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Property profile & analytics
OFF-MARKET
Estimated value
$1,305,000
Medical Office Space
1909 Williamsburg NE Way Louisville, OH 44641-8781
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-2707158
Property summary
AI-generated overview
This exceptional investment opportunity presents a 11,448 square foot, single-story Class B medical office building located at 1909 Williamsburg Way, Louisville, OH 44641. The property, built in 2002 and situated on a B5 zoned lot (APN 3605444), boasts a 7.02% cap rate and a strong net operating income (NOI) of $133,400. Currently 100% occupied by three tenants under a triple-net (NNN) lease with Aultman Health Foundation, the lease extends to January 1, 2043, providing long-term stability and predictable cash flow. The building offers modern amenities and ample parking, strategically located with easy access to major highways, making it highly attractive to both patients and medical providers. This multi-tenant property represents a secure and lucrative investment opportunity in a growing healthcare market. The asking price is $1,900,000.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2002
Construction
FRAME
Total area
11,448 SF
Lot
2.43 ac (105,851 SF)
APN
36-05440
UPID
US66-2707158
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.54M
Blend (final)
Blend
$1.31M
Owner & transaction history
Schoeppner Properties Ltd · 7 yrs held
Schoeppner Properties Ltd
since 2019
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+28.2%
Auto repair, garage
$1.1M
+9.4%
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 Louisville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Louisville 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,045,000
Current use
RESTAURANT
$1,340,000
Change: +28% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,140,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$1,005,000
Change: -4% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$980,000
Change: -6% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$900,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$1.31M
Range $1.17M – $1.44M · ±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
$114 / 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
$24,638
Tax year 2023
Assessed value
$475,340
Assessed 2023
Previous assessed
$475,340
+0.0% YoY
Effective rate
5.18%
On assessed value
Assessed land
$23,000
Assessed improvement
$452,340
Land market value
$65,700
Improvement market value
$1,292,400
Total market value
$1,358,100
Applied tax rate
330.0000
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 BUILDING
Status
Off-Market
Year built
2002
Construction
FRAME
Heating
YES
Cooling
NONE
Stories
1
Units
1
Bathrooms
6
Total area
11,448 SF
Lot
2.43 ac (105,851 SF)
APN
36-05440
UPID
US66-2707158
Jurisdiction
STARK
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
$1.0M
RESTAURANT
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$980,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$900,000
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2002
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
6
Lot
2.43 ac
Current owner
From public records · entity-resolved
Schoeppner Properties Ltd
Entity
Mailing address
2600 6TH ST SW, CANTON, OH 44710-1702
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2019
—
Schoeppner Properties Ltd
—
Deed
related
$780,000 · The Farmers National Bank Of Canfield
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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