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Property profile & analytics
OFF-MARKET
Estimated value
$4,615,000
Office buildings
165 Smokerise Dr, Wadsworth, OH 44281-8702
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-1793228
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Total area
30,418 SF
Lot
1.74 ac (75,794 SF)
APN
040-20A-03-180
UPID
US66-1793228
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
-
Dr. Jeffrey A. Archinal, MD Pediatrician Medical Clinic
-
CDM Smith Inc. Engineering Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.03M
CAP Approach
CAP
$6.12M
Comparable Approach
Comparable
$4.34M
Blend (final)
Blend
$4.62M
Owner & transaction history
Pickerington Medical LLC · 1 yrs held
Pickerington Medical LLC
since 2024
Last sale
$4.6M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.0M
+82.9%
Medical building
$5.1M
+56.1%
Commercial (general)
$3.6M
+11.7%
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 Wadsworth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wadsworth 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
$5,240,000
ML approach
$5,030,000
CAP Approach
CAP Return
Estimation
6%
$6,630,000
6.5%
$6,120,000
7%
$5,685,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,265,000
Current use
RESTAURANT
$5,965,000
Change: +83% · Conversion: Moderate
MEDICAL BUILDING
$5,095,000
Change: +56% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,645,000
Change: +12% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,640,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$4.62M
Range $4.15M – $5.08M · ±10% · vs last sale $4.55M (Apr 2 2020)
Last sale anchor
$4.55M
Apr 2 2020
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
$152 / 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
$90,208
Tax year 2023
Assessed value
$1,490,010
Assessed 2023
Previous assessed
$1,490,010
+0.0% YoY
Effective rate
6.05%
On assessed value
Assessed land
$174,570
Assessed improvement
$1,315,440
Land market value
$498,770
Improvement market value
$3,758,390
Total market value
$4,257,160
Applied tax rate
40.0000
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
1989
Heating
YES
Cooling
YES
Stories
3
Total area
30,418 SF
Lot
1.74 ac (75,794 SF)
APN
040-20A-03-180
UPID
US66-1793228
Jurisdiction
MEDINA
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
$3.3M
RESTAURANT
Est. value
$6.0M
MEDICAL BUILDING
Est. value
$5.1M
COMMERCIAL (GENERAL)
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.6M
OFFICE BUILDING Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1989
Heating
YES
Cooling
Yes
Stories
3
Lot
1.74 ac
Current owner
From public records · entity-resolved
Pickerington Medical LLC
Entity
Mailing address
1878 QUEEN ELIZABETH DR, LANCASTER, OH 43130-1194
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2024
—
Pickerington Medical LLC
William J Reichelt
Deed
—
Apr 2, 2020
$4,550,000
Pickerington Medical LLC
Louis Perry & Associates INC
Limited Warranty Deed
$3,449,402 · Lcnb National Bank
Apr 1, 2019
$1,708,000
Louis Perry & Associates INC
165 Smokerise LLC
Grant Deed
—
—
—
Perry Trust
—
Deed Of Trust
related
$250,000 · Bank One Akron
—
—
Perry Trust
—
Deed Of Trust
related
$660,000 · Bank One NA
—
—
Perry Trust
—
Deed Of Trust
related
$950,000 · Bank One NA
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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