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Property profile & analytics
OFF-MARKET
Estimated value
$5,065,000
Manufacturing properties
1153 State Rte 46th N, Jefferson, OH 44047-8748
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US66-1853577
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1950
Total area
116,724 SF
Lot
92.13 ac (4,012,965 SF)
APN
25-015-00-023-00
UPID
US66-1853577
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
by Request
CAP Approach
CAP
$6.21M
Comparable Approach
Comparable
$5.40M
Blend (final)
Blend
$5.07M
Owner & transaction history
King Luminaire Co INC · 10 yrs held
King Luminaire Co INC
since 2016
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.0M
+154.2%
Office building
$7.2M
+129.0%
Commercial (general)
$6.6M
+109.1%
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 Jefferson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jefferson 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%
$6,725,000
6.5%
$6,210,000
7%
$5,765,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,145,000
Current use
RESTAURANT
$7,990,000
Change: +154% · Conversion: Difficult
OFFICE BUILDING
$7,195,000
Change: +129% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,575,000
Change: +109% · Conversion: Difficult
RETAIL STORES
$6,380,000
Change: +103% · Conversion: Moderate
AUTO REPAIR, GARAGE
$6,080,000
Change: +94% · Conversion: Easy
WAREHOUSE, STORAGE
$5,115,000
Change: +63% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$5,050,000
Change: +61% · Conversion: Difficult
Blend value · Realmo final
$5.07M
Range $4.56M – $5.57M · ±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
$43 / 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
$133,450
Tax year 2023
Assessed value
$1,117,660
Assessed 2023
Previous assessed
$1,117,660
+0.0% YoY
Effective rate
11.94%
On assessed value
Assessed land
$106,860
Assessed improvement
$1,010,800
Land market value
$305,300
Improvement market value
$2,888,000
Total market value
$3,193,300
Applied tax rate
25.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1950
Heating
SPACE
Cooling
NONE
Stories
1
Total area
116,724 SF
Lot
92.13 ac (4,012,965 SF)
APN
25-015-00-023-00
UPID
US66-1853577
Jurisdiction
ASHTABULA
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
$3.1M
RESTAURANT
Est. value
$8.0M
OFFICE BUILDING
Est. value
$7.2M
COMMERCIAL (GENERAL)
Est. value
$6.6M
RETAIL STORES
Est. value
$6.4M
AUTO REPAIR, GARAGE
Est. value
$6.1M
WAREHOUSE, STORAGE
Est. value
$5.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.1M
INDUSTRIAL (GENERAL) Current
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
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
1950
Heating
SPACE
Cooling
Yes
Stories
1
Lot
92.13 ac
Current owner
From public records · entity-resolved
King Luminaire Co INC
Entity
Mailing address
PO BOX 266, JEFFERSON, OH 44047-0266
Ownership since
2016
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
Feb 25, 2016
—
King Luminaire Co INC
King Luminaire Co INC
Quit Claim Deed
related
—
Oct 5, 2004
—
King Luminaire Co INC
King Luminaire Co INC
Quit Claim Deed
related
—
—
—
King Luminaire Co INC
—
Deed Of Trust
related
$375,000 · Key Bank NA
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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