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Property profile & analytics
OFF-MARKET
Estimated value
$1,590,000
Turn key restaurants
1585 Riv Vly N Cir Lancaster, OH 43130-8400
Entity Owned
4-yr Hold
Free & Clear
Property ID
US66-2232519
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1996
Construction
STEEL FRAME
Total area
5,185 SF
Lot
1.9 ac (82,764 SF)
APN
053-10103.43
UPID
US66-2232519
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
-
IHOP Restaurant
-
NASCAR Refuel Tenders & Burgers Restaurant
-
TenderFix by Noah Schnapp Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.66M
Blend (final)
Blend
$1.59M
Owner & transaction history
1585 North River Valley Circle LLC · 4 yrs held
1585 North River Valley Circle LLC
since 2022
Last sale
$1.8M
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 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
$1,400,000
ML approach
$1,350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.59M
Range $1.43M – $1.75M · ±10% · vs last sale $1.78M (Jul 13 2022)
Last sale anchor
$1.78M
Jul 13 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
$307 / 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
$42,809
Tax year 2023
Assessed value
$472,500
Assessed 2023
Previous assessed
$472,500
+0.0% YoY
Effective rate
9.06%
On assessed value
Assessed land
$203,000
Assessed improvement
$269,500
Land market value
$580,000
Improvement market value
$770,000
Total market value
$1,350,000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1996
Construction
STEEL FRAME
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
5,185 SF
Lot
1.9 ac (82,764 SF)
APN
053-10103.43
UPID
US66-2232519
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
Building & site characteristics
From public records
Year built
1996
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
1.9 ac
Current owner
From public records · entity-resolved
1585 North River Valley Circle LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1000 FRST PARK BLVD STE #401, FORT WORTH, TX 76110-1182
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2022
$1,775,000
1585 North River Valley Circle LLC
Nld Lancaster LLC
Limited Warranty Deed
—
Jul 23, 2021
$2,100,000
Nld Lancaster LLC
Lancaster River Valley LLC
Limited Warranty Deed
$1,515,000 · Independent Bank
Feb 6, 2018
—
Lancaster River Valley LLC
—
Deed
related
$1,377,000 · Bank Of The Ozarks
Aug 16, 2017
$2,025,000
Lancaster River Valley LLC
Arcp Ih Lancaster Oh LLC
Grant Deed
—
Jul 11, 2014
$1,901,500
Arcp Ih Lancaster Oh LLC
Icebreaker Dev LLC
Grant Deed
—
Jul 18, 2011
—
Icebreaker Dev LLC
—
Deed Of Trust
related
$19,500,000 · Pnc Bank
Mar 13, 2009
$850,000
Icebreaker Dev LLC
Lone Star Steakhouse & Saloon/
Grant Deed
$1,770,000 · Terre Haute Savings Bank
—
—
Star Steakhouse Lone
—
Deed Of Trust
related
$24,913,000 · Colonial Bank
—
—
Lancaster River Valley LLC
—
Deed Of Trust
related
$1,377,000 · Bank Of The Ozarks
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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