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Property profile & analytics
OFF-MARKET
Estimated value
$2,095,000
Apartment buildings
10 Zachary Cir, Waterville, OH 43566-1095
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-1297990
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2013
Total area
35,196 SF
Lot
4.52 ac (197,065 SF)
Zoning code
39-R3
APN
96-00354
UPID
US66-1297990
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.16M
Blend (final)
Blend
$2.10M
Owner & transaction history
Mercurio Developers INC · 14 yrs held
Mercurio Developers INC
since 2012
4 recorded transactions
Zoning & alternative use
39-R3 · Waterville, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.9M
+101.8%
Auto repair, garage
$2.6M
+82.3%
Retail stores
$2.5M
+76.0%
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 Waterville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waterville 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,415,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,855,000
Change: +102% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,575,000
Change: +82% · Conversion: Difficult
RETAIL STORES
$2,490,000
Change: +76% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,270,000
Change: +61% · Conversion: Moderate
OFFICE BUILDING
$2,260,000
Change: +60% · Conversion: Moderate
Blend value · Realmo final
$2.10M
Range $1.89M – $2.30M · ±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
$60 / 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
$56,556
Tax year 2023
Assessed value
$774,095
Assessed 2023
Previous assessed
$774,095
+0.0% YoY
Effective rate
7.31%
On assessed value
Assessed land
$45,710
Assessed improvement
$728,385
Land market value
$130,600
Improvement market value
$2,081,100
Total market value
$2,211,700
Applied tax rate
96.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2013
Heating
NONE
Stories
1
Units
2
Total area
35,196 SF
Lot
4.52 ac (197,065 SF)
Zoning code
39-R3
APN
96-00354
UPID
US66-1297990
Jurisdiction
LUCAS
Zoning & alternative use
39-R3 · Waterville, OH
Zoning 39-R3 · permitted uses
39-R3 · Waterville, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Waterville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.6M
RETAIL STORES
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2013
Heating
NONE
Stories
1
Units
2
Lot
4.52 ac
Current owner
From public records · entity-resolved
Mercurio Developers INC
Entity
Free & Clear · 14 yrs held
Mailing address
8625 PEPPER RDG CIR, SYLVANIA, OH 43560-9447
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2012
$120,000
Mercurio Developers INC
Sof-viii- Ft Garverick Prephan
Warranty Deed
—
Jun 24, 2011
$370,000
Sof-viii Ft Garverick Prephan
Erie Shores Real Estate
Grant Deed
—
Aug 9, 2005
$340,000
Erie Shores Real Estate Ltd
Waterville Properties LLC
Grant Deed
$1,350,000 · Fifth Third Bank
—
—
Erie Shores Real Estate Ltd
—
Deed Of Trust
related
$80,000 · Fifth Third Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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