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Property profile & analytics
OFF-MARKET
Apartment buildings
1189 Farnsworth Rd, Waterville, OH 43566-1085
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-6160068
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1987
Total area
3,975 SF
Lot
0.4 ac (17,293 SF)
Zoning code
39-M1
APN
96-03001
UPID
US66-6160068
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Shinaberry Properties LLC · 2 yrs held
Shinaberry Properties LLC
since 2024
7 recorded transactions
Zoning & alternative use
39-M1 · Waterville, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Waterville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waterville 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,050
Tax year 2023
Assessed value
$96,425
Assessed 2023
Previous assessed
$96,425
+0.0% YoY
Effective rate
7.31%
On assessed value
Assessed land
$4,445
Assessed improvement
$91,980
Land market value
$12,700
Improvement market value
$262,800
Total market value
$275,500
Applied tax rate
96.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1987
Heating
NONE
Stories
1
Units
4
Total area
3,975 SF
Lot
0.4 ac (17,293 SF)
Zoning code
39-M1
APN
96-03001
UPID
US66-6160068
Jurisdiction
LUCAS
Zoning & alternative use
39-M1 · Waterville, OH
Zoning 39-M1 · permitted uses
39-M1 · Waterville, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Waterville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Heating
NONE
Stories
1
Units
4
Lot
0.4 ac
Current owner
From public records · entity-resolved
Shinaberry Properties LLC
Entity
Mailing address
1 SEAGATE RD E FL, TOLEDO, OH 43604-1509
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2026
—
Shinaberry Properties LLC
—
Deed
related
$145,000 · Donna Stechschulte
Jun 5, 2024
$400,000
Shinaberry Properties LLC
1189 Farnsworth LLC
Warranty Deed
$150,000 · Signature Bank NA
Apr 9, 2021
—
1189 Farnsworth LLC
Rpkjr Holdings LLC
Warranty Deed
—
Aug 13, 2019
—
Rpkjr Holdings LLC
—
Deed
related
$268,000 · The Henry County Bank
Sep 14, 2017
—
Rpkjr Holdings LLC
—
Deed
related
$242,250 · Signature Bank NA
Oct 13, 2015
$284,400
Rpkjr Holdings LLC
Mcneely,gail L
Warranty Deed
$200,000 · Donald H Plas
Aug 5, 2015
—
Gail L Mcneely
Mcneely,michael
Affidavit Of Death
related
—
Mar 8, 2004
—
Michael Mcneely
Mcneely,michael & Gail L
Quit Claim Deed
related
—
Jan 5, 2004
$280,000
Michael Mcneely
Kkmpc LP
Grant Deed
$224,000 · Midwest Mortgage Investments
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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