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Property profile & analytics
OFF-MARKET
Estimated value
$5,340,000
Manufacturing properties
1701 Magda Dr Montpelier, OH 43543-9368
Entity Owned
4-yr Hold
Free & Clear
Property ID
US66-2902255
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1999
Total area
168,613 SF
Lot
3.24 ac (141,134 SF)
APN
073-070-02-017.000
UPID
US66-2902255
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
-
Ck Technologies Shipper Shipping Company Freight Service
-
Creative Liquid Coatings, Inc. Plant 6 Industrial Manufacturer Production Facility
-
Creative Liquid Coatings Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.43M
Blend (final)
Blend
$5.34M
Owner & transaction history
Creative Opportunities LLC · 4 yrs held
Creative Opportunities LLC
since 2022
Last sale
$5.4M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$8.4M
+154.3%
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
$6,430,000
ML approach
$5,180,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,320,000
Current use
RETAIL STORES
$8,440,000
Change: +154% · Conversion: Moderate
Blend value · Realmo final
$5.34M
Range $4.81M – $5.87M · ±10% · vs last sale $5.42M (Jun 15 2022)
Last sale anchor
$5.42M
Jun 15 2022
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
$32 / 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
$92,599
Tax year 2023
Assessed value
$1,635,170
Assessed 2023
Previous assessed
$1,635,170
+0.0% YoY
Effective rate
5.66%
On assessed value
Assessed land
$34,020
Assessed improvement
$1,601,150
Land market value
$97,200
Improvement market value
$4,574,700
Total market value
$4,671,900
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1999
Heating
NONE
Stories
1
Total area
168,613 SF
Lot
3.24 ac (141,134 SF)
APN
073-070-02-017.000
UPID
US66-2902255
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
INDUSTRIAL (GENERAL) Current
Est. value
$3.3M
RETAIL STORES
Est. value
$8.4M
INDUSTRIAL (GENERAL) Current
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
1999
Heating
NONE
Stories
1
Lot
3.24 ac
Current owner
From public records · entity-resolved
Creative Opportunities LLC
Entity
Free & Clear · 4 yrs held
Mailing address
6530 CONSTITUTION DR, FORT WAYNE, IN 46804-1550
Ownership since
2022
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
Nov 7, 2024
—
Creative Opportunities LLC
—
Deed
related
$2,600,000 · Premier Bank NA
Sep 2, 2022
—
Creative Opportunities LLC
—
Deed
related
$9,000,000 · Premier Bank
Jun 15, 2022
$5,420,000
Creative Opportunities LLC
Ck Technologies LLC
Warranty Deed
—
Mar 28, 2022
—
Ck Technologies LLC
—
Deed
related
$90,000,000 · Wells Fargo 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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