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Property profile & analytics
OFF-MARKET
Estimated value
$990,000
Garden apartment buildings
983 Kennedys Lndg Cincinnati, OH 45245-5103
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-1146564
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1999
Construction
BRICK
Total area
9,028 SF
Lot
9.8 ac (426,888 SF)
APN
41-31-04A-218
UPID
US66-1146564
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
-
Kennedy's Landing Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$715k
CAP Approach
CAP
$1.03M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$990k
Owner & transaction history
Kennedys Landing Owner I LLC · 1 yrs held
Kennedys Landing Owner I LLC
since 2024
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.5M
+98.0%
Medical building
$1.1M
+38.2%
Office building
$960,000
+26.3%
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
$715,000
CAP Approach
CAP Return
Estimation
6%
$1,120,000
6.5%
$1,030,000
7%
$960,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$760,000
Current use
RESTAURANT
$1,500,000
Change: +98% · Conversion: Difficult
MEDICAL BUILDING
$1,050,000
Change: +38% · Conversion: Moderate
OFFICE BUILDING
$960,000
Change: +26% · Conversion: Moderate
RETAIL STORES
$865,000
Change: +14% · Conversion: Difficult
COMMERCIAL (GENERAL)
$800,000
Change: +5% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$785,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$990k
Range $891k – $1.09M · ±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
$110 / 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
$73,834
Tax year 2023
Assessed value
$1,082,340
Assessed 2023
Previous assessed
$1,082,340
+0.0% YoY
Effective rate
6.82%
On assessed value
Assessed land
$89,600
Assessed improvement
$992,740
Land market value
$256,000
Improvement market value
$2,836,400
Total market value
$3,092,400
Applied tax rate
41.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1999
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
2
Units
64
Bathrooms
4
Total area
9,028 SF
Lot
9.8 ac (426,888 SF)
APN
41-31-04A-218
UPID
US66-1146564
Jurisdiction
CLERMONT
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$760,000
RESTAURANT
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING
Est. value
$960,000
RETAIL STORES
Est. value
$865,000
COMMERCIAL (GENERAL)
Est. value
$800,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$785,000
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1999
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
3
Units
64
Bathrooms
4
Lot
9.8 ac
Current owner
From public records · entity-resolved
Kennedys Landing Owner I LLC
Entity
Mailing address
983 KENNEDYS LNDG, CINCINNATI, OH 45245-5103
Mailing matches property
Yes
Owner-occupied
Yes
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 27, 2024
—
Kennedys Landing Owner I LLC
Kennedys Landing Ltd LLC
Deed
related
—
Oct 28, 2016
—
Kennedys Landing One Ltd
—
Deed
related
$14,100,000 · Wells Fargo 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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