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Property profile & analytics
OFF-MARKET
Estimated value
$5,760,000
Manufacturing properties
1275 County Rd 138 Fremont, OH 43420-8567
Individually Owned
14-yr Hold
Free & Clear
Property ID
US66-4107156
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2004
Total area
96,488 SF
Lot
65.53 ac (2,854,487 SF)
APN
34-60-00-0422-00
UPID
US66-4107156
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
by Request
CAP Approach
CAP
$6.10M
Comparable Approach
Comparable
$7.34M
Blend (final)
Blend
$5.76M
Owner & transaction history
Michigan Public Power Agency · 14 yrs held
Michigan Public Power Agency
since 2012
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.8M
+38.3%
Retail stores
$6.2M
+26.3%
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 Fremont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fremont 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%
$6,610,000
6.5%
$6,100,000
7%
$5,665,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,885,000
Current use
OFFICE BUILDING
$6,755,000
Change: +38% · Conversion: Difficult
RETAIL STORES
$6,165,000
Change: +26% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,685,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$5.76M
Range $5.18M – $6.34M · ±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
$231,217
Tax year 2023
Assessed value
$4,870,540
Assessed 2023
Previous assessed
$4,870,540
+0.0% YoY
Effective rate
4.75%
On assessed value
Assessed land
$127,510
Assessed improvement
$4,743,030
Land market value
$364,300
Improvement market value
$13,551,500
Total market value
$13,915,800
Applied tax rate
34.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2004
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
96,488 SF
Lot
65.53 ac (2,854,487 SF)
APN
34-60-00-0422-00
UPID
US66-4107156
Jurisdiction
SANDUSKY
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
$4.9M
OFFICE BUILDING
Est. value
$6.8M
RETAIL STORES
Est. value
$6.2M
COMMERCIAL (GENERAL)
Est. value
$4.7M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (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
2004
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
65.53 ac
Current owner
From public records · entity-resolved
Michigan Public Power Agency
Individual
Free & Clear · 14 yrs held
Mailing address
1111 SCHROCK RD STE #100, COLUMBUS, OH 43229-1155
Ownership since
2012
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
Jun 26, 2012
$755,000
Michigan Public Power Agency
American Municipal Power INC
Limited Warranty Deed
—
Jun 15, 2012
—
American Municipal Power INC
Central Holding Corporation
Quit Claim Deed
related
—
Jul 28, 2011
$14,629,900
American Municipal Power INC
Firstenergy Generation Corp
Limited Warranty Deed
—
Mar 6, 2008
$901,200
Firstenergy Generation Corp
Calpine Corp
Quit Claim Deed
related
—
Feb 15, 2005
$750
American Transmission Systems INC
Calpine Corp
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.
Try Rey
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