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Property profile & analytics
OFF-MARKET
Estimated value
$3,100,000
Office Spaces
1060 2nd St Franklin, OH 45005-1794
Entity Owned
23-yr Hold
~
Est. High Equity
Property ID
US66-0565345
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1961
Construction
CONCRETE
Total area
33,120 SF
Lot
4.08 ac (177,725 SF)
APN
04-26-377-021-0
UPID
US66-0565345
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
-
Smoke Stop (Bike/Boat/Book/etc) Store
-
Laynecrest Plaza Shopping Center Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.58M
Blend (final)
Blend
$3.10M
Owner & transaction history
North Face Properties INC · 23 yrs held
North Face Properties INC
since 2002
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.8M
+29.5%
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 Franklin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Franklin 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
COMMERCIAL (GENERAL)
$3,685,000
Current use
RETAIL STORES
$4,770,000
Change: +29% · Conversion: Easy
Blend value · Realmo final
$3.10M
Range $2.79M – $3.41M · ±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
$94 / 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
$31,053
Tax year 2023
Assessed value
$493,185
Assessed 2023
Previous assessed
$493,185
+0.0% YoY
Effective rate
6.30%
On assessed value
Assessed land
$142,800
Assessed improvement
$350,385
Land market value
$408,000
Improvement market value
$1,001,100
Total market value
$1,409,100
Applied tax rate
21.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1961
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
33,120 SF
Lot
4.08 ac (177,725 SF)
APN
04-26-377-021-0
UPID
US66-0565345
Jurisdiction
WARREN
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
COMMERCIAL (GENERAL) Current
Est. value
$3.7M
RETAIL STORES
Est. value
$4.8M
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
1961
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
4.08 ac
Current owner
From public records · entity-resolved
North Face Properties INC
Entity
Mailing address
PO BOX 308, MIDDLETOWN, OH 45042-0308
Ownership since
2002
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 28, 2020
—
North Face Properties INC
—
Deed
related
$800,000 · Lcnb National Bank
Jan 31, 2012
—
North Face Properties INC
—
Deed Of Trust
related
$1,139,077 · National Bank & Trust Co
Jul 13, 2004
—
North Face Properties INC
—
Trustees Deed
related
$176,974 · Community National Bank
Nov 13, 2002
—
North Face Properties INC
Brown,william L
Grant Deed
related
—
Feb 23, 2000
$1,170,000
William L Brown
Stein Trust
Grant Deed
$877,500 · Community National Bank
—
—
North Face Properties INC
—
Deed Of Trust
related
$402,758 · Community National 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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