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Property profile & analytics
OFF-MARKET
Commercial real estate
11307 Palmer Rd Concord Township, OH 44077-2341
Individually Owned
10-yr Hold
Free & Clear
Property ID
US66-3809139
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
1,500 SF
Lot
0.83 ac (36,155 SF)
Zoning code
R-1
APN
08-A-015-C-00-017-0
UPID
US66-3809139
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
-
Hot Tubs on Wheels (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ken Hope · 10 yrs held
Ken Hope
since 2015
2 recorded transactions
Zoning & alternative use
R-1 · Concord Township, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the R-1 Residential District is to provide an area within the Township for housing and other compatible residential uses that are in close proximity to major state highways and interchanges of limited access highways, higher traffic roads, commercial concentrations and service areas, which are generally serviced by sanitary sewer and public wa…
Zone name
Residential
General category
COMMERCIAL
Zone area
6,172.43 ac
Source
Realmo
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 Concord Township submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Concord Township 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$862
Tax year 2023
Assessed value
$11,590
Assessed 2023
Previous assessed
$11,590
+0.0% YoY
Effective rate
7.44%
On assessed value
Assessed land
$9,150
Assessed improvement
$2,440
Land market value
$26,140
Improvement market value
$6,980
Total market value
$33,120
Applied tax rate
8.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Stories
1
Total area
1,500 SF
Lot
0.83 ac (36,155 SF)
Zoning code
R-1
APN
08-A-015-C-00-017-0
UPID
US66-3809139
Jurisdiction
LAKE
Zoning & alternative use
R-1 · Concord Township, OHZoning R-1 · permitted uses
R-1 · Concord Township, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the R-1 Residential District is to provide an area within the Township for housing and other compatible residential uses that are in close proximity to major state highways and interchanges of limited access highways, higher traffic roads, commercial concentrations and service areas, which are generally serviced by sanitary sewer and public water. Developments in this District tend to have a predominance of suburban residential character on gently rolling lands.
Zone name
Residential
General category
COMMERCIAL
Zone area
6,172.43 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Stories
1
Lot
0.83 ac
Current owner
From public records · entity-resolved
Ken Hope
Individual
Free & Clear · 10 yrs held
Mailing address
11307 PALMER RD, CONCORD TOWNSHIP, OH 44077-2341
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2015
$43,000
Ken Hope
Contorno,mark J & Barbara
Warranty Deed
—
Nov 1, 2011
$38,000
Mark J Contorno
William C Kay Builders INC
Grant Deed
—
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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