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Property profile & analytics
OFF-MARKET
Retail space
9938 Waterstone Blvd, Cincinnati, OH 45249-8295
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US66-2451693
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1998
Lot
0.52 ac (22,782 SF)
APN
620-0190-0164-00
UPID
US66-2451693
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
-
Petland Mason (Bike/Boat/Book/etc) Store Pet Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mohawk Properties Two LLC · 19 yrs held
Mohawk Properties Two LLC
since 2007
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$30,550
Tax year 2023
Assessed value
$399,067
Assessed 2023
Previous assessed
$300,084
+33.0% YoY
Effective rate
7.66%
On assessed value
Assessed land
$192,703
Assessed improvement
$206,364
Land market value
$550,580
Improvement market value
$589,610
Total market value
$1,140,190
Applied tax rate
212.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1998
Heating
YES
Lot
0.52 ac (22,782 SF)
APN
620-0190-0164-00
UPID
US66-2451693
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
1998
Heating
YES
Lot
0.52 ac
Current owner
From public records · entity-resolved
Mohawk Properties Two LLC
Entity
Mailing address
PO BOX 498037, CINCINNATI, OH 45249-7037
Ownership since
2007
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
Sep 12, 2018
—
Mohawk Properties Two LLC
—
Deed
related
$1,509,987 · Heritage Bank
Feb 2, 2017
—
Mohawk Properties Twollc
—
Deed
related
$1,050,000 · Park National Bank
Jan 26, 2007
—
Mohawk Properties Two LLC
Jordan Partners Waterstone LLC
Warranty Deed
$1,600,000 · Wells Fargo Bank NA
Jan 18, 2007
—
Sushi Cafe World LLC
—
Trustees Deed
related
$583,200 · Temecula Valley Bank NA
Jul 10, 2003
$270,000
Jordan Partners-waterstone LLC
Schlotzskys Real Estate INC
Grant Deed
$1,150,000 · Bank One NA
Jun 10, 2002
—
Schlotzsky Real Estate INC
Kelsey Fund Ltd
Grant Deed
related
—
Jul 22, 1998
$278,100
Kelsey Fund Ltd
Cincinnati Capital Properties
Grant Deed
related
$470,600 · Schlotzskys Real Estate INC
Jul 6, 1998
$205,400
Cincinnati Capital Properties
Winchester Investments Cole
Grant Deed
related
—
Mar 5, 1998
—
Winchester Investments-cole
Richard D Herndon Trustee
Trustees Deed
related
—
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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