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Property profile & analytics
OFF-MARKET
Estimated value
$51,710,000
Distribution centers
11999 National SW Rd Etna, OH 43062-7793
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US66-2595660
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2016
Total area
855,000 SF
Lot
96 ac (4,181,760 SF)
APN
010-017688-00.000
UPID
US66-2595660
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
-
Integrity Staffing Solutions Employment Agency
-
Amazon CMH1 Storage Facility
-
Amazon Fulfillment Center Tours - CMH1 Tour Operator (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$45.82M
Blend (final)
Blend
$51.71M
Owner & transaction history
Griffin Essential Asset Reit I · 9 yrs held
Griffin Essential Asset Reit I
since 2016
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$81.1M
+102.4%
Auto repair, garage
$67.8M
+69.2%
Retail stores
$63.3M
+58.0%
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 Etna submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Etna 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$40,050,000
Current use
OFFICE BUILDING
$81,055,000
Change: +102% · Conversion: Difficult
AUTO REPAIR, GARAGE
$67,760,000
Change: +69% · Conversion: Easy
RETAIL STORES
$63,270,000
Change: +58% · Conversion: Moderate
Blend value · Realmo final
$51.71M
Range $46.54M – $56.88M · ±10%
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
$60 / 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
$165,652
Tax year 2023
Assessed value
$25,950,160
Assessed 2023
Previous assessed
$25,950,160
+0.0% YoY
Effective rate
0.64%
On assessed value
Assessed land
$3,728,830
Assessed improvement
$22,221,330
Land market value
$10,653,800
Improvement market value
$63,489,500
Total market value
$74,143,300
Applied tax rate
10.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2016
Heating
CENTRAL
Stories
1
Rooms
6
Bathrooms
1
Total area
855,000 SF
Lot
96 ac (4,181,760 SF)
APN
010-017688-00.000
UPID
US66-2595660
Jurisdiction
LICKING
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
WAREHOUSE, STORAGE Current
Est. value
$40.1M
OFFICE BUILDING
Est. value
$81.1M
AUTO REPAIR, GARAGE
Est. value
$67.8M
RETAIL STORES
Est. value
$63.3M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
2016
Heating
CENTRAL
Stories
1
Rooms
6
Bathrooms
1
Lot
96 ac
Current owner
From public records · entity-resolved
Griffin Essential Asset Reit I
Individual
Mailing address
30 N LA SALLE ST STE #2428, CHICAGO, IL 60602-2590
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
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
May 2, 2018
—
Griffin Etna Essential Asset
—
Grant Deed
related
$250,000,000 · Keybank USA
Dec 6, 2016
$88,896,100
Griffin Essential Asset Reit I
Prologis Logistics Services In
Grant Deed
related
—
Jun 26, 2015
—
Prologis Logistics Svcs INC
Prologis
Quit Claim Deed
—
Nov 15, 2007
$2,165,000
Prologis
Pg & W Ptshp
Grant Deed
—
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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