Back to Search
Property profile & analytics
OFF-MARKET
Garden apartment buildings
1338 Cherry Hl Dr Miamisburg, OH 45342-0306
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US66-0324439
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1971
Construction
FRAME
Total area
3,600 SF
Lot
0.26 ac (11,326 SF)
APN
K46 01003 0002
UPID
US66-0324439
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Rent Ready Rehabs LLC · 6 yrs held
Rent Ready Rehabs LLC
since 2020
Last sale
$360,000
7 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 Miamisburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miamisburg 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
—
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
$4,003
Tax year 2023
Assessed value
$49,060
Assessed 2023
Previous assessed
$29,380
+67.0% YoY
Effective rate
8.16%
On assessed value
Assessed land
$13,500
Assessed improvement
$35,560
Land market value
$38,580
Improvement market value
$101,590
Total market value
$140,170
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1971
Construction
FRAME
Heating
YES
Cooling
NONE
Stories
2
Units
4
Rooms
16
Bathrooms
1
Total area
3,600 SF
Lot
0.26 ac (11,326 SF)
APN
K46 01003 0002
UPID
US66-0324439
Jurisdiction
MONTGOMERY
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
1971
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
2
Units
4
Rooms
16
Bathrooms
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Rent Ready Rehabs LLC
Entity
Mailing address
6855 OLD TROY PIKE, DAYTON, OH 45424-2751
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
Feb 6, 2020
$360,000
Rent Ready Rehabs LLC
Gerald D Shumaker
Warranty Deed
$485,000 · Citizens Nat'l Bk/bluffton
Jul 3, 2008
$100,000
Amtrust Bank
Sheriff Of Montgomery County
Trustees Deed
related
—
Oct 25, 2004
$162,500
Corey W Stinnett
Bcf Properties LLC
Grant Deed
$146,250 · Mortgage Resource Group
Jun 17, 2004
—
Bcf Properties LLC
Couch,byron D & Joy L
Warranty Deed
related
—
Mar 31, 2004
$145,000
Byron D Couch
Woods,frederick & Jennifer E
Grant Deed
$125,195 · Us Bank NA
Mar 27, 2001
$145,000
Frederick Woods
Mays,douglas M & Irene L
Grant Deed
$116,000 · Fifth Third Mortgage Co
Aug 11, 2000
$110,000
Douglas M Mays
Wirth,gerald
Grant Deed
—
—
—
Gerald D Shumaker JR.
—
Deed Of Trust
related
$111,000 · Huntington National 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 1338 Cherry Hl Dr?
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.
