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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Schools
11292 State Rte 700 Hiram, OH 44234-9762
Individually Owned
3-yr Hold
Free & Clear
Property ID
US66-1987023
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
1984
Construction
FRAME
Total area
6,158 SF
Lot
15.03 ac (654,881 SF)
APN
20-033-00-00-059-001
UPID
US66-1987023
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
$545k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$580k
Blend (final)
Blend
$630k
Owner & transaction history
Glen A Billeter · 3 yrs held
Glen A Billeter
since 2022
Last sale
$780,000
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$765,000
+90.0%
Office building
$760,000
+88.4%
Commercial (general)
$600,000
+49.6%
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 Hiram submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hiram 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
$475,000
ML approach
$545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$400,000
Current use
INDUSTRIAL (GENERAL)
$765,000
Change: +90% · Conversion: Difficult
OFFICE BUILDING
$760,000
Change: +88% · Conversion: Difficult
COMMERCIAL (GENERAL)
$600,000
Change: +50% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$525,000
Change: +31% · Conversion: Difficult
RESTAURANT
$520,000
Change: +29% · Conversion: Difficult
AUTO REPAIR, GARAGE
$440,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$425,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$630k
Range $567k – $693k · ±10% · vs last sale $780k (Dec 16 2022)
Last sale anchor
$780k
Dec 16 2022
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
$102 / 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
$11,857
Tax year 2023
Assessed value
$243,290
Assessed 2023
Previous assessed
$243,290
+0.0% YoY
Effective rate
4.87%
On assessed value
Assessed land
$25,450
Assessed improvement
$217,840
Land market value
$72,700
Improvement market value
$622,400
Total market value
$695,100
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
1984
Construction
FRAME
Heating
NONE
Cooling
CENTRAL
Stories
2
Rooms
8
Bathrooms
6
Total area
6,158 SF
Lot
15.03 ac (654,881 SF)
APN
20-033-00-00-059-001
UPID
US66-1987023
Jurisdiction
PORTAGE
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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$400,000
INDUSTRIAL (GENERAL)
Est. value
$765,000
OFFICE BUILDING
Est. value
$760,000
COMMERCIAL (GENERAL)
Est. value
$600,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$525,000
RESTAURANT
Est. value
$520,000
AUTO REPAIR, GARAGE
Est. value
$440,000
RETAIL STORES
Est. value
$425,000
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
INDUSTRIAL (GENERAL)
OFFICE BUILDING
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
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
1984
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
2
Rooms
8
Bathrooms
6
Lot
15.03 ac
Current owner
From public records · entity-resolved
Glen A Billeter
Individual
Free & Clear · 3 yrs held
Mailing address
11753 GARFIELD RD FL, HIRAM, OH 44234-3409
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2022
$780,000
Glen A Billeter
Hiram College
Warranty Deed
—
Sep 11, 2017
$484,000
Hiram College
Harbert,donna L
Warranty Deed
—
Dec 28, 2005
—
Donna L Harbert
Harbert,norman C & Donna L
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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