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Property profile & analytics
FOR SALE
Warehouses
1275 W Main St Bellevue, OH 44811
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-2866976
For Sale
1 / 6
Contact for pricing
1275 W Main St, Bellevue, OH 44811
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Property summary
AI-generated overview
This exceptional 16,800-square-foot flex industrial property in Bellevue, Ohio, presents a compelling investment opportunity. Situated on a 3.067-acre lot, this vacant building offers a versatile layout ideal for various uses. The space includes 800 square feet of office space and a 16,000-square-foot warehouse area, boasting impressive ceiling heights ranging from 14 to 18 feet. Two drive-in doors (24' x 14' and 14' x 16') provide convenient access for loading and unloading. The property benefits from robust power (100 AMP, 240V, 3-phase, 2RR) and is strategically located on busy State Route 20, experiencing a high daily vehicle count of 12,382. Zoned B-2 General Commercial, this property offers significant potential for growth and development. The asking price is $638,400, with a land value of $5-$6 per square foot. This gross lease property is ready for immediate occupancy. The property's prime location and versatile design make it an attractive option for businesses seeking a functional and well-situated industrial space in Northwest Ohio. The address is 1275 W Main St, Bellevue, OH 44811.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1974
Total area
16,800 SF
Lot
3.61 ac (157,121 SF)
APN
03-60-00-0093-01
UPID
US66-2866976
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
$615k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$425k
Blend (final)
Blend
$525k
Owner & transaction history
Aeglos Enterprises LLC · 3 yrs held
Aeglos Enterprises LLC
since 2023
Last sale
$550,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$850,000
+51.7%
Retail stores
$840,000
+49.9%
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 Bellevue submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bellevue 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
$470,000
ML approach
$615,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$560,000
Current use
INDUSTRIAL (GENERAL)
$850,000
Change: +52% · Conversion: Easy
RETAIL STORES
$840,000
Change: +50% · Conversion: Moderate
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $550k (Apr 20 2023)
Last sale anchor
$550k
Apr 20 2023
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
$31 / 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
$6,144
Tax year 2023
Assessed value
$100,460
Assessed 2023
Previous assessed
$100,460
+0.0% YoY
Effective rate
6.12%
On assessed value
Assessed land
$33,150
Assessed improvement
$67,310
Land market value
$94,700
Improvement market value
$192,300
Total market value
$287,000
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1974
Heating
YES
Cooling
YES
Stories
1
Total area
16,800 SF
Lot
3.61 ac (157,121 SF)
APN
03-60-00-0093-01
UPID
US66-2866976
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
WAREHOUSE, STORAGE Current
Est. value
$560,000
INDUSTRIAL (GENERAL)
Est. value
$850,000
RETAIL STORES
Est. value
$840,000
WAREHOUSE, STORAGE Current
INDUSTRIAL (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
1974
Heating
YES
Cooling
Yes
Stories
1
Lot
3.61 ac
Current owner
From public records · entity-resolved
Aeglos Enterprises LLC
Entity
Mailing address
1275 W MAIN ST, BELLEVUE, OH 44811-9015
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2024
—
Aeglos Enterprises LLC
—
Deed
related
$229,000 · Growth Capital Corp
Apr 20, 2023
$550,000
Aeglos Enterprises LLC
Lif Holdings LLC
Warranty Deed
$275,000 · First National Bank Of Bellevue
Jun 8, 2020
—
Ljf Holdings Lcl
—
Deed
related
$336,000 · First National Bank Of Bellevue
Feb 11, 2020
$3,100
Ljf Holdings LLC
Gordon Lumber Holdings Company
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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