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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Flex space
11321 Concord Hambden Rd Concord Township, OH 44077-9704
Entity Owned
Free & Clear
Property ID
US66-1248955
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1972
Total area
12,770 SF
Lot
4.63 ac (201,683 SF)
Zoning code
M
APN
08-A-014-0-00-047-0
UPID
US66-1248955
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
-
Hannon Electric Co Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$755k
Comparable Approach
Comparable
$810k
Blend (final)
Blend
$730k
Owner & transaction history
HANNON ELECTRIC CO
HANNON ELECTRIC CO
Zoning & alternative use
M · Concord Township, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To provide a Manufacturing (M) District that accommodates the development of light manufacturing enterprises which shall operate in a clean and quiet manner
Zone name
Manufacturing
General category
INDUSTRIAL
Zone area
14.34 ac
Source
Realmo
Top alternative use upside
Office building
$1.1M
+103.2%
Auto repair, garage
$1.1M
+92.1%
Medical building
$900,000
+61.2%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$820,000
6.5%
$755,000
7%
$700,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$555,000
Current use
OFFICE BUILDING
$1,130,000
Change: +103% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,070,000
Change: +92% · Conversion: Easy
MEDICAL BUILDING
$900,000
Change: +61% · Conversion: Difficult
COMMERCIAL (GENERAL)
$775,000
Change: +39% · Conversion: Difficult
WAREHOUSE, STORAGE
$725,000
Change: +30% · Conversion: Easy
RETAIL STORES
$495,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$730k
Range $657k – $803k · ±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
$57 / 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
$11,495
Tax year 2023
Assessed value
$156,780
Assessed 2023
Previous assessed
$156,780
+0.0% YoY
Effective rate
7.33%
On assessed value
Assessed land
$47,250
Assessed improvement
$109,530
Land market value
$135,000
Improvement market value
$312,950
Total market value
$447,950
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1972
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
12,770 SF
Lot
4.63 ac (201,683 SF)
Zoning code
M
APN
08-A-014-0-00-047-0
UPID
US66-1248955
Jurisdiction
LAKE
Zoning & alternative use
M · Concord Township, OHZoning M · permitted uses
M · Concord Township, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
To provide a Manufacturing (M) District that accommodates the development of light manufacturing enterprises which shall operate in a clean and quiet manner
Zone name
Manufacturing
General category
INDUSTRIAL
Zone area
14.34 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$555,000
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$900,000
COMMERCIAL (GENERAL)
Est. value
$775,000
WAREHOUSE, STORAGE
Est. value
$725,000
RETAIL STORES
Est. value
$495,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1972
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
4.63 ac
Current owner
From public records · entity-resolved
HANNON ELECTRIC CO
Individual
Free & Clear · 0 yrs held
Mailing address
11321 CONCORD HAMBDEN RD, CONCORD TOWNSHIP, OH 44077-9704
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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