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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Commercial kitchens
11587 Uppr Gilchrist Rd Mount Vernon, OH 43050-9084
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-2911583
Property profile
Verified
Property type
Commercial kitchens
Use group
TAKE-OUT RESTAURANT
Year built
2002
Total area
6,954 SF
Lot
2.35 ac (102,192 SF)
APN
66-09675.002
UPID
US66-2911583
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
$670k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$536k
Blend (final)
Blend
$690k
Owner & transaction history
Mazzas Mtv Re LLC · 4 yrs held
Mazzas Mtv Re LLC
since 2021
Last sale
$779,049
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$745,000
+19.4%
Commercial (general)
$655,000
+4.7%
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 Mount Vernon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Vernon 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
$685,000
ML approach
$670,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$625,000
Current use
OFFICE BUILDING
$745,000
Change: +19% · Conversion: Moderate
COMMERCIAL (GENERAL)
$655,000
Change: +5% · Conversion: Easy
MEDICAL BUILDING
$565,000
Change: -10% · Conversion: Difficult
RETAIL STORES
$555,000
Change: -11% · Conversion: Easy
AUTO REPAIR, GARAGE
$515,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$690k
Range $621k – $759k · ±10% · vs last sale $779k (Dec 10 2021)
Last sale anchor
$779k
Dec 10 2021
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
$99 / 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
$14,863
Tax year 2023
Assessed value
$301,950
Assessed 2023
Previous assessed
$274,500
+10.0% YoY
Effective rate
4.92%
On assessed value
Assessed land
$72,260
Assessed improvement
$229,690
Land market value
$206,450
Improvement market value
$656,250
Total market value
$862,700
Applied tax rate
66.0000
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 kitchens
Use group
TAKE-OUT RESTAURANT
Status
Off-Market
Year built
2002
Heating
NONE
Total area
6,954 SF
Lot
2.35 ac (102,192 SF)
APN
66-09675.002
UPID
US66-2911583
Jurisdiction
KNOX
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
RESTAURANT Current
Est. value
$625,000
OFFICE BUILDING
Est. value
$745,000
COMMERCIAL (GENERAL)
Est. value
$655,000
MEDICAL BUILDING
Est. value
$565,000
RETAIL STORES
Est. value
$555,000
AUTO REPAIR, GARAGE
Est. value
$515,000
RESTAURANT Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
2002
Heating
NONE
Lot
2.35 ac
Current owner
From public records · entity-resolved
Mazzas Mtv Re LLC
Entity
Mailing address
PO BOX 521, MOUNT VERNON, OH 43050-0521
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2025
—
Mazaa S Mtv Re LLC
—
Deed
related
$172,000 · Heartland Bank
Feb 14, 2025
—
Mazaa S Mtv Re LLC
—
Deed
related
$100,000 · Heartland Bank
Dec 21, 2021
—
Mazzas Mtv Re LLC
—
Deed
related
$75,149 · Heartland Bank
Dec 10, 2021
$779,000
Mazzas Mtv Re LLC
Blessed Project LLC
Warranty Deed
$428,000 · Heartland Bank
Apr 2, 2012
$660,000
Blessed Project LLC
Stine,ronald A & Betty J
Warranty Deed
$450,000 · Huntington National Bank
Jan 14, 2008
$660,000
Blessed Project LLC
Stine,ronald A
Grant Deed
—
—
—
Blessed Project LLC
—
Deed Of Trust
related
$311,000 · Community Capital Dev Corp
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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