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Property profile & analytics
FOR LEASE
Warehouses
1003 Bellbrook Ave Xenia, OH 45385
Entity Owned
6-yr Hold
Free & Clear
Property ID
US66-4405184
For Lease
1 / 2
Contact for pricing
1003 Bellbrook Ave, Xenia, OH 45385
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1959
Total area
15,600 SF
Lot
40.59 ac (1,768,188 SF)
APN
M40-0001-0017.0-0016.00
UPID
US66-4405184
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
Current use
Occupant on record · Public records
-
MAHLE Behr Service America L.L.C. Corporate Office
-
FFE Transportation Services, Inc. Trucking Company
-
Passion Growers Storage Facility Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$725k
Blend (final)
Blend
$895k
Owner & transaction history
Icp Xenia Bellbrook LLC · 6 yrs held
Icp Xenia Bellbrook LLC
since 2019
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.3M
+218.0%
Restaurant
$1.2M
+197.0%
Auto repair, garage
$1.2M
+186.7%
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 Xenia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Xenia 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
MEDICAL BUILDING
$1,320,000
Change: +218% · Conversion: Difficult
RESTAURANT
$1,235,000
Change: +197% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,190,000
Change: +187% · Conversion: Easy
OFFICE BUILDING
$970,000
Change: +134% · Conversion: Difficult
COMMERCIAL (GENERAL)
$850,000
Change: +105% · Conversion: Difficult
RETAIL STORES
$840,000
Change: +103% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$780,000
Change: +88% · Conversion: Difficult
Blend value · Realmo final
$895k
Range $806k – $985k · ±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
$57 / 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
$83,146
Tax year 2023
Assessed value
$1,579,930
Assessed 2023
Previous assessed
$1,484,750
+6.4% YoY
Effective rate
5.26%
On assessed value
Assessed land
$363,230
Assessed improvement
$1,216,700
Land market value
$1,037,810
Improvement market value
$3,476,290
Total market value
$4,514,100
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1959
Heating
NONE
Total area
15,600 SF
Lot
40.59 ac (1,768,188 SF)
APN
M40-0001-0017.0-0016.00
UPID
US66-4405184
Jurisdiction
GREENE
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
MEDICAL BUILDING
Est. value
$1.3M
RESTAURANT
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING
Est. value
$970,000
COMMERCIAL (GENERAL)
Est. value
$850,000
RETAIL STORES
Est. value
$840,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$780,000
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1959
Heating
NONE
Lot
40.59 ac
Current owner
From public records · entity-resolved
Icp Xenia Bellbrook LLC
Entity
Free & Clear · 6 yrs held
Mailing address
4020 KINROSS LKS PKWY #20, RICHFIELD, OH 44286-9084
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2023
—
Icp Xenia Bellbrook LLC
—
Deed
related
$17,000,000 · First Financial Bank
Nov 14, 2019
—
Icp Xenia Bellbrook LLC
Xenia Bellbrook LLC
Intrafamily Transfer
related
—
Dec 3, 2013
$4,300,000
Xenia Bellbrook LLC
Supervalu Holdings INC
Grant Deed
—
—
—
Xenia Bellbrook LLC
—
Deed Of Trust
related
$2,000,000 · Tristate Cap Bk
—
—
Supervalu Holdings INC
—
Deed Of Trust
related
$1,500,000,000 · Goldman Sachs Bk USA
—
—
Supervalu Holdings INC
—
Deed Of Trust
related
$1,250,000,000 · Wells Fargo Bk
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.
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?”
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