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Property profile & analytics
OFF-MARKET
Strip malls
1579 Marion Waldo 1581st 1583rd Rd Marion, OH 43302
Entity Owned
14-yr Hold
Free & Clear
Property ID
US66-3009852
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1978
Construction
CONCRETE BLOCKS
Lot
4.03 ac (175,503 SF)
APN
18-010001.1300
UPID
US66-3009852
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Rbc Oh Marion-town Center LP · 14 yrs held
Rbc Oh Marion-town Center LP
since 2012
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Marion submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marion 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,642
Tax year 2023
Assessed value
$139,520
Assessed 2023
Previous assessed
$139,520
+0.0% YoY
Effective rate
6.19%
On assessed value
Assessed land
$34,810
Assessed improvement
$104,710
Land market value
$99,460
Improvement market value
$299,170
Total market value
$398,630
Applied tax rate
18.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1978
Construction
CONCRETE BLOCKS
Heating
OIL
Lot
4.03 ac (175,503 SF)
APN
18-010001.1300
UPID
US66-3009852
Jurisdiction
MARION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1978
Construction
CONCRETE BLOCKS
Heating
OIL
Lot
4.03 ac
Current owner
From public records · entity-resolved
Rbc Oh Marion-town Center LP
Entity
Free & Clear · 14 yrs held
Mailing address
1579 81ST 83RD MARION WALDO RD, MARION, OH 43302
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
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
Feb 6, 2012
$1,016,783
Rbc Oh Marion-town Center LP
Sheriff Of Marion County
Trustees Deed
related
—
Dec 10, 2007
$5,700
Northpark Southland 29 L Cabot
Cabot Northpark Southland 31 L
Grant Deed
—
Dec 10, 2007
$720,700
Northpark Southland 30 L Cabot
Cabot Northpark Southland 31
Grant Deed
related
—
Oct 26, 2007
$918,100
Northpark Southland 27 L Cabot
Cabot Northpark Southland 12 L
Grant Deed
—
Oct 26, 2007
$2,010,600
Northpark Southland 29 L Cabot
Cabot Northpark Southland 33 L
Grant Deed
related
—
Oct 5, 2007
$1,976,700
Northpark Southland 19 L Cabot
Cabot Northpark Southland 16 L
Grant Deed
—
Sep 25, 2007
$3,389,400
Northpark Southland 33 L Cabot
Cabot Northpark Southland 14 L
Grant Deed
related
—
Sep 4, 2007
$36,224,500
Cabot Northpark Southland 1 LLC
Southland Mall INC
Limited 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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