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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Grocery and convenience stores
1343 Tallmadge Rd Kent, OH 44240-6662
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-1626911
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1968
Total area
3,072 SF
Lot
1.07 ac (46,783 SF)
APN
04-032-00-00-066
UPID
US66-1626911
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
$490k
CAP Approach
CAP
$615k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$540k
Owner & transaction history
Macs Convenience Stores LLC · 2 yrs held
Macs Convenience Stores LLC
since 2023
Last sale
$537,717
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$380,000
+204.1%
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 Kent submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kent 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
$510,000
ML approach
$490,000
CAP Approach
CAP Return
Estimation
6%
$670,000
6.5%
$615,000
7%
$575,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$380,000
Change: +204% · Conversion: Moderate
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $538k (Oct 17 2023)
Last sale anchor
$538k
Oct 17 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
$176 / 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
$11,619
Tax year 2023
Assessed value
$162,300
Assessed 2023
Previous assessed
$162,300
+0.0% YoY
Effective rate
7.16%
On assessed value
Assessed land
$49,140
Assessed improvement
$113,160
Land market value
$140,400
Improvement market value
$323,300
Total market value
$463,700
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1968
Heating
NONE
Cooling
YES
Stories
1
Total area
3,072 SF
Lot
1.07 ac (46,783 SF)
APN
04-032-00-00-066
UPID
US66-1626911
Jurisdiction
PORTAGE
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
$380,000
OFFICE BUILDING
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
1968
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.07 ac
Current owner
From public records · entity-resolved
Macs Convenience Stores LLC
Entity
Mailing address
4080 W JONATHAN MOORE PIKE, COLUMBUS, IN 47201-8667
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2023
$537,800
Macs Convenience Stores LLC
Horizon Properties II LLC
Limited Warranty Deed
—
Apr 6, 2017
—
Horizon Properties II LLC
—
Deed
related
$4,660,000 · First Fin'l Bk&tr
Jan 10, 2013
—
Horizon Properties II LLC
—
Deed Of Trust
related
$5,640,143 · National Western Life Ins
Mar 6, 2007
—
Horizon Properties II LLC
—
Trustees Deed
related
$5,800,000 · National Western Life Ins
Jun 21, 2005
—
Horizon Properties II LLC
Horizon Properties II LLC
Quit Claim Deed
related
—
Oct 10, 2003
$400,800
Horizon Properties II LLC
Macs Convenience Stores LLC
Grant Deed
$6,000,000 · Fifth Third Bank Indiana
Sep 4, 2002
$1,025,000
Macs Convenience Stores LLC
Quik Shops INC
Quit Claim Deed
related
—
—
—
Horizon Properties II LLC
—
Deed Of Trust
related
$4,660,000 · First Fin'l Bk&tr
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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