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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Medical Office Space
1532 Wesley Way, Lancaster, OH 43130-7642
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US66-3548168
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2018
Total area
7,480 SF
Lot
2.26 ac (98,446 SF)
APN
053-42160.00
UPID
US66-3548168
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
-
OhioHealth Physician Group Obstetrics and Gynecology Physician
-
Laurel J. Santino, MD, FACOG Physician
-
Sarah Lynn Froman, MD Physician
-
Suzanne Marie Barnhart, MD Physician
-
Allison Sayre Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$908k
Blend (final)
Blend
$865k
Owner & transaction history
Wesleyville Holdings LLC · 8 yrs held
Wesleyville Holdings LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$730,000
+14.3%
Auto repair, garage
$680,000
+6.7%
Office building
$645,000
+1.1%
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 Lancaster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lancaster 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
MEDICAL BUILDING
$635,000
Current use
COMMERCIAL (GENERAL)
$730,000
Change: +14% · Conversion: Easy
AUTO REPAIR, GARAGE
$680,000
Change: +7% · Conversion: Difficult
OFFICE BUILDING
$645,000
Change: +1% · Conversion: Easy
RESTAURANT
$595,000
Change: -7% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$535,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$865k
Range $779k – $952k · ±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
$116 / 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
$28,929
Tax year 2023
Assessed value
$319,300
Assessed 2023
Previous assessed
$319,300
+0.0% YoY
Effective rate
9.06%
On assessed value
Assessed land
$46,410
Assessed improvement
$272,890
Land market value
$132,600
Improvement market value
$779,680
Total market value
$912,280
Applied tax rate
53.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2018
Heating
YES
Cooling
CENTRAL
Stories
1
Units
1
Total area
7,480 SF
Lot
2.26 ac (98,446 SF)
APN
053-42160.00
UPID
US66-3548168
Jurisdiction
FAIRFIELD
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
MEDICAL BUILDING Current
Est. value
$635,000
COMMERCIAL (GENERAL)
Est. value
$730,000
AUTO REPAIR, GARAGE
Est. value
$680,000
OFFICE BUILDING
Est. value
$645,000
RESTAURANT
Est. value
$595,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$535,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
2018
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
2.26 ac
Current owner
From public records · entity-resolved
Wesleyville Holdings LLC
Entity
Mailing address
1554 WESLEY WAY, LANCASTER, OH 43130-7642
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2025
—
Frobartino Properties LLC
—
Deed
related
$100,000 · Park National Bank
Aug 13, 2018
—
Wesleyville Holdings LLC
—
Deed
related
$750,000 · Park Nat'l Bk
Nov 22, 2017
$160,000
Wesleyville Holdings LLC
Frobartino Properties LLC
Warranty Deed
$750,000 · Fairfield Natl Div Of The Park Natl
Sep 14, 2017
—
Jeff J Spangler
Frobartino Properties LLC
Warranty Deed
—
May 4, 2017
—
Frobartino Properties LLC
—
Deed
related
$888,000 · Private Individual
Apr 29, 2016
$305,000
Frobartino Properties LLC
Fairfield Homes INC
Warranty Deed
$1,082,500 · Fairfield Natl Div Of The Park Natl
Mar 17, 2010
—
Fairfield Homes INC
Gorsuch Methodist Eldercare De
Warranty Deed
—
—
—
Frobartino Properties LLC
—
Deed Of Trust
related
$888,000 · Private Individual
—
—
Wesleyville Holdings LLC
—
Deed Of Trust
related
$750,000 · Park Nat'l Bk
—
—
Wesleyville Holdings LLC
—
Deed Of Trust
related
$616,000 · Private Individual
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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