Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,595,000
Warehouses
1138 Phoenix Dr Urbana, OH 43078-8203
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-3017160
Property summary
AI-generated overview
This expansive 112,250 square foot industrial property, located at 1138 Phoenix Drive in Urbana, Ohio, presents a significant investment opportunity. Built in phases (1995, 2000, and 2007), the property sits on a 9.2-acre lot and boasts 14 loading docks (9x10 dimensions), two drive-in doors, and a substantial 22-foot ceiling height. The warehouse features ample parking and includes office space, a conference room, and break rooms. The building is equipped with a high-density sprinkler system and 3-phase 480V, 1200-amp power. Partial air conditioning is installed. Strategically located in southern Urbana, west of US 68, this location offers easy access to I-70, placing it within convenient reach of both Dayton and Columbus, Ohio. High demand for industrial space in this area makes this a compelling investment prospect. The property's modern construction and extensive features make it ideal for a variety of manufacturing and warehousing operations. The address is 1138 Phoenix Dr, Urbana, OH 43078.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1995
Total area
62,376 SF
Lot
2 ac (87,120 SF)
APN
K48-25-00-01-34-002-01
UPID
US66-3017160
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
$4.23M
CAP Approach
CAP
$4.79M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.60M
Owner & transaction history
S&s River Road LLC · 3 yrs held
S&s River Road LLC
since 2022
Last sale
$4.9M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.4M
+206.0%
Restaurant
$6.0M
+187.8%
Apartment house (5+ units)
$5.9M
+184.2%
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 Urbana submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Urbana 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
$4,245,000
ML approach
$4,230,000
CAP Approach
CAP Return
Estimation
6%
$5,185,000
6.5%
$4,790,000
7%
$4,445,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,385,000
Change: +206% · Conversion: Difficult
RESTAURANT
$6,005,000
Change: +188% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,930,000
Change: +184% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,835,000
Change: +180% · Conversion: Difficult
RETAIL STORES
$5,650,000
Change: +171% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,785,000
Change: +130% · Conversion: Easy
Blend value · Realmo final
$4.60M
Range $4.14M – $5.05M · ±10% · vs last sale $4.85M (Aug 19 2022)
Last sale anchor
$4.85M
Aug 19 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
$74 / 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
$62,085
Tax year 2023
Assessed value
$913,840
Assessed 2023
Previous assessed
$913,840
+0.0% YoY
Effective rate
6.79%
On assessed value
Assessed land
$21,000
Assessed improvement
$892,840
Land market value
$60,000
Improvement market value
$2,550,970
Total market value
$2,610,970
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1995
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
62,376 SF
Lot
2 ac (87,120 SF)
APN
K48-25-00-01-34-002-01
UPID
US66-3017160
Jurisdiction
CHAMPAIGN
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
OFFICE BUILDING
Est. value
$6.4M
RESTAURANT
Est. value
$6.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.9M
COMMERCIAL (GENERAL)
Est. value
$5.8M
RETAIL STORES
Est. value
$5.7M
AUTO REPAIR, GARAGE
Est. value
$4.8M
OFFICE BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
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
1995
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Lot
2 ac
Current owner
From public records · entity-resolved
S&s River Road LLC
Entity
Mailing address
13155 RAILROAD AVE, CITY OF INDUSTRY, CA 91746-1415
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2025
—
S&s River Road LLC
—
Deed
related
$2,117,500 · East West Bank
Aug 19, 2022
$4,850,000
S&s River Road LLC
South Edgewood Avenue Properties Ll
Limited Warranty Deed
$2,500,000 · East West Bank
Nov 13, 2018
—
South Edgewood Avenue Properties Ll
Phoenix Drive Properties LLC
Quit Claim Deed
related
—
Oct 31, 2016
—
Phoenix Drive Properties LLC
—
Deed
related
$1,660,000 · Pnc Bank NA
Jun 17, 2008
—
Phoenix Drive Properties LLC
Rickey D Cole
Warranty 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.
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 1138 Phoenix Dr?
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.
