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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Medical Office Space
1550 London Ave Marysville, OH 43040-8988
Entity Owned
4-yr Hold
Free & Clear
Property ID
US66-3832058
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
2018
Total area
14,700 SF
Lot
7.26 ac (316,376 SF)
APN
29-0019033.0000
UPID
US66-3832058
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
-
Jennifer A Morrison, MD, FACS Ophthalmologist
-
Ellen Smith, OD Physician
-
Agnon Morrison Eye Care Center Physician
-
Charlotte M. Agnone, MD, MS, FACS Ophthalmologist
-
Agnone Morrison & Associates Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$655k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$720k
Blend (final)
Blend
$685k
Owner & transaction history
Sehgal Family LLC · 4 yrs held
Sehgal Family LLC
since 2022
Last sale
$685,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+8.4%
Retail stores
$1.1M
+5.6%
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 Marysville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marysville 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
$610,000
ML approach
$655,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,005,000
Current use
AUTO REPAIR, GARAGE
$1,090,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$1,060,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$685k
Range $617k – $754k · ±10% · vs last sale $685k (Feb 11 2022)
Last sale anchor
$685k
Feb 11 2022
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
$47 / 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
$27,797
Tax year 2023
Assessed value
$373,690
Assessed 2023
Previous assessed
$492,400
-24.1% YoY
Effective rate
7.44%
On assessed value
Assessed land
$16,120
Assessed improvement
$357,570
Land market value
$46,070
Improvement market value
$1,021,630
Total market value
$1,067,700
Applied tax rate
29.0000
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 CLINIC
Status
Off-Market
Year built
2018
Heating
NONE
Stories
1
Total area
14,700 SF
Lot
7.26 ac (316,376 SF)
APN
29-0019033.0000
UPID
US66-3832058
Jurisdiction
UNION
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
$1.0M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
NONE
Stories
1
Lot
7.26 ac
Current owner
From public records · entity-resolved
Sehgal Family LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1550 LONDON AVE, MARYSVILLE, OH 43040-8988
Ownership since
2022
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
Feb 11, 2022
$685,000
Sehgal Family LLC
Santa Lucia LLC
Limited Warranty Deed
—
Aug 19, 2020
—
Santa Lucia LLC
—
Deed
related
$3,413,886 · First Bk Richmond NA
Sep 21, 2018
—
Santa Lucia LLC
—
Deed
related
$279,079 · First Bk/richmond
Jun 8, 2017
—
Santa Lucia LLC
—
Deed
related
$3,375,000 · First Bk/richmond
Oct 26, 2016
$369,000
Santa Lucia LLC
Marysville Dev Associates
Warranty Deed
$480,584 · Huntington Nat'l Bk
Dec 6, 2011
$283,344
Marysville Dev Associates
Sheriff Of Union County
Trustees Deed
related
—
Apr 13, 2005
$168,250
Keith D Jones
Maronda Homes INC Of Oh
Grant Deed
$166,916 · Colony Mtg
Aug 4, 2004
$462,848
Pataskala Sixteen LLC
Marysville Dev Assoc
Grant Deed
$295,260 · Private Individual
—
—
Santa Lucia LLC
—
Deed Of Trust
related
$3,375,000 · First Bk/richmond
—
—
Santa Lucia LLC
—
Deed Of Trust
related
$279,079 · First Bk/richmond
—
—
Santa Lucia LLC
—
Deed Of Trust
related
$3,413,886 · First Bk Richmond NA
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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