Financial
Distress signals
Property profile

240 N 2Nd St Frankfort, OH 45628

FOR SALE
Retail space
Property ID
US66-5573269
9,100 SF 1.2 ac lot Built 2021
Last sale Jun 2021 · $1,574,400
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. 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?
$26k
Tax billed · 2023
Assessed value$551k
Assessed land$38k
Assessed improvement$513k
Effective rate4.63%

Value estimate

· Sep 2026
$410k
$369k – $451k
CAP approach$1.04M
NOI build-up
Gross scheduled income$135k
Vacancy & credit loss−$6k
Operating expenses−$32k
NOI · 7.36% cap applied$97k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$132/SF
County average, outlier-cleaned · 51 recorded sales of this use type
Observed band · Q1–Q3$66 – $196

Cap rate analysis

How does the asset earn?
7.36%
$97k 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.

JurisdictionROSS

Location intelligence

Which uses thrive at this corner?
Best fit: Plumbing Service
Demand index
Plumbing Service8.7
Garden Center8.3
Storage Facility8.3

Location

240 N 2Nd St Frankfort, OH 45628
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file 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

3 recorded sales · 6 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
10-12 Main, Frankfort, OH 45628 $110,000 Dec 2023 1,080 SF
14 Main, Frankfort, OH 45628 $15,000 Jul 2021 830 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
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