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Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Parking lots & garages
150 Robert M Davis Pkwy Piqua, OH 45356-8338
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-2107976
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1999
Total area
7,726 SF
Lot
6.97 ac (303,700 SF)
APN
N44-100682
UPID
US66-2107976
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
-
Dick Lumpkin Auto Body, Inc. Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$861k
Blend (final)
Blend
$935k
Owner & transaction history
Mtl Real Estate LLC · 1 yrs held
Mtl Real Estate LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$730,000
+22.7%
Office building
$660,000
+10.7%
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 Piqua submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Piqua 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
PARKING LOT
$595,000
Current use
COMMERCIAL (GENERAL)
$730,000
Change: +23% · Conversion: Difficult
OFFICE BUILDING
$660,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±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
$14,972
Tax year 2023
Assessed value
$254,980
Assessed 2023
Previous assessed
$254,980
+0.0% YoY
Effective rate
5.87%
On assessed value
Assessed land
$46,480
Assessed improvement
$208,500
Land market value
$132,800
Improvement market value
$595,700
Total market value
$728,500
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1999
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
7,726 SF
Lot
6.97 ac (303,700 SF)
APN
N44-100682
UPID
US66-2107976
Jurisdiction
MIAMI
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
PARKING LOT Current
Est. value
$595,000
COMMERCIAL (GENERAL)
Est. value
$730,000
OFFICE BUILDING
Est. value
$660,000
PARKING LOT Current
COMMERCIAL (GENERAL)
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
1999
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
6.97 ac
Current owner
From public records · entity-resolved
Mtl Real Estate LLC
Entity
Mailing address
150 ROBERT M DAVIS PKWY, PIQUA, OH 45356-8338
Ownership since
2025
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
Mar 5, 2025
$500,000
Mtl Real Estate LLC
Key Equity Partners LLC
Warranty Deed
$690,000 · First Bank Richmond NA
Mar 5, 2025
—
Mtl Real Estate LLC
—
Deed
related
$690,000 · First Bank Richmond NA
Apr 26, 2024
—
Mtl Real Estate LLC
—
Deed
related
$215,000 · First Bank Richmond NA
Oct 12, 2023
$128,000
Key Equity Partners LLC
James C Koehler
Warranty Deed
$89,600 · The Farmers & Merchants State Bank
Feb 3, 2023
—
Mtl Real Estate LLC
—
Deed
related
$150,000 · First Bank Richmond NA
Jun 13, 2019
—
Mtl Real Estate LLC
Lumpkin,michael T & Lucinda
Warranty Deed
$280,000 · Mutual Fed'l
Jan 22, 2015
—
Jose M Lopez
Lumpkin,richard J
Affidavit Of Death
related
—
—
—
Lumpkin Richard J Living Trust
—
Deed Of Trust
related
$116,450 · Pnc 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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