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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Community centers
1923 Covington Ave Piqua, OH 45356-2635
Entity Owned
11-yr Hold
Free & Clear
Property ID
US66-6265569
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1980
Total area
43,050 SF
Lot
5.3 ac (230,737 SF)
APN
M40-059760
UPID
US66-6265569
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
$660k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$564k
Blend (final)
Blend
$610k
Owner & transaction history
Northern Miami Vly Invs Group · 11 yrs held
Northern Miami Vly Invs Group
since 2015
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Piqua submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Piqua 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
$660,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$610k
Range $549k – $671k · ±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
$14 / 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
$5,893
Tax year 2023
Assessed value
$98,530
Assessed 2023
Previous assessed
$98,530
+0.0% YoY
Effective rate
5.98%
On assessed value
Assessed land
$25,130
Assessed improvement
$73,400
Land market value
$71,800
Improvement market value
$209,700
Total market value
$281,500
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1980
Heating
YES
Cooling
YES
Stories
1
Total area
43,050 SF
Lot
5.3 ac (230,737 SF)
APN
M40-059760
UPID
US66-6265569
Jurisdiction
MIAMI
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1980
Heating
YES
Cooling
Yes
Stories
1
Lot
5.3 ac
Current owner
From public records · entity-resolved
Northern Miami Vly Invs Group
Entity
Free & Clear · 11 yrs held
Mailing address
1923 COVINGTON AVE, PIQUA, OH 45356-2635
Ownership since
2015
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
Mar 3, 2025
—
Northern Miami Valley Investment Gr
—
Deed
related
$3,000,000 · Park National Bank
Jul 6, 2015
$315,000
Northern Miami Vly Invs Group
Gator Piqua Partners Lllp
Grant Deed
—
Dec 11, 2012
$50,000
Piqua Property Holdings LLC
Rowley,donald P JR & Cynthia M
Warranty Deed
related
—
Sep 14, 2007
$1,575
Gator Piqua Ptnrs
Wells Fargo Bank
Grant Deed
related
—
Feb 12, 2007
$2,640,000
Wells Fargo Bank NA Ct Trust
Bubzay Ventures III LLC
Grant 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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