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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Office buildings
161 Lincoln Ave Salem, OH 44460-2903
Entity Owned
Absentee Owner
Free & Clear
Property ID
US66-2558319
Property summary
AI-generated overview
This exceptional commercial property, located at 161 N Lincoln Avenue in Salem, Ohio, presents a compelling redevelopment opportunity. The 17,000 square foot building sits on a 0.71-acre lot and boasts a highly visible street presence with over 100 feet of frontage on North Lincoln Avenue. Constructed in 1948, this two-story Class C building offers a versatile mix of office and warehouse space, ideal for a variety of uses. Features include large open office areas, a former pressroom, a convenient loading dock, and a service elevator. Ample parking is provided with over 20 spaces available on-site. The property's zoning allows for mixed-use development, providing flexibility for potential buyers. The building's substantial size and prime location in Columbiana County, Ohio, (zip code 44460) make it an attractive investment for those seeking a significant commercial property with high redevelopment potential. The property is classified as Commercial, Industrial, and Traditional Office. This is a rare opportunity to acquire a substantial property in a growing area. The asking price is $800,000.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1948
Total area
10,376 SF
Lot
0.25 ac (10,999 SF)
APN
51-00805-000
UPID
US66-2558319
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
-
Salem News Publishing House Newspaper & Magazine
-
Thomas Grieve Carpet Installer General Contractor Carpet & Flooring Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$526k
Blend (final)
Blend
$665k
Owner & transaction history
OGDEN NEWS PUBLISHING OHIO INC
OGDEN NEWS PUBLISHING OHIO INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$805,000
+11.1%
Medical building
$740,000
+2.1%
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 Salem submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salem 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$725,000
Current use
RESTAURANT
$805,000
Change: +11% · Conversion: Moderate
MEDICAL BUILDING
$740,000
Change: +2% · Conversion: Easy
COMMERCIAL (GENERAL)
$595,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$665k
Range $599k – $732k · ±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
$64 / 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
$7,569
Tax year 2023
Assessed value
$157,680
Assessed 2023
Previous assessed
$157,680
+0.0% YoY
Effective rate
4.80%
On assessed value
Assessed land
$21,950
Assessed improvement
$135,730
Land market value
$62,700
Improvement market value
$387,800
Total market value
$450,500
Applied tax rate
51.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1948
Heating
NONE
Stories
1
Total area
10,376 SF
Lot
0.25 ac (10,999 SF)
APN
51-00805-000
UPID
US66-2558319
Jurisdiction
COLUMBIANA
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
OFFICE BUILDING Current
Est. value
$725,000
RESTAURANT
Est. value
$805,000
MEDICAL BUILDING
Est. value
$740,000
COMMERCIAL (GENERAL)
Est. value
$595,000
OFFICE BUILDING Current
RESTAURANT
MEDICAL BUILDING
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
1948
Heating
NONE
Stories
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
OGDEN NEWS PUBLISHING OHIO INC
Entity
Free & Clear · 0 yrs held
Mailing address
1500 MAIN ST, WHEELING, WV 26003-2826
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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