Financial
Distress signals
Property profile

1521 Walmart Dr Lebanon, OH 45036

FOR LEASE
Other office properties
Property ID
US66-1747351
18,175 SF 3.74 ac lot Built 2007
Last sale Jun 2024 · $2,600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Lebanon Shopping Center is a 17,674-square-foot retail property located at 1521 Walmart Drive in Lebanon, Ohio. The center is situated along a retail corridor anchored by a Walmart Supercenter and includes space configured to support medical and service-oriented uses. The property has direct access to Highway 42; traffic in the vicinity is reported to exceed 18,000 vehicles per day. Interstate 71 borders Lebanon to the south, and Interstate 75 is approximately seven miles west, with the location positioned between the Cincinnati and Dayton metropolitan areas.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$35k
Tax billed · 2023
Assessed value$636k
Assessed land$177k
Assessed improvement$459k
Effective rate5.49%

Value estimate

· Sep 2026
$2.60M
$2.34M – $2.86M
AI approach$2.60M
CAP approach$3.54M
Submarket $/SF estimate$2.99M
NOI build-up
Gross scheduled income$270k
Vacancy & credit loss−$19k
Operating expenses−$75k
NOI · 1,098,562.50% cap applied$176k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$160/SF
ZIP average, outlier-cleaned · 50 recorded sales of this use type
Observed band · Q1–Q3$106 – $205
Qualifying comparables3

Cap rate analysis

How does the asset earn?
1,098,562.50%
$176k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionWARREN

Location intelligence

Which uses thrive at this corner?
Best fit: Tailor Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Tailor Shop8.6
Garden Center8.1
Carpet & Flooring Store8.1

Location

1521 Walmart Dr Lebanon, OH 45036
County assessor Recorded deeds · 5 transfers 3 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 8 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1196 Oregonia, Lebanon, OH 45036-9740 $500,000 Mar 2025 5,473 SF
1470 Broadway, Lebanon, OH 45036-1744 $412,500 Aug 2024 2,384 SF
11 Broadway, Lebanon, OH 45036-1769 $500,000 Nov 2023 3,116 SF
4345 Waters Edge, Lebanon, OH 45036-6507 $350,622 Sep 2023 1,909 SF
4325 Waters Edge, Lebanon, OH 45036-6507 $369,900 May 2023 1,909 SF
17 Mechanic, Lebanon, OH 45036-1801 $350,000 Jun 2022 2,951 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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