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Property profile & analytics
OFF-MARKET
Estimated value
$3,165,000
Medical Office Space
1717 Medical Blvd Findlay, OH 45840-1338
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US66-3146893
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1998
Construction
MIXED
Total area
14,500 SF
Lot
2.26 ac (98,576 SF)
APN
580001025245
UPID
US66-3146893
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
-
Ajala Musa a MD Physician Medical Clinic
-
Horizon Infusions Medical Clinic
-
U.S. Renal Care Medical Clinic
-
Desrene Brown, MD, FACOG Physician
-
Northwest Ohio OB-GYN Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.12M
CAP Approach
CAP
$2.64M
Comparable Approach
Comparable
$2.03M
Blend (final)
Blend
$3.17M
Owner & transaction history
Finmar Properties LLC · 6 yrs held
Finmar Properties LLC
since 2020
Last sale
$3.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.8M
+24.4%
Office building
$2.3M
+3.8%
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 Findlay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Findlay 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
$3,215,000
ML approach
$3,115,000
CAP Approach
CAP Return
Estimation
6%
$2,865,000
6.5%
$2,640,000
7%
$2,455,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,240,000
Current use
RESTAURANT
$2,790,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$2,325,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$3.17M
Range $2.85M – $3.48M · ±10% · vs last sale $3.43M (Mar 30 2020)
Last sale anchor
$3.43M
Mar 30 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
$218 / 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
$19,974
Tax year 2023
Assessed value
$355,800
Assessed 2023
Previous assessed
$1,148,420
-69.0% YoY
Effective rate
5.61%
On assessed value
Assessed land
$53,900
Assessed improvement
$301,900
Land market value
$154,010
Improvement market value
$862,560
Total market value
$1,016,570
Applied tax rate
21.0000
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
1998
Construction
MIXED
Heating
NONE
Stories
1
Total area
14,500 SF
Lot
2.26 ac (98,576 SF)
APN
580001025245
UPID
US66-3146893
Jurisdiction
HANCOCK
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
MEDICAL BUILDING Current
Est. value
$2.2M
RESTAURANT
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.3M
MEDICAL BUILDING Current
RESTAURANT
OFFICE BUILDING
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
1998
Construction
MIXED
Heating
NONE
Stories
1
Lot
2.26 ac
Current owner
From public records · entity-resolved
Finmar Properties LLC
Entity
Mailing address
15 HANCOCK RD, WESTON, MA 02493-2112
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2020
$3,425,000
Finmar Properties LLC
Findlay Professional Offices LLC
Warranty Deed
$879,663 · State Bank & Trust Co
Dec 15, 2009
$912,733
Nineteen Twenty South Main INC
Blanchard Valley Regional Health Ce
Warranty Deed
$1,500,000 · First Federal Bank Of The Midwest
Jul 15, 2008
—
Blanchard Valley Regional Health Ce
Blanchard Valley Health System
Warranty Deed
—
Feb 8, 2008
$350,000
Blanchard Valley Health Systems
Professional Offices Ltd II
Warranty Deed
—
Feb 6, 2008
—
Findlay Professional Offices LLC
Musa A Ajala
Warranty Deed
—
Feb 1, 2006
$1,950,000
Musa A Ajala
Professional Offices Ltd II
Warranty Deed
$1,560,000 · Fifth Third Bank
Jan 13, 2006
—
Professional Office Ltd II
Professional Office Ltd II
Quit Claim Deed
related
—
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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