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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Industrial properties
1778 Us Hwy 224 Tiffin, OH 44883-8820
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-4170551
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1968
Construction
TYPE NOT SPECIFIED
Total area
9,600 SF
Lot
8.82 ac (384,069 SF)
APN
F20000313400000
UPID
US66-4170551
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
$555k
CAP Approach
CAP
$605k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$580k
Owner & transaction history
Andrew B Newman · 3 yrs held
Andrew B Newman
since 2022
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$710,000
+292.9%
Restaurant
$680,000
+276.9%
Office building
$520,000
+187.8%
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 Tiffin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tiffin 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
$555,000
CAP Approach
CAP Return
Estimation
6%
$655,000
6.5%
$605,000
7%
$565,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$710,000
Change: +293% · Conversion: Difficult
RESTAURANT
$680,000
Change: +277% · Conversion: Difficult
OFFICE BUILDING
$520,000
Change: +188% · Conversion: Difficult
COMMERCIAL (GENERAL)
$520,000
Change: +187% · Conversion: Difficult
AUTO REPAIR, GARAGE
$480,000
Change: +165% · Conversion: Easy
RETAIL STORES
$390,000
Change: +117% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$360,000
Change: +100% · Conversion: Difficult
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$60 / 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
$39,433
Tax year 2023
Assessed value
$637,860
Assessed 2023
Previous assessed
$696,820
-8.5% YoY
Effective rate
6.18%
On assessed value
Assessed land
$58,120
Assessed improvement
$579,740
Land market value
$166,060
Improvement market value
$1,656,400
Total market value
$1,822,460
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1968
Construction
TYPE NOT SPECIFIED
Heating
OTHER
Cooling
NONE
Buildings
18
Stories
1
Units
1
Total area
9,600 SF
Lot
8.82 ac (384,069 SF)
APN
F20000313400000
UPID
US66-4170551
Jurisdiction
SENECA
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
Est. value
$710,000
RESTAURANT
Est. value
$680,000
OFFICE BUILDING
Est. value
$520,000
COMMERCIAL (GENERAL)
Est. value
$520,000
AUTO REPAIR, GARAGE
Est. value
$480,000
RETAIL STORES
Est. value
$390,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$360,000
MEDICAL BUILDING
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1968
Construction
TYPE NOT SPECIFIED
Heating
OTHER
Cooling
Yes
Stories
1
Buildings
18
Units
1
Lot
8.82 ac
Current owner
From public records · entity-resolved
Andrew B Newman
Individual
Mailing address
49 OAKBRIDGE PARK, TIFFIN, OH 44883-3639
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2023
—
Bradley W Newman
—
Deed
related
$3,000,000 · The Old Fort Banking Company
Dec 29, 2022
—
Andrew B Newman
Bradley W Newman
Intrafamily Transfer
related
—
Mar 17, 2022
—
Grace Community Church Of Fremont O
Bradley W Newman
Fiduciary Deed
—
Mar 12, 2018
—
Newman,bradley W Living Trust
Newman Bradley W L/tr
Quit Claim Deed
related
—
—
—
Newman,bradley W Living Trust
—
Deed Of Trust
related
$200,000 · Old Fort Bkng
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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