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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Garden apartment buildings
1429 Old State Rte 74, Batavia, OH 45103
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-6293984
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1980
Construction
STEEL FRAME
Total area
4,446 SF
Lot
4.29 ac (186,872 SF)
APN
01-20-07D-018
UPID
US66-6293984
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
$590k
CAP Approach
CAP
$645k
Comparable Approach
Comparable
$521k
Blend (final)
Blend
$585k
Owner & transaction history
1429 Old State Route 74 LLC · 2 yrs held
1429 Old State Route 74 LLC
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$660,000
+85.8%
Office building
$635,000
+78.6%
Neighborhood: shopping center
$630,000
+77.8%
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 Batavia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Batavia 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
$590,000
CAP Approach
CAP Return
Estimation
6%
$695,000
6.5%
$645,000
7%
$595,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$355,000
Current use
COMMERCIAL (GENERAL)
$660,000
Change: +86% · Conversion: Moderate
OFFICE BUILDING
$635,000
Change: +79% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$630,000
Change: +78% · Conversion: Difficult
RETAIL STORES
$625,000
Change: +76% · Conversion: Difficult
AUTO REPAIR, GARAGE
$595,000
Change: +67% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$132 / 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
$57,581
Tax year 2023
Assessed value
$691,250
Assessed 2023
Previous assessed
$691,250
+0.0% YoY
Effective rate
8.33%
On assessed value
Assessed land
$75,600
Assessed improvement
$615,650
Land market value
$216,000
Improvement market value
$1,759,000
Total market value
$1,975,000
Applied tax rate
1.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1980
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
NONE
Buildings
3
Stories
2
Units
54
Rooms
5
Bathrooms
3
Total area
4,446 SF
Lot
4.29 ac (186,872 SF)
APN
01-20-07D-018
UPID
US66-6293984
Jurisdiction
CLERMONT
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$355,000
COMMERCIAL (GENERAL)
Est. value
$660,000
OFFICE BUILDING
Est. value
$635,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$630,000
RETAIL STORES
Est. value
$625,000
AUTO REPAIR, GARAGE
Est. value
$595,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
AUTO REPAIR, GARAGE
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
1980
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
3
Units
54
Rooms
5
Bathrooms
3
Lot
4.29 ac
Current owner
From public records · entity-resolved
1429 Old State Route 74 LLC
Entity
Mailing address
44868 FREMONT BLVD UNIT #301, FREMONT, CA 94538-6645
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2024
—
1429 Old State Route 74 LLC
Invicta LLC
Warranty Deed
$5,036,250 · Community Trust Bank INC
Aug 31, 2023
—
Invicta LLC
—
Deed
related
$150,000 · Venkata Bhanu Prakash Gollapudi
Nov 28, 2022
—
Invicta LLC
—
Deed
related
$2,381,250 · Bank Of The West
Aug 24, 2022
$3,175,000
Invicta LLC
Clermont Housing Corporation INC
Warranty Deed
$2,381,000 · North Star Homes LP
Jan 17, 2018
$2,500,000
Clermont Housing Corp
Batavia Woods LLC
Deed
—
Dec 3, 2014
—
Batavia Woods LLC
—
Grant Deed
related
$1,550,000 · Union Svgs
Apr 21, 2006
$2,300,000
Batavia Woods LLC
Montpelier Meadows LLC
Warranty Deed
$1,840,000 · Wilmington Savings Bank
Jan 30, 2004
$2,125,000
Montpelier Meadows LLC
Last Minute LLC
Warranty Deed
—
Jan 30, 2004
—
Montpelier Meadows LLC
Batavia Meadows Apartments LLC
Warranty Deed
related
$1,806,000 · Wilmington Savings Bank
—
—
Montpelier Meadows LLC
—
Deed Of Trust
related
$45,000 · Wilmington Savings Bank
—
—
Montpelier Meadows LLC
—
Deed Of Trust
related
$15,000 · Wilmington Savings 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.
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