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Property profile & analytics
OFF-MARKET
Estimated value
$4,015,000
Community centers
1290 Shoop Ave Wauseon, OH 43567-1283
Entity Owned
20-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-4581468
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1971
Total area
63,316 SF
Lot
3.02 ac (131,551 SF)
APN
06-015428-00.000
UPID
US66-4581468
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
-
Azteca Mexican Restaurant Restaurant
-
RSM Services HVAC Service General Contractor
-
Baldy's Furniture & Mattress Furniture & Home Goods Home Decor Store
-
O high O smoke Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.02M
Owner & transaction history
WAUSEON PLAZA
WAUSEON PLAZA
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 Wauseon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wauseon 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,495,000
Change: 0% · Conversion: Moderate
RESTAURANT
$5,550,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$5,010,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,320,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,150,000
Change: 0% · Conversion: Easy
RETAIL STORES
$4,030,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$4.02M
Range $3.61M – $4.42M · ±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
$63 / 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
$5,829
Tax year 2023
Assessed value
$90,410
Assessed 2023
Previous assessed
$90,410
+0.0% YoY
Effective rate
6.45%
On assessed value
Assessed land
$41,830
Assessed improvement
$48,580
Land market value
$119,500
Improvement market value
$138,800
Total market value
$258,300
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1971
Heating
SPACE
Stories
1
Total area
63,316 SF
Lot
3.02 ac (131,551 SF)
APN
06-015428-00.000
UPID
US66-4581468
Jurisdiction
FULTON
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
OFFICE BUILDING
Est. value
$6.5M
RESTAURANT
Est. value
$5.6M
MEDICAL BUILDING
Est. value
$5.0M
AUTO REPAIR, GARAGE
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$4.2M
RETAIL STORES
Est. value
$4.0M
OFFICE BUILDING
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1971
Heating
SPACE
Stories
1
Lot
3.02 ac
Current owner
From public records · entity-resolved
WAUSEON PLAZA
Individual
Free & Clear · 0 yrs held
Mailing address
23933 VREELAND RD, FLAT ROCK, MI 48134-9409
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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