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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    119-121 Sessions Defiance, OH 43512

    • Residential income homes
    • 2,520 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimations
    $270,000
    Show details
    Cap Rate Potential
    9.4%
    Residential income homes
    Location Intelligence
    Property ID
    US66-2964331
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 119-121 Sessions

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.20 lot acres
    Property size
    2,520 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    B013130001300
    APU
    B013130001300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $245,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $385,000
      6.5%
      $355,000
      7%
      $330,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $229,000
      Market price range: $106k - $271k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $180,000
      Current use
      COMMERCIAL (GENERAL)
      $275,000
      Change: +53% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $180,000
      Change: -0% Conversion: Difficult
      MEDICAL BUILDING
      $175,000
      Change: -3% Conversion: Moderate
      OFFICE BUILDING
      $170,000
      Change: -5% Conversion: Moderate
      RETAIL STORES
      $160,000
      Change: -13% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Defiance
    County
    Defiance
    State
    Ohio
    Longitude
    -84.36
    Latitude
    41.2955
    CBSA code
    19580
    CBSA name
    DEFIANCE, OH MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,923
    $4,450
    $35,680
    $40,130
    -
    $12,720
    $101,950
    $114,670

    Comparable in this City

    • Value Estimation
      $190,000
      3,546 SF

      310 Jackson Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,546 SF
      310 Jackson Ave, Defiance, OH 43512-2185
      View Details
    • Value Estimation
      $230,000
      1,600 SF

      654 Perry St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,600 SF
      654 Perry St, Defiance, OH 43512-2765
      View Details
    • Value Estimation
      $245,000
      939 SF

      150 Riv Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 939 SF
      150 Riv Dr, Defiance, OH 43512-1863
      View Details
    • Value Estimation
      $250,000
      6,776 SF

      502 Clinton St

      APARTMENT HOUSE (UNDER 5 UNITS) • 6,776 SF
      502 Clinton St, Defiance, OH 43512-2635
      View Details
    • Value Estimation
      $615,000
      1,276 SF

      414 Juliet St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,276 SF
      414 Juliet St, Defiance, OH 43512-2650
      View Details
    • Value Estimation
      $220,000
      1,650 SF

      180 Grand Ave, Unit D

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,650 SF
      180 Grand Ave, Defiance, OH 43512
      View Details

    Similar Nearby for Sale

    • $269,900

      Well-Maintained Condo in Defiance

      Move-in ready condo with open concept and mature trees.
      786 Miami Dr, Defiance, OH 43512
      View Details
    • Contact for pricing

      Updated Two-Bedroom Mobile Home

      Move-in ready, updated two-bedroom, one-bath mobile home for sale.
      6909 Lot, Defiance, OH 43512
      View Details
    • Contact for pricing

      Defiance, OH - Two Bedroom Home

      Two-bedroom, one-and-a-half-bath home with open floor plan.
      6909 Ohio 66, Defiance, OH 43512
      View Details
    • $565,000
      0.51 Acres

      Downtown Defiance Commercial Building

      High-potential commercial property, 25,000+ sq ft
      608 Clinton St, Defiance, OH 43512
      View Details
    • Contact for pricing

      Industrial Land in Northwest Ohio

      Industrial land for sale in Defiance, Ohio.
      East Commerce Dr, Defiance, OH 43512
      View Details
    • $120,000

      Industrial Land with Highway Exposure

      Highway-exposed, fully developed industrial land ready for construction.
      83 Fox Run Dr, Defiance, OH 43512
      View Details

    Similar Nearby for Lease

    • $1,100 /Mo

      Remodeled Retail Space for Rent

      Remodeled retail space with offices, reception, and unfinished basement.
      300 Hopkins St, Defiance, OH 43512
      View Details
    • Contact for pricing
      14,400 SF

      Downtown Defiance Executive Office Space

      Historic building, 13,200 sq ft available
      300 Clinton St, Defiance, OH 43512
      View Details
    • $20 SF/Yr
      12,850 SF

      Prime Defiance Retail Space

      12,850 SF Strip Center, 3,150 SF Available
      8959 Oh-66, Defiance, OH 43512
      View Details
    • Contact for pricing
      70,000 SF

      Industrial Facility in Defiance, Ohio

      70,000 SF industrial facility, expandable to 100,000 SF.
      25490 Commerce Dr, Defiance, OH 43512
      View Details
    • Contact for pricing
      2,448 SF

      Retail Space in Defiance, OH

      Retail space available for lease in Defiance, Ohio.
      618 N Clinton St, Defiance, OH 43512
      View Details
    • $350 /Mo

      Office/Retail Space with Utilities Included

      Office/retail space with handicap access, kitchenette, restrooms, and parking.
      912 E 2Nd St, Defiance, OH 43512
      View Details
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    119-121 Sessions
    Defiance, OH 43512
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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