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Property profile & analytics
OFF-MARKET
Estimated value
$6,880,000
Manufacturing properties
1115 5th Ave Lancaster, OH 43130-2938
Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-1697634
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1942
Total area
80,570 SF
Lot
24.44 ac (1,064,519 SF)
APN
053-10009.00
UPID
US66-1697634
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
-
PNC ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.65M
Blend (final)
Blend
$6.88M
Owner & transaction history
Anchor Acquisition LLC · 19 yrs held
Anchor Acquisition LLC
since 2007
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$9.0M
+81.8%
Retail stores
$8.1M
+63.8%
Commercial (general)
$7.0M
+40.8%
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 Lancaster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lancaster 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
INDUSTRIAL (GENERAL)
$4,940,000
Current use
AUTO REPAIR, GARAGE
$8,980,000
Change: +82% · Conversion: Easy
RETAIL STORES
$8,095,000
Change: +64% · Conversion: Moderate
COMMERCIAL (GENERAL)
$6,955,000
Change: +41% · Conversion: Difficult
OFFICE BUILDING
$5,745,000
Change: +16% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,185,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$6.88M
Range $6.19M – $7.57M · ±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
$85 / 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
$149,702
Tax year 2023
Assessed value
$1,652,340
Assessed 2023
Previous assessed
$1,645,540
+0.4% YoY
Effective rate
9.06%
On assessed value
Assessed land
$256,600
Assessed improvement
$1,395,740
Land market value
$733,140
Improvement market value
$3,987,840
Total market value
$4,720,980
Applied tax rate
53.0000
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
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1942
Heating
YES
Buildings
26
Stories
2
Total area
80,570 SF
Lot
24.44 ac (1,064,519 SF)
APN
053-10009.00
UPID
US66-1697634
Jurisdiction
FAIRFIELD
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
INDUSTRIAL (GENERAL) Current
Est. value
$4.9M
AUTO REPAIR, GARAGE
Est. value
$9.0M
RETAIL STORES
Est. value
$8.1M
COMMERCIAL (GENERAL)
Est. value
$7.0M
OFFICE BUILDING
Est. value
$5.7M
WAREHOUSE, STORAGE
Est. value
$4.2M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1942
Heating
YES
Stories
2
Buildings
26
Lot
24.44 ac
Current owner
From public records · entity-resolved
Anchor Acquisition LLC
Entity
Mailing address
519 N PIERCE AVE, LANCASTER, OH 43130-2927
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
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
Sep 29, 2023
—
Ach Lancaster Oh LLC
—
Deed
related
$23,000,000 · Bank Of Montreal
Jun 1, 2023
—
Anchor Hocking LLC
—
Deed
related
$30,000,000 · Citibank NA
Apr 15, 2019
—
Anchor Hocking LLC
—
Grant Deed
related
$65,000,000 · Wells Fargo Bk
Jan 31, 2019
—
Anchor Hocking LLC
—
Grant Deed
related
$25,000,000 · Carlyle Global Credit Inv Mgmt
Jun 6, 2013
—
Anchor Hocking LLC
—
Deed Of Trust
related
$500,000,000 · Deutsche Bank Ag Ny Branch
Oct 18, 2011
—
Anchor Hocking LLC
—
Deed Of Trust
related
$75,000,000 · Pnc Bank
Oct 12, 2011
—
Anchor Hocking LLC
—
Deed Of Trust
related
$45,000,000 · Prospect Capital Corp
Jan 26, 2010
—
Anchor Hocking LLC
—
Deed Of Trust
related
$6,500,000 · Anchor Finco LLC
May 8, 2007
$1,625,800
Anchor Acquisition LLC
Anchor Hocking Cg Operating
Grant Deed
related
$13,000,000 · Monomoy Capital Partners LP
—
—
Anchor Hocking LLC
—
Deed Of Trust
related
$40,000,000 · Wilmington Trust (ct)
—
—
Anchor Hocking LLC
—
Deed Of Trust
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.
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