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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Retail space
1636 Central Ave Middletown, OH 45044
Entity Owned
1-yr Hold
Free & Clear
Property ID
US66-0974963
Property summary
AI-generated overview
This exceptional Middletown, Ohio property at 1636 Central Avenue presents a lucrative mixed-use investment opportunity. The 0.21-acre lot houses a single building encompassing 4,944 square feet of retail space currently operating at 100% occupancy, along with four residential units. This versatile property is ideally suited for a variety of uses, benefiting from its prime location in a retail-zoned area of Butler County. Convenient access to major roadways, including I-75 North, and proximity to Dayton Airport (36 miles) enhance its appeal. The thriving Middletown community boasts a population exceeding 12,500 and a median household income surpassing $54,000, indicating strong market potential. On-site parking is provided for tenants and customers with 10 spaces. This property offers a compelling blend of commercial and residential income streams, making it an attractive investment for discerning buyers seeking a high-return opportunity in a dynamic market. The asking price is $699,999.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1922
Total area
10,830 SF
Lot
0.1 ac (4,563 SF)
APN
Q6532-017.000-009
UPID
US66-0974963
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
$645k
CAP Approach
CAP
$705k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$710k
Owner & transaction history
Anya Group LLC · 1 yrs held
Anya Group LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$990,000
+87.8%
Auto repair, garage
$980,000
+86.1%
Office building
$635,000
+20.4%
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 Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown 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
$785,000
ML approach
$645,000
CAP Approach
CAP Return
Estimation
6%
$765,000
6.5%
$705,000
7%
$655,000
Alternative Use
Use
Estimation
RETAIL STORES
$525,000
Current use
MEDICAL BUILDING
$990,000
Change: +88% · Conversion: Difficult
AUTO REPAIR, GARAGE
$980,000
Change: +86% · Conversion: Difficult
OFFICE BUILDING
$635,000
Change: +20% · Conversion: Easy
WAREHOUSE, STORAGE
$590,000
Change: +12% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$500,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$710k
Range $639k – $781k · ±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
$66 / 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
$1,510
Tax year 2023
Assessed value
$25,160
Assessed 2023
Previous assessed
$25,160
+0.0% YoY
Effective rate
6.00%
On assessed value
Assessed land
$3,990
Assessed improvement
$21,170
Land market value
$11,410
Improvement market value
$60,480
Total market value
$71,890
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1922
Heating
NONE
Cooling
NONE
Stories
2
Units
2
Bathrooms
4
Total area
10,830 SF
Lot
0.1 ac (4,563 SF)
APN
Q6532-017.000-009
UPID
US66-0974963
Jurisdiction
BUTLER
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
$525,000
MEDICAL BUILDING
Est. value
$990,000
AUTO REPAIR, GARAGE
Est. value
$980,000
OFFICE BUILDING
Est. value
$635,000
WAREHOUSE, STORAGE
Est. value
$590,000
INDUSTRIAL (GENERAL)
Est. value
$500,000
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
INDUSTRIAL (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
1922
Heating
NONE
Cooling
Yes
Stories
2
Units
2
Bathrooms
4
Lot
0.1 ac
Current owner
From public records · entity-resolved
Anya Group LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1634 CENTRAL AVE, MIDDLETOWN, OH 45044-4191
Ownership since
2025
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
Jun 23, 2025
—
Anya Group LLC
Gmd Group Of Ohio LLC
Warranty Deed
—
Feb 4, 2025
$675,000
Gmd Group Of Ohio LLC
Bst Management INC
Warranty Deed
$472,500 · Telhio Cu INC
Feb 2, 2024
—
Bst Management INC
—
Deed
related
$400,000 · Heritage Bank INC
Jun 2, 2023
—
Bst Management INC
—
Deed
related
$200,000 · Heritage Bank INC
Jul 29, 2021
—
Bst Management INC
—
Deed
related
$150,000 · Heritage Southeast Bank
Apr 8, 2021
$80,000
Bst Management INC
Nyc Property Management INC
Limited Warranty Deed
—
Aug 14, 2020
$80,000
Bst Management INC
Nyc Property Managment
Grant Deed
—
May 21, 2010
$270,000
Nyc Property Management INC
Commercial Realty Co
Grant Deed
—
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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