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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Office Spaces
15 Main N St Navarre, OH 44662-1176
Entity Owned
15-yr Hold
Free & Clear
Property ID
US66-1418911
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1968
Construction
BRICK
Total area
9,324 SF
Lot
0.22 ac (9,601 SF)
APN
12-00419
UPID
US66-1418911
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
$480k
Comparable Approach
Comparable
$560k
Blend (final)
Blend
$510k
Owner & transaction history
Alfred Nickles Bakery INC · 15 yrs held
Alfred Nickles Bakery INC
since 2010
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$815,000
+57.0%
Neighborhood: shopping center
$800,000
+53.7%
Apartment house (5+ units)
$730,000
+40.6%
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 Navarre submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Navarre 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%
$520,000
6.5%
$480,000
7%
$445,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$520,000
Current use
RETAIL STORES
$815,000
Change: +57% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$800,000
Change: +54% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$730,000
Change: +41% · Conversion: Moderate
WAREHOUSE, STORAGE
$490,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$55 / 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
$6,481
Tax year 2023
Assessed value
$126,670
Assessed 2023
Previous assessed
$126,670
+0.0% YoY
Effective rate
5.12%
On assessed value
Assessed land
$18,450
Assessed improvement
$108,220
Land market value
$52,700
Improvement market value
$309,200
Total market value
$361,900
Applied tax rate
90.0000
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1968
Construction
BRICK
Heating
YES
Cooling
NONE
Stories
1
Units
1
Bathrooms
4
Total area
9,324 SF
Lot
0.22 ac (9,601 SF)
APN
12-00419
UPID
US66-1418911
Jurisdiction
STARK
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
COMMERCIAL (GENERAL) Current
Est. value
$520,000
RETAIL STORES
Est. value
$815,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$800,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$730,000
WAREHOUSE, STORAGE
Est. value
$490,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
4
Lot
0.22 ac
Current owner
From public records · entity-resolved
Alfred Nickles Bakery INC
Entity
Free & Clear · 15 yrs held
Mailing address
26 MAIN ST N, NAVARRE, OH 44662-1158
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2023
—
Alfred Nickles Bakery INC
—
Deed
related
$15,731,250 · Bmo Harris Bank NA
Mar 29, 2019
—
Alfred Nickles Bakery INC
—
Grant Deed
related
$25,000,000 · Midcap Busn Credit
Dec 21, 2010
$150,000
Alfred Nickles Bakery INC
Walter,pamela R
Warranty Deed
—
May 28, 2010
$137,300
Pamela R Walter
Tj Land Management One LLC
Warranty Deed
$109,800 · Pnc Bank
Apr 2, 2010
$152,500
Tj Land Management One LLC
Dutton Auction & Realty Co
Warranty Deed
—
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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