Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Garden apartment buildings
1102 Salem Ave Dayton, OH 45406-5101
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US66-1057758
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1969
Construction
WOOD
Total area
21,510 SF
Lot
0.72 ac (31,276 SF)
APN
R72 07203 0003
UPID
US66-1057758
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
-
SALEM CROWN APARTMENTS Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$375k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$671k
Blend (final)
Blend
$625k
Owner & transaction history
1102 Salem Ave LLC · 8 yrs held
1102 Salem Ave LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.0M
+47.4%
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 Dayton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dayton 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
$375,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$695,000
Current use
COMMERCIAL (GENERAL)
$1,020,000
Change: +47% · Conversion: Moderate
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$29 / 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
$14,518
Tax year 2023
Assessed value
$148,070
Assessed 2023
Previous assessed
$94,500
+56.7% YoY
Effective rate
9.80%
On assessed value
Assessed land
$39,310
Assessed improvement
$108,760
Land market value
$112,320
Improvement market value
$310,750
Total market value
$423,070
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
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
2
Units
27
Bathrooms
1
Total area
21,510 SF
Lot
0.72 ac (31,276 SF)
APN
R72 07203 0003
UPID
US66-1057758
Jurisdiction
MONTGOMERY
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
$695,000
COMMERCIAL (GENERAL)
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
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
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Units
27
Bathrooms
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
1102 Salem Ave LLC
Entity
Mailing address
PO BOX 258, MASON, OH 45040-0258
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2018
$270,000
1102 Salem Ave LLC
Schear Martin J
Warranty Deed
$270,000 · Oeg Opportunity LLC
Dec 28, 2012
—
Lynn Avenue LLC
Schear Betty Z Trust
Quit Claim Deed
related
—
Dec 28, 2012
$150,000
Schear,martin J Tr
Lynn Avenue LLC
Quit Claim Deed
related
$150,000 · Lynn Avenue LLC
Mar 11, 2003
—
Martin J Schear
Abe,j Schear Tr
Quit Claim Deed
related
—
Nov 8, 2000
—
Betty Z Schear
Schear,burt E
Quit Claim Deed
related
—
—
—
1102 Salem Ave LLC
—
Deed Of Trust
related
$577,500 · Lima One Cap
—
—
1102 Salem Ave LLC
—
Deed Of Trust
related
$20,000 · Mary J Kolodziej
—
—
1102 Salem Ave LLC
—
Deed Of Trust
related
$30,000 · Jeff Kolodziej
—
—
1102 Salem Ave LLC
—
Deed Of Trust
related
$80,000 · Bel-air 401k Trust (ct)
—
—
1102 Salem Ave LLC
—
Deed Of Trust
related
$22,000 · Bel-air 401k Trust (ct)
—
—
1102 Salem Ave LLC
—
Deed Of Trust
related
$50,000 · Vostok LLC
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?”
You own 1102 Salem Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
