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Property profile & analytics
OFF-MARKET
Estimated value
$3,315,000
Strip malls
10000 Montgomery Rd, Montgomery, OH 45242-5322
Entity Owned
4-yr Hold
Free & Clear
Property ID
US66-0122667
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1991
Total area
27,842 SF
Lot
2.79 ac (121,707 SF)
APN
603-0008-0504-00
UPID
US66-0122667
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
$3.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.52M
Blend (final)
Blend
$3.32M
Owner & transaction history
Schoolhouse Baceline LLC · 4 yrs held
Schoolhouse Baceline LLC
since 2021
Last sale
$3.5M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.1M
+111.4%
Restaurant
$4.6M
+91.8%
Office building
$3.3M
+34.6%
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 Montgomery submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Montgomery 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
$3,065,000
ML approach
$3,190,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,415,000
Current use
AUTO REPAIR, GARAGE
$5,105,000
Change: +111% · Conversion: Difficult
RESTAURANT
$4,630,000
Change: +92% · Conversion: Difficult
OFFICE BUILDING
$3,250,000
Change: +35% · Conversion: Moderate
MEDICAL BUILDING
$3,235,000
Change: +34% · Conversion: Difficult
RETAIL STORES
$2,670,000
Change: +11% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,460,000
Change: +2% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,340,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$3.32M
Range $2.98M – $3.65M · ±10% · vs last sale $3.50M (Dec 22 2021)
Last sale anchor
$3.50M
Dec 22 2021
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
$119 / 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
$87,954
Tax year 2023
Assessed value
$1,114,371
Assessed 2023
Previous assessed
$952,778
+17.0% YoY
Effective rate
7.89%
On assessed value
Assessed land
$650,590
Assessed improvement
$463,781
Land market value
$1,858,830
Improvement market value
$1,325,090
Total market value
$3,183,920
Applied tax rate
211.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1991
Heating
YES
Stories
1
Rooms
3
Bathrooms
2
Total area
27,842 SF
Lot
2.79 ac (121,707 SF)
APN
603-0008-0504-00
UPID
US66-0122667
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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$5.1M
RESTAURANT
Est. value
$4.6M
OFFICE BUILDING
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$3.2M
RETAIL STORES
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$2.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1991
Heating
YES
Stories
1
Rooms
3
Bathrooms
2
Lot
2.79 ac
Current owner
From public records · entity-resolved
Schoolhouse Baceline LLC
Entity
Free & Clear · 4 yrs held
Mailing address
511 N BROADWAY, DENVER, CO 80203-3405
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2021
$3,500,000
Schoolhouse Baceline LLC
Schoolhouse Plaza Shopping Ctr Cinc
Special Warranty Deed
—
Jul 2, 2003
$3,610,000
Plaza Shopping Cen Schoolhouse
School House Plaza LLC
Grant Deed
related
$3,000,000 · Lehman Brothers Bank Fsb
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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