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Property profile

175 Benedict Ave Norwalk, OH 44857

FOR SALE
Other commercial real estate
Property ID
US66-0184592
1,760 SF 0.65 ac lot Built 1919
Last sale Mar 2008 · $165,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 18-yr Hold Held for 18 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This commercial property is located in Norwalk, Ohio, in Huron County, on the south side of the city and includes ample parking. The building has a total area of 5,292 square feet and sits on a 0.65-acre lot. It includes an established school space with three offices and one bathroom, and it also includes an upstairs 3-bedroom, 2-bath apartment with washer and dryer hookups. The property has had recent exterior and weatherproofing improvements, including a roof that is approximately six months old and siding replacement completed about one year ago.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$3k
Tax billed · 2023
Assessed value$64k
Assessed land$17k
Assessed improvement$46k
Effective rate4.99%

Value estimate

· Oct 2026
$260k
$234k – $286k
AI approach$260k
NOI build-up
Gross scheduled income$34k
Vacancy & credit loss−$3k
Operating expenses−$12k
NOI · 6.49% cap applied$19k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$99/SF
ZIP average, outlier-cleaned · 19 recorded sales of this use type
Observed band · Q1–Q3$38 – $162
Qualifying comparables3

Cap rate analysis

How does the asset earn?
6.49%
$19k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionHURON

Location intelligence

Which uses thrive at this corner?
Best fit: Hair Salon
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Hair Salon12.0
Spa & Massage10.6
Convenience Store10.1

Location

175 Benedict Ave Norwalk, OH 44857
County assessor Recorded deeds · 5 transfers 3 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
187 Woodlawn, Norwalk, OH 44857-2256 $640,000 Jan 2024 1,400 SF
713 State Rte 18, Norwalk, OH 44857-9548 $320,000 Dec 2023 2,912 SF
56 Executive, Norwalk, OH 44857-9567 $320,000 Nov 2022 1,540 SF
849 Us Hwy 20th E, Norwalk, OH 44857-9597 $215,000 Oct 2022 2,048 SF
110 Cleveland, Norwalk, OH 44857-9021 $88,000 Sep 2020 1,280 SF
69 Whittlesey, Norwalk, OH 44857-1450 $30,000 Nov 2019 1,620 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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