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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Strip malls
116 High St London, OH 43140-1307
Entity Owned
2-yr Hold
Free & Clear
Property ID
US66-1824569
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1963
Total area
6,864 SF
Lot
0.56 ac (24,611 SF)
APN
31-01438.000
UPID
US66-1824569
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
-
Nail Spa Nail Salon
-
London Dental Care Dental Office
-
Dr. Jennifer R. Sogan, DDS Dental Office
-
Mark Lima, DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$535k
CAP Approach
CAP
$450k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$535k
Owner & transaction history
Eab Holdings LLC · 2 yrs held
Eab Holdings LLC
since 2024
Last sale
$535,500
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$690,000
+118.0%
Commercial (general)
$650,000
+104.7%
Auto repair, garage
$585,000
+83.4%
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 London submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs London 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
$535,000
ML approach
$535,000
CAP Approach
CAP Return
Estimation
6%
$485,000
6.5%
$450,000
7%
$415,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$690,000
Change: +118% · Conversion: Moderate
COMMERCIAL (GENERAL)
$650,000
Change: +105% · Conversion: Easy
AUTO REPAIR, GARAGE
$585,000
Change: +83% · Conversion: Difficult
RESTAURANT
$555,000
Change: +75% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$515,000
Change: +62% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±10% · vs last sale $536k (Mar 29 2024)
Last sale anchor
$536k
Mar 29 2024
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
$78 / 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
$1,764
Tax year 2023
Assessed value
$40,790
Assessed 2023
Previous assessed
$38,840
+5.0% YoY
Effective rate
4.32%
On assessed value
Assessed land
$15,970
Assessed improvement
$24,820
Land market value
$45,640
Improvement market value
$70,900
Total market value
$116,540
Applied tax rate
31.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1963
Heating
NONE
Stories
1
Total area
6,864 SF
Lot
0.56 ac (24,611 SF)
APN
31-01438.000
UPID
US66-1824569
Jurisdiction
MADISON
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
$690,000
COMMERCIAL (GENERAL)
Est. value
$650,000
AUTO REPAIR, GARAGE
Est. value
$585,000
RESTAURANT
Est. value
$555,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$515,000
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
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
1963
Heating
NONE
Stories
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
Eab Holdings LLC
Entity
Free & Clear · 2 yrs held
Mailing address
116 W HIGH ST #120, LONDON, OH 43140-1307
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2024
$535,500
Eab Holdings LLC
Le Rental Properties LLC
Warranty Deed
—
Feb 6, 2019
—
Le Rental Properties LLC
Le,tam
Quit Claim Deed
related
—
Apr 6, 2012
$167,000
Tam Le
Iezzi Properties LLC
Warranty Deed
$100,000 · Huntington National Bank
Jan 20, 2012
—
Iezzi Properties LLC
Iezzi Mildred Trust
Quit Claim Deed
related
—
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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