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Property profile & analytics
OFF-MARKET
Estimated value
$2,285,000
Strip malls
1166 Broad St Fairborn, OH 45324-5548
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-1963520
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1958
Total area
91,172 SF
Lot
18.11 ac (789,002 SF)
Zoning code
B-3
APN
A02-0001-0014.0-0001.00
UPID
US66-1963520
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
$2.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.29M
Owner & transaction history
Fai Rborn Plaza Retail LLC · 4 yrs held
Fai Rborn Plaza Retail LLC
since 2021
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
B-3 · Fairborn, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.6M
+177.7%
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 Fairborn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairborn 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
$1,910,000
ML approach
$2,040,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,580,000
Change: +178% · Conversion: Moderate
Blend value · Realmo final
$2.29M
Range $2.06M – $2.51M · ±10% · vs last sale $2.60M (Dec 13 2021)
Last sale anchor
$2.60M
Dec 13 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
$25 / 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
$48,674
Tax year 2023
Assessed value
$834,650
Assessed 2023
Previous assessed
$781,950
+6.7% YoY
Effective rate
5.83%
On assessed value
Assessed land
$141,460
Assessed improvement
$693,190
Land market value
$404,160
Improvement market value
$1,980,540
Total market value
$2,384,700
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
1958
Heating
NONE
Total area
91,172 SF
Lot
18.11 ac (789,002 SF)
Zoning code
B-3
APN
A02-0001-0014.0-0001.00
UPID
US66-1963520
Jurisdiction
GREENE
Zoning & alternative use
B-3 · Fairborn, OHZoning B-3 · permitted uses
B-3 · Fairborn, OH
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
$3.6M
OFFICE BUILDING
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
1958
Heating
NONE
Lot
18.11 ac
Current owner
From public records · entity-resolved
Fai Rborn Plaza Retail LLC
Entity
Mailing address
5607 VERSAILLES CT, COLLEYVILLE, TX 76034-5578
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 20, 2022
—
Fairborn Plaza Retail LLC
—
Deed
related
$2,376,000 · New Carlisle Federal Savings Bank
Dec 13, 2021
$2,600,000
Fai Rborn Plaza Retail LLC
Fairborn Plaza Realty LLC
Special Warranty Deed
$2,376,000 · New Carlisle Federal Savings Bank
Oct 6, 2017
—
Fairborn Plaza Realty LLC
—
Deed
related
$1,500,000 · New Carlisle Fsb
Feb 16, 2016
—
Fairborn Plaza Realty LLC
—
Trustees Deed
related
$750,000 · Israel Discount Bk/ny
Jan 21, 2016
$1,100,000
Fairborn Plaza Realty LLC
S & S Shopping Centers Ltd
Warranty Deed
—
Sep 10, 2013
—
S &e S Shopping Centers Ltd
Sun Valley Ltd
Quit Claim Deed
related
—
Aug 16, 2013
$1,200,000
S & S Shopping Centers Ltd
Allied Fairborn LLC
Warranty Deed
—
Mar 24, 1998
—
Allied/ssr Shopping Centers-i
Allied Company-saul Schottenst
Quit Claim Deed
related
$13,204,582 · Nomura Asset Capital Corp
—
—
Fairborn Plaza Realty LLC
—
Deed Of Trust
related
$1,500,000 · New Carlisle Fsb
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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