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Property profile & analytics
FOR LEASE
Super regional malls
1260 Monroe St NW New Philadelphia, OH 44663
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-1868785
For Lease
1 / 25
$1,222/Mo
1260 Monroe St NW, New Philadelphia, OH 44663
View Listing →
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1973
Total area
89,184 SF
Lot
7.21 ac (314,242 SF)
APN
43-06965.000
UPID
US66-1868785
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
-
Democratic Headquarters Advocacy Group Volunteer Organization
-
Health Care Solutions Production Facility
-
Randstad Employment Agency
-
ATM Atm
-
coad4kids Daycare Center Foster Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.48M
Owner & transaction history
Hcs Of Merchants Isle LLC · 3 yrs held
Hcs Of Merchants Isle LLC
since 2022
Last sale
$5.8M
2 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 New Philadelphia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Philadelphia 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
$7,695,000
ML approach
$6,595,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$10,455,000
Change: 0% · Conversion: Easy
AUTO REPAIR, GARAGE
$10,245,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$9,295,000
Change: 0% · Conversion: Moderate
RESTAURANT
$9,020,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$8,380,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$7,630,000
Change: 0% · Conversion: Easy
INDUSTRIAL (GENERAL)
$6,815,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$6.48M
Range $5.83M – $7.12M · ±10% · vs last sale $5.80M (Aug 19 2022)
Last sale anchor
$5.80M
Aug 19 2022
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
$73 / 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
$99,756
Tax year 2023
Assessed value
$4,221,880
Assessed 2023
Previous assessed
$4,221,880
+0.0% YoY
Effective rate
2.36%
On assessed value
Assessed land
$258,490
Assessed improvement
$3,963,390
Land market value
$258,490
Improvement market value
$3,963,390
Total market value
$4,221,880
Applied tax rate
43.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
1973
Heating
NONE
Cooling
NONE
Stories
1
Total area
89,184 SF
Lot
7.21 ac (314,242 SF)
APN
43-06965.000
UPID
US66-1868785
Jurisdiction
TUSCARAWAS
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
COMMERCIAL (GENERAL)
Est. value
$10.5M
AUTO REPAIR, GARAGE
Est. value
$10.2M
OFFICE BUILDING
Est. value
$9.3M
RESTAURANT
Est. value
$9.0M
MEDICAL BUILDING
Est. value
$8.4M
RETAIL STORES
Est. value
$7.6M
INDUSTRIAL (GENERAL)
Est. value
$6.8M
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1973
Heating
NONE
Cooling
Yes
Stories
1
Lot
7.21 ac
Current owner
From public records · entity-resolved
Hcs Of Merchants Isle LLC
Entity
Mailing address
200 WILMA AVE, STEUBENVILLE, OH 43952-2350
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2022
$5,800,000
Hcs Of Merchants Isle LLC
Bruening Shepler Associates INC
Warranty Deed
$464,000 · Enterprise Bank
Dec 11, 2018
—
Bruening Shepler Associates INC
—
Deed
related
$2,550,000 · The Commercial & Savings Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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