New search
Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Office buildings
1301 Riv Vly Blvd Lancaster, OH 43130-1600
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US66-1597534
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1990
Total area
5,800 SF
Lot
1.11 ac (48,352 SF)
APN
053-10103.31
UPID
US66-1597534
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
-
Hanger Clinic: Prosthetics & Orthotics Medical Clinic Orthotics & Prosthetics Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$613k
Blend (final)
Blend
$700k
Owner & transaction history
1301 Rvb LLC · 6 yrs held
1301 Rvb LLC
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$645,000
+56.3%
Retail stores
$585,000
+40.9%
Commercial (general)
$500,000
+21.1%
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 Lancaster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lancaster 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
AUTO REPAIR, GARAGE
$645,000
Change: +56% · Conversion: Difficult
RETAIL STORES
$585,000
Change: +41% · Conversion: Moderate
COMMERCIAL (GENERAL)
$500,000
Change: +21% · Conversion: Easy
Blend value · Realmo final
$700k
Range $630k – $770k · ±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
$121 / 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
$22,791
Tax year 2023
Assessed value
$251,560
Assessed 2023
Previous assessed
$251,560
+0.0% YoY
Effective rate
9.06%
On assessed value
Assessed land
$147,980
Assessed improvement
$103,580
Land market value
$422,800
Improvement market value
$295,930
Total market value
$718,730
Applied tax rate
53.0000
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 buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1990
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
5,800 SF
Lot
1.11 ac (48,352 SF)
APN
053-10103.31
UPID
US66-1597534
Jurisdiction
FAIRFIELD
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
AUTO REPAIR, GARAGE
Est. value
$645,000
RETAIL STORES
Est. value
$585,000
COMMERCIAL (GENERAL)
Est. value
$500,000
AUTO REPAIR, GARAGE
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
1990
Heating
YES
Cooling
Yes
Stories
1
Lot
1.11 ac
Current owner
From public records · entity-resolved
1301 Rvb LLC
Entity
Mailing address
PO BOX 1196, CIRCLEVILLE, OH 43113-5196
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2021
—
1301 Rvb LLC
—
Deed
related
$720,000 · First Bank Of Central Ohio
Mar 12, 2020
—
1301 Rvb LLC
Marc Palmer
Warranty Deed
$282,400 · Kingston National Bank
Jan 27, 2020
$715,000
Marc Palmer
Pickerington Medical LLC
Warranty Deed
—
Jun 1, 2015
—
Pickerington Medical LLC
—
Trustees Deed
related
$50,000 · Fairfield Nat'l
Jul 24, 2009
—
Pickerington Medical LLC
Luse James W & Jean A Trust
Grant Deed
$709,000 · Fairfield National
Apr 1, 1997
$730,000
Robert B Ritchlin
Lancaster,proper
Grant Deed
$415,000 · Standing Stone Natl Bank
—
—
Pickerington Medical LLC
—
Deed Of Trust
related
$647,500 · First Fin'l Bk&tr
—
—
Luse James W Living Trust
—
Deed Of Trust
related
$720,000 · Insight 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1301 Riv Vly Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
