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Property profile & analytics
OFF-MARKET
Estimated value
$12,065,000
Manufacturing properties
1701 Made Dr Middletown, OH 45044-8939
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-0855999
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1980
Total area
242,587 SF
Lot
18.99 ac (826,987 SF)
APN
Q6542-084.000-009
UPID
US66-0855999
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.02M
Blend (final)
Blend
$12.07M
Owner & transaction history
Metal-matic INC · 14 yrs held
Metal-matic INC
since 2012
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$14.2M
+26.2%
Warehouse, storage
$12.0M
+6.2%
Retail stores
$11.8M
+4.8%
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
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
INDUSTRIAL (GENERAL)
$11,265,000
Current use
OFFICE BUILDING
$14,210,000
Change: +26% · Conversion: Difficult
WAREHOUSE, STORAGE
$11,965,000
Change: +6% · Conversion: Easy
RETAIL STORES
$11,800,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$12.07M
Range $10.86M – $13.27M · ±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
$50 / 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
$71,823
Tax year 2023
Assessed value
$1,196,680
Assessed 2023
Previous assessed
$1,072,810
+11.5% YoY
Effective rate
6.00%
On assessed value
Assessed land
$99,670
Assessed improvement
$1,097,010
Land market value
$284,780
Improvement market value
$3,134,300
Total market value
$3,419,080
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1980
Heating
HOT WATER
Cooling
NONE
Stories
1
Units
1
Total area
242,587 SF
Lot
18.99 ac (826,987 SF)
APN
Q6542-084.000-009
UPID
US66-0855999
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
INDUSTRIAL (GENERAL) Current
Est. value
$11.3M
OFFICE BUILDING
Est. value
$14.2M
WAREHOUSE, STORAGE
Est. value
$12.0M
RETAIL STORES
Est. value
$11.8M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
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
1980
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
1
Lot
18.99 ac
Current owner
From public records · entity-resolved
Metal-matic INC
Entity
Free & Clear · 14 yrs held
Mailing address
629 2ND ST SE, MINNEAPOLIS, MN 55414-2106
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
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
May 9, 2022
—
Metal Matic LLC
—
Deed
related
$26,827,066 · Black Diamond Commercial Finance LLC
Apr 27, 2012
$2,529,300
Metal-matic INC
Wsc Acquisition LLC
Grant Deed
—
Mar 16, 2012
—
Wsc Acquisition LLC
Wsc Acquisition LLC
Quit Claim Deed
—
Dec 30, 2011
$1,082,500
Black Oak Capital Holdings LLC
Wsc Acquisition LLC
Grant Deed
$1,050,000 · Fortitude Casualty & Indemnity
Dec 15, 2011
—
Wsc Acquistion LLC
Wsc Acquisition LLC
Quit Claim Deed
—
Mar 14, 2011
$6,000,000
Wsc Acquisition LLC
Misa Metals INC
Grant Deed
—
May 4, 2010
$42,811
City Of Middletown Oh
Misa Metal INC
Grant Deed
—
Dec 21, 2009
—
Tomson Investment Group INC
—
Deed Of Trust
related
$3,700,000 · First Financial Bank 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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