Financial
Distress signals
Property profile

223 N Main St Rittman, OH 44270

FOR LEASE
Office buildings
Property ID
US66-6210190
5,060 SF 0.53 ac lot Built 1966
Last sale Jan 2025 · $242,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property is a freestanding office building containing 5,060 square feet of interior office and support space. It has two separate street-facing entrances along N. Main Street and includes a concrete parking lot sized to accommodate approximately 20 vehicles. Inside, the layout features a waiting room, a reception counter, one ADA-compliant restroom, and additional restrooms that are not ADA-compliant. The building includes 17 private offices, many of which are plumbed, plus one laboratory

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$131k
Assessed land$26k
Assessed improvement$105k
Effective rate7.22%

Value estimate

· Sep 2026
$260k
$234k – $286k
AI approach$225k
NOI build-up
Gross scheduled income$76k
Vacancy & credit loss−$9k
Operating expenses−$17k
NOI · 556,600.00% cap applied$50k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$106/SF
County average, outlier-cleaned · 46 recorded sales of this use type
Observed band · Q1–Q3$55 – $227
Qualifying comparables4

Cap rate analysis

How does the asset earn?
556,600.00%
$50k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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.

JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency12.6
Dental Office11.9
Hair Salon10.5

Location

223 N Main St Rittman, OH 44270
County assessor Recorded deeds · 1 transfer 4 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

4 recorded sales · 8 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
43 Ohio, Rittman, OH 44270-1431 $150,000 Jun 2023 1,368 SF
8 Main, Rittman, OH 44270-1438 $95,000 Apr 2022 4,000 SF
19 Main, Rittman, OH 44270-1915 $42,000 Nov 2021 2,240 SF
21 Main, Rittman, OH 44270-1920 $70,000 Aug 2021 1,982 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