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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Garden apartment buildings
177 Main St Owensville, OH 45160-3508
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-1147870
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1988
Construction
BRICK
Total area
4,760 SF
Lot
0.43 ac (18,914 SF)
APN
31-12-04A-005P
UPID
US66-1147870
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
$525k
CAP Approach
CAP
$690k
Comparable Approach
Comparable
$335k
Blend (final)
Blend
$530k
Owner & transaction history
Owensville Investment LLC · 3 yrs held
Owensville Investment LLC
since 2023
Last sale
$510,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$705,000
+84.8%
Office building
$680,000
+78.6%
Neighborhood: shopping center
$675,000
+77.8%
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 Owensville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Owensville 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
$605,000
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
$745,000
6.5%
$690,000
7%
$640,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$380,000
Current use
COMMERCIAL (GENERAL)
$705,000
Change: +85% · Conversion: Moderate
OFFICE BUILDING
$680,000
Change: +79% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$675,000
Change: +78% · Conversion: Difficult
RETAIL STORES
$670,000
Change: +76% · Conversion: Difficult
AUTO REPAIR, GARAGE
$635,000
Change: +67% · Conversion: Difficult
WAREHOUSE, STORAGE
$330,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $510k (May 2 2023)
Last sale anchor
$510k
May 2 2023
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
$111 / 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
$3,950
Tax year 2023
Assessed value
$75,390
Assessed 2023
Previous assessed
$75,390
+0.0% YoY
Effective rate
5.24%
On assessed value
Assessed land
$24,500
Assessed improvement
$50,890
Land market value
$70,000
Improvement market value
$145,400
Total market value
$215,400
Applied tax rate
31.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1988
Construction
BRICK
Heating
FORCED AIR
Cooling
WINDOW A/C
Stories
2
Units
8
Rooms
8
Bathrooms
1
Total area
4,760 SF
Lot
0.43 ac (18,914 SF)
APN
31-12-04A-005P
UPID
US66-1147870
Jurisdiction
CLERMONT
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$380,000
COMMERCIAL (GENERAL)
Est. value
$705,000
OFFICE BUILDING
Est. value
$680,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$675,000
RETAIL STORES
Est. value
$670,000
AUTO REPAIR, GARAGE
Est. value
$635,000
WAREHOUSE, STORAGE
Est. value
$330,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1988
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
8
Rooms
8
Bathrooms
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Owensville Investment LLC
Entity
Mailing address
PO BOX 339, OWENSVILLE, OH 45160-0339
Ownership since
2023
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
May 2, 2023
$510,000
Owensville Investment LLC
William G Strite
Warranty Deed
$351,400 · Civista Bank
May 2, 2023
—
Ml Mantel Property Management LLC
Tammy Hanley Hanley
Land Contract
—
Aug 10, 2020
—
Tammy Hanley-strite
Tammy Hanley-strite
Quit Claim Deed
related
—
Aug 5, 2016
$219,000
Ml Mantel Property Mgmt LLC
Hanley,tammy
Dual Purpose Document
related
$191,500 · Tammy Hanley
Aug 2, 2016
—
Tammy Hanley
Hanley,tammy
Quit Claim Deed
related
—
Dec 2, 2015
—
Tammy Hanley
Hanley,john R
Affidavit Of Death
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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