Financial
Distress signals
Property profile

28 S Franklin St Delaware, OH 43015

FOR SALE
Medical Office Space
Property ID
US66-2582217
6,400 SF 0.48 ac lot Built 1946
Last sale May 2024 · $650,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property is a three-level mixed-use building that was originally configured as 12 units total, with four units per floor. Redevelopment planning is underway and the building has been subject to demolition activity. The site is located one block from the intersection of Sandusky and William Streets and is within close proximity to Ohio Wesleyan University (OWU). The building’s vertical three-level form and documented original 12-unit layout provide a basis for reconfiguration into a

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$9k
Tax billed · 2023
Assessed value$165k
Assessed land$46k
Assessed improvement$118k
Effective rate5.56%

Value estimate

· Sep 2026
$650k
$585k – $715k
AI approach$650k
Sales comparison$652k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$164/SF
County average, outlier-cleaned · 30 recorded sales of this use type
Observed band · Q1–Q3$102 – $207
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionDELAWARE

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office10.7
Furniture Store10.4
Daycare Center10.2

Location

28 S Franklin St Delaware, OH 43015
County assessor Recorded deeds · 4 transfers 3 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1362 Central, Delaware, OH 43015-1891 $1,365,000 Jan 2026 4,136 SF
833 William, Delaware, OH 43015-3754 $1,050,000 Jan 2026 3,921 SF
90 William, Delaware, OH 43015-2149 $450,000 Aug 2022 3,707 SF
43 Northwood, Delaware, OH 43015-1501 $313,000 Aug 2021 3,716 SF
241 Paddock, Delaware, OH 43015-1317 $595,000 Apr 2019 9,590 SF
2295 William, Delaware, OH 43015-1361 $742,500 Jan 2019 9,974 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message