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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Retail space
1625 Main St Montpelier, OH 43543
Individually Owned
3-yr Hold
Free & Clear
Property ID
US66-3499002
Property summary
AI-generated overview
This exceptional 36,000+ square foot commercial property, situated on a generous 4-acre lot in Montpelier, Ohio, presents a remarkable opportunity for a wide range of business ventures. Zoned C-2 for full commercial use, the property boasts significant flexibility, catering to diverse needs. Imagine transforming this expansive space into a thriving retail center, a modern office complex, or a dynamic hub for trade services. The possibilities are virtually limitless. The property's strategic location offers unparalleled convenience, with easy access to the nearby toll road, ensuring seamless transportation for both employees and customers. Furthermore, its proximity to hotels and town amenities provides added value and accessibility. Practical features include a dedicated off-street loading dock, eliminating logistical challenges and ensuring efficient operations. Ample parking is also available, guaranteeing convenient access for visitors and staff. This property is more than just a building
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2000
Total area
32,437 SF
Lot
4 ac (174,240 SF)
APN
073-060-00-008.001
UPID
US66-3499002
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
$885k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$750k
Owner & transaction history
Chauncey Henricks · 3 yrs held
Chauncey Henricks
since 2023
Last sale
$575,000
4 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 Montpelier submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Montpelier 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
$585,000
ML approach
$885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,065,000
Current use
Blend value · Realmo final
$750k
Range $675k – $825k · ±10% · vs last sale $575k (Apr 11 2023)
Last sale anchor
$575k
Apr 11 2023
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
$23 / 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
$3,891
Tax year 2023
Assessed value
$124,950
Assessed 2023
Previous assessed
$124,950
+0.0% YoY
Effective rate
3.11%
On assessed value
Assessed land
$26,250
Assessed improvement
$98,700
Land market value
$75,000
Improvement market value
$282,000
Total market value
$357,000
Applied tax rate
151.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2000
Heating
NONE
Stories
1
Total area
32,437 SF
Lot
4 ac (174,240 SF)
APN
073-060-00-008.001
UPID
US66-3499002
Jurisdiction
WILLIAMS
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
RETAIL STORES Current
Est. value
$1.1M
RETAIL STORES Current
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
NONE
Stories
1
Lot
4 ac
Current owner
From public records · entity-resolved
Chauncey Henricks
Individual
Free & Clear · 3 yrs held
Mailing address
10211 COUNTY RD G G, BRYAN, OH 43506-9594
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2023
$575,000
Chauncey Henricks
Fidc 72 LLC
Limited Warranty Deed
—
Sep 21, 2017
$357,000
Fidc 72 LLC
Spirit Spe Portfolio 2006 3 LLC
Limited Warranty Deed
—
Feb 8, 2006
$1,600,000
Pamida Spe Real Estate LLC
Pamida INC
Quit Claim Deed
related
$700,000 · Barcalays Capital Real Estates INC
May 18, 2005
—
Rodney D Rittnehouse
Ned Drake Snyder
Quit Claim Deed
related
—
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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