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Property profile & analytics
OFF-MARKET
Turn key restaurants
11985 Lancaster St, Millersport, OH 43046
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-2798040
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1962
Construction
STEEL FRAME
Total area
4,092 SF
Lot
0.22 ac (9,570 SF)
APN
051-03639.10
UPID
US66-2798040
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
-
Millersport Insurance Co. Insurance Agency
-
Edward B. Jones, DDS Physician
-
Millersport Coffee Cafe & Coffee Shop
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
Timothy P Koenig · 4 yrs held
Timothy P Koenig
since 2021
Last sale
$350,000
5 recorded transactions
Zoning & alternative use
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 Millersport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Millersport 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
$5,798
Tax year 2023
Assessed value
$83,070
Assessed 2023
Previous assessed
$69,340
+19.8% YoY
Effective rate
6.98%
On assessed value
Assessed land
$12,040
Assessed improvement
$71,030
Land market value
$34,400
Improvement market value
$202,930
Total market value
$237,330
Applied tax rate
51.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1962
Construction
STEEL FRAME
Heating
YES
Buildings
2
Stories
1
Total area
4,092 SF
Lot
0.22 ac (9,570 SF)
APN
051-03639.10
UPID
US66-2798040
Jurisdiction
FAIRFIELD
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1962
Construction
STEEL FRAME
Heating
YES
Stories
1
Buildings
2
Lot
0.22 ac
Current owner
From public records · entity-resolved
Timothy P Koenig
Individual
Mailing address
11985 LANCASTER ST, MILLERSPORT, OH 43046
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2025
—
Timothy P Koenig
—
Deed
related
$415,000 · North Valley Bank
Feb 24, 2022
—
Timothy Patrick Koenig
—
Deed
related
$275,000 · North Valley Bank
Jul 19, 2021
$350,000
Timothy P Koenig
Ned Coffman
Survivorship Deed
$280,000 · North Valley Bank
Oct 20, 2020
—
Ned Coffman
Montgomery Orthodontics
Grant Deed
—
Feb 6, 2018
$1,500
Dr Montgomery Orthodontics INC
Saundra L Jones
Warranty Deed
$120,000 · Us Bank NA
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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