Entity Owned 
For Lease
$12 SF/Yr
1637 East Us Highway 36, Urbana, OH 43078
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Property summary
AI-generated overview
The property is a tanning salon located within Scioto Square Plaza in Urbana, Ohio, a shopping center with anchor tenants including Kroger, Tractor Supply Company (TSC), and Anytime Fitness. The salon business was established in 2000 and includes 13 tanning beds arranged across five levels, along with a Pura sunless spray tan booth. The included operational components (excluding certain personal items and the owner’s private computer) consist of equipment and furnishings such as two POS computers, product inventory, a security system, a Pandora music setup with a tablet, and a washer/dryer, as well as a supply of tanning bulbs for the beds. Business operations are supported by Tan Track and TMax Manager software, and the business is configured to accommodate customer services related to tanning and spray tanning; no real estate is included.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1989
Total area
61,692 SF
Lot
6.76 ac (294,553 SF)
APN
K48-25-11-02-27-001-06
UPID
US66-4308007
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Take-out & Catering
-
Tax Preparation
-
Financial Advisor
-
Loan Service
-
Grocery & Convenience Store Food Market
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.79M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.30M
Blend (final)
Blend
$10.22M
Owner & transaction history
since 2022
Last sale
$11.6M
4 recorded transactions
Zoning & alternative use
Top alternative use upside
Office building
$6.8M
+78.9%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$10.22M
Value range
$9.20M – $11.24M
±10% around blend
Estimated value / SF
$166 / SF
Confidence
Property data
88
Market benchmarks
100
Comparable evidence
60
Income certainty
100
$9.20M
blend $10.22M
$11.24M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
61,692 SF
Lot area
6.76 ac
Year built
1989
Stories
1
APN
K48-25-11-02-27-001-06
Assessed value
$1,050,000
Annual tax
$71,335
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$71,335
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$6.30M
Range $2.54M – $8.07M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$10.22M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 22 sales
$61
+171%
Submarket 22 sales
$61
+171%
County 37 sales
$61
+172%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $166/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+79%
vs current-use indication
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$103k
Move the market yield to see immediate price impact.
Value / SF
$2
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$6k
$129k
$92k
$72k
$7k
$144k
$103k
$80k
$8k
$158k
$113k
$88k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$71,335
Tax year 2023
Assessed value
$1,050,000
Assessed 2023
Previous assessed
$1,050,000
+0.0% YoY
Effective rate
6.79%
On assessed value
Assessed land
$205,900
Assessed improvement
$844,100
Land market value
$588,290
Improvement market value
$2,411,710
Total market value
$3,000,000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1989
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
61,692 SF
Lot
6.76 ac (294,553 SF)
APN
K48-25-11-02-27-001-06
UPID
US66-4308007
Jurisdiction
CHAMPAIGN
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
6.76 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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