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Property profile & analytics
OFF-MARKET
Estimated value
$4,210,000
Manufacturing properties
1600 Gressel Dr, Delphos, OH 45833-9153
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US66-1933471
Property profile
Verified
Property type
Manufacturing properties
Use group
FOOD PROCESSING
Year built
2000
Total area
46,909 SF
Lot
11.74 ac (511,394 SF)
APN
25-1900-01-004.000
UPID
US66-1933471
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
-
Lakeview Farms Inc Food Processing Plant Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.97M
Comparable Approach
Comparable
$5.03M
Blend (final)
Blend
$4.21M
Owner & transaction history
Pohlman Property 9 LLC · 12 yrs held
Pohlman Property 9 LLC
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.4M
+69.8%
Commercial (general)
$3.4M
+66.3%
Office building
$3.3M
+62.5%
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 Delphos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Delphos 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%
$3,215,000
6.5%
$2,965,000
7%
$2,755,000
Alternative Use
Use
Estimation
RESTAURANT
$3,420,000
Change: +70% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,350,000
Change: +66% · Conversion: Difficult
OFFICE BUILDING
$3,270,000
Change: +63% · Conversion: Difficult
MEDICAL BUILDING
$3,185,000
Change: +58% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,665,000
Change: +32% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,610,000
Change: +30% · Conversion: Easy
Blend value · Realmo final
$4.21M
Range $3.79M – $4.63M · ±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
$90 / 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
$71,012
Tax year 2023
Assessed value
$1,255,730
Assessed 2023
Previous assessed
$1,255,730
+0.0% YoY
Effective rate
5.66%
On assessed value
Assessed land
$94,500
Assessed improvement
$1,161,230
Land market value
$270,000
Improvement market value
$3,317,800
Total market value
$3,587,800
Applied tax rate
204.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Manufacturing properties
Use group
FOOD PROCESSING
Status
Off-Market
Year built
2000
Heating
STEAM
Cooling
CENTRAL
Buildings
6
Stories
1
Total area
46,909 SF
Lot
11.74 ac (511,394 SF)
APN
25-1900-01-004.000
UPID
US66-1933471
Jurisdiction
ALLEN
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
RESTAURANT
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$3.4M
OFFICE BUILDING
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$3.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.6M
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
2000
Heating
STEAM
Cooling
Yes
Stories
1
Buildings
6
Lot
11.74 ac
Current owner
From public records · entity-resolved
Pohlman Property 9 LLC
Entity
Mailing address
1600 GRESSEL DR, DELPHOS, OH 45833-9153
Ownership since
2014
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
Jul 3, 2019
—
Lakeview Farms LLC
—
Deed
related
$48,000 · Nxt Cap
May 7, 2018
—
Lakeview Farms LLC
—
Loan Modification
related
$48,000,000 · Nxt Cap
Jul 2, 2014
$8,500,000
Pohlman Property 9 LLC
Resers Fine Foods INC
Trustees Deed
$6,395,000 · First Fed'l Bk/the Midwest
Feb 23, 2011
—
Orval Kent Food Co LLC
—
Deed Of Trust
related
$20,000,000 · Mistral Capital Management LLC
Dec 7, 2009
—
Orval Kent Food Co INC
—
Deed Of Trust
related
$12,000,000 · Mistral Capital Management LLC
—
—
Lakeview Farms LLC
—
Deed Of Trust
related
$43,000,000 · Nxt Cap
—
—
Lakeview Farms LLC
—
Deed Of Trust
related
$48,000 · Nxt Cap
—
—
Orval Kent Food Co INC
—
Deed Of Trust
related
$10,000,000 · American Specialty Cars Holdin
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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