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Property profile & analytics
OFF-MARKET
Estimated value
$975,000
Garden apartment buildings
1074 Park Ln Middletown, OH 45042-3459
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-5785097
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1969
Total area
14,205 SF
Lot
1.08 ac (46,914 SF)
APN
Q6531-078.000-006
UPID
US66-5785097
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
$837k
Blend (final)
Blend
$975k
Owner & transaction history
Olde Towne Properties II LLC · 4 yrs held
Olde Towne Properties II LLC
since 2021
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.6M
+129.8%
Neighborhood: shopping center
$1.6M
+124.3%
Auto repair, garage
$1.5M
+111.2%
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 Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown 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)
$700,000
Current use
MEDICAL BUILDING
$1,610,000
Change: +130% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,570,000
Change: +124% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,480,000
Change: +111% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,130,000
Change: +61% · Conversion: Moderate
RETAIL STORES
$955,000
Change: +37% · Conversion: Difficult
WAREHOUSE, STORAGE
$700,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$975k
Range $878k – $1.07M · ±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
$69 / 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
$14,180
Tax year 2023
Assessed value
$236,260
Assessed 2023
Previous assessed
$157,100
+50.4% YoY
Effective rate
6.00%
On assessed value
Assessed land
$29,400
Assessed improvement
$206,860
Land market value
$84,000
Improvement market value
$591,030
Total market value
$675,030
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1969
Heating
HOT WATER
Cooling
CENTRAL
Stories
2
Units
14
Bathrooms
3
Total area
14,205 SF
Lot
1.08 ac (46,914 SF)
APN
Q6531-078.000-006
UPID
US66-5785097
Jurisdiction
BUTLER
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$700,000
MEDICAL BUILDING
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
Est. value
$955,000
WAREHOUSE, STORAGE
Est. value
$700,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
1969
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
14
Bathrooms
3
Lot
1.08 ac
Current owner
From public records · entity-resolved
Olde Towne Properties II LLC
Entity
Mailing address
5975 CASTLE CRK PKWY N DR STE #100, INDIANAPOLIS, IN 46250-4344
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2021
—
Olde Towne Properties II LLC
Cmc Olde Towne LLC
Limited Warranty Deed
—
Dec 30, 2014
—
Cmc Olde Towne LLC
Ecp Olde Towne LLC
Quit Claim Deed
related
—
Aug 18, 2008
$3,800,000
Ecp Olde Towne LLC
Sheriff Of Butler County
Trustees Deed
related
—
Apr 21, 2003
—
Olde Town Apartments LLC
—
Deed Of Trust
related
$7,128,000 · Peoples Community Bank
—
—
Cmc Olde Towne LLC
—
Deed Of Trust
related
$4,200,000 · Bellwether Ent R/e Cap
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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