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Property profile & analytics
OFF-MARKET
Estimated value
$9,300,000
Office Spaces
1275 2nd St Franklin, OH 45005
Entity Owned
7-yr Hold
Free & Clear
Property ID
US66-2399863
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2006
Construction
BRICK
Total area
217,679 SF
Lot
25.16 ac (1,096,100 SF)
APN
04-26-401-037-0
UPID
US66-2399863
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
-
Ria Money Transfer - Walmart Bank Credit Union
-
Walmart Home Theater Installation Electrical Service General Contractor
-
Walmart Home Services Social Service Agency
-
Walmart Bakery Bakery Specialty Food Shop
-
Walmart Parking lot Specialty Food Shop Supermarket
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.30M
Owner & transaction history
Agree Stores LLC · 7 yrs held
Agree Stores LLC
since 2018
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 Franklin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Franklin 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
$43 / 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
$155,592
Tax year 2023
Assessed value
$2,512,892
Assessed 2023
Previous assessed
$2,512,892
+0.0% YoY
Effective rate
6.19%
On assessed value
Assessed land
$704,578
Assessed improvement
$1,808,314
Land market value
$2,013,080
Improvement market value
$5,166,610
Total market value
$7,179,690
Applied tax rate
21.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2006
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
217,679 SF
Lot
25.16 ac (1,096,100 SF)
APN
04-26-401-037-0
UPID
US66-2399863
Jurisdiction
WARREN
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
2006
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
25.16 ac
Current owner
From public records · entity-resolved
Agree Stores LLC
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 8050, BENTONVILLE, AR 72712-8055
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
Nov 19, 2018
$7,518,000
Agree Stores LLC
Rlg Franklin Ltd
Grant Deed
—
Jan 5, 2006
—
Rlg Franklin Ltd
Rwg Franklin Ltd
Warranty Deed
—
Jun 2, 2005
—
Rlg Franklin Ltd
Building Exchange
Grant Deed
—
May 15, 2002
—
Lipps INC
Lipps,p S
Quit Claim Deed
related
—
Jun 20, 2000
—
P S Lipps
Moe INC
Grant Deed
$199,000 · Seller
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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