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Property profile & analytics
OFF-MARKET
Estimated value
$6,810,000
Manufacturing properties
101 Commerce Dr Mount Vernon, OH 43050-4646
Entity Owned
3-yr Hold
Free & Clear
Property ID
US66-3156602
Property profile
Verified
Property type
Manufacturing properties
Use group
HEAVY MANUFACTURING
Year built
1972
Total area
82,103 SF
Lot
9.27 ac (403,801 SF)
APN
66-04732.000
UPID
US66-3156602
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
$6.68M
CAP Approach
CAP
$5.19M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.81M
Owner & transaction history
Nm Nvlx LP · 3 yrs held
Nm Nvlx LP
since 2023
Last sale
$7.0M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$8.8M
+473.8%
Commercial (general)
$7.7M
+403.5%
Restaurant
$7.4M
+380.7%
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 Mount Vernon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Vernon 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
$6,595,000
ML approach
$6,675,000
CAP Approach
CAP Return
Estimation
6%
$5,625,000
6.5%
$5,190,000
7%
$4,820,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,805,000
Change: +474% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,725,000
Change: +403% · Conversion: Difficult
RESTAURANT
$7,375,000
Change: +381% · Conversion: Difficult
MEDICAL BUILDING
$6,655,000
Change: +334% · Conversion: Difficult
RETAIL STORES
$6,550,000
Change: +327% · Conversion: Moderate
AUTO REPAIR, GARAGE
$6,085,000
Change: +297% · Conversion: Easy
Blend value · Realmo final
$6.81M
Range $6.13M – $7.49M · ±10% · vs last sale $6.98M (Feb 17 2023)
Last sale anchor
$6.98M
Feb 17 2023
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
$83 / 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
$31,678
Tax year 2023
Assessed value
$644,300
Assessed 2023
Previous assessed
$585,730
+10.0% YoY
Effective rate
4.92%
On assessed value
Assessed land
$79,520
Assessed improvement
$564,780
Land market value
$227,210
Improvement market value
$1,613,670
Total market value
$1,840,880
Applied tax rate
66.0000
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
Manufacturing properties
Use group
HEAVY MANUFACTURING
Status
Off-Market
Year built
1972
Heating
NONE
Cooling
NONE
Bathrooms
1
Total area
82,103 SF
Lot
9.27 ac (403,801 SF)
APN
66-04732.000
UPID
US66-3156602
Jurisdiction
KNOX
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
OFFICE BUILDING
Est. value
$8.8M
COMMERCIAL (GENERAL)
Est. value
$7.7M
RESTAURANT
Est. value
$7.4M
MEDICAL BUILDING
Est. value
$6.7M
RETAIL STORES
Est. value
$6.6M
AUTO REPAIR, GARAGE
Est. value
$6.1M
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
1972
Heating
NONE
Cooling
Yes
Bathrooms
1
Lot
9.27 ac
Current owner
From public records · entity-resolved
Nm Nvlx LP
Entity
Free & Clear · 3 yrs held
Mailing address
1633 BROADWAY FL, NEW YORK, NY 10019-6738
Ownership since
2023
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
May 25, 2023
—
Nm Nvlxc LP
—
Deed
related
$125,000 · Dbr Investments Co
Feb 17, 2023
$6,980,800
Nm Nvlx LP
Burrows Paper Corp
Warranty Deed
—
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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