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Property profile & analytics
OFF-MARKET
Estimated value
$3,265,000
Flex space
1201 Spencerville Rd Delphos, OH 45833-2381
Entity Owned
~
Est. High Equity
Property ID
US66-3920143
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2000
Total area
54,000 SF
Lot
10 ac (435,600 SF)
APN
25-3100-02-002.001
UPID
US66-3920143
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
-
Krendl Machine Co. Metal Fabrication Plant Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.42M
Comparable Approach
Comparable
$3.26M
Blend (final)
Blend
$3.27M
Owner & transaction history
Krendl Machine Company
Krendl Machine Company
since 2026
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.9M
+69.8%
Commercial (general)
$3.9M
+66.3%
Office building
$3.8M
+62.5%
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 Delphos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Delphos 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%
$3,700,000
6.5%
$3,415,000
7%
$3,170,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,320,000
Current use
RESTAURANT
$3,935,000
Change: +70% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,855,000
Change: +66% · Conversion: Difficult
OFFICE BUILDING
$3,765,000
Change: +63% · Conversion: Difficult
MEDICAL BUILDING
$3,670,000
Change: +58% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,065,000
Change: +32% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,005,000
Change: +30% · Conversion: Easy
RETAIL STORES
$2,685,000
Change: +16% · Conversion: Moderate
Blend value · Realmo final
$3.27M
Range $2.94M – $3.59M · ±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
$36,319
Tax year 2023
Assessed value
$807,490
Assessed 2023
Previous assessed
$807,490
+0.0% YoY
Effective rate
4.50%
On assessed value
Assessed land
$54,640
Assessed improvement
$752,850
Land market value
$156,100
Improvement market value
$2,151,000
Total market value
$2,307,100
Applied tax rate
204.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2000
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
54,000 SF
Lot
10 ac (435,600 SF)
APN
25-3100-02-002.001
UPID
US66-3920143
Jurisdiction
ALLEN
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
INDUSTRIAL (GENERAL) Current
Est. value
$2.3M
RESTAURANT
Est. value
$3.9M
COMMERCIAL (GENERAL)
Est. value
$3.9M
OFFICE BUILDING
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$3.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$3.0M
RETAIL STORES
Est. value
$2.7M
INDUSTRIAL (GENERAL) Current
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2000
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
10 ac
Current owner
From public records · entity-resolved
Krendl Machine Company
Entity
Mailing address
1201 SPENCERVILLE RD, DELPHOS, OH 45833-2381
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
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
May 6, 2026
—
Krendl Machine Company
—
Deed
related
$2,000,000 · First Financial Bank.
Oct 30, 2020
—
Krendl Machine Co
—
Deed
related
$401,144 · Citizens Nat'l Bk/bluffton
Oct 7, 2019
—
Krendl Machine Co
—
Trustees Deed
related
$500,000 · Citizens Nat'l Bk/bluffton
—
—
Krendl Machine Co
—
Deed Of Trust
related
$700,000 · Citizens Nat'l Bk/bluffton
—
—
Krendl Machine Co
—
Loan Modification
related
$401,144 · Citizens Nat'l Bk/bluffton
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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