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Property profile & analytics
OFF-MARKET
Estimated value
$28,430,000
Retail space
1082 State Rte 28, Milford, OH 45150-4933
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-2447694
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1997
Construction
TILT-UP CONCRETE
Total area
210,444 SF
Lot
29.04 ac (1,264,765 SF)
APN
18-25-16D-250
UPID
US66-2447694
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
$31.45M
Comparable Approach
Comparable
$30.29M
Blend (final)
Blend
$28.43M
Owner & transaction history
Keb Real Estate Holdings LLC · 5 yrs held
Keb Real Estate Holdings LLC
since 2021
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$46.5M
+57.2%
Commercial (general)
$43.7M
+47.6%
Neighborhood: shopping center
$29.9M
+1.1%
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 Milford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milford 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%
$34,065,000
6.5%
$31,445,000
7%
$29,200,000
Alternative Use
Use
Estimation
RETAIL STORES
$29,585,000
Current use
OFFICE BUILDING
$46,525,000
Change: +57% · Conversion: Easy
COMMERCIAL (GENERAL)
$43,655,000
Change: +48% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$29,915,000
Change: +1% · Conversion: Moderate
AUTO REPAIR, GARAGE
$28,130,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$28.43M
Range $25.59M – $31.27M · ±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
$135 / 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
$419,968
Tax year 2023
Assessed value
$3,423,840
Assessed 2023
Previous assessed
$3,423,840
+0.0% YoY
Effective rate
12.27%
On assessed value
Assessed land
$1,247,050
Assessed improvement
$2,176,790
Land market value
$3,563,000
Improvement market value
$6,219,400
Total market value
$9,782,400
Applied tax rate
18.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1997
Construction
TILT-UP CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
2
Rooms
6
Bathrooms
2
Total area
210,444 SF
Lot
29.04 ac (1,264,765 SF)
APN
18-25-16D-250
UPID
US66-2447694
Jurisdiction
CLERMONT
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
RETAIL STORES Current
Est. value
$29.6M
OFFICE BUILDING
Est. value
$46.5M
COMMERCIAL (GENERAL)
Est. value
$43.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$29.9M
AUTO REPAIR, GARAGE
Est. value
$28.1M
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1997
Construction
TILT-UP CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Rooms
6
Bathrooms
2
Lot
29.04 ac
Current owner
From public records · entity-resolved
Keb Real Estate Holdings LLC
Entity
Free & Clear · 5 yrs held
Mailing address
2929 WALKER AVE NW, GRAND RAPIDS, MI 49544-6402
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Nov 18, 2022
—
Keb Real Estate Holdings LLC
—
Deed
related
$1,453,600 · First Financial Bank NA
Jun 30, 2021
$300,000
Keb Real Estate Holdings LLC
Meijer Stores Limited Partnership
Limited Warranty Deed
—
Jun 28, 2018
$295,000
Waffle House INC
Meijer Stores LP
Grant Deed
—
Jan 23, 2018
$189,000
Waffle House INC
Meijer Stores LP
Grant Deed
—
Apr 15, 2008
—
Stores Meijer
Meijer Stores
Quit Claim Deed
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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