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Property profile & analytics
FOR LEASE
Office buildings
9655 Reading Rd Cincinnati, OH 45215
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-1554839
For Lease
1 / 3
$6,935,000
9655 Reading Rd, Cincinnati, OH 45215
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1950
Total area
1,122 SF
Lot
5.78 ac (251,777 SF)
APN
671-0028-0021-00
UPID
US66-1554839
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
-
Viox Services Association / Organization
-
EMCOR Facilities Services Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.42M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.94M
Owner & transaction history
Spirit Realty LP · 3 yrs held
Spirit Realty LP
since 2022
Last sale
$6.5M
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
$7,280,000
ML approach
$7,415,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.94M
Range $6.24M – $7.63M · ±10% · vs last sale $6.53M (Jul 14 2022)
Last sale anchor
$6.53M
Jul 14 2022
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
$6,181 / 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
$172,895
Tax year 2023
Assessed value
$2,069,903
Assessed 2023
Previous assessed
$2,067,450
+0.1% YoY
Effective rate
8.35%
On assessed value
Assessed land
$109,798
Assessed improvement
$1,960,105
Land market value
$313,710
Improvement market value
$5,600,300
Total market value
$5,914,010
Applied tax rate
182.0000
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
Status
For Lease
Year built
1950
Heating
YES
Stories
1
Rooms
11
Total area
1,122 SF
Lot
5.78 ac (251,777 SF)
APN
671-0028-0021-00
UPID
US66-1554839
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
1950
Heating
YES
Stories
1
Rooms
11
Lot
5.78 ac
Current owner
From public records · entity-resolved
Spirit Realty LP
Entity
Mailing address
2727 N HARWOOD ST STE #300, DALLAS, TX 75201-2407
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2022
$6,525,000
Spirit Realty LP
Ru 9655 Reading Road Cincinnati Oh
Limited Warranty Deed
—
Nov 21, 2017
—
Ru 9655 Reading Road Cincinnat
—
Deed
related
$2,955,000 · Sunwest Bk
Sep 8, 2017
$5,907,000
Ru Emcor Cincinnati Oh LLC
R J Viox LLC
Grant Deed
—
Jul 29, 2016
—
R J Viox LLC
—
Trustees Deed
related
$4,324,400 · Fifth Third Bk
Apr 18, 2016
—
Rj Viox LLC
City Of Reading Hamilton Cnty Ohi
Warranty Deed
related
—
Dec 14, 2006
—
City Of Reading
Redwine William H Trust
Grant Deed
—
Oct 12, 2005
—
Connie S Redwine
Redwine,william H SR
Affidavit Of Death
related
—
—
—
Ru 9655 Reading Road Cincinnat
—
Deed Of Trust
related
$2,955,000 · Sunwest Bk
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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