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.38M
Range $2.14M – $2.62M · ±10% · vs last sale $2.50M (Sep 27 2021)
Last sale anchor
$2.50M
Sep 27 2021
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
$23 / 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
$75,669
Tax year 2023
Assessed value
$874,999
Assessed 2023
Previous assessed
$295,750
+195.9% YoY
Effective rate
8.65%
On assessed value
Assessed land
$227,888
Assessed improvement
$647,111
Land market value
$651,110
Improvement market value
$1,848,890
Total market value
$2,500,000
Applied tax rate
122.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1967
Heating
YES
Cooling
YES
Stories
1
Rooms
3
Total area
105,469 SF
Lot
14.78 ac (643,947 SF)
APN
590-0370-0070-00
UPID
US66-1485002
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
1967
Heating
YES
Cooling
Yes
Stories
1
Rooms
3
Lot
14.78 ac
Current owner
From public records · entity-resolved
Storage Five Springfield LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 1042, SEABROOK, TX 77586-1042
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2024
—
Storage Five Springfield LLC
—
Deed
related
$11,400,000 · Security National Bank Of Omaha
Sep 27, 2021
$2,500,000
Storage Five Springfield LLC
Maxvi 1 LLC
Limited Warranty Deed
—
Jul 31, 2019
$562,000
Maxvi 1 LLC
Sheriff Of Hamilton County|rinks Of Cincinnati LLC
Trustees Deed
related
—
Feb 14, 2017
—
Rinks Of Cincinnati LLC
—
Trustees Deed
related
$2,275,000 · Orbis Lending Fund IV LP
Nov 9, 2016
—
Rinks Of Cincinnati LLC
—
Trustees Deed
related
$1,750,000 · Bh Lender LLC Bh Lender LLC
Nov 20, 2015
$1,450,000
Rinks Of Cincinnati LLC
9651 Hamilton LLC
Warranty Deed
$301,259 · Financial First Mutual Tr (ct)
Jun 19, 2015
—
9651 Hamilton LLC
Rinks Plaza LLC
Quit Claim Deed
related
$800,000 · Other Institutional Lenders
Jan 14, 2015
—
Luciano Falcone
Falcone John J & Linda
Quit Claim Deed
related
$166,219 · Financial First Mutual Tr (ct)
—
—
Rinks Plaza LLC
—
Deed Of Trust
related
$172,195 · Financial First Mutual Tr (ct)
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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