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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Garden apartment buildings
1604 1st NE St Massillon, OH 44646-4088
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US66-2056580
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1978
Construction
WOOD
Total area
6,360 SF
Lot
9.51 ac (414,256 SF)
APN
06-16808
UPID
US66-2056580
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
-
Soaring Eagle Home Inspections, LLC Home Inspector
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$430k
CAP Approach
CAP
$715k
Comparable Approach
Comparable
$474k
Blend (final)
Blend
$660k
Owner & transaction history
Massmed Amherst LLC · 20 yrs held
Massmed Amherst LLC
since 2006
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$745,000
+49.0%
Retail stores
$685,000
+37.2%
Medical building
$580,000
+16.2%
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 Massillon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Massillon 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
$430,000
CAP Approach
CAP Return
Estimation
6%
$775,000
6.5%
$715,000
7%
$665,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$500,000
Current use
RESTAURANT
$745,000
Change: +49% · Conversion: Difficult
RETAIL STORES
$685,000
Change: +37% · Conversion: Difficult
MEDICAL BUILDING
$580,000
Change: +16% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$545,000
Change: +9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$530,000
Change: +6% · Conversion: Moderate
Blend value · Realmo final
$660k
Range $594k – $726k · ±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
$104 / 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
$63,570
Tax year 2023
Assessed value
$1,060,150
Assessed 2023
Previous assessed
$1,060,150
+0.0% YoY
Effective rate
6.00%
On assessed value
Assessed land
$59,010
Assessed improvement
$1,001,140
Land market value
$168,600
Improvement market value
$2,860,400
Total market value
$3,029,000
Applied tax rate
50.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1978
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
30
Stories
1
Units
1
Bathrooms
190
Total area
6,360 SF
Lot
9.51 ac (414,256 SF)
APN
06-16808
UPID
US66-2056580
Jurisdiction
STARK
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$500,000
RESTAURANT
Est. value
$745,000
RETAIL STORES
Est. value
$685,000
MEDICAL BUILDING
Est. value
$580,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$545,000
COMMERCIAL (GENERAL)
Est. value
$530,000
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1978
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
30
Units
1
Bathrooms
190
Lot
9.51 ac
Current owner
From public records · entity-resolved
Massmed Amherst LLC
Entity
Mailing address
29325 CHAGRIN BLVD STE #105, BEACHWOOD, OH 44122-4600
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2022
—
Massmed Amherst LLC
—
Deed
related
$5,600,000 · Minnesota Life Insurance Company
Mar 24, 2006
—
Massmed Amherst LLC
Massmed Medina LLC
Limited Warranty Deed
$4,650,000 · Morgan Stanley Mortgage Capital INC
—
—
Massmed Amherst LLC
—
Deed Of Trust
related
$4,125,000 · Miscellaneous Ins Co
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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