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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Turn key restaurants
1228 Scioto St, Urbana, OH 43078-2254
Entity Owned
~
Est. High Equity
Property ID
US66-4395819
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1994
Total area
5,625 SF
Lot
1.98 ac (86,075 SF)
APN
K48-25-11-02-27-001-03
UPID
US66-4395819
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
$675k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$584k
Blend (final)
Blend
$685k
Owner & transaction history
Cordova Real Property Series LLC
Cordova Real Property Series LLC
since 2026
Last sale
$750,000
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$760,000
+40.6%
Office building
$575,000
+6.3%
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 Urbana submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Urbana 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
$680,000
ML approach
$675,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$540,000
Current use
MEDICAL BUILDING
$760,000
Change: +41% · Conversion: Difficult
OFFICE BUILDING
$575,000
Change: +6% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$535,000
Change: -1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$525,000
Change: -3% · Conversion: Easy
RETAIL STORES
$510,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$685k
Range $617k – $754k · ±10% · vs last sale $750k (Sep 10 2021)
Last sale anchor
$750k
Sep 10 2021
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
$122 / 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
$15,717
Tax year 2023
Assessed value
$231,340
Assessed 2023
Previous assessed
$393,920
-41.3% YoY
Effective rate
6.79%
On assessed value
Assessed land
$124,770
Assessed improvement
$106,570
Land market value
$356,490
Improvement market value
$304,490
Total market value
$660,980
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1994
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
5,625 SF
Lot
1.98 ac (86,075 SF)
APN
K48-25-11-02-27-001-03
UPID
US66-4395819
Jurisdiction
CHAMPAIGN
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
RESTAURANT Current
Est. value
$540,000
MEDICAL BUILDING
Est. value
$760,000
OFFICE BUILDING
Est. value
$575,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$535,000
COMMERCIAL (GENERAL)
Est. value
$525,000
RETAIL STORES
Est. value
$510,000
RESTAURANT Current
MEDICAL BUILDING
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1994
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.98 ac
Current owner
From public records · entity-resolved
Cordova Real Property Series LLC
Entity
Mailing address
4136 MISTY SHRS, DEFIANCE, OH 43512-9624
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2026
$995,000
Cordova Real Property Series LLC
Sherri L Choi
Deed
$845,000 · Fifth Third Bank NA
Sep 10, 2021
$750,000
Sherri L Choi
Natonal Retail Properties LP
Limited Warranty Deed
—
Sep 2, 2015
$1,388,800
National Retail Properties LP
Frischs Restaurants INC
Limited Warranty 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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